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.
While President Biden called the debt ceiling bill a win, Republicans running for president in 2024 had a difference interpretation.
As President Biden celebrates the budget agreement, his potential 2024 GOP challengers are on the campaign trail.
President Biden delivered remarks from the Oval Office Friday night after Congress passed bipartisan legislation to suspend the U.S. debt limit until 2025. Watch his address in this CBS News Special Report, with analysis from Margaret Brennan and Nancy Cordes.
Congress agreed to raise the debt ceiling, averting what experts said could have been an economic crisis.
The president spoke less than 24 hours after the Senate approved the agreement in a bipartisan vote.
The Senate passed legislation suspending the debt ceiling, sending the bill to President Biden's desk to avoid a U.S. government default that would have caused economic chaos.
The move suspends the nation's debt limit for two years. CBS2's Dick Brennan has the breaking details.
The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
The House of Representatives voted Wednesday night to pass a bill that will suspend the debt limit and avoid a catastrophic default. It now heads to the Senate. CBS News congressional correspondent Scott MacFarlane reports from Capitol Hill.
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
Rep. Thomas Massie broke with two other conservatives on the House Rules Committee to advance the legislation to the House floor.
Congress stands at odds about the deal reached between President Biden and House Speaker McCarthy, but it must pass by June 5 to avoid the government defaulting on its bills.
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
CBS2's Cristian Benavides has more on what's in the deal.
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.
President Joe Biden and House Speaker Kevin McCarthy announced late Saturday that they had reached an agreement in principle to raise the debt ceiling. Democratic House Minority Leader Hakeem Jeffries tells "Face the Nation" that he expects his caucus to vote for the deal because it "protects" Social Security, Medicare, Medicaid, veterans and the "American people."
Congress will have to pass the deal to raise the country's debt limit and avoid a potential catastrophe for the economy.
President Joe Biden and House Speaker Kevin McCarthy reached the agreement just days before the default deadline. CBS2's Cristian Benavides reports.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
With a June 5 deadline looming, negotiations are continuing in Washington this weekend. CBS2's Cristian Benavides reports.
The deadline to make a deal on the debt ceiling has been extended to June 5 as House Republicans and the Biden administration negotiate. Christina Ruffini has more.
Time is running short for House Republicans and the White House to reach an agreement on the debt ceiling to avoid default.
CBS News Business Analyst Jill Schlesinger is here to explain and share some tips to prepare.
A desperate search is ongoing for a missing vulnerable adult from Roosevelt Island.
The owners of a Long Island rental home were sentenced to probation and community service Thursday in connection to a 2022 fire that killed two sisters.
Prosecutors have called more than a dozen witnesses so far in the trial of Daniel Penny, the Marine veteran charged in the chokehold death of 30-year-old Jordan Neely on board the subway last year.
Democrats have watched their margin of victory shrink in New York City in three consecutive general elections.
Four years after the heartbreaking death of 8-year-old Thomas Valva, change is coming to the Suffolk County department blamed for ignoring repeated reports of abuse.
A desperate search is ongoing for a missing vulnerable adult from Roosevelt Island.
Prosecutors have called more than a dozen witnesses so far in the trial of Daniel Penny, the Marine veteran charged in the chokehold death of 30-year-old Jordan Neely on board the subway last year.
Democrats have watched their margin of victory shrink in New York City in three consecutive general elections.
Four years after the heartbreaking death of 8-year-old Thomas Valva, change is coming to the Suffolk County department blamed for ignoring repeated reports of abuse.
Staten Island's Wu-Tang Clan is being celebrated by the New York City Department of Transportation with limited edition "Wu-Tang Clan District" street signs.
Connecticut election results show Vice President Kamala Harris won the state, and Sen. Chris Murphy was reelected, CBS News projects.
This Election Day is expected to be one of our warmest ever on record for New York City and the surrounding area.
Here's how to find your polling location for Election Day 2024 in New York, New Jersey and Connecticut.
Here's when polls opened and closed Tuesday for Election Day 2024 in New York, New Jersey and Connecticut.
A warming trend starts Monday around the NYC area, with record-breaking temperatures expected later this week.
Roads are closed around the Black Run Preserve in Evesham Township, New Jersey as the Bethany Run wildfire burns.
Two New Jersey Democrats made history on Tuesday, but vote margins in the state are reasons for some concern.
Fire officials said the conditions in New Jersey are the driest they've seen in the history of their department.
