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Here's what the Fed's interest rate pause means for your money
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
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After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
The debt ceiling deal has cleared both chambers of Congress and is headed to the president's desk.
The House Democratic leader said he can guarantee the U.S. will not default on its debt.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
Without a deal, Treasury Secretary Janet Yellen has said the U.S. could be unable to pay its bills and might default on its debt as soon as June 1.
President Joe Biden said Sunday he is "optimistic about a debt ceiling deal."
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
Nicole D'Antonio reports failing to raise the limit could have a big impact on the U-S economy.
Without congressional action, the U.S. could default as soon as June, she wrote in a letter Friday.
Congresswoman Ilena Ros-Lehtinen and Jim discuss the vote to reopen the government and where we go from here. The two also discuss whether three months from now we will be in the same situation. Other topics include immigration reform, and the future of the Republican party.
The GOP-led government shutdown looks like it will continue for an undetermined amount of time, even as more workers begin to lose their pay checks and the debt limit is avoided.
As the Republican-led government shutdown continues, the approaching debt limit and a possible debt default continues to grow larger on the horizon.
While the possibility of a government shutdown still remain high due to Congressional dysfunction, a more important showdown still looms large over Capitol Hill, the debt limit.
A staggering new Wall Street Journal/NBC News poll showed a plurality of the country was fine with the country crashing through the national debt ceiling.
Senator Marco Rubio is prepared to shut down the United States government if the Affordable Care Act isn't completely defunded by any short-term budget agreement.
As President Barack Obama and Congressional Republicans continue to fight over issues from spending to guns, the electorate is backing the president on most issues, according to a new Washington Post poll.
As Congressional Republicans and President Barack Obama begin to clash over the raising of national debt ceiling, a plan relying on one or two coins save the nation has started to gain momentum.
As Republicans in Congress prepare for a major fight with Senate Democrats and President Barack Obama over the economic future of the country; the eurozone is painting a very dark picture of what could lie ahead if America takes the wrong path.
The smoke has barely cleared from the prolonged fight over the fiscal cliff on Capitol Hill, but already Congressional leaders and the White House are drawing lines in the sand over the debt ceiling.
The bill to avert some of the fiscal cliff finally passed the House of Representatives late Tuesday night and did so with a largely bipartisan vote, especially from the Florida Congressional delegation.
The outline of a deal to avoid the so-called "fiscal cliff" is reportedly been made in the Capitol with just hours to go until the end of 2012.
Enjoy clearer vision with new prescription eyeglasses or sunglasses during Zenni Optical's 4th of July sale.
Hurricane Beryl ripped doors, windows and roofs in homes across the southeast Caribbean after making landfall on the island of Carriacou as a Category 4.
Drivers caught trying to beat a train will now face fines, community service hours, and points on their license
When some 20 inches of rain fell on parts of South Florida last month Michelle Eichennerger knew it was not looking good for her in Hollywood as flood waters around her home were rising.
Miami police are asking for the public's help for any information that will lead to the arrest of the person or persons who shot a man dead in Liberty City in plain daylight.
Drivers caught trying to beat a train will now face fines, community service hours, and points on their license
When some 20 inches of rain fell on parts of South Florida last month Michelle Eichennerger knew it was not looking good for her in Hollywood as flood waters around her home were rising.
Miami police are asking for the public's help for any information that will lead to the arrest of the person or persons who shot a man dead in Liberty City in plain daylight.
Florida officials announced Monday the reopening of the My Safe Florida Home program's grant application portal.
July 4th gives us reasons to celebrate
The American Automobile Association said this is a dangerous time of year for young drivers.
Florida insurance companies made money last year for the first time in seven years.
The U.S. Supreme Court is scheduled Sept. 26 to discuss whether it will hear a First Amendment challenge to a 2021 Florida law that placed restrictions on major social-media companies.
The number of people traveling to Florida during the second quarter of 2023 decreased compared to a year earlier, according to estimates released Wednesday by the state's tourism-marketing agency.
Gov. Ron DeSantis on Monday said Walt Disney Parks and Resorts should drop a federal lawsuit that claims retaliation by the state and accept changes to a special district that long benefited the theme-park giant.
The Supreme Court on Monday ruled that former President Donald Trump is entitled to immunity from federal prosecution for official actions he took while in office.
The Supreme Court was reviewing the constitutionality of laws regulating social media companies from Texas and Florida.
"Joe Biden is not going to take himself out of this race – nor should he," Maryland Gov. Wes Moore said Sunday.
Some Democrats question Biden's ability to campaign in the 2024 presidential election, divide over whether he should be the nominee, after voters say Trump won debate.
Two politicians known to be on Donald Trump's vice presidential list are from Florida, where the former president also now lives.
Jim DeFede interviews Democrat Joe Saunders, who now finds himself with a last-minute challenger, his aunt Maureen Saunders Scott, who is demanding to be on the ballot as Moe Saunders.
Jim DeFede discusses the cuts with former Miami Beach Mayor Dan Gelber and Michel Hausmann, the artistic director of Miami New Drama.
Jim DeFede devotes the entire half-hour to social media influencer Alex Otaola, who wants to be the next mayor of Miami-Dade County.
Jim DeFede talks with a Miami Herald reporter who was inside the courtroom and provides us with a first-hand account of exactly went on, where cameras were not allowed.
Jim DeFede talks to Jason Pizzo, who represents the district where the greatest flood impacts were felt this week: coastal Miami-Dade and Broward Counties.
The FDA said its study better simulated how commercial milk processing kills the bird flu virus, H5N1.
The LB.1 variant makes up close to 1 in 5 new COVID cases, the CDC estimates.
The advisory issued by Dr. Vivek Murthy came as the U.S. grappled with another summer weekend marked by deadly mass shootings.
Black Americans are twice as likely to have Alzheimer's disease, and face greater impacts of caregiving burnout and financial stress.
Portable battery chargers recalled after 120 reports of the product overheating, safety watchdog warns.
Enjoy clearer vision with new prescription eyeglasses or sunglasses during Zenni Optical's 4th of July sale.
If you have limited laundry room space, there are a variety of stacked washer and dryer units that are perfect.
Boost your grilling game this 4th of July and all summer long with a new Traeger grill. They're on sale now.
Add some mood lighting to your home with these fun Govee smart lights that you can save on right now.
Check out these incredible appliance deals available during LG's July 4th sale.
The American Automobile Association said this is a dangerous time of year for young drivers.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
There are two sales tax holidays for hurricane supplies
Has mom and dad's bank been open too long at your house?
One consumer reported suffering a dental injury after eating Trader Joe's Chicken, Lentil & Caramelized Onion Pilaf product.
All over Florida, arts groups are scrambling to plug large budget gaps after Florida Gov. Ron DeSantis unexpectedly vetoed $32 million in arts funding.
Martin Mull came to national fame with a recurring role on the Norman Lear-created satirical soap opera "Mary Hartman, Mary Hartman," and the starring role in its spinoff, "Fernwood 2 Night."
The original 1997 illustration for the front of the first Harry Potter book has set a record for Potter-themed memorabilia on the auction block.
"CBS News 24/7," a daily flagship show featuring live reporting from CBS News and Stations' local-to-global newsrooms, brings viewers a dynamic and immersive news experience.
In 1999, a series about a New Jersey crime family premiered on HBO; it would change television. Series creator David Chase, and stars Edie Falco, Steven Van Zandt, Michael Imperioli and Steve Schirripa, discuss the personal and cultural impact of "The Sopranos."