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.
Watch CBS News
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
Even with the signing of the debt ceiling bill over the weekend, there are still concerns about the strength of the U.S. economy
President Biden has signed the bipartisan debt ceiling bill averting a default.
The president spoke less than 24 hours after the Senate approved the agreement in a bipartisan vote.
The majority of Delaware Valley members of Congress voted in favor of legislation that suspends the debt ceiling and limits spending.
President Biden now has until Monday to sign the bill.
The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
The House passed the measure on Wednesday night. Monday is the deadline for the nation to avoid default.
The debt ceiling deal includes a provision to end the pandemic-related federal student loan payment pause
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
With pandemic aid ending earlier this year, some food-stamp recipients are skipping meals or watering down baby formula.
Rep. Thomas Massie broke with two other conservatives on the House Rules Committee to advance the legislation to the House floor.
The debt ceiling deal includes a provision to end the pandemic-related federal student loan payment pause
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
The agreement must go to the U.S. House. If it passes there, it then will go to the Senate.
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.
Time is running short for House Republicans and the White House to reach an agreement on the debt ceiling to avoid default.
Many in our area have strong feelings when talking about the gridlock in Washington over the debt ceiling fight.
Dan Snyder reports.
There is little time left for Congress to pass a bill to raise the U.S. debt ceiling and Thursday Kevin McCarthy appears to have sent home House Republicans for the long Memorial Day Weekend despite not deal yet.
If an agreement isn't reached to prevent the United States from defaulting on its debt, the country could descend into economic disarray, affecting millions of Americans from investors to Social Security beneficiaries.
If the debt ceiling is not raised, economists say millions of Americans could lose their jobs, pushing the country into a recession.
President Biden and House Speaker Kevin McCarthy huddled yet again as the debt ceiling "X" date nears.
Police are searching for a driver involved in a hit-and-run crash early Saturday morning in North Philadelphia that critically injured a man.
Junior Edwards, of Lansdowne, Pennsylvania, was arrested in Philadelphia and charged with killing Catherine and Marisol Nunez.
Today marks the first day of the fall turkey hunting season in Pennsylvania.
The cold front that brought those few sprinkles will also bring considerably cooler temps to the region over the weekend.
A 31-year-old man died after being shot multiple times in West Philadelphia Friday night.
Police are searching for a driver involved in a hit-and-run crash early Saturday morning in North Philadelphia that critically injured a man.
Junior Edwards, of Lansdowne, Pennsylvania, was arrested in Philadelphia and charged with killing Catherine and Marisol Nunez.
Today marks the first day of the fall turkey hunting season in Pennsylvania.
Philly sports fans unite in South Philly this weekend as the Eagles, Sixers and Flyers all have home games. Plus, we're talking star-studded concerts and fall festivals.
A judge rejected billionaire Elon Musk's request to move the Pennsylvania lawsuit against his $1 million giveaway to federal court.
Police are searching for a driver involved in a hit-and-run crash early Saturday morning in North Philadelphia that critically injured a man.
On Friday, President Biden spoke to union workers expressing his administration's historic support for unions.
Officials said a West Chester man was sentenced on Friday after being convicted of abusive sexual contact with a minor while she was asleep on a flight to Philadelphia.
Over 1,000 Special Olympic athletes are in the Philadelphia area this weekend to compete at the Special Olympics Pennsylvania's 36th annual Fall Festival at Villanova University.
A judge rejected billionaire Elon Musk's request to move the Pennsylvania lawsuit against his $1 million giveaway to federal court.
Junior Edwards, of Lansdowne, Pennsylvania, was arrested in Philadelphia and charged with killing Catherine and Marisol Nunez.
Fire crews put out flames at a burning home on Crescent Avenue in West Deptford, New Jersey early Friday morning.
A wildfire in Downe Township, Cumberland County, has burned 120 acres on Thursday night, the New Jersey Forest Fire Service said.
For their wedding at the Burlington County Prison Museum, Michael Meichsner and Jessica Weber celebrated "Beetlejuice."
Voters in Gloucester Township will see a question on the ballot about whether the town should sell its sewer system.
New Jersey and Delaware poll workers have a long list of responsibilities. One of those roles is fashion police.
A shooting in Wilmington, Delaware, left a 22-year-old man dead and three others injured on Thursday afternoon, police said.
Thirty-two states require mail-in ballots to be received on or before Election Day, and some officials are encouraging voters to drop off ballots themselves instead of mailing them.
State police said a man was killed in an accident on I-95 North in Newport, Delaware, on Tuesday night.
