Tariffs are pushing up remodeling costs. Here's how to save money.
Tariffs are making building materials, including lumber and steel and aluminum, more expensive. Here are some tips for saving.
Tariffs
Tariffs push renovation costs higher
With new tariffs raising the cost of key building supplies like lumber, steel, and appliances, contractors say homeowners could see project costs skyrocket. Nancy Chen speaks with builder David Perotti on how to save money and navigate the price hikes.
More Americans want to buy used cars over tariffs
A new survey from auto researcher Edmunds shows 58% of respondents are more interested in buying a used car because of tariffs. Kelly O'Grady reports.
Fed Chair on why rates stayed steady
The Federal Reserve is keeping interest rates unchanged for now, but as many as two interest rate cuts could occur later this year. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Why the Fed held interest rates steady again
The Federal Reserve held its benchmark interest rate steady on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Data shows drop in U.S. retail sales in May
New economic data released Tuesday suggests the turmoil surrounding tariffs is affecting U.S. consumer spending. Retail sales in the U.S. dropped 0.9% in May, a sharp dip from the 0.1% decline the month before. Kelly O'Grady takes a look at the numbers.
At Home retailer files for bankruptcy. Here are stores that will close.
As part of the bankruptcy proceedings, 26 At Home stores across the United States will close.
Why Trump didn't sign G7 statement on Iran
President Trump attended a G7 summit in Canada on Monday, where he discussed the Israel-Iran conflict, but did not join other world leaders in signing a joint statement calling for de-escalation. CBS News senior White House correspondent Weijia Jiang has more.
Israel-Iran conflict looming over G7 summit
In Canada, President Trump met on Monday with the world's top democracies as a trade war he started brings the prospect of new deals or continued global economic uncertainty. On the trip, Mr. Trump said Iran wants to negotiate as Israel continues its aerial assault on the nation. CBS News' Holly Williams, Nancy Cordes and Robert Costa have the latest.
How will G7 leaders receive Trump
President Trump is meeting with other world leaders in Canada at the G7 summit during a period of global tensions. Max Bergmann, a director at the Center for Strategic and International Studies, joins CBS News with more.
G7 summit begins in Canada
The annual Group of Seven (G7) summit begins Monday in Alberta, Canada. President Trump and world leaders from Canada, France, Germany, Italy, Japan and the United Kingdom are expected to discuss the current conflict between Israel and Iran, as well as world trade. CBS News' Nancy Cordes has the latest.
Trump's tariffs impact the toy industry
The toy industry is dominated by imports, with the overwhelming majority of toys made overseas and shipped into the U.S. President Trump's tariffs have given domestic toy makers an opening, but not without risk.
Face The Nation: Gary Cohn and Jan Crawford
Missed the second half of the show? The latest on the U.S. trade deal with China and the Senate trial of President Donald Trump.
Ex-Trump adviser Gary Cohn: China tariffs "totally hurt the U.S."
The former top White House economic adviser said he does not believe the tariffs imposed on billions of dollars worth of goods imported from China helped the U.S. reach a preliminary trade deal with Beijing.
Thrifting interest explodes for Americans worried about rising clothing prices
The secondhand market is expected to more than double by 2028, according to a resale report from Thredup, an online thrift store.
Young Americans are embracing thrifting
Americans worried about costs have flocked to the used clothing market. Thrifting is an easy way to avoid tariffs, with prices generally 50% to 75% off of retail. Janet Shamlian reports.
The latest in U.S.-China trade talks
After two days of trade talks in London, President Trump says the U.S. and China have reached the framework of a deal. Scott Lincicome, a vice president at the Cato Institute's Center for Trade Policy Studies, joins to discuss.
What is the rare earth element samarium?
President Trump says a new trade framework with China will give the U.S. access to rare earth minerals. China has a tight grip on one element critical to U.S. military hardware: Samarium. Gracelin Baskaran, director of the Critical Minerals Security Program at CSIS, explains the element's significance.
More on trade framework between U.S., China
The Trump administration says it agreed to a framework for a trade deal with China. Plus, new data from the Labor Department shows inflation rose less than expected last month. CBS News' Olivia Rinaldi and Kelly O'Grady have more.
Bessent defends tariffs, U.S.-China trade deal
Rep. Linda Sánchez of California and Treasury Secretary Scott Bessent sparred over President Trump's tariff policy at a House hearing on the department's budget request. Sánchez questioned whether the Trump administration negotiated a good trade deal with China.
inflation rose less than expected, data shows
The latest Consumer Price Index (CPI) report shows that U.S. inflation rose by 0.1% in May, which is less than expected. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down. Also, CBS News' Natalie Brand has the latest updates from the White House as President Trump boasts about an agreement with China being close to the finish line.
Trump says U.S. trade deal with China is done after talks in London
U.S. and Chinese trade teams appeared to make modest progress a month before paused monster tariffs are due to resume, but Trump says a deal "is done."
Trump claims U.S. and China reached deal
President Trump is claiming that a trade deal with China is "done," but few details are known about the apparent agreement. This follows meetings between senior officials from both nations in London. CBS News' Natalie Brand reports.
Sen. Ernst discusses effect of China tariffs
Senator Joni Ernst, R-Iowa, joins Margaret Brennan to discuss NRA political contributions and how tariffs on China would affect American agriculture.
Secretary Mnuchin doesn't expect a trade war
Treasury Secretary Steven Mnuchin joins "Face the Nation" moderator Margaret Brennan to discuss the U.S. and China's trade tariff threats and the effects they are having on the markets.
CBS News poll: On Trump deploying National Guard, divisions over impact on crime, rights
Trump's approval rating ticks back up; support for tariffs declines as some pull back buying.
South Korea says it reached a deal to release workers detained in ICE raid
South Korea says it reached a deal with the U.S. to release more than 300 South Koreans detained in an immigration enforcement raid at a Georgia Hyundai plant.
Justice Barrett on the Supreme Court's checks on Trump's power
In her first TV interview since joining the Supreme Court in 2020, Justice Amy Coney Barrett also discusses her vote in the 2022 Dobbs abortion case.
Duckworth: Trump essentially "declared war" on Chicago; no "indications" of deployment
Sen. Tammy Duckworth, an Illinois Democrat, said President Trump "essentially just declared war on a major city in his own nation."
Powerball winning tickets sold in Texas, Missouri in estimated $1.8B jackpot
Saturday's jackpot had an estimated cash value of $826.4 million, Powerball said.
Hassett says Fed monetary policy should be "fully independent" of presidents
Director of the National Economic Council Kevin Hassett said the Federal Reserve's monetary policy "needs to be fully independent of political influence — including from President Trump."
Ukraine government building damaged in large Russia aerial attack
Russia attacked Ukraine with 810 drones and decoys – the largest aerial attack on the country since the war began, Ukraine's Air Force said.
Australian woman who killed 3 with toxic mushrooms sentenced to life in prison
Erin Patterson was convicted for serving a poisonous meal to her estranged husband's parents, aunt and uncle during a beef Wellington lunch at her home in 2023
Trump attends U.S. Open men's finals
President Trump has not attended the U.S. Open since shortly after he launched his first campaign in 2015, but he was once a fixture at the New York tennis tournament.