Trump's plans could reignite inflation, Nobel Prize-winning economists say
Economists including Joseph Stiglitz and Robert Shiller are signatories on a letter cautioning that Trump's plans could harm the U.S. economy.
Economists including Joseph Stiglitz and Robert Shiller are signatories on a letter cautioning that Trump's plans could harm the U.S. economy.
Older Gen Xers are turning 59 ½ this month, when they can withdraw retirement assets without a penalty. But many don't have enough saved.
Nearly a third of the academic and graduate student workers of the University of California are on strike after the union of 48,000 employees escalated its labor standoff by walking off the job at UCLA and UC Davis Tuesday morning.
Many Americans are increasingly skeptical about the value of a college degree. Here's what the income and wealth data shows.
California added more than 50,000 jobs in April two years ago, but the state only added 5,200 jobs this past April. It's a troubling trend that some experts are concerned about how it impacts small business owners.
California lawmakers on Thursday voted to keep hundreds of bills from advancing for a floor vote during a tough budget year.
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
From rock concerts to food festivals, tourists attending Sacramento events are providing a big boost to the local economy.
Dozens of Google workers who were fired after protests over the technology company's lucrative contract with the Israeli government on Monday filed a complaint with labor regulators in an attempt to get their jobs back.
Google confirmed it has fired additional employees for being involved in protests at the tech company's Sunnyvale and New York City offices to oppose a $1.2 billion contract with Israel.
Wall Street is closely watching the jobs report and next week's inflation data to predict when the Fed might cut rates.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
California's unemployment rate is now the highest in the country.
The 40-hour workweek has been standard in the U.S. for more than eight decades. Now, some members of Congress want to give hourly workers an extra day off.
It was a decade ago when Sacramento first broke ground on downtown's Golden 1 Center, and research is showing the growing impact it's having on the local economy.
Economic issues hit Sesame Street, as Cookie Monster takes to social media to complain his favorite food is getting smaller.
"Americans should feel confident that inflation will come down to levels that will no longer really be noticeable or worrisome to them," Yellen told CBS News.
Air quality is worsening across much of the U.S., exposing millions of people to health problems and threatening the U.S. economy.
Although U.S. unemployment remains near a 50-year low, job losses have surged this month. Here's what tells about the state of the labor market.
UPS will lay off 12,000 workers and says it is ordering employees to return to the office five days a week.
Faculty at California State University could stage a systemwide strike later this month after school officials ended contract negotiations with a unilateral offer of a 5% pay raise, far below what the union is demanding.
Faculty at California State University could stage a systemwide strike later this month after school officials ended contract negotiations with a unilateral offer of a 5% pay raise, far below what the union is demanding.
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
Buying a home in today's housing market continues to prove difficult with prices out of reach for many.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
A long-duration heat wave begins on Monday with valley highs soaring above 100 degrees through the upcoming weekend. These will be some of the hottest temperatures we've seen not only this year but since 2022 for most of Northern California.
Captain Justin Sylvia, Sacramento Fire Department Public Information Officer, said remembering a life vest on the water is one of the most important things you can do.
Business 80 was shut down as firefighters were battling a grass fire near Cal Expo on Sunday afternoon in Sacramento.
Pacific Gas & Electric (PG&E) has alerted Yolo County and several other Northern California counties about a potential Public Safety Power Shutoff (PSPS) on Tuesday to help prevent a wildfire.
Does wearing a face mask help to prevent COVID? Four years after the pandemic began, here's what scientists have learned.
Business 80 was shut down as firefighters were battling a grass fire near Cal Expo on Sunday afternoon in Sacramento.
Pacific Gas & Electric (PG&E) has alerted Yolo County and several other Northern California counties about a potential Public Safety Power Shutoff (PSPS) on Tuesday to help prevent a wildfire.
A long-duration heat wave begins on Monday with valley highs soaring above 100 degrees through the upcoming weekend. These will be some of the hottest temperatures we've seen not only this year but since 2022 for most of Northern California.
Captain Justin Sylvia, Sacramento Fire Department Public Information Officer, said remembering a life vest on the water is one of the most important things you can do.
Does wearing a face mask help to prevent COVID? Four years after the pandemic began, here's what scientists have learned.
From one capital city to another, the Supreme Court ruling handed down Friday would allow cities like Sacramento to implement civil punishments to eliminate homeless encampments.
Sacramento will now have more enforcement power over the homeless in public places. With the Supreme Court ruling, homeless individuals could face fines, charges or jail time if they don't comply with city guidelines.
A Sacramento high school girls robotics team is fresh off their trip to the championships, placing fifth internationally. The St. Francis High School Team was excited to return home to a new robotics lab on campus.
Sacramento County received more than 1,500 complaints over fireworks last year. Now, there is a new push to stop illegal fireworks at the border before they are ever brought into California.
Summer festivals, fairs, concerts, and outdoor water activities draw in crowds, and like many other big cities, Sacramento usually experiences an increase in crime during this time.
California lawmakers have unveiled two bond measures that would go to voters in November.
Gov. Newsom Saturday signed a state budget to close an estimated $46.8 billion deficit through $16 billion in spending cuts and business tax increases.
A California law that bans drilling new oil wells near places like homes and schools will likely take effect in the coming days.
The California Legislature has approved a proposal to remove an exemption for involuntary servitude from the state constitution.
