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.
From Sacramento to the White House, here's a look at President-elect Donald Trump's pick for communications director.
Heavy rain is expected to hit San Joaquin County this week, and it's bringing major concerns after a partial levee failure.
Freezing temperatures expected for the valley for the first time this winter season have people in the Sacramento area preparing their homes for what is to come.
"Inside the NBA" will continue on other networks, even though will no longer be airing on TNT at the end of this season.
A Freeze Warning has been issued through Tuesday as our coldest temperatures of the season arrive.
The nonprofit advocacy group Stop Antisemitism gave UC Davis a failing grade.
With winter weather hitting the Sacramento region, the National Weather Service wants to make sure communities are prepared. It is why it changed some of its cold weather alerts this fall.
A woman died at the hospital after she was stabbed in Sacramento County Sunday morning, authorities said.
From Sacramento to the White House, here's a look at President-elect Donald Trump's pick for communications director.
Heavy rain is expected to hit San Joaquin County this week, and it's bringing major concerns after a partial levee failure.
From Sacramento to the White House, here's a look at President-elect Donald Trump's pick for communications director.
Freezing temperatures expected for the valley for the first time this winter season have people in the Sacramento area preparing their homes for what is to come.
The American River Bridge Deck Replacement Project has been in the works for years but neighbors say construction at all hours of the night is becoming unbearable.
Sacramento is slowly inching closer to building a new bridge that could one day expand light rail to Sacramento International Airport.
Tens of thousands of dollars are being given away to aspiring Sacramento filmmakers who are willing to tell their stories on TV.
A Freeze Warning has been issued through Tuesday as our coldest temperatures of the season arrive.
The first case in the U.S. of a more severe strain of mpox was reported in San Mateo County, the California Department of Public Health said.
Elon Musk's social media platform X is suing California over a new state law targeting deceptive, AI-generated election content, claiming that it violates First Amendment free speech protections.
A U.S. Army soldier from Northern California who was captured during World War II and died as a prisoner of war in the Philippines has been accounted for, the Defense POW/MIA Accounting Agency (DPAA) announced Friday.
A Southwest Airlines flight from Oakland to Reno was forced to make an emergency landing in Sacramento Wednesday evening, the second such incident involving a Southwest flight from the Bay Area in as many days.
"Inside the NBA" will continue on other networks, even though will no longer be airing on TNT at the end of this season.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
Geno Smith scored on a 13-yard scramble with 12 seconds remaining and the Seattle Seahawks snapped a six-game losing streak against the San Francisco 49ers with a 20-17 victory.
After scoring 60 points in a losing effort the night before, De'Aaron Fox scored 49 points to lead the Sacramento Kings to a 121-117 win over the Utah Jazz.
Bela Karolyi and his wife Martha defected to the U.S. in 1981, and over the next 30-plus years, became a guiding force in American gymnastics, though not without controversy.
From Sacramento to the White House, here's a look at President-elect Donald Trump's pick for communications director.
President-elect Donald Trump announced he selected former Florida Rep. Matt Gaetz to serve as attorney general.
Two women testified before the House Ethics Committee that Matt Gaetz paid them "for sex," their lawyer told CBS News' Major Garrett.
Mr. Biden has made addressing climate change a key part of his policy agenda.
Democrats are sending persistent appeals to Harris supporters without expressly asking them to cover any potential debts, enticing would-be donors instead with other matters.
The first case in the U.S. of a more severe strain of mpox was reported in San Mateo County, the California Department of Public Health said.
Since Movember started, it's raised over a billion dollars to help fund programs for prostate and testicular cancer as well as suicide prevention.
U.S. Consumer Product Safety Commission issues urgent safety alert after ninth recall of adult bed rails in three years.
Sacramento County is reporting a staggering drop in the number of fentanyl-related deaths so far this year when compared to all of 2023.
Consumer Reports applauds food giant's decision after less-than-expected demand for the meal kits from school districts.
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.
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 Call Kurtis team has found that some companies you may already be doing business with may offer streaming for free, or at deeply discounted rates.
During the last few years, the issue for the real estate market in Sacramento was that few homes were for sale. But, that has changed. Inventory is now up. Unfortunately, demand for that residential inventory isn't.
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.
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.
Pursuing higher education can be challenging for any college-bound student and for former foster youth, doing it alone can seem impossible.
From Sacramento to the White House, here's a look at President-elect Donald Trump's pick for communications director.
Heavy rain is expected to hit San Joaquin County this week, and it's bringing major concerns after a partial levee failure.
Freezing temperatures expected for the valley for the first time this winter season have people in the Sacramento area preparing their homes for what is to come.
Nina Burns reports.
Here is a look at your next seven days of weather!