Scott says GOP will focus on inflation in midterms
GOP Sen. Rick Scott of Florida says the midterm elections are "going to be about the effectiveness of the Biden administration, and I think it bodes well for Republicans."
Inflation
What's fueling high gas prices
Inflation, the war in Ukraine, supply chain issues coupled with rising demand are all factors in the steep gas prices the country is seeing, but there's more to it. Michael George has the latest.
Biden takes multi-day trip to Asia
President Biden is on his first overseas trip to Asia since taking office, spending time in both South Korea and Japan. CBS News chief White House correspondent Nancy Cordes reporters. Then CBS News political analyst Leslie Sanchez and CBS News political contributor Joel Payne join CBS News' Lana Zak to discuss the president's travels and more.
Stocks plunge as major retailers show poor results
Stocks plummeted on Wall Street after disappointing quarterly results from the nation's largest retailers. CBS News senior White House and political correspondent Ed O'Keefe has the latest. Then, Akane Otani, a reporter for The Wall Street Journal, joins Elaine Quijano on CBS News to explain the current market volatility.
Gas prices hit records as inflation fears intensify
As the price of gas and groceries rise with inflation, plenty of Americans are feeling the financial pressure of an economy potentially heading toward a recession. Errol Barnett takes a look.
Stocks plunge as economic fears intensify
The stock market plunge and inflation present two challenges for President Biden and Democrats, who are hoping to retain control in the upcoming midterm elections. Ed O'Keefe has more details.
FDA plans to ease baby formula shortage
The FDA has announced plans to ease the baby formula shortage after reaching an agreement with Abbott Laboratories to allow the manufacturer to reopen its Michigan plant. The FDA is also easing import rules to allow international manufacturers to ship formula to America. This comes as families have been struggling to get by with dwindling supply on shelves. "CBS News Mornings" spoke with Taylor Miller, the mother of a four-month-old in Texas, about the challenges she's facing as a new parent.
Inflation rises to near 40-year high
Global forces including supply chain disruptions, energy costs and Russia's invasion of Ukraine have contributed to rising inflation, which is at a near 40-year high. Mark Strassmann reports.
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.
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.
Government shutdown continues as Smithsonian museums, National Zoo temporarily close
The government shutdown entered its 12th day on Sunday as Republicans and Democrats remain at an impasse over a spending plan, and the Trump administration began laying off thousands of federal workers.
Vance accuses Democrats of "hostage-taking" with government shutdown posture
Democratic leaders in Congress have pushed for serious negotiations with Republican leaders and the White House to end the stalemate.
Preparations for hostage release underway in Israel
The ceasefire between Israel and Hamas has brought cautious calm to the region as aid begins to flow into the Gaza Strip.
Diane Keaton, star of "Annie Hall" and "Father of the Bride," dies at 79
Diane Keaton had a decades-long career with performances in 1977's "Annie Hall," the "The Godfather" films, and many more.
Justice Anthony Kennedy on the Supreme Court today
The former justice who was the deciding vote on some of the Supreme Court's most consequential decisions talks about the Court today, and about his memoir, "Life, Law & Liberty."
Former NFL quarterback Mark Sanchez released from Indianapolis hospital
Mark Sanchez was hospitalized with multiple stab wounds following the altercation on Oct. 4. He was then charged with battery involving serious bodily injury, a felony.
South Carolina bar shooting kills at least 4, injures 20
The shooting at Willie's Bar and Grill on St. Helena Island left at least 20 injured, including four in critical condition, the Beaufort County Sheriff's Office said.
"A House of Dynamite": Battling a nuclear nightmare
The latest white-knuckle thriller by director Kathryn Bigelow imagines the responses within the government and the military when a single ICBM is launched toward the United States.
A wife is accused of her husband's murder. Can she clear her name?
Alison Davis says she woke up to find her husband, Kevin Davis, face down in a pool of blood inside their New Haven, Indiana, home. She says he fell down the stairs. But after an autopsy report, police came to a different conclusion.