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President Trump's new tariffs on dozens of countries will go into effect on Aug. 7. Kevin Hassett, director of the National Economic Council, joins "The Takeout" to discuss the potential impact on the economy.
The Personal Consumption Expenditures, the Federal Reserve's preferred inflation gauge, ticked higher in June.
A new round of CBS News polling shows views of the economy are slightly better than they were earlier this summer, but concerns about more price increases are weighing down the outlook. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
The Federal Reserve on Wednesday left interest rates unchanged for the fifth time in a row. CBS News' Kelly O'Grady and Olivia Rinaldi have the latest.
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
President Trump has been pressuring the Federal Reserve to lower interest rates, but the central bank held them steady on Wednesday. Peter Navarro, senior counselor for trade and manufacturing to President Trump, joins "The Takeout" to explain why he believes rates should be cut.
Much remains to be decided about President Trump's tariffs. Top trade adviser Peter Navarro joins "The Takeout" to discuss where things are headed.
The Federal Reserve left interest rates unchanged on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady has more.
New numbers show Americans have a slightly more positive outlook on the economy. The Consumer Confidence Index rose two points in July compared to June. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
The Federal Reserve is kicking off meetings as a decision over interest rates is expected. President Trump has urged Fed chair Jerome Powell to apply a cut. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Consumers might be feeling more optimistic about the economy, new consumer confidence index data shows. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
The National Retail Federation says more parents than ever are bracing for price hikes and are trying to get ahead of the Aug. 1 tariff deadline by shopping for school supplies in the middle of summer. Ali Bauman has more.
President Trump visited the Federal Reserve on Thursday, where he publicly disagreed with its chair, Jerome Powell, about the central bank's renovation costs. Following the tour, Mr. Trump denied tensions between himself and Powell, saying they had a "good meeting." CBS News MoneyWatch correspondent Kelly O'Grady reports.
President Trump visited the Federal Reserve on Thursday to tour its multi-billion-dollar renovation project. It comes amid his repeated public attacks on Fed Chair Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady reports.
House Speaker Mike Johnson told CBS News chief Washington correspondent Major Garrett that he understood President Trump's frustration with Federal Reserve Chairman Jerome Powell, adding that it's going to be "a rocky road" for the Fed chair between now and the end of his term in May 2026. CBS News MoneyWatch correspondent Kelly O'Grady and Barron's senior writer Martin Baccardax join with analysis.
President Trump toured renovations at the Federal Reserve headquarters with Chair Jerome Powell on Thursday. The visit comes amid the president's criticism of Powell over the central bank holding interest rates steady. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Six months into President Trump's second term, fresh CBS News polling is shedding light on what Americans think about his performance so far. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
As tensions remain high between the White House and the central bank, a Republican congresswoman is hitting Federal Reserve Chair Jerome Powell with a criminal referral to the Justice Department. CBS News MoneyWatch correspondent Kelly O'Grady joins to examine the disconnect between the Trump administration and the Fed.
Donald Trump won in 2024 promising to fix the economy and bring down prices. Six months into his second term, he's facing the same test -- and voters are unconvinced. "CBS Evening News" co-anchor John Dickerson has more.
A new CBS News poll finds nearly two-thirds of Americans now disapprove of how President Trump is handling inflation -- the highest disapproval for him on that subject since taking office. Ed O'Keefe has details.
Investors are bracing themselves for second-quarter corporate earnings reports. Meanwhile, Commerce Secretary Howard Lutnick said on "Face the Nation with Margaret Brennan" that the White House is expecting major trade deals over the next two weeks as President Trump's Aug. 1 tariff deadline approaches. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
President Trump's approval rating has dropped as he marks six months in office for his second term, a new CBS News poll finds. Nancy Cordes has more details.
It has been six months since President Trump began his second term. Americans shared their views on some of the administration's legislative goals, including immigration, the U.S. economy and more in a new CBS News poll. CBS News' Natalie Brand has the latest from the White House.
President Trump has relentlessly criticized Fed Chair Jerome Powell for not cutting interest rates. Tuesday night, he privately floated firing Powell. Nancy Cordes reports.
Democratic Sen. Elizabeth Warren of Massachusetts, a longtime critic of Jerome Powell, is speaking out against President Trump's threats to fire the Fed chair. Warren joins "The Takeout" to explain her position and take stock of Mr. Trump's economy.
Candidates from different wings of the Democratic Party won key races in the biggest test since President Trump's victory last year. Follow live results here.
The number of fatalities is expected to increase after a UPS plane crashed Tuesday near the Louisville International Airport in Kentucky, Gov. Andy Beshear said.
California voters have passed Proposition 50, CBS News projects, approving a measure that will redraw the state's congressional districts.
The Senate failed for the 14th time to advance a bill to end the government shutdown, now the longest in U.S. history. Follow live updates here.
Democrat Mikie Sherrill is set to be the next governor of New Jersey after she defeated Republican Jack Ciattarelli, CBS News projects.
A Democratic Socialists of America leader says New York City Mayor-elect Zohran Mamdani offers a "powerful way forward" for Democrats — but some moderates worry he'll hand the GOP "a pretty potent set of weapons" in next year's midterms.
California's approval of Proposition 50 sets in motion a redistricting plan that could result in pickups of five seats for Democrats in the Golden State — an effort that may ripple beyond California's borders.
At the beginning of October, Jay Jones' violent text messages from in 2022 resurfaced and were condemned by both parties.
Democrat Abigail Spanberger will be Virginia's next governor, CBS News projects, defeating Republican Winsome Earle-Sears after a race dominated by President Trump.