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President Biden announced his plan to forgive up to $20,000 in student loan debt for millions of Americans. But, some lawmakers and economic experts have raised concerns over its potential impact on inflation and the cost of college tuition. CBS News correspondent Christina Ruffini joined CBS News' Caitlin Huey-Burns on "Red and Blue."
President Biden unveiled his plan to cancel billions of dollars in student loan debt. It will impact millions of borrowers earning less than $125,000 a year. Roy Paul, executive director of Cents Ability, joins CBS News to discuss how the plan will work and its economic impact.
President Biden unveiled his plan to cancel billions of dollars in student loan debt, saying it will benefit 43 million Americans earning less than $125,000 a year. Pell Grant recipients will receive up to $20,000 in relief, while other borrowers can get up to $10,000 in debt cancellation. The pause on federal loan payments will also be extended until the end of the year. Roy Paul, executive director of Cents Ability, joins CBS News to discuss the economic impact of this plan.
Like everything else, the cost of fast food is rising, but in some states it's more affordable than others.
About 69% of Americans are worried the U.S. will be in a recession by the end of next year, a survey conducted by Bankrate found. About 41% of people say if a recession happens, they are not prepared. Mark Hamrick, senior economic analyst at Bankrate, joins CBS News to discuss how people should be preparing for a possible recession.
Thousands of protesters took the streets of Haiti's capital calling for the resignation of Prime Minister Ariel Henry. It comes as the country deals with a surge in crime and rising inflation. The Haitian Times' Macollvie Neel joined CBS News with a look at the current economic situation there.
Democratic challenger chosen for Florida governor's race; Land-value tax could help fix the U.S. housing crisis
The stock market stayed flat Tuesday after falling sharply Monday. Rebecca Walser, president of Walser Wealth Management, joins CBS News to explain how the sell-off is connected to fears over what the Federal Reserve has planned for next months interest rate hike.
Flexible, part-time gigs offer ways to make extra cash, from tutoring to renting out your house or car.
For our MoneyWatch series "The Uncertain Economy," CBS News' Lana Zak visited a food bank in Baltimore to take a look at how people are coping with increased food prices.
A trip down the supply chain shows the answer behind what's driving record inflation may not be so simple.
The average cost of a gallon of milk nationwide has gone up almost a dollar since 2020. “CBS Mornings” co-host Tony Dokoupil goes up the supply chain – starting from a grocery store, to a farm, to an animal feed store – to track down where inflation really begins.
We look at why baby boomers are one of the fastest-growing groups to be homeless. Then, we dive into a pioneering effort to keep manatees thriving in their natural habitat. Watch these stories and more on “Eye on America” with host Michelle Miller.
As students return to school, parents are spending a lot more on supplies because of inflation. According to one survey, just 36% of parents said they can afford back-to-school supplies this year. Janet Shamlian takes a look.
S&P 500 suffers its biggest drop since June as investors fret over the Fed's effort to tame inflation.
As inflation remains high, those looking to make their money grow in the stock market may be drawn to a tactic referred to as “buying the dip.” But does this strategy work? Joe Saluzzi, partner and co-founder of Themis Trading, joins CBS News to discuss in today’s MoneyWatch report.
The affordability crisis in housing has only gotten worse thanks to rising mortgage rates. As a part of our series "MoneyWatch: The Uncertain Economy," CBS News correspondents Errol Barnett and Tanya Rivero break down the relationship between mortgage rates and inflation.
CBS News correspondent Errol Barnett shows how inflation impacts the value of a dollar and why your money is worth less now than even a few years ago.
As inflation rates rise, so do prices at the grocery store, which means your dollar is not stretching as far. In our MoneyWatch series, "The Uncertain Economy," Roy Paul, executive director of Cents Ability, has some tips on how you can make sure a trip to the store doesn't break the bank.
Back-to-school spending in total is expected to match the record high set in 2021: $37 billion.
The company is one of many providing bonuses, wage increases or additional benefits as inflation rises and labor shortages persist.
Despite sputtering U.S. economic growth, Federal Reserve hiked interest rates to ease "unacceptably high" inflation.
Many people are worried the country is headed toward a recession, or may already be in one. While not all recessions are created equal, economists say we can learn lessons from our past. CBS News takes a look back at the history of recessions in America as part of our series "MoneyWatch: The Uncertain Economy."
Britain's inflation rate soared to a new 40-year high, squeezing households. Economists expect it to get worse.
Inflation in the U.K. rose to a staggering 10.1% in July compared to last year. CBS News foreign correspondent Roxana Saberi joins us from London to break down what's driving the rise in prices and how British families are coping.
A ceasefire in Lebanon between Israel and the Iran-backed militant group Hezbollah appeared to be holding several hours after it began.
If confirmed as trade representative, Jamieson Greer would be responsible for negotiating directly with foreign governments on trade deals and disputes.
In the wake of Hurricane Helene, more than 2,000 landslides displaced families in western North Carolina. They are waiting to find out if rebuilding is even possible or safe.
Tom Homan and Texas Gov. Greg Abbott served meals to troops stationed in Eagle Pass and Edinburg as part of Operation Lone Star.
