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The Internal Revenue Service has announced several adjustments to account for the impact of inflation. These include higher federal income tax brackets and standard deductions for the year 2023. CBS News MoneyWatch associate managing editor Aimee Picchi joins the show to break down these forthcoming changes and more.
Inflation in Britain reaches 40-year high; Biden to release 15 million barrels from oil reserve.
Economists think the record inflation could prompt England's central bank to hike its primary interest rate by as much as a full percentage point this fall.
Thousands of people protested across France Tuesday, demanding higher wages to tackle spiking inflation. Noemie Bisserbe, reporter for the Wall Street Journal, joined John Dickerson to discuss the unrest.
Corporate earnings are holding up despite recession fears, cheering investors. But some analysts urge caution.
Economists are shifting gears and now saying the U.S. will enter a recession within the next year. CBS News anchors Lana Zak and Lilia Luciano spoke with Wall Street Journal reporter Harriet Torry about the potential impact.
The prime minister's 6-week tenure has been defined by self-inflicted chaos, but with her party divided, it's unclear where Britain goes from here.
Americans are facing mounting credit card debt as inflation puts more pressure on households, and the Federal Reserve raises interest rates. CBS News' Lilia Luciano speaks with Abha Bhattarai, economics correspondent for The Washington Post, on what's driving the rise in credit card debt.
Inflation is sticking around, driving up food, rent and other costs. These money moves can help you fight back.
The latest CBS News Battleground Tracker polling shows Republicans are holding onto their advantage in the race to control the House of Representatives. CBS News executive director of elections and surveys Anthony Salvanto joined Anne-Marie Green and Vladimir Duthiers with a look at what's behind this trend.
University of Michigan professor Betsey Stevenson, the former top economist at the U.S. Department of Labor, said the 6.6% core inflation rate is what really worries economists. "That's the stuff that's hard to come down," she told "Face the Nation."
Transportation Secretary Pete Buttigieg said on "Face the Nation" on Sunday that the Biden administration's "top economic priority is fighting inflation." He defended the administration's economic policies, saying "if anybody's asking, 'was it a good idea to rescue the American economy? The answer's yes.'"
Experts say public confidence in United Kingdom Prime Minister Liz Truss is steadily falling after she reversed course on her proposed tax reforms. Ian Lee has the latest.
Home prices rose 43% in two years, but now in cities that had those massive spikes, prices are being slashed. Danya Bacchus has more.
President Joe Biden's trip to Oregon, California and Colorado is showing how he's trying to turn out Democratic votes on Election Day.
Core inflation in the U.S. surged to the highest level in 40 years as prices for housing, food and health care continued to rise. Abha Bhattarai, an economics correspondent for The Washington Post, joined Catherine Herridge to discuss September's CPI report.
Transportation Secretary Pete Buttigieg, Ukrainian Ambassador to the U.S. Oksana Markarova, Professor of Economics and Public Policy at the University of Michigan Betsey Stevenson, and more, will appear on "Face the Nation with Margaret Brennan" this Sunday.
The Dow Jones Industrial Average gave back a big chuck of the gains it made the day before, following the latest report on inflation in the U.S. David Grasso, an editor at Bold, joins CBS News to discuss the latest on the economy.
U.S. mortgage rates reached a 20-year high as the Federal Reserve continues to raise interest rates to try to tame inflation. CBS News' Errol Barnett and Elaine Quijano are joined by Zillow senior economist Orphe Divounguy to discuss the impact.
The "mini-budget" rolled out by the duo caused the pound to plummet in value, interest rates to soar, and sparked chaos in financial markets.
Never-before-seen video from January 6 shows lawmakers in hiding, seeking help to stop the riot; California serial killer may also be connected to Chicago murders.
"Unless significant conservation actions are taken, the United States is likely to cause the first anthropogenic extinction of a great whale species," scientists said.
Social Security benefits will increase by 8.7% in 2023 in a cost-of-living adjustment. The news comes as recipients see increased costs due to inflation in nearly every aspect of life. Javier David, Axios managing editor of business and markets, joins "CBS News Mornings" to explain where seniors will be feeling the pinch and if the adjustments will make enough of a difference.
