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.
Inflation
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.
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.
Stocks come back strong, shrugging off hot inflation reading
Dow swings more than 1,300 points as investors glimpse reasons for hope in September consumer price index.
Major boost in Social Security benefits
Social Security benefits will increase by 8.7% next year — the biggest rise in more than forty years. However, the move is fueled by record-high inflation. CBS News MoneyWatch reporter Aimee Picchi discusses how this will impact Americans' wallets.
Consumer prices climb 8.2%
Consumer prices rose again in September despite the Federal Reserve's attempts to drive down inflation. CBS News' Errol Barnett and Lana Zak speak with Diane Swonk, chief economist at KPMG U.S., about how the latest data could impact the Fed's next rate hike decision.
Inflation increased 0.4% in September
The September Consumer Price Index shows prices rose 8.2% over the last year, and increased 0.4% between August and September. Gargi Chaudhuri, head of iShares Investment Strategy Americas at BlackRock, and CBS News senior White House and political correspondent Ed O'Keefe joined Tanya Rivero and Nancy Chen to discuss the impact of these numbers on the U.S. economy.
Social Security payments to rise 8.7% in 2023 — highest in decades
With inflation forcing many seniors to cut back on food and medicine, annual cost-of-living hike will boost their income.
Wall Street looking for insight from Fed
The Federal Open Market Committee will publish Wednesday the minutes from its September meeting as well as its economic forecast. Also, President Biden said he doesn't think there will be a recession during his CNN interview Tuesday night. Yahoo Finance senior columnist Rick Newman joined "CBS News Mornings" to discuss.
MoneyWatch: Tips for managing your savings
National Savings Day is the perfect time to take stock of your personal finances. CBS News’ Errol Barnett and Meg Oliver spoke with Kimberly Palmer, a personal finance expert with NerdWallet, about the best ways to manage your hard-earned savings.
France orders striking workers back to oil refineries as pumps run dry
The striking oil workers want a pay rise, arguing their salaries cannot keep up with inflation that has soared to almost 6% in France.
Yellen on inflation, looming railroad strike
White House officials are attempting to avert a railroad strike before Friday's deadline. Meanwhile, a recent report from the Labor Department shows that inflation is still high. CBS News chief White House correspondent Nancy Cordes spoke exclusively with Treasury Secretary Janet Yellen about those issues, then joined CBS News' John Dickerson to discuss.
Mortgage rates hit 14-year high
Home buyers nationwide are pulling back from the market due to high interest rates. Igor Popov, chief economist at Apartment Listing, joined Elaine Quijano to discuss where the housing market is heading.
Inflation remains high even as gas prices drop
The Consumer Price Index rose 8.3% in the past 12 months, as higher prices for groceries, shelter and medical care offset lower gasoline prices. CBS News chief White House correspondent Nancy Cordes has more on the latest report. Then, Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joins John Dickerson on "Prime Time" to discuss the impact.
U.S. economy still rebounding from pandemic
The U.S. economy and labor market are still rebounding from the COVID-19 pandemic. Several workplace trends, such as working from home, still remain prevalent. Aki Ito, senior correspondent for Business Insider, joined CBS News to discuss.
Risks of potential Fed interest rate hike
The Federal Reserve's plan to get inflation under control is fueling concerns of future layoffs and a possible recession. CBS News' John Dickerson breaks down how this will affect you with Guy Berger, principal economist for LinkedIn.
MoneyWatch: U.S. stocks sink as inflation fears mount
The stock market's tumble has put the S and P 500 into a bear market. CBS News correspondent Elaine Quijano reports on Wall Street's drop on Monday. Then, Akiko Fujita, a reporter and anchor for Yahoo Finance, joins Errol Barnett on CBS News to discuss the latest on the markets.
Dow drops 880 points amid latest inflation numbers
Inflation is negatively impacting the U.S. stock market. The Dow Jones fell 880 points Friday. Yahoo Finance reporter Alexandra Semenova joins CBS News to discuss the impact of rising consumer prices.
IMF dims outlooks for global economy in 2023 amid Ukraine war
Recession risks are rising amid "historic fragility" in the global economy, the agency's managing director said.
Israel and Hamas reach deal to release all hostages, Trump says
The announcement comes days after he presented a 20-point peace plan aimed at ending the war in Gaza.
Senate votes fail again as government shutdown drags on
The government shutdown stretched into Day 9 on Thursday as another round of Senate votes failed to advance funding bills.
500 National Guard troops deployed in Chicago area amid legal battle
A federal judge is expected to rule on Thursday on a request from the governor and mayor to block the troop deployment.
Senate votes down war powers resolution aimed at blocking Trump's boat strikes
Senate Democrats forced a vote under the War Powers Act aimed at blocking continued U.S. strikes on alleged drug-carrying boats off the coast of Venezuela.
New DoD credential restrictions send "message of intimidation," press corps says
The Pentagon Press Association said its negotiations with the Defense Dept. over new restrictions "have not been as successful as we had hoped."
Colombian president alleges U.S. bombed boat from his country; White House denies
The president of Colombia alleged the U.S. military struck a boat carrying Colombian citizens — which the White House vehemently denied.
Ex-FBI chief James Comey pleads not guilty to charges of lying to Congress
Former FBI Director James Comey, a longtime foe of President Trump, appeared in Virginia for an arraignment, in his first court appearance since he was charged.
Florida man arrested for allegedly starting Palisades Fire
The Palisades Fire burned more than 23,000 acres and killed at least 12 people in January.
Tropical Storm Jerry churns over central Atlantic Ocean
Tropical Storm Jerry continued to churn over tropical waters of the central Atlantic Ocean and could become a hurricane.