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.
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After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
The U.S. averted disaster by raising the debt ceiling, but a mild recession is still possible even as job numbers remain hot, according to the head of Bank of America. Mark Strassmann breaks down how the U.S. economy is doing.
President Biden Saturday signed a bipartisan bill that will suspend the nation's debt ceiling and avoid what could have been a catastrophic government default. Christina Ruffini has more.
President Biden will likely sign the debt limit bill later today after the House and Senate approved it this week. It's a win for the president as the 2024 campaign season gets underway in earnest. CBS News Correspondent Wendy Gillette reports from New York.
President Biden delivered remarks from the Oval Office Friday night after Congress passed bipartisan legislation to suspend the U.S. debt limit until 2025. Watch his address in this CBS News Special Report, with analysis from Margaret Brennan and Nancy Cordes.
The president spoke less than 24 hours after the Senate approved the agreement in a bipartisan vote.
The U.S. Senate is now taking up the compromise bill to raise the debt ceiling and avoid a catastrophic default. The House overwhelmingly passed the measure on Wednesday, but there are some grumblings in the Senate. Natalie Brand reports.
Skyler Henry reports on members of the House of Representatives debating the White House debt ceiling deal (5-31-2023)
House Freedom Caucus members are unhappy with the debt ceiling deal between House Speaker Kevin McCarthy and President Biden.
Natalie Brand reports on members of the House of Representatives preparing to vote on the White House debt ceiling deal (5-31-2023)
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
Scott McFarland reports on criticism leveled from both sides of the aisle against debt limit bill (5-29-2023)
President Biden and House Speaker McCarthy both expressed optimism that they would be able to get their respective parties on board for the debt ceiling plan they negotiated. Natalie Brand has the latest.
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.
Bradley Blackburn reports on agreement reached to raise debt limit just days ahead of default (5-28-2023)
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
The massive storms that soaked California at the beginning of this year allowed many in the state to automatically be granted a tax extension. But that’s causing problems for the U.S. balance sheet as it approaches the deadline to raise the debt ceiling. Julie Weil, a tax reporter for the Washington Post, has more.
Republican lawmakers want the government to slash federal spending, which ballooned during the pandemic.
President Joe Biden wrapped up a meeting with House Speaker Kevin McCarthy to discuss raising the debt ceiling as the U.S. government will soon run out of money to pay its bills -- and possibly dive into a recession if no deal is reached. Nicole Sganga reports.
Negotiations over the debt ceiling ended on Capitol Hill as President Joe Biden and House Speaker Kevin Mccarthy prepare for face-to-face talks Monday afternoon.
Following several meetings Friday, White House negotiators and Republican congressional leaders left the Capitol without an agreement on solving the nation's debt ceiling crisis. President Biden is expected to cut short his Asia-Pacific trip to return to Washington to address the issue. Christina Ruffini has the latest.
Without a deal, Treasury Secretary Janet Yellen has said the U.S. could be unable to pay its bills and might default on its debt as soon as June 1.
Skyler Henry reports on the stalemate in the negotiations to raise the debt ceiling and avoid the first federal default in United States history.
The treasury secretary moved up her estimate of when the U.S. risks defaulting on its debt.
A who's who of SF politics gathered to celebrate a $55 million grant awarded by the EPA to the city to help complete a high-speed zero-emission ferry network.
While the Mission District is getting ready for its grand Dia de los Muertos celebration Saturday, the Sunset District held its event Friday night.
Forty-seven states and the District of Columbia allow voters to track the status of their ballot. Find out how to check yours.
Stephen Curry will sit out a third straight game for the Golden State Warriors at Houston nursing a left ankle injury but resumed practicing in some drills Friday.
People on both sides of the Oakland mayor recall race made the final push to turn out the votes Friday, with Mayor Sheng Thao and recall supporters holding separate events.
A who's who of SF politics gathered to celebrate a $55 million grant awarded by the EPA to the city to help complete a high-speed zero-emission ferry network.
While the Mission District is getting ready for its grand Dia de los Muertos celebration Saturday, the Sunset District held its event Friday night.
Forty-seven states and the District of Columbia allow voters to track the status of their ballot. Find out how to check yours.
