Senate passes climate, health and tax bill in major win for Democrats
The bill's passage is a significant achievement for Democrats as they look to maintain their hold on Congress in the November midterm elections.
Inflation
Analyzing the state of the U.S. economy
CBS News' Tanya Rivero sits down with Joe Saluzzi, the partner and co-founder of Themis Trading, to discuss the state of the economy, including what's driving U.S. stocks, the significance of an upcoming consumer prices report and ongoing recession concerns.
CBS Weekend News, August 6, 2022
Senators consider Inflation Reduction Act in rare Saturday session; Youth wrestling program teaches kids skills on and off the mat
Parliamentarian alters drug plan in Inflation Reduction Act before Senate vote
The Senate's nonpartisan rules arbiter has dealt a blow to Democrats' plan for curbing drug prices.
Senate Dems reach agreement on Inflation Reduction Act
Senate Democrats announced Thursday night they have reached a consensus on the Inflation Reduction Act. Sen. Kyrsten Sinema of Arizona initially harbored concerns about the bill, but said Thursday she is ready to vote in favor of it after changes were made to the tax and energy provisions. CBS congressional correspondent Scott MacFarlane discusses what this bill means for the Democrats.
Democrats on verge of major legislative victory
Senate Democrats are on the verge of a major legislative victory on a spending package aimed at tackling climate change, expanding health care and capping drug prices. Scott MacFarlane explains what's in the bill.
Senate Dems announce they have the votes to pass Inflation Reduction Act
Sen. Kyrsten Sinema, a centrist who was seen as the pivotal vote, said in a statement that she had agreed to changes in the measure's tax and energy provisions.
White House reacts to latest jobs report
CBS News' Debra Alfarone and Lana Zak sit down with CBS News chief White House correspondent Nancy Cordes to discuss how White House officials are responding to the latest jobs report, the reaction to Arizona Sen. Kyrsten Sinema's nascent support for the Inflation Reduction Act and why White House officials have summoned the Chinese ambassador.
July jobs report beats expectations
The U.S. added 528,000 jobs in July, more than double what economists had predicted. With that boost, the unemployment rate fell to 3.5%, back to pre-pandemic levels and the lowest it's been since 1969. Daniel Zhao, senior economist at Glassdoor, joins CBS News to discuss what the report indicates about the state of the economy.
Senate set to vote on tax and climate bill
Lawmakers will begin the voting on President Biden's Inflation Reduction Act in a rare weekend session. CBS News congressional correspondent Scott McFarlane joins Lana Zak and Debra Alfarone with the latest.
Stocks dip after strong jobs report offers mixed news for investors
New data on hot U.S. jobs market suggests Fed won't be reining in its aggressive rate hikes anytime soon.
Jobless claims rise to round out July
First-time unemployment claims rose the last week of July ahead of the monthly jobs report being released Friday. Despite interest rate hikes and inflation fears, a new survey shows mortgage rates are dropping. The 30-year fixed rate dropped below 5%. CBS News business analyst Jill Schlesinger explains all that means for the state of the economy.
Some Americans turn to home gardens amid inflation
As inflation pushes grocery prices to a four-decade high, some Americans have turned to growing their own food to shrink their grocery bill. Janet Shamlian takes a look.
Home gardens rise in popularity amid high inflation
One gardener estimates she's saving $400 per month by growing her own vegetables.
U.S. gas prices fall for 7 straight weeks
The cost of a gallon of gas continues to fall in the U.S. Ellen Wald, senior fellow at the Atlantic Council's Global Energy Center, joins "CBS News Mornings" to discuss what's helping ease the pain at the pump.
Push to get Senate spending bill done
Before Congress departs on summer recess, Senate Democrats are attempting to pass a $700 billion spending bill aimed at climate change, health and inflation assistance. In a split Senate, Sen. Kyrsten Sinema's vote is still trying to be secured. CBS News congressional correspondent Scott MacFarlane reports from Capitol Hill.
Average cost of rent rising in many cities
The cost of rent is on the rise in nearly 400 cities across the U.S. The national average has risen more than 25% since June 2021. Brian Carberry, senior managing editor at apartmentguide.com, joins CBS News to discuss what's driving prices up and what cities you might want to avoid if you'll looking for cheaper rent.
Diesel fuel prices impacting trucking industry
As diesel prices sit near all-time highs, the rising cost is having a ripple effect on the economy. Michael Nicholson, co-owner of moving and storage company The Moving Squad, joined CBS News' Nikki Battiste to discuss the effects of inflation on his bottom line.
Surging gas prices increase other costs
Rising gas prices are causing a ripple effect across the U.S. economy, raising shipping and transportation costs as well. Harrison Fell, economist and senior research scholar at Columbia University's Center on Global Energy Policy, joined CBS News' Enrique Acevedo to discuss.
Job growth holds steady in April despite rising inflation
The U.S. labor market had an impressive month in April despite surging inflation. Wall Street Journal reporter Akane Otani joined Meg Oliver to discuss what the new job numbers could mean the economy's future.
Stocks fall as House Speaker Nancy Pelosi lands in Taiwan
Financial markets wobble amid investor concerns that the House speaker's visit could heighten U.S.-China tensions.
Robinhood slashes 23% of its workforce amid trading slump
CEO Vlad Tenev says soaring inflation and cryptocurrency crash is discouraging customers from trading.
Tips for asking for a pay raise
Some analysts say now is the time for employees to be asking for a pay raise. CBS MoneyWatch reporter Megan Cerullo joins Debra Alfarone and David Begnaud to discuss why and review tips for asking for a salary increase - plus what to do if your employer says no.
Job openings fall as the U.S. economy shrinks
American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates.
Weighing the state of the U.S. economy
Lori Bettinger, the president and BancAlliance and former director of the Troubled Asset Relief Program, joins CBS News' Tanya Rivero and Lana Zak to discuss consumer spending, falling consumer confidence, the upcoming Federal Reserve meeting and recession concerns.
Newsom signs California redistricting plan
The new map would shift five of California's Republican House seats to be more favorable to Democrats in the 2026 midterm elections.
Eyewitness says American subcontractors at Gaza aid sites fired at Palestinians
An eyewitness told CBS News that American subcontractors at Gaza Humanitarian Foundation sites shot at Palestinians, a claim GHF denies.
Missouri appears likely to redraw congressional map during Trump's redistricting push
Texas and California have already begun congressional redistricting efforts for political advantage.
New York court throws out $527 million penalty in Trump civil fraud case
A New York appellate court threw out the $527 million penalty in the civil fraud case against President Trump and others on Thursday, ruling that the fine was "excessive."
Alina Habba serving unlawfully as N.J.'s top federal prosecutor, judge rules
Alina Habba, President Trump's former personal lawyer, has been serving as New Jersey's U.S. attorney "without lawful authority" since early July, a judge said.
Trump hands out burgers and pizza to federal law enforcement amid D.C. police surge
President Trump visited a crowd of federal law enforcement officers on Thursday.
Hurricane Erin starts moving away from North Carolina coastline
Meteorologists are closely tracking the projected path and forecast of Hurricane Erin, which is the first hurricane to develop over the Atlantic this year.
Erik Menendez appears virtually for parole board hearing after nearly 30 years in prison
After more than 30 years in prison, Erik Menendez appeared before a parole board on Thursday in a continued bid for freedom after being convicted for the 1989 murder of his parents.
Cracker Barrel loses almost $100 million in value after new logo release
Cracker Barrel stock plunged as much as 15% after the restaurant chain released a new logo that removes its long-time image of a man leaning against a barrel.