Rising prices fuel frustration over inflation
CBS News' Mark Strassmann reports from Atlanta on Americans' growing frustration with inflation, as gas, food and housing prices continue to climb.
Inflation
Face The Nation: Gottlieb, Blankfein, Esper
Missed the Second half of the show? The latest on the baby formula shortage with Dr. Scott Gottlieb, GOP candidates make final pitch for Senate primary election, the war in Ukraine, inflation with Goldman Sachs’ Lloyd Blankfein, and Former Defense Secretary Mark Esper discusses January 6 committee.
Blankfein on inflation, the Fed and supply chain issues
Lloyd Blankfein, the former CEO and current senior chairman of Goldman Sachs, says tamping down inflation will require "some pain" as the Federal Reserve raises interest rates.
Gas prices surge to new record high of $4.43 per gallon
Prices at the pump now top $4 in all but three U.S. states, with costs driven up by a drop in capacity.
Tips for dealing with soaring grocery prices
According to the U.S. Bureau of Labor Statistics, grocery prices increased 10.8% from April 2021 to April 2022. CBS News' Tanya Rivero meets with money-saving expert Andrea Woroch to discuss how Americans can save money at the grocery store.
Inflation, rising costs pressure food banks
As Americans deal with high inflation and rising costs of goods, many are turning to food banks to supplement their shelves. Libby Campbell, chief executive officer of the West Texas Food Bank, joins "CBS News Mornings" to discuss.
Consumer prices on the rise
The pace of inflation around the U.S. dropped after eight straight months. The Consumer Price Index rose 8.3% from a year ago with food and gas prices seeing continued steep increases. Analysts and business owners say inflation won't be going away anytime soon. Carter Evans has more.
Biden visits Illinois as inflation remains high
President Biden went to Illinois on Wednesday to support farmers and agriculture. Inflation remains high across the nation, and Mr. Biden cited Russia's war in Ukraine as one of the reasons in his remarks on Wednesday. CBS News Senior White House and political correspondent Ed O'Keefe joined CBS News chief Washington correspondent Major Garrett from Chicago to discuss the president's visit.
Prices climb despite inflation drop in April
The U.S. Department of Labor says the Consumer Price Index rose 8.3% from a year ago, down from an 8.5% annual increase in March. CBS News correspondent Carter Evans explains how high prices are squeezing Americans across the nation. Then, CBS News' Sarah Ewall-Wice joins Elaine Quijano to discuss.
Inflation slows for first time in 9 months
While inflation eased slightly in April, it remains near a four-decade high. Americans are facing rising prices on everything from groceries, gas and rent. Carter Evans has more.
Biden speaks about lowering food prices
President Biden addressed his plan to help boost food production and lower food costs on a visit to a farm in Illinois. CBS News senior White House and political correspondent Ed O'Keefe joins CBS News' Tanya Rivero and Mola Lenghi with more on the president's speech and his plan to fight inflation.
Prices up 8.3% compared to April 2021
The new Consumer Price index report released Wednesday shows a 8.3% price increase compared with last year, but down from March's spike in inflation. Markets reporter Julia-Ambra Verlaine from The Wall Street Journal joins CBS News with more analysis.
Inflation remains high but slowed slightly
Inflation remains high but slowed slightly in April, according to new data from the U.S. Bureau of Labor Statistics. Consumer prices are up 8.3% from one year ago, which is down 0.2% from March but still higher than what experts predicted. CBS News political contributor Sean Sullivan, a White House reporter for the Washington Post, joined CBS News' Tanya Rivero and Mola Lenghi to discuss.
Americans face rising prices
The April inflation report is expected to show rising costs across sectors, and President Biden says inflation is his top domestic priority. CBS News' Debra Alfarone reports, and then CBS News business Analyst Jill Schlesinger joins "CBS News Mornings" to discuss what the latest numbers means for consumers and their wallets.
