U.K. PM's exit follows economic plan's failure
Gillian Tett, editorial board chair and editor at large in the U.S. for the Financial Times, joined CBS News to discuss U.K. Prime Minister Liz Truss' announcement that she's resigning.
Inflation
How will new U.K. PM affect markets?
U.K. Prime Minister Liz Truss announced her resignation Thursday amid economic turmoil in the country. Greg Swenson, founding partner of the British investment bank Brigg Macadam, discussed what he thinks the British economy could look like with a new prime minister.
IRS makes changes for inflation
The Internal Revenue Service has announced several adjustments to account for the impact of inflation. These include higher federal income tax brackets and standard deductions for the year 2023. CBS News MoneyWatch associate managing editor Aimee Picchi joins the show to break down these forthcoming changes and more.
Inflation pushing half of Americans to consider second jobs
Financial stress is even tougher on parents, with 7 in 10 saying their paychecks aren't keeping up with rising costs.
U.K. inflation jumped back over 10% in September
Economists think the record inflation could prompt England's central bank to hike its primary interest rate by as much as a full percentage point this fall.
Will the U.S. see a recession next year?
Economists are shifting gears and now saying the U.S. will enter a recession within the next year. CBS News anchors Lana Zak and Lilia Luciano spoke with Wall Street Journal reporter Harriet Torry about the potential impact.
Stocks extend rally as U.S. companies report solid profits
Corporate earnings are holding up despite recession fears, cheering investors. But some analysts urge caution.
U.K. wonders if embattled leader Liz Truss can even outlast a lettuce
The prime minister's 6-week tenure has been defined by self-inflicted chaos, but with her party divided, it's unclear where Britain goes from here.
GOP keeps lead for House control
The latest CBS News Battleground Tracker polling shows Republicans are holding onto their advantage in the race to control the House of Representatives. CBS News executive director of elections and surveys Anthony Salvanto joined Anne-Marie Green and Vladimir Duthiers with a look at what's behind this trend.
Americans face mounting credit card debt
Americans are facing mounting credit card debt as inflation puts more pressure on households, and the Federal Reserve raises interest rates. CBS News' Lilia Luciano speaks with Abha Bhattarai, economics correspondent for The Washington Post, on what's driving the rise in credit card debt.
New species of whale named last year is "on the edge of extinction"
"Unless significant conservation actions are taken, the United States is likely to cause the first anthropogenic extinction of a great whale species," scientists said.
Economist Betsey Stevenson on core inflation rate
University of Michigan professor Betsey Stevenson, the former top economist at the U.S. Department of Labor, said the 6.6% core inflation rate is what really worries economists. "That's the stuff that's hard to come down," she told "Face the Nation."
3 inflation-savvy money moves to make now
Inflation is sticking around, driving up food, rent and other costs. These money moves can help you fight back.
Buttigieg calls employment numbers "strong as hell"
Transportation Secretary Pete Buttigieg said on "Face the Nation" on Sunday that the Biden administration's "top economic priority is fighting inflation." He defended the administration's economic policies, saying "if anybody's asking, 'was it a good idea to rescue the American economy? The answer's yes.'"
Liz Truss walks back tax cuts amid recession fears
Experts say public confidence in United Kingdom Prime Minister Liz Truss is steadily falling after she reversed course on her proposed tax reforms. Ian Lee has the latest.
Surging mortgage rates cool U.S. housing market
Home prices rose 43% in two years, but now in cities that had those massive spikes, prices are being slashed. Danya Bacchus has more.
Biden makes late push across West aiming to deliver votes for Democrats
President Joe Biden's trip to Oregon, California and Colorado is showing how he's trying to turn out Democratic votes on Election Day.
Stocks slump Friday after inflation report
The Dow Jones Industrial Average gave back a big chuck of the gains it made the day before, following the latest report on inflation in the U.S. David Grasso, an editor at Bold, joins CBS News to discuss the latest on the economy.
This week on "Face the Nation with Margaret Brennan," October 16, 2022
Transportation Secretary Pete Buttigieg, Ukrainian Ambassador to the U.S. Oksana Markarova, Professor of Economics and Public Policy at the University of Michigan Betsey Stevenson, and more, will appear on "Face the Nation with Margaret Brennan" this Sunday.
U.S. mortgage rates reach 20-year high
U.S. mortgage rates reached a 20-year high as the Federal Reserve continues to raise interest rates to try to tame inflation. CBS News' Errol Barnett and Elaine Quijano are joined by Zillow senior economist Orphe Divounguy to discuss the impact.
live updates
U.K. leader sacks finance chief amid economic turmoil over tax cuts
The "mini-budget" rolled out by the duo caused the pound to plummet in value, interest rates to soar, and sparked chaos in financial markets.
MoneyWatch: Social Security vs. inflation
Social Security benefits will increase by 8.7% in 2023 in a cost-of-living adjustment. The news comes as recipients see increased costs due to inflation in nearly every aspect of life. Javier David, Axios managing editor of business and markets, joins "CBS News Mornings" to explain where seniors will be feeling the pinch and if the adjustments will make enough of a difference.
Breaking down the latest inflation data
In September, inflation rose 8.2 percent over the past year. Food, shelter and medical care costs remain high as investors brace for a possible recession. Senior business analyst Jill Schlesinger has more on the latest report.
Markets rally despite inflation report
The stock market finished strong on Thursday despite the latest CPI report showing a 0.4% September increase in inflation. Pete Earle, economist and research fellow at the American Instiute for Economic Research, joins CBS News to discuss the state of the economy and whether we're facing a recession.
U.S. inflation higher than expected
Inflation remains near a record high, and it shows no signs of slowing. The consumer price index for September was up 8.2% compared to a year ago. Nancy Cordes has the details.
Texas House passes GOP redistricting plan after weeks-long standoff
The measure now goes to the Senate, after Democrats returned from a quorum-breaking walkout. Republicans aim to reshape the state's congressional maps.
California Supreme Court declines to stop Newsom's redistricting plan
The California Supreme Court cleared the way for Democrats to move forward with a plan to redraw congressional districts Thursday.
Hurricane Erin bringing tropical storm conditions to North Carolina's Outer Banks
Meteorologists are closely tracking the projected path and forecast of Hurricane Erin, which is the first hurricane to develop over the Atlantic this year.
Judge declines to unseal grand jury material in Jeffrey Epstein case
A federal judge in New York on Wednesday declined the federal government's request to unseal grand jury material in the Jeffrey Epstein case.
Abbott targets Texas lawmakers who flee state to block votes
New agenda items include penalties for lawmakers who flee the state, pharmacy access to Ivermectin, and a groundwater study in East Texas.
Gabbard cutting Director of National Intelligence staff by roughly 40%
Director of National Intelligence Tulsi Gabbard is slashing her office's staff by roughly 40% — the latest major Trump-era change slated for the intelligence agency.
Menendez brothers continue bid toward freedom with parole hearings on tap
Erik and Lyle Menendez face separate California parole board hearings this week after spending decades in prison for the 1989 killings of their parents in Beverly Hills.
Flying object that crashed in Poland was a Russian drone, Polish officials say
Poland's defense minister accused Russia of provoking NATO during a crucial moment, as peace talks over the war in neighboring Ukraine are underway.
Judge Frank Caprio, known for his compassion in court, dies at 88
Judge Frank Caprio, a former judge for the Providence Municipal Court, died following a bout with pancreatic cancer, according to a statement posted to social media.