Why did the Fed hold rates steady?
The Federal Reserve said Wednesday it will leave U.S. interest rates unchanged amid trade uncertainty and risk of stagflation. CBS News senior business and technology correspondent Jo Ling Kent has more.
Inflation
Fed ignores Trump's call for cuts
The Federal Reserve held interest rates steady on Wednesday, going against President Trump's repeated calls for cuts. CBS News' Jo Ling Kent and Weijia Jiang have the latest.
American toymaker on tariff impact
One industry reeling from President Trump's tariffs is American toy makers. Jay Foreman, CEO of Basic Fun!, the toymaker selling brand names like My Little Pony, Tonka Trucks and Lincoln Logs, joins CBS News to discuss the impact.
Powell warns of risks from tariffs
The Federal Reserve held interest rates steady on Wednesday as policymakers assessed the economic impact of President Trump's tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Small businesses deal with trade uncertainty
Treasury Secretary Scott Bessent told House lawmakers Tuesday that progress is being made on foreign trade talks, but not with China. That could change on this week though. CBS News MoneyWatch correspondent Kelly O'Grady has more on this and other economic news of the day.
What's behind the declining economic numbers?
The U.S. economy shrank during the first three months of 2025. The Commerce Department reported Wednesday that U.S. gross domestic product declined at an annual rate of 0.3% from January to March. CBS News' Kelly O'Grady and Ed O'Keefe have more.
Poll finds shrinking Hispanic Trump support
President Trump won the 2024 election in no small part because of a surge of support from Hispanic voters. But a new poll shows the majority of his support among this key voting block is in decline. CBS News' Nidia Cavazos reports and Clarissa Martínez De Castro, vice president of the Latino Vote Initiative at UnidosUS, joins "America Decides," to discuss.
U.S. economy shrinks, Trump Cabinet meets
President Trump held a Cabinet meeting on Wednesday, coinciding with his administration's week-long first 100 days victory lap. But on this day 101, the economic numbers tell a different story. CBS News' Fin Gomez, Ed O'Keefe and Kelly O'Grady report on the details.
Stocks slide, new data shows economy shrank
Stocks slid on Wednesday after new data showed that the U.S. GDP declined at a .3% rate in the first quarter of 2025. It was the worst quarterly performance for the U.S. economy since early 2022. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Voters reflect on Trump's first 100 days
How are Americans grading President Trump's first 100 days back in office? CBS News chief Washington correspondent Major Garrett spoke with Republican and Democratic voters to hear what they had to say.
How is the economy 100 days into Trump's term?
"Trust in Trump" was the White House's message on Tuesday when it came to the president's economic policy. But his wide-reaching tariffs have shaken economic norms, led to market uncertainty and voter concerns. CBS News MoneyWatch correspondent Kelly O'Grady examines the state of the economy 100 days into Mr. Trump's second term.
State of economy 100 days into 2nd Trump term
The Dow Jones closed in the green on Tuesday as President Trump marked 100 days of his second term. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the state of the economy.
Trump makes false or misleading claims about grocery prices, cost of gas
President Trump has made a series of false or misleading statements about consumer prices, while shoppers are seeing some tariff-related cost hikes.
Eye on America: Rising energy costs and more
We travel to Connecticut to see how homeowners can save on rising energy costs. We also visit the community of Buffalo, New York, less than a year after a tragic mass shooting. Watch these stories and more on Eye on America with host Michelle Miller.
Eye on America: Locally sourced water & more
We see the ripple effect of a locally sourced water company reviving an Idaho mining town. And we learn some small tips to save big at the grocery store amid rising inflation. Watch these stories and more on "Eye on America" with host Michelle Miller.
Eye on America: Homeless baby boomers and more
We look at why baby boomers are one of the fastest-growing groups to be homeless. Then, we dive into a pioneering effort to keep manatees thriving in their natural habitat. Watch these stories and more on “Eye on America” with host Michelle Miller.