Stephen Curry will sit out a third straight game for the Golden State Warriors at Houston nursing a left ankle injury but resumed practicing in some drills Friday.
People on both sides of the Oakland mayor recall race made the final push to turn out the votes Friday, with Mayor Sheng Thao and recall supporters holding separate events.
A who's who of SF politics gathered to celebrate a $55 million grant awarded by the EPA to the city to help complete a high-speed zero-emission ferry network.
While the Mission District is getting ready for its grand Dia de los Muertos celebration Saturday, the Sunset District held its event Friday night.
Left-hander Blake Snell has exercised his right to opt out of his contract with the San Francisco Giants to become a free agent for the second straight offseason.
Festivities began Friday for Dia de los Muertos -- or Day of the Dead, with those who celebrate preparing altars to honor family members who have passed.
A man was pistol-whipped during a home invasion robbery in San Francisco's Oceanview neighborhood early Friday morning, police said.
People on both sides of the Oakland mayor recall race made the final push to turn out the votes Friday, with Mayor Sheng Thao and recall supporters holding separate events.
An Alameda city councilmember who's running for re-election is facing a possible reprimand over her conduct on a recent city-backed trip to Southern California.
Local leaders on Friday morning acknowledged major progress in making Oakland's streets safer.
Police are investigating a sexual battery that occurred Thursday night inside the University of California, Berkeley.
A former Oakland-based company and two people were convicted of illegally towing vehicles of Alameda County residents, according to prosecutors.
A residential building fire in the Cambrian neighborhood just north of Butcher Park left 16 residents displaced Friday afternoon, according to authorities.
Police in San Jose on Friday confirmed the arrest of a San Jose man for possession of child sexual abuse material and recording juveniles with a hidden camera in a private area after he allegedly trespassed in a Bret Harte Middle School locker room this week.
Two teenage suspects were arrested in San Jose after a couple was robbed at gunpoint after withdrawing money from their bank, police said.
A woman previously arrested for allegedly embezzling $300,000 from a former employer in San Carlos is now suspected of siphoning $100,000 from a business in the North Bay.
San Jose Police on Thursday said nine people have been indicted and seven arrested on charges related to organizing several sideshows that have happened in the city over the past four years.
An annual report card on the Bay Area's local roads and streets released Thursday found no change overall in regional pavement conditions across the past several years, though some cities saw marked improvements.
A 3.3 magnitude earthquake struck in Sonoma County Thursday morning in a region frequented by quakes, according to the United States Geological Survey.
While the month of October has been warm and dry, water officials in Sonoma County said reservoirs are in good shape after the two previous wet winters.
Santa Rosa police arrested a 16-year-old high school boy after a gun was found in his school locker Wednesday morning.
Police arrested two suspects in a home invasion armed robbery at a Santa Rosa home, police said.
Stephen Curry will sit out a third straight game for the Golden State Warriors at Houston nursing a left ankle injury but resumed practicing in some drills Friday.
Zack Minasian was officially promoted to general manager of the San Francisco Giants Friday, joining the Los Angeles Angels' Perry Minasian to make the brothers both big league GMs.
Will Smith scored twice for his first NHL goals, and the San Jose Sharks beat the Chicago Blackhawks 3-2.
The San Francisco Giants have reportedly promoted the team's vice president of scouting, Zack Minasian, as the new general manager.
The A's will play at least the next three seasons in West Sacramento at the MiLB facility Sutter Health Park.
A man was pistol-whipped during a home invasion robbery in San Francisco's Oceanview neighborhood early Friday morning, police said.
Police in San Jose on Friday confirmed the arrest of a San Jose man for possession of child sexual abuse material and recording juveniles with a hidden camera in a private area after he allegedly trespassed in a Bret Harte Middle School locker room this week.
Local leaders on Friday morning acknowledged major progress in making Oakland's streets safer.
Two teenage suspects were arrested in San Jose after a couple was robbed at gunpoint after withdrawing money from their bank, police said.
A woman previously arrested for allegedly embezzling $300,000 from a former employer in San Carlos is now suspected of siphoning $100,000 from a business in the North Bay.