In September, inflation rose 8.2 percent over the past year. Food, shelter and medical care costs remain high as investors brace for a possible recession. Senior business analyst Jill Schlesinger has more on the latest report.
The stock market finished strong on Thursday despite the latest CPI report showing a 0.4% September increase in inflation. Pete Earle, economist and research fellow at the American Instiute for Economic Research, joins CBS News to discuss the state of the economy and whether we're facing a recession.
He said he'd do it to help crack down on illegal immigration and drugs. Economists say such tariffs could dramatically raise prices on everything from gas to autos.
China sent military planes to track a U.S. anti-submarine Navy aircraft as it transited the Taiwan Strait, Beijing says, as tension mounts between the superpowers.
Special counsel Jack Smith asked a federal appeals court to dismiss his appeal in the documents case against President-elect Donald Trump.
An FBI agent who in 2022 was acquitted of attempted murder for shooting a man on a train near Washington, D.C., has been accused of sexual assault.
Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.
Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.
Alcohol tainted with methanol is suspected to be the cause of the six deaths.
John Tinniswood, the world's oldest man, has died in northern England. He credited his longevity largely to "pure luck," but did offer advice about over-indulging - in anything.
Australia's Macquarie Dictionary picks "ens***tification" as its word of 2024, tapping into a sense that digital services are getting worse as companies prioritize profits.
An FBI agent who in 2022 was acquitted of attempted murder for shooting a man on a train near Washington, D.C., has been accused of sexual assault.
An Osprey being used to ferry White House staff and government officials from an event in New York was grounded Monday.
A sonar image suspected of showing the remains of the plane of Amelia Earhart has turned out to be a rock formation.
Seuk Kim was flying three dogs from Maryland to Albany, New York, when the plane crashed in the snowy woods of the Catskill Mountains, officials said.
Most Americans are forced to retire earlier than they had expected, often disrupting their financial planning.
Millions of Americans would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare and Medicaid under a rule the Biden administration has proposed.
Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.
Most Americans are forced to retire earlier than they had expected, often disrupting their financial planning.
President-elect Donald Trump threatened to impose new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
Warnings have been popping up on social media urging women who might be considering divorce to "pull the trigger" while they still have the option of no-fault divorce.
Millions of Americans would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare and Medicaid under a rule the Biden administration has proposed.
Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.
President-elect Donald Trump skipped President Biden's inauguration following Trump's supporters' Capitol assault.
A tree that survived Hurricane Helene in North Carolina was unveiled as the 2024 White House Christmas tree.
In 2020, West Virginia launched a pilot program to subsidize GLP-1 drugs for public employees, but the program was shuttered in March.
About 20% of patients — as many as 1 in 5 — may not respond well to medications like Mounjaro and Wegovy, according to several obesity experts.
When it comes to eating healthy, all of us respond to foods differently. The National Institutes of Health's new nutrition study hopes to finally provide Americans a personalized answer to the question: "What should I eat?"
From the four food groups to the Food Pyramid, the U.S. government has long offered guidance to Americans hoping to eat a healthier diet. But there's growing scientific consensus that when it comes to eating healthy, all of us respond to foods differently. And to prove it, the National Institutes of Health has embarked on the most ambitious nutrition study ever, hoping to finally provide Americans a personalized answer to the question: "What should I eat?" Correspondent Lee Cowan reports.
Glioblastoma typically kills within 18 months, but a new type of treatment has kept Nadya El-Afandi's scans clear 17 months after diagnosis.
Australia's Macquarie Dictionary picks "ens***tification" as its word of 2024, tapping into a sense that digital services are getting worse as companies prioritize profits.
Alcohol tainted with methanol is suspected to be the cause of the six deaths.
China sent military planes to track a U.S. anti-submarine Navy aircraft as it transited the Taiwan Strait, Beijing says, as tension mounts between the superpowers.
South Africa's Cape Peninsula is a big tourist draw, but it's also home to hundreds of brazen baboons, and there's fear people-monkey encounters are set to rise.
John Tinniswood, the world's oldest man, has died in northern England. He credited his longevity largely to "pure luck," but did offer advice about over-indulging - in anything.