All lanes on Interstate 495 North between Terminal Avenue and 12th Street/Brandywine in Wilmington, Delaware, have reopened after a crash Tuesday morning.
Rose Phillips works with Main Street to advocate for the Bucks County breast cancer community all year long.
The manufacturer of tumblers sold at Wawa stores says it has received four reports of cuts from the product's metal drinking straws.
Jefferson Health's new 3D-printed implants offer a life-changing option for patients who need spinal fusion.
Gene therapy has been revolutionary for people and it's also now being used in veterinary medicine.
Stephen Jennings and Samantha Mauser will run for the Children's Brain Tumor Foundation in the New York City Marathon.
The Star-Ledger and several other New Jersey newspapers will end their print publications in 2025.
Montgomery County's Conshohocken Italian Bakery closed for good Sunday after baking up fresh bread, treats and tomato pies for more than 50 years.
The Wells Fargo Center is getting retail upgrades, including expanded clothing options for women and children and two new shopping spaces.
New Jersey-based Spirit Halloween is opening 10 new Christmas-themed stores, with the first opening its doors in October.
Volunteers in Havertown launched a grassroots effort to help those affected by collecting donations to send to survivors in North Carolina.
The 2024 Cooper Norcross Run the Bridge event will shut down the Ben Franklin Bridge for a few hours on Sunday morning.
Interstate 76 in Philadelphia reopened between Montgomery Drive and City Ave after a brush fire on Thursday night.
State police said a man was killed in an accident on I-95 North in Newport, Delaware, on Tuesday night.
All lanes on Interstate 495 North between Terminal Avenue and 12th Street/Brandywine in Wilmington, Delaware, have reopened after a crash Tuesday morning.
Philadelphia City Council has unanimously approved a controversial new bill aimed at keeping cyclists safe and bike lanes clear.
Over 1,000 Special Olympic athletes are in the Philadelphia area this weekend to compete at the Special Olympics Pennsylvania's 36th annual Fall Festival at Villanova University.
On Friday, the Philadelphia Phillies traded former top prospect Scott Kingery to the Los Angeles Angels for cash.
Philly sports fans unite in South Philly this weekend as the Eagles, Sixers and Flyers all have home games. Plus, we're talking star-studded concerts and fall festivals.
Joel Embiid and Paul George will each miss a fifth straight game with knee injuries when the Sixers host Memphis on Saturday.
Philadelphia Flyers winger Matvei Michkov was named the NHL Rookie of the Month for October 2024.
Philly sports fans unite in South Philly this weekend as the Eagles, Sixers and Flyers all have home games. Plus, we're talking star-studded concerts and fall festivals.
"Tabletop for CHOP" is using Dungeons and Dragons and other tabletop games to raise money for Children's Hospital of Philadelphia.
Rapper Young Thug, whose given name is Jeffery Williams, pleaded guilty Thursday to gang, drug and gun charges.
Last year's reigning champs won the 2024 spooktacular house for the Great Halloween Tour of Mt. Holly in Burlington County, New Jersey.
A benefit raising money for relief and recovery efforts in the wake of Hurricanes Helene and Milton will be broadcast Saturday night.
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
Middle school students in Philadelphia got the opportunity to do hands-on learning during the school district's five-day career and technical camp.
With her Girl Talk mentoring program, one Philadelphia teen turned her camp days into a safe space to discuss social issues young girls face every day.
Recent high school graduate Sylvain Farrell says his temporary position at a local clinic is the pathway to a full-time career.
A Philadelphia student won an award from NFL Films for his documentary on bringing back sports teams at his Kensington school.
A group of East Norriton eighth graders took what started as an Earth Day project and made a whole initiative.
From the importance of battleground Pennsylvania to key senate races and securing your ballot, our Siafa Lewis and Natasha Brown are diving into it all from our CBS Philadelphia Virtual Election Studio ahead of the 2024 presidential election.
Wills Eye Hospital's annual "Give Kids Sight" initiative provides free eyeglasses to children in need.
Across Pennsylvania, New Jersey and Delaware, some are being asked to voluntarily conserve water as the region deals with dry conditions after a historic month-plus without rain. Dry brush and fallen leaves are also providing fuel for brush fires and wildfires. Ross DiMattei reports.
The clocks are about to fall back, and the temperature already has. The Philadelphia region will see highs in the low 60s before we climb back up next week, making for an unseasonably warm Election Day, Tammie Souza reports.
Former Drexel president John Fry introduced himself to the Temple University community in a video released by the university. Meanwhile, the Special Olympics Fall Festival is underway after a torch run on Friday. Jan Carabeo has your latest morning headlines with weather from Tammie Souza.