A who's who of SF politics gathered to celebrate a $55 million grant awarded by the EPA to the city to help complete a high-speed zero-emission ferry network.
Apple snapped out of a recent iPhone sales slump during its summertime quarter.
Reddit's stock leaps nearly 40% after the social media company reported a quarterly profit amid strong user growth.
A new security system installed in a San Jose shopping center promises to reduce crime in for small businesses.
Google is still thriving while the company navigates through a pivotal shift to artificial intelligence and battles regulators trying to topple its internet empire.
Several Bay Area counties have reinstated mask mandates at health care facilities to coincide with the beginning of respiratory virus season.
South Bay residents and businesses are urged to be vigilant about standing water on their properties, as the invasive Aedes ageypti mosquito has been found in more locations despite eradication efforts.
One week before Election Day and voters across the country were filling out their ballots. Along with that warm sense of civic pride, there may be another feeling: anxiety.
October is Breast Cancer Awareness Month, and one Santa Clara soccer player is working to raise money on and off the field to go toward a local health program.
Some pathogens that contaminate food are even showing up in the U.S. for the first time thanks to climate change.
Forty-seven states and the District of Columbia allow voters to track the status of their ballot. Find out how to check yours.
People on both sides of the Oakland mayor recall race made the final push to turn out the votes Friday, with Mayor Sheng Thao and recall supporters holding separate events.
An Alameda city councilmember who's running for re-election is facing a possible reprimand over her conduct on a recent city-backed trip to Southern California.
On Tuesday, San Francisco voters will decide whether to lower the age that city firefighters become eligible for pension benefits.
Friday kicks off open enrollment for Covered California with DACA recipients now open to shop for new plans.
Festivities began Friday for Dia de los Muertos -- or Day of the Dead, with those who celebrate preparing altars to honor family members who have passed.
A jury in Santa Clara County on Wednesday convicted a Milpitas man of murder for killing his transgender partner in 2021, prosecutors said.
On Tuesday, the battle for LGBT rights took a new turn when the Pentagon announced that it was proactively changing the discharge status to "honorable" for hundreds of service members expelled for being gay during the "don't ask, don't tell" era.
John Ramos reports on the Pentagon announcing it will change the discharge status to "honorable" for hundreds expelled during "don't ask, don't tell" era.
An honorable discharge status unlocks access to critical benefits that some veterans may have been missing out on for decades.
While kids were trick or treating Halloween night, some in San Francisco partied adult style at the "Nightmare on Front Street," the latest event held in the city's designated "entertainment zone."
San Francisco's first established "entertainment zone" on Front St. will host its second free event on Halloween that kicks off Thursday afternoon at 2 p.m.
A part of music and film history preserved by a group of Bay Area artists is in limbo, as building that has housed Arhoolie Records, Les Blank Films and Down Home Music for nearly half a century could soon be sold.
Acclaimed garage-punk band the Jackets return to the Bay Area for the first time since the pandemic Saturday, playing songs from their new album 'Intuition' at the Ivy Room with local favorites the Control Freaks.
On Halloween night Thursday, two Hitchcock films come to the big screen in San Francisco accompanied by live music at separate presentations sponsored by local cultural institutions.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
with Zoe Mintz.
Kelsi Thorud reports on the ferry network that San Francisco is building. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Andrea Nakano reports on Dia de los Muertos in San Francisco. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
CBS News Bay Area morning edition headlines for Nov. 2, 2024. Watch full newscasts streamed at the CBS SF website or on the app.
CBS News Bay Area evening headlines for Friday, Nov. 1, 2024. Watch full newscasts streamed at the CBS SF website or on the app.
This week's Jefferson Award winner is a Berkeley woman who has promoted child literacy for four decades, as host of a community TV show encouraging young poets.
With hate crimes on the rise in the U.S., a pair of Oakland women have been equipping people with self-defense tools for free.
If a picture is worth a thousand words, what are two million photos worth? A history of Asian Americans in the Bay Area, for this week's Jefferson Award winner.
While stroke rehabilitation is often a difficult road, a South Bay couple is providing local patients some valuable support.
For nearly 50 years, a Vietnam veteran from San Francisco has served as a national champion for military veterans.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.