As inflation cools, workers "are getting ahead," Treasury's Yellen says
"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.
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"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.
"We're not messing around," Union chief Shawn Fain said in setting Friday deadline unless talks progress with Big Three automakers.
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
To pass their debt ceiling deal, House Speaker Kevin McCarthy and President Joe Biden will now have to sell it to their respective parties.
House Speaker Kevin McCarthy says Republican negotiators are "closer to an agreement" that would resolve the looming debt crisis, but there's no deal yet with President Joe Biden.
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
The treasury secretary also told G-7 finance ministers and central bank chiefs meeting in Japan that a first-ever U.S. default on its debts is "unthinkable."
The treasury secretary moved up her estimate of when the U.S. risks defaulting on its debt.
The treasury secretary says the plan would be set in motion if additional collapses trigger a run on banks.
"Americans can feel confident that their deposits will be there when they need them," the treasury secretary is expected to tell Congress Thursday.
The collapse of Silicon Valley Bank is the largest of a financial institution since the failure of Washington Mutual in 2008.
The treasury secretary warned household payments on mortgages and auto loans would go up, and other payments to military families and seniors would not be made.
Janet Yellen is set to unveil the first U.S. currency bearing her signature, marking the first time that U.S. bank notes will bear the name of a female treasury secretary.
An investigation is underway after a shooting on a Sacramento freeway grazed a person early Thursday morning.
The incident happened one day after a blast caused by another improvised landmine killed two Mexican soldiers and wounded five others.
The new goal is part of the Paris Agreement, under which member nations must update their emission cut targets every five years.
A Powerball ticket worth nearly $1.4 million sold at a Sacramento area gas station, according to the California State Lottery.
Hundreds gathered outside of Pitman High School in Turlock for a candlelight vigil Wednesday night, remembering three members of the Lourenco family killed in a crash on Sunday.
Hundreds gathered outside of Pitman High School in Turlock for a candlelight vigil Wednesday night, remembering three members of the Lourenco family killed in a crash on Sunday.
The move is in response to growing concerns over bird flu cases in the state and across the country.
With just over three months to go from the A's playing their first baseball game in West Sacramento, the city is bracing for a lot more cars and traffic.
An investigation is underway after a shooting on a Sacramento freeway grazed a person early Thursday morning.
The incident happened one day after a blast caused by another improvised landmine killed two Mexican soldiers and wounded five others.
For the first time ever, the X Games will call Sacramento home and will be held in the city from 2025 through 2027, officials announced Thursday.
Sacramento police say of the city's 6,000-plus meters, more than 1,300 have been damaged in the past three months.
A number of prominent Sacramentans have called the place home.
One family from South America is making Sacramento their new home thanks to United Way's literacy tutoring program.
A husband and wife were left in critical condition following a house fire in Sacramento, officials said Tuesday.
An 8-month-old girl died and three adults were injured in a crash in California's Central Valley on Tuesday night, the California Highway Patrol said.
The U.S. Environmental Protection Agency on Wednesday granted California its request to enforce vehicle emissions standards stricter than federal rules, including the state's ban on sales of new gasoline-powered cars.
California Gov. Gavin Newsom issued an emergency proclamation on Wednesday in response to growing concerns over bird flu cases in the state and across the country.
Researchers say the study "fundamentally changes our understanding of ground squirrels."
Officials say "clear indicators of arson" have been found in the investigation into what started the fire that destroyed the historic Bidwell Mansion in Chico.
Sacramento State football is reportedly set to bring on University of Nevada, Las Vegas assistant coach Brennan Marion to lead its program.
The teams exchanged leads seven times over the final 75 seconds, with Murray nailing the game-winner 10 seconds after DeMar DeRozan put the Kings (13-14) in front with a baseline dunk.
ESPN's Adam Schefter reported Monday that the Hornets are "in discussions" to bring on Michael Vick to lead the program.
The San Francisco 49ers have suspended linebacker De'Vondre Campbell for the final three games of the regular season after he refused to enter a game after losing his starting job.
The Athletics have added another option for their refurbished rotation, acquiring Jeffrey Springs in a multiplayer trade with the Tampa Bay Rays.
The new goal is part of the Paris Agreement, under which member nations must update their emission cut targets every five years.