An Oakland firefighter who lived with his family in Sacramento drowned early Thursday morning while swimming in the ocean off a San Diego beach, fire officials said.
Orlando Cepeda, the slugging Hall of Fame first baseman and Giants great nicknamed "Baby Bull," has died at 86.
A big high school basketball tournament in Roseville is part of Placer County's push to increase sports tourism in the area.
Dick Vitale announced that a biopsy of a lymph node in his neck showed cancer.
The lawsuit against the NFL covered 2.4 million residential subscribers and 48,000 businesses who paid for the "Sunday Ticket" package of out-of-market games.
The Sacramento Kings used the No. 13 selection in the 2024 NBA Draft to select Providence's Devin Carter, a 22-year-old who averaged nearly 20 points per game during his final college season.
California lawmakers have unveiled two bond measures that would go to voters in November.
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.
Gov. Newsom Saturday signed a state budget to close an estimated $46.8 billion deficit through $16 billion in spending cuts and business tax increases.
The Biden campaign says President Biden will "absolutely not" step aside.
A math error that was never corrected led to the Sacramento County Board of Supervisors giving themselves a 36% raise in 2023, according to the 2023-2024 Sacramento County Grand Jury report released on Friday.
Cones, chocolate bars and gummies sold nationwide found to contain toxic levels of chemical found in some mushrooms.
"We can serve payers very effectively from the footprint that remains," CEO Tim Wentworth says of the coming Walgreens closures.
Almost 400 water systems serving nearly a million Californians don't meet state requirements for safe and reliable drinking water supplies.
Ice cream maker Totally Cool said the recalled products could be tainted with listeria, which can cause serious and sometimes fatal infections.
Nearly 7 million Americans live with Alzheimer's, a disease that's not only tough on the patient but also on their family. CBS13 has one family's story and message they have for others going through the same thing.
The SUV was supposed to be shipped from Idaho to Yuba City within three days. The dealer kept changing the delivery date, blaming a shipping issue. With his baby's due date approaching, Deandre Hobbs grew impatient.
Popular restaurant chain Rubio's Coastal Grill announced it was shuttering dozens of locations across the state, and now employees say they are having trouble cashing their final paychecks.
As insurance companies drop more California homeowners over the state's fire risk, some are predicting the next crisis is a drop in home values.
Phyllis Simmons died months after the solar panels were installed.
The town of Loomis geared up for a major grand opening with Thursday marking the official opening of a new Costco.
Emails obtained by CBS News California Investigates reveal the Governor's Chief of Staff did not want to negotiate with the initiative coalition unless they agreed to postpone their ballot measure until 2026.
Amid concerns that some felony defendants could be misusing California's Mental Health Diversion Court to have their violent crimes dismissed, a CBS News California investigation found that there is no reliable data to indicate how successful the state program is.
In response to a CBS News California Investigation, California lawmakers are demanding answers from Caltrans and considering legislation to fix Caltrans' damage claim process.
A CBS News California investigation finds Caltrans only approved 1 out of every 25 damage claims from potholes and debris in the first half of 2023.
Caltrans is denying more freeway damage claims, approving fewer than 10% over the last five and a half years. How many have they approved in your county and which highways are the worst?
The SUV was supposed to be shipped from Idaho to Yuba City within three days. The dealer kept changing the delivery date, blaming a shipping issue. With his baby's due date approaching, Deandre Hobbs grew impatient.
The California DMV expanded its digital services so you can take care of business without going into a branch office.
As insurance companies drop more California homeowners over the state's fire risk, some are predicting the next crisis is a drop in home values.
The majority of Americans can't afford an emergency expense of a thousand dollars. We looked for a fun way to start saving.
Phyllis Simmons died months after the solar panels were installed.
The forward progress of a fire in El Dorado County that forced people to evacuate their homes on Saturday afternoon has been stopped and all evacuation orders and warnings have been lifted.
Firefighters are working on a grass fire that quickly spread to four acres and is threatening structures on Saturday afternoon.
The forward progress of a fire near the Corral Fire burn scar in San Joaquin County has been stopped after burning 100 acres on Thursday afternoon.
This year's fire season has some officials worried following last year's unusually low fire activity.
Evacuations for the Apache Fire in Butte County were lifted Tuesday night.
A celebration at Sacramento Charter High on Thursday as college-bound seniors announced their campus of choice and 95% were accepted into four-year schools.
A bank employee in Lodi has some big bragging rights. He's never missed a day of work in his 47 years on the job and now he's getting ready to retire.
Meet Frannie the dog, Instagram's newest fitness influencer.
A Yuba City mom started a baseball team for kids with physical and intellectual disabilities after finding her 11-year-old son with Down Syndrome didn't have anywhere to play.
A Sacramento nonprofit is teaming up with a local credit union to give back so seniors can safely do basic tasks like bathing or exercising. Those lending a helping hand are also a group of seniors.
Malik Monk, who recently resigned Sacramento Kings, hosted a basketball camp in Rocklin.
We have six straight First Alert Action Days coming as a heat wave moves through this holiday week.
Captain Justin Sylvia, Sacramento Fire Department Public Information Officer, said remembering a life vest on the water is one of the most important things you can do.
Business 80 shut down as firefighters battled a grass fire near Cal Expo on Sunday afternoon in Sacramento.
The forward progress of a fire in El Dorado County that forced people to evacuate their homes on Saturday afternoon has been stopped and all evacuation orders and warnings have been lifted.