As part of our #BetterTogether initiative, we are partnering for the third year with the Community Food Bank of New Jersey to help feed families this holiday season.
New Jersey election results show Vice President Kamala Harris won the state, and Rep. Andy Kim won former Sen. Bob Menendez's seat, CBS News projects.
The owners of a Long Island rental home were sentenced to probation and community service Thursday in connection to a 2022 fire that killed two sisters.
Four years after the heartbreaking death of 8-year-old Thomas Valva, change is coming to the Suffolk County department blamed for ignoring repeated reports of abuse.
New York State Police say they are now conducting two investigations into Long Island State Trooper Thomas Mascia, who claimed he was shot in the leg while on the job last week.
New York Sen. Kirsten Gillibrand has won her bid for reelection against Republican challenger Mike Sapraicone, CBS News projects.
Democrat Laura Gillen has declared victory over Anthony D'Esposito in New York's 4th Congressional District. CBS News has not projected a winner.
Democrats have watched their margin of victory shrink in New York City in three consecutive general elections.
Giuliani got a tongue lashing Thursday in federal court after missing a deadline to turn over valuables to two election workers he defamed. He owes the women $148 million in damages.
Incumbent Rep. Marc Molinaro and Josh Riley are facing off for New York's 19th Congressional District.
President Biden addressed the nation on the election results and the transition of power, with his predecessor set to return to the White House.
A Republican hold on the lower Hudson Valley may help the retain control of the House of Representatives.
The manufacturer of tumblers sold at Wawa stores says it has received four reports of cuts from the product's metal drinking straws.
Decision to cut topping comes as officials work to confirm source of E. coli outbreak linked to McDonald's Quarter Pounders.
Gov. Kathy Hochul on Tuesday announced a $150 million investment in a new state-of-the-art cell and gene therapy hub to be built on Long Island.
Dozens of New York and New Jersey schools are impacted by a recall of meat and poultry products potentially contaminated with listeria.
The worst rates of the infection known as "walking pneumonia" or "white lung pneumonia" are in young children ages 2 to 4 years old.
Staten Island's Wu-Tang Clan is being celebrated by the New York City Department of Transportation with limited edition "Wu-Tang Clan District" street signs.
Brooklyn rapper Tekashi 6ix9ine is one step closer to being released from jail after making a deal with federal prosecutors.
Quincy Jones, the multi-talented music legend who collaborated with everyone from Michael Jackson to Frank Sinatra, has died at 91, his family announced.
Rapper Tekashi 6ix9ine has been arrested in New York City for alleged violations of the conditions of supervised release that were set when he was sentenced several years ago to two years in prison in a racketeering case.
Teri Garr rose from being a background dancer in Elvis Presley movies to co-star in such favorites as "Young Frankenstein" and "Tootsie."
The Atlanta Hawks rallied late to beat the New York Knicks on Wednesday night.
Bo Horvat scored the only goal in a shootout and the New York Islanders rallied past the Pittsburgh Penguins on Tuesday night.
The Steelers have traded for a wide receiver from the Jets and an edge rusher from the Packers before the NFL's trade deadline.
Jake Allen made 31 saves, helping the Devils close their road trip with a 3-0 victory over the Oilers on Monday.
Alperen Sengun had 25 points and 14 rebounds, and the Houston Rockets held on for a 109-97 win over the New York Knicks on Monday night.
A Bronx resident says illegally parked RVs and abandoned vehicles have been an eyesore in his community for years.
PowerUP is a business competition started by the Brooklyn Public Library following economic turmoil in the wake of 9/11.
Harlem School of the Arts students designed and painted four new murals for Wollman Rink.
In the Queens neighborhood known as Little Guyana, preparations are underway for the community's annual Diwali festival.
The Bergen Beach home on East 72nd Street and Avenue K has become a neighborhood attraction.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
New York City officials have accused an e-cigarette distributor of supplying flavored vapes to smoke shops through online sales.
As CBS News New York's Doug Williams reports, residents in some neighborhoods say what Trump spoke about when he visited the borough was on the minds of many.
The annual exhibit of cans of food that are ready to be donated to those experiencing food insecurity is up downtown. CBS News New York's Kristie Keleshian has more from Battery Park City.
CBS News New York's Lonnie Quinn has your seven-day forecast.
A desperate search is ongoing for a missing vulnerable adult from Roosevelt Island. Markeysha Sadlier, a 21-year-old who has autism, hasn't been seen since Nov. 1. CBS News New York's Dave Carlin reports.
