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.
Community members continue to protest the Sacramento sheriff's decision to no longer respond to certain mental health calls for help.
A motorcyclist died after a collision with a car sent him off the side of Sacramento freeway, authorities said Tuesday.
Soderstrom went deep with nobody out in the first off White Sox starter Sean Burke (1-3) for a 3-0 lead.
Bryce Harper and J.T. Realmuto homered, and Bryson Stott and Max Kepler added two hits apiece as the Phillies beat the Giants on Tuesday night.
Voicing concern and offering a solution, residents in Penryn are pushing to move a proposed affordable housing project that would more than double the small town's population.
Sanders and AOC held a campaign-style rally at Folsom Lake College as they crisscross Western states for the tour.
Newsom reports that Canadian tourism in California is down 12% compared to a year ago.
A motorcyclist died after a collision with a car sent him off the side of Sacramento freeway, authorities said Tuesday.
Community members continue to protest the Sacramento sheriff's decision to no longer respond to certain mental health calls for help.
Soderstrom went deep with nobody out in the first off White Sox starter Sean Burke (1-3) for a 3-0 lead.
A motorcyclist died after a collision with a car sent him off the side of Sacramento freeway, authorities said Tuesday.
Sacramento police said Monday night they were searching for multiple persons of interest after a woman was found dead.
A house fire in the south Sacramento area left one firefighter hospitalized, officials said.
A spike in crime in midtown Sacramento is impacting small businesses. A suspect is in custody and business owners are facing thousands of dollars in damages.
Maria Shriver made a return to Sacramento Tuesday evening as hundreds of people came out to hear her speak about her career and her family memories.
Newsom reports that Canadian tourism in California is down 12% compared to a year ago.
The move will ensure coverage through June for 15 million people, including immigrants, who receive health care via the program.
Authorities are searching for an inmate who walked away from a Northern California conservation camp on Thursday.
A painting worth tens of millions of dollars was stolen by the Nazis during World War II and the fight to get it back recently made it to the U.S. Supreme Court.
Legendary late-night talk show host Jay Leno visited the California State Capitol on Tuesday to help push a proposed rolling exemption from smog checks for classic cars.
Soderstrom went deep with nobody out in the first off White Sox starter Sean Burke (1-3) for a 3-0 lead.
Bryce Harper and J.T. Realmuto homered, and Bryson Stott and Max Kepler added two hits apiece as the Phillies beat the Giants on Tuesday night.
Aaron Judge was appointed U.S. captain for next year's World Baseball Classic, team manager Mark DeRosa announced Monday.
Willy Adames and Mike Yastrzemski homered, and Tyler Fitzgerald also went deep, doubled and tripled to lead the Giants to a 10-4 win over the Phillies.
Rory McIlroy won a sudden-death playoff to finally win the Masters and take his place in golf history as the sixth player to claim the career Grand Slam.
Newsom reports that Canadian tourism in California is down 12% compared to a year ago.
Sanders and AOC held a campaign-style rally at Folsom Lake College as they crisscross Western states for the tour.
President Trump says "we are looking into" how to send Americans to foreign prisons.
Former President Joe Biden spoke at the Advocates, Counselors, and Representatives for the Disabled conference in Chicago about Social Security.
Under a program known as CHNV, migrants from Cuba, Haiti, Nicaragua and Venezuela were allowed to fly to the U.S. after securing a sponsorship from U.S.-based individuals.
A majority of the agency's COVID-19 vaccine work group now backs narrower "risk-based" recommendations.
CDC experts were not made available to discuss the findings showing a rise in autism prevalence.
The move will ensure coverage through June for 15 million people, including immigrants, who receive health care via the program.
A teen stroke survivor speaks on life-changing brain surgery and aspirations to become a doctor
Steep cuts to the agency's workforce had disrupted drug and food safety inspections.
Finding the perfect dress isn't easy, but now, selling them could become a lot more challenging.
This weekend, Placer County is hosting its annual Sip Into Spring event, offering free or discounted tastings at more than 20 wineries along what's known as the Placer Wine Trail.
From fruits and veggies to car parts, economists project that businesses will pass along the cost of the tariffs to customers.
An economic blackout was underway Friday as activists nationwide encouraged people not to spend their money at large corporations, retailers and fast-food chains for 24 hours.
San Joaquin County's retail theft reporting app has only been around for six months and is already bringing a sense of calmness to local business owners.
As more people in California lose private insurance, the state's FAIR plan is filling up with homes in places the industry itself has classified as low-risk for wildfire.
Once thought of as a small, rarely-used backstop, the FAIR Plan is now one of the largest insurers in the state, and people without FAIR Plan insurance are the ones on the hook for the FAIR Plan's debt. Yet the FAIR Plan is still cloaked in secrecy.
In an exclusive interview, Huskins and Quinn take us through his interrogation, showing us step-by-step how old-school interrogation training led to their "American Nightmare."
As California faces the largest insurance crisis in the state's history, there is still no leader of the state Senate Insurance Committee. Half committee members are new to the committee, the committee staff is new, and arguably, the most experienced and qualified person in the Senate to lead this committee is embroiled in a federal corruption investigation.
In an exclusive interview with CBS News California, Denise Huskins and Aaron Quinn reveal the timeline of Matthew Muller's cold-case crimes. Crimes they helped solve. The survivors detail how it took a decade, a documentary, a small-town chief, and a rural district attorney to get anyone to listen.
CBS13 and the Call Kurtis consumer investigative team devised an idea on how to lower what consumers owe on their credit cards -- and it begins with a simple phone call.
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.
A Butte County family is suing the California FAIR Plan and the underlining carriers after smoke damage claims made as a result of the Park Fire were denied.
Cal Fire released its new fire hazard severity maps, including for Sacramento, detailing which areas are at high risk of fires.
The U.S. Department of Agriculture and the U.S. Forest Service are joining forces with Sierra Pacific Industries, a major lumber company, in a $75 million partnership to build and maintain fuel breaks throughout California and Oregon.
Research is just beginning on the impacts that the Palisades and Eaton wildfires in Southern California had on the health of first responders.
Federal funding cuts to the U.S. Forest Service are raising concerns in Placer County about whether there will be enough resources to prevent wildfires.
A Sacramento-area middle school history and English teacher is in the running to win big as America's Favorite Teacher, a title her students think she is more than worthy of being awarded.
Junior Romello Bruhn of Woodland Christian High School is closer than ever to scoring 3,000 career points, something only 13 high school athletes have accomplished in California state history.
Cake, candles, chicken and a cow are the recipe for a 90th birthday celebration at the Madison Avenue Chick-fil-A for a long-time customer who has become a staple in the Sacramento community.
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.
Community members continue to protest the Sacramento sheriff's decision to no longer respond to certain mental health calls for help.
Sanders and AOC held a campaign-style rally at Folsom Lake College as they crisscross Western states for the tour.
Hunter Sowards breaks down what is in the lawsuit.
Esteban Reynoso reports.
A motorcyclist died after a collision with a car sent him off the side of Sacramento freeway, authorities said Tuesday.