Actor Danielle Pinnock joins "CBS Mornings" to talk about her role in the the hit CBS comedy, "Ghosts," where she plays a spirited 1920s jazz singer with plenty of sass.
From Emmy wins to Oscar nods, Colman Domingo reflects on his career and dives into his latest role in Netflix's "The Madness."
Brittney Griner and her wife Cherelle welcomed their son, Bash, in July. Now, they're sharing adorable family photos and looking ahead to their first Christmas together.
The petition alleges UMG used bots to drive up streams on "Not Like Us," paid radio promoters to increase air play and paid Apple to have Siri misdirect users to Kendrick Lamar's hit song.
"Wicked" led the box office with $114 million, while "Gladiator II" earned $55 million in a record-setting pre-Thanksgiving weekend. The combined success marks the biggest pre-Thanksgiving weekend opening since the COVID-19 pandemic. Rebecca Rubin, a senior film and media reporter with Variety, has more.
British phone company Virgin Media O2 has developed an AI-generated grandmother to talk to scammers all day and waste their time so you don't have to. CBS News Confirmed executive producer Melissa Mahtani has more on the "grandma" and how you can protect yourself from phone scams.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
More than one third of travelers says they've incorporated artificial intelligence into their travel planning, according to a recent survey. CBS News compared how efficient booking a trip with the help of AI is compared to doing the research yourself.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
At the Johnson Space Food Systems Laboratory in Houston, NASA scientists develop dishes – freeze-dried, heat-stabilized, or irradiated – to serve on the International Space Station. Correspondent David Pogue checks out what's on the menu in Earth orbit.
This winter, the National Oceanic and Atmospheric Administration predicted above-average temperatures throughout the U.S. because of a "slowly developing" La Niña pattern. CBS News Sacramento meteorologist Tracy Humphrey reports on the changing winter conditions.
The only emperor penguin known to have swum from Antarctica to Australia was released at sea 20 days after he waddled ashore on a popular tourist beach.
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
A hearing for Erik and Lyle Menendez, brothers convicted of killing their parents more than three decades ago, was postponed Monday after technical issues with the brothers' virtual appearance. The family of the brothers are asking a judge to reduce their sentences of life without parole.
An FBI agent who in 2022 was acquitted of attempted murder for shooting a man on a train near Washington, D.C., has been accused of sexual assault.
A California judge on Monday delayed his decision on whether to resentence the Menendez brothers until January. In October, the outgoing Los Angeles district attorney requested a judge reconsider Lyle and Erik's sentences for the 1989 murders of their parents after new evidence was introduced. CBS News correspondent Elise Preston reports.
The NFL and the NBA have issued warnings to players about transnational gangs that may be targeting them for burglaries. CBS News national security contributor Sam Vinograd has more on the criminals behind the schemes.
There are three legal paths for the Menendez brothers to potentially leave prison after serving several decades for the 1989 killings of their parents. CBS News legal contributor Jessica Levinson breaks down the latest in their legal battle.
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Actor Danielle Pinnock joins "CBS Mornings" to talk about her role in the the hit CBS comedy, "Ghosts," where she plays a spirited 1920s jazz singer with plenty of sass.
From Emmy wins to Oscar nods, Colman Domingo reflects on his career and dives into his latest role in Netflix's "The Madness."
CBS News business analyst Jill Schlesinger speaks with "CBS Mornings" about President-elect Donald Trump's proposed tariffs and what they could mean for consumers.
A storm is bringing winter weather conditions to parts of the country, including Salt Lake City and Denver, potentially impacting flights during a busy Thanksgiving travel week. Since Friday, airlines have dealt with winter weather and air traffic control staffing issues that have caused thousands of delays, but few cancellations. The FAA says Tuesday will see the highest number of scheduled flights.
John Furner, president and CEO of Walmart U.S., speaks exclusively with "CBS Mornings" about the potential impact of President-elect Donald Trump's tariffs, what to expect this holiday shopping season and its new DEI initiatives. On Monday, Walmart confirmed it's rolling back some of its diversity, equity and inclusion programs.