New inflation figures for April
The Labor Department released new inflation numbers on Wednesday while farmers are getting hit with upfront costs. It's impacting the supply chain, leaving store shelves empty. Nancy Cordes reports from the White House.
Interest rates hit homebuyers’ wallets
The average 30-year fixed mortgage rate hits 5.27%, nearly double what it was a year ago. Erin Sykes, chief economist at Nest Seekers International, has more on the impact.
Has inflation peaked? Some economists think so — here's why.
Experts say Americans could soon see some relief as surging prices starts to weigh on consumer spending.
5/10: Red and Blue
President Biden speaks on combating inflation; House hearing on "unidentified aerial vehicles"
Inflation and abortion dominate politics
President Biden speaks on how his administration is fighting inflation, while the politics of abortion continues to be at the forefront. CBS News chief White House correspondent Nancy Cordes and CBS News congressional correspondent Nikole Killion join "Red and Blue" to discuss.
Biden outlines plan to tackle inflation
President Biden delivered a speech Tuesday outlining his plans to reduce inflation and lower costs for consumers. CBS News senior White House and political correspondent Ed O'Keefe reports from Washington, then Ann Barry, the chief investment officer at Wheelhouse, joins Elaine Quijano on CBS News to discuss.
MoneyWatch: Biden addresses inflation
President Biden addressed rising costs and inflation in a speech Tuesday. Saira Malik, chief investment officer at Nuveen, joins CBS News' Tanya Rivero and Mola Lenghi with more on inflation and what to expect from Wednesday's consumer price index release.
Biden targets inflation with plan to lower prices
As inflation takes center stage six months ahead of the midterm elections, President Biden said his administration is working to tackle rising costs, calling it his "top domestic priority." Ed O'Keefe has more details.
Spike in gas prices causing widespread price hikes
Gas prices are now 46% higher than they were at this time last year. For diesel, the situation is especially dire -- the price of diesel gas is up 78% over the past year. Carter Evans reports.
Biden pushes back at GOP over inflation
President Biden gave a speech on Tuesday on his plans to steady the economy, and he pushed back against Republicans who have been targeting Democrats over rising prices and inflation. Federal Reserve reporter for The New York Times Jeanna Smialek joins CBS News' Tanya Rivero and Mola Lenghi with more on the president's speech.
Americans are spending $100 more a month on gas than last year
AA reports that the national average cost of gasoline as of Tuesday is $4.37.
Trump says he's fired Federal Reserve board member Lisa Cook
President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors — a dramatic move after months of public attacks against the central bank.
Kilmar Abrego Garcia taken into ICE custody, facing deportation to Uganda
Kilmar Abrego Garcia was taken into custody Monday by immigration authorities and the Department of Homeland Security said he is being processed for deportation to Uganda.
Trump wants to punish flag burning. Is burning the American flag illegal?
President Trump signed an executive order that seeks to go after people who burn the American flag.
Here are the Powerball winning numbers drawn in $750 million jackpot
Monday night's Powerball jackpot is an estimated $750 million, with an approximate cash value of $338.6 million.
Trump floats changing Defense Department to Department of War
President Trump on Monday floated returning the Department of Defense to its prior name, the Department of War, calling its current moniker "too defensive."
House Oversight Committee subpoenas Jeffrey Epstein's estate
House Oversight Committee Chairman James Comer subpoenaed estate of Jeffrey Epstein, seeking over a dozen categories of documents.
Why Cracker Barrel's new logo is a flop, according to branding experts
Cracker Barrel badly misread its own customer base — and our culturally sensitive times — in trying to spruce up its image, experts say.
Lil Nas X pleads not guilty to felony battery against a police officer in L.A.
Lil Nas X has been charged with three felony counts of battery with injury on a police officer and one felony count of resisting arrest after he was arrested last week on Ventura Boulevard in Studio City.
FEMA staff argue Trump administration's cuts risk undoing progress since Katrina
A group of current and former FEMA officials is blasting the Trump administration for its sweeping changes to the disaster relief agency, days before the anniversary of Hurricane Katrina.