Young people turn to "buy now, pay later"
New statistics are painting a larger picture of the shifting state of the economy, particularly for young people. Tickets for this year's Coachella ran for more than $1,000 a weekend. A new Billboard report found that more than 80,000 attendees, or roughly 60%, opted for "buy now, pay later" plans. Forbes senior contributor Jack Kelly joins "The Daily Report" to discuss.
Has Trump lowered prices like he claims?
When President Trump was on the campaign trail, he promised to lower the prices of all goods on "day one" of his second term. Since he took office in January, he has repeatedly claimed that the price of energy, groceries, eggs and homes have dramatically dropped. CBS News Confirmed executive editor Rhona Tarrant fact-checks these claims.
Consumer sentiment falls again in March
Consumer sentiment fell more than 8% in March, according to a survey from the University of Michigan, marking the fourth straight decline. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to assess what the figure could say about the state of the economy.
More Americans teetering on the edge of bankruptcy. Here's why.
Record consumer debt, years of steep inflation and other factors are driving more Americans to considering filing for bankruptcy.
3/14: CBS Morning News
An American Airlines plane carrying 178 people caught fire on the tarmac after making an emergency landing at Denver International Airport; Google touts Gemma 3 as "most capable" A.I. model that runs on just one GPU.
Some with high incomes are facing food insecurity
Inflation has more people turning to food banks for help, including people with six-figure incomes struggling to feed their families. Mark Strassmann has the story.
Sen. Warren warns Trump against firing Powell
President Trump lashed out at Federal Reserve Chair Jerome Powell in a social media post on Thursday, saying his termination "cannot come fast enough." CBS News' Fin Gómez and Kelly O'Grady report.
Grocery prices continue to rise, but increases vary from city to city
A new study from SmartAsset reveals varied increases in grocery prices depending on where you live.
Mar 13: CBS News 24/7, 1pm ET
Trump threatens 200% tariff on EU alcohol in response to American whiskey tariff; Protesters arrested after storming Trump Tower over arrest of Mahmoud Khalil.
In talks with Trump and NATO countries, Zelenskyy says Putin is "bluffing"
Presidents Trump, Zelenskyy and numerous NATO leaders held a virtual meeting Wednesday ahead of Friday's scheduled summit between Mr. Trump and Russian President Vladimir Putin.
Trump visits Kennedy Center and announces honorees. See the full list.
President Trump announced this year's "truly exceptional class" of Kennedy Center Honorees and said he will host the annual ceremony himself.
Alaska's capital sees record glacier flooding as river tops 16.6 feet
Alaska's capital of Juneau is bracing for what could be record floodwaters due to rainwater and snowmelt flowing downstream from a basin dammed by the Mendenhall Glacier.
Falling tree kills family as Chattanooga flooding prompts water rescues
Four people have died in heavy rain and flooding that hit near Chattanooga in Tennessee, officials said.
Appeals court allows Trump administration to cut billions in foreign aid
A divided panel of appeals court judges says the Trump administration can suspend or terminate billions of dollars of congressionally appropriated funding for foreign aid.
Staffing shortages at VA health systems on the rise, watchdog finds
The VA's Office of Inspector General found facilities reported 4,434 staffing shortages this fiscal year, which is a 50% increase from fiscal year 2024.
Mexico sends 26 cartel members to U.S. in deal with Trump administration
The transfers are a milestone for the Trump administration, which has made dismantling dangerous drug cartels a key Justice Department priority.
3-month-old endangered panther kittens killed by vehicle in Florida
Two panther kittens were found dead in Florida after a suspected vehicle strike, officials said. Their deaths mean at least 12 of the endangered animals were killed this year.
Missouri confirms case of rare brain-eating amoeba infection
A person in Missouri has been hospitalized after contracting a brain-eating amoeba, possibly after water skiing in the Lake of the Ozarks, state health officials said Wednesday.