Sacramento Mayor Kevin McCarty campaigned in support of extending city manager Howard Chan's contract. But in his first action as mayor, he opposed the extension.
The 43-year-old heiress and actor has testified about her own experience as a teenager at treatment facilities.
The Supreme Court on Wednesday said it will take up a challenge to a new law that could lead to a ban on TikTok in the U.S.
"People deserve to know upfront what they're being asked to pay," FTC Chair Lina Khan said in announcing crackdown on certain consumer fees.
California Gov. Gavin Newsom issued an emergency proclamation on Wednesday in response to growing concerns over bird flu cases in the state and across the country.
Cases now reported in eight states related to Yu Shang Food products sold online and at stores nationwide, officials say.
At least 364 pertussis cases were reported, marking the worst Thanksgiving week on record.
Feds warn against eating multiple products containing the vegetable, including salads, wraps, party trays and meal kits.
A California farm expanded a recall of raw milk sold in stores and halted production after state health and agriculture officials found bird flu virus in more milk samples.
A Fairfield couple had their home insurance policy canceled because of a photo taken from high above their residence. They called Kurtis when they thought the insurance carrier got it wrong.
Inflation and California's higher wages are driving up the cost of dining out, but the Call Kurtis team has found some relief for your wallet in the form of discount gift cards for restaurants.
A Sacramento mother is seeking answers—and justice—after discovering that her daughter's grave was moved without her knowledge.
A Lodi animal rescue and adoption agency said someone hijacked their Facebook page and is using it to rip people off. They reached out to the Call Kurtis team to look into it.
A Folsom viewer said a credit reporting agency is refusing to remove a debt that isn't hers. She reached out to the Call Kurtis team for help.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
No one — not the Governor's Office, the CHP task force, nor the attorney general — can tell us how many of the people arrested by California's Organized Retail Crime Task Force were sentenced, let alone how many went to jail, received treatment, or re-offended.
CBS News California examined retail theft rates in California and whether the high-profile Proposition 36 would help combat those crimes.
The CHP captain accused of workers' compensation fraud was the commander in charge of the fatal Mahaney Park shootout in Roseville, three officers who worked under him at the time of the shootout confirmed.
CBS News California takes a closer look at the drug component of the high-profile Proposition 36 to fact-check claims about the ballot measure from supporters and opponents.
No one wants to think about death. However, it's important to plan on what happens to your digital assets after you die.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The family contacted CBS13 and the Call Kurtis consumer investigative team to look into the matter.
The fire prompted a massive response from crews across the state, including five strike teams out of Auburn in Placer County.
The goal is to attract more women to the profession.
A new wildfire burning near the Nevada and Placer county line has forced officials to issue mandatory evacuations in both counties on Saturday.
As wildfires rage across California, new research reveals an alarming impact on one of the region's most vital industries: agriculture.
California voters will be asked to authorize the state to borrow $10 billion to pay for climate and environmental projects, including wildfire prevention.
A high school senior and his girlfriend dressed up as Santa and Mrs. Claus and handed out gifts to every student at their school, Marysville Charter Academy for the Arts.
It was a day of conquering fears and overcoming odds at the Sacramento Deep Water Channel this weekend. People living with physical disabilities got an opportunity to feel the exhilaration of setting sail.
A nutrition program to get kids excited about healthy eating in Yuba City is seeing success and now the farm-to-school program will be growing not just food but in size and opportunity.
Kids and teens in Stockton are flocking to a program that's offering them the opportunity of a lifetime.
More than one hundred customers came out to celebrate the grand reopening of a restaurant that's been around for seven decades.
Sacramento Kings players, as well as Slamson, handed out gift cards to shoppers at Raley's.
With just over three months to go from the A's playing their first baseball game in West Sacramento, the city is bracing for a lot more cars and traffic.
It was a surprise reunion for firefighters at Sacramento Station 6 who met the baby they helped save after her mother delivered her on the side of Highway 99 in June of 2024.
Three people were taken to the hospital after a five-vehicle crash on Highway 99 just north of Yuba City closed the highway in both directions on Wednesday afternoon, the California Highway Patrol said.
Many people gathered in Turlock to remember a teacher and her husband and daughter who were killed in a crash over the weekend.