Dr. Jay Bhattacharya, who has faced restrictions on social media platforms because of his views, was a critic of pandemic lockdowns and vaccine mandates.
Harvey Weinstein's lawyers filed a legal claim alleging that he is receiving substandard medical treatment in unhygienic conditions while in custody at Rikers Island.
More than 3,000 fake Gibson guitars were seized by U.S. Customs and Border Protection in what authorities are calling the largest seizure of counterfeit musical instruments at the massive Los Angeles-Long Beach Seaport.
A professional treasure hunter has been charged in the theft of the 37 gold coins stlen from the wreckage of the 1715 Treasure Fleet.
Jean Rather, the wife of former longtime CBS News anchor Dan Rather, died Tuesday at the age of 89 following a battle with cancer.
Jean Rather, the wife of former longtime CBS News anchor Dan Rather, died Tuesday at the age of 89 following a battle with cancer.
Harvey Weinstein's lawyers filed a legal claim alleging that he is receiving substandard medical treatment in unhygienic conditions while in custody at Rikers Island.
Dr. Jay Bhattacharya, who has faced restrictions on social media platforms because of his views, was a critic of pandemic lockdowns and vaccine mandates.
If confirmed as trade representative, Jamieson Greer would be responsible for negotiating directly with foreign governments on trade deals and disputes.
President-elect Donald Trump is proposing sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Here's why.
President-elect Donald Trump is proposing sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Here's why.
Consumers could face higher prices for electronics if President-elect Donal Trump hits Canada, Mexico and China with new tariffs, Best Buy CEO said.
Americans paid an estimated $842 million in fees to cover advance loan refunds or refund anticipation checks last year.
In some parts of the U.S., parents pay more than $30,000 annually for infant care at a center, federal data shows.
John Furner, president and CEO of Walmart U.S., talks about the company's decision to scale back its DEI policies.
Dr. Jay Bhattacharya, who has faced restrictions on social media platforms because of his views, was a critic of pandemic lockdowns and vaccine mandates.
If confirmed as trade representative, Jamieson Greer would be responsible for negotiating directly with foreign governments on trade deals and disputes.
Alexander Smirnov, an FBI informant, was accused of lying about President Biden and Hunter Biden and now faces new charges of tax evasion.
Americans are most thankful for family and friends, which may be why they'll try to steer away from politics at Thanksgiving.
Claudia Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and that drugs were a U.S. problem.
Dr. Jay Bhattacharya, who has faced restrictions on social media platforms because of his views, was a critic of pandemic lockdowns and vaccine mandates.
A New White House proposal would make Medicare and Medicaid cover GLP-1 weight loss drugs for people who are obese. The move would expand affordable access to the drugs to some 7.4 million people. Dr. Jon LaPook has more.
This may be the first Thanksgiving for millions of Americans who are on GLP-1 agonists like Ozempic, Zepbound or Wegovy.
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.
The plan is to get close enough to tranquilize the animal with a hypodermic needle, airport officials said.
Claudia Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and that drugs were a U.S. problem.
Daniel Andreas San Diego was indicted more than 20 years ago in connection with two 2003 bombings.
A ceasefire in Lebanon between Israel and the Iran-backed militant group Hezbollah appeared to be holding several hours after it began.
The U.S. Air Force says more unexplained drones have been sighted near major British military bases used by American forces.
Harvey Weinstein's lawyers filed a legal claim alleging that he is receiving substandard medical treatment in unhygienic conditions while in custody at Rikers Island.
Irish band The Script continues to inspire with hits like "Hall of Fame," while moving forward after the loss of guitarist Mark Sheehan. Danny O'Donoghue talks to Natalie Morales about the band's journey, and how boxing helps him cope.
Actor Danielle Pinnock joins "CBS Mornings" to talk about her role in 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.
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.
More than 3,000 fake Gibson guitars were seized by U.S. Customs and Border Protection in what authorities are calling the largest seizure of counterfeit musical instruments at the massive Los Angeles-Long Beach Seaport.
Daniel Andreas San Diego was indicted more than 20 years ago in connection with two 2003 bombings.
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 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 Sombrero galaxy, named for its resemblance to the Mexican hat, is about 30 million light-years from Earth.
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.
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.
Two months after Hurricane Helene brought devastating flooding to North Carolina, some residents still can't get home. Landslides triggered by the flooding may have even made it too dangerous to rebuild in some areas. Dave Malkoff has the story.
A New White House proposal would make Medicare and Medicaid cover GLP-1 weight loss drugs for people who are obese. The move would expand affordable access to the drugs to some 7.4 million people. Dr. Jon LaPook has more.
Anne Wojcicki, the embattled CEO of genetic testing company 23andMe sat down with "CBS Mornings" co-host Gayle King to discuss the massive data breach the company suffered and how it can rebuild trust.
Margaret Brennan explains how the ceasefire between Israel and Hezbollah came together, and what role the Biden administration played.
President-elect Donald Trump has announced plans to place additional tariffs on goods imported from China, Mexico and Canada, the United States' three biggest trading partners. Some small business owners worry the move could hurt them. Kelly O'Grady reports.