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President Biden is confronting a major economic challenge as inflation continues to rise. Meanwhile, the White House is looking to reallocate Afghan funds to help people in Afghanistan and 9/11 victims. CBS News senior White House and political correspondent Ed O'Keefe breaks down the latest news out of Washington.
U.S. urges Canada to end trucker protest; Drew Carey opens up about suspicious death of former fiancée
On Thursday, the Labor Department reported average consumer prices are up 7.5% over the last year — the highest in 40 years. Senior White House correspondent Ed O'Keefe has President Biden's response and more on when Americans can expect some relief.
Inflation soared to its highest level in 40 years, according to the Labor Department, as prices rose by 7.5% compared to one year ago. The surge was driven in part by an increase in gas prices. Nancy Cordes has the latest.
Cities across the U.S. are hoping to receive grants from the federal government's $1 trillion infrastructure bill. Mitch Landrieu, a White House senior adviser and infrastructure implementation coordinator, joins "Red and Blue" anchor Nikole Killion with the latest.
Consumer prices are rising at their fastest clip in decades, but a handful of products have gotten less expensive.
Financial markets dropped after this morning's Consumer Price Index report indicated a larger-than-expected rise in inflation. Steve Odland, CEO of The Conference Board and former CEO of Office Depot and AutoZone, joins CBS News' Tanya Rivero and Nikki Battiste to discuss inflation rates as well as the results of The Conference Board's latest survey of CEO confidence.
The Consumer Price Index climbed 0.6% in January, meaning the average cost of goods is up 7.5% since the same time last year. Meantime, first-time jobless claims fell for a third straight week. CBS News senior White House and political correspondent Ed O'Keefe has more on how the Biden administration is handling the latest economic news.
Consumer prices have surged 7.5% over the last year as higher fuel, food and shelter costs put the squeeze on consumers.
Restaurant chain is paying more for beef, avocados and freight — and passing those costs on to consumers.
Inflation and supply-chain problems are making it more expensive to show your love this year.
From Tide detergent to your morning coffee, these everyday products are about to cost more thanks to inflation.
Prices at fast-food restaurants jumped 8% last year. But corporate profits are also getting a bump through higher menu charges.
Hunger-relief groups also are paying more for milk, eggs and other staples needed by families who can't afford them.
Consumer prices and employer costs are rising at their fastest pace in decades, as Fed moves to douse inflation.
Americans will soon face a double whammy: high inflation combined with pricier loans and credit card debt.
Federal Reserve Chairman Jerome Powell said decisions on how often and by how much the rate increases this year have not been made.
Markets tumbled in early trade amid mounting concerns about rising U.S. inflation and conflict between Russia and Ukraine.
In MoneyWatch, a new survey conducted by Goldman Sachs 10,000 Small Businesses Voices initiative reveals that 79% of small business owners are concerned about the ongoing pandemic while 13% say they have been forced to temporarily close or scale back operations during the pandemic. Joe Wall, national director for Goldman Sachs 10,000 Small Businesses Voices, joins CBS News to discuss.
Thursday marks President Biden's first year in office. CBS News political contributor Joel Payne and Steve Hayes, co-founder, CEO and editor of The Dispatch, share their analysis on how the president is doing and what Republicans and Democrats need to do this year to tackle their agendas.
New federal inflation data shows consumer prices soared over the last year, affecting everything from gas to food. Inflation rose 7% since December 2020 — the fastest in nearly 40 years. Many shoppers are also noticing empty shelves at their grocery stores, due to severe weather and rising COVID-19 cases. Scott MacFarlane reports from Bethesda, Maryland.
The pandemic has made it even more difficult for experts to predict job growth. Josh Mitchell, a staff reporter with the Wall Street Journal, joins Elaine Quijano on CBSN's "Red & Blue" to explain why.
The Biden administration is focused on improved unemployment numbers as Americans still feel the impacts of inflation. Plus, the U.S. Court of Appeals ruled against former President Trump, who is trying to block the House January 6 committee from accessing White House documents. CBS News senior Washington correspondent Major Garrett, Wall Street Journal Capitol Hill reporter Siobhan Hughes and Politico congressional reporter Nicholas Wu join CBSN's "Red & Blue" anchor Elaine Quijano with the details.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the stock market's drop upon news that the Fed could end some emergency COVID measures sooner than expected. Plus, what the newly-identified Omicron COVID-19 variant is doing to the economy.
Macy's CEO Jeff Gennette joins "CBS Mornings" to discuss the impact of staffing shortages, inflation and supply chain problems this holiday shopping season.
A full-blown trade war between the U.S. and Canada could lead to a recession in both countries, economist says.
Trump's claims President Claudia Sheinbaum "agreed to stop migration through Mexico." She says she "explained" what Mexico was already doing.
"Whatever bumps and bruises we were suffering, we put it all aside and celebrated Thanksgiving in Nantucket," President Biden wrote in his 2017 book "Promise Me, Dad."
The bursts of violence — with no reports of serious casualties — reflected the uneasy nature of the ceasefire that otherwise appeared to hold as Lebanese troops began to deploy in parts of southern Lebanon.
The Thanksgiving threats come one day after several of President-elect Donald Trump's staff picks reported threats.
The history of White House Thanksgiving traditions date back more than 160 years to President Abraham Lincoln, who established the national holiday.
The woman boarded Delta Flight No. 264 from John F. Kennedy International Airport to Paris Charles de Gaulle Airport, CBS News learned. She was discovered while the plane was in midair and was taken into custody in Paris.
The Macy's Thanksgiving Day Parade kicked off the holiday season in NYC, despite a brief interruption from protesters and rainy weather.
Experts warn of fabricated websites posing as retailers to scam shoppers looking for Black Friday deals.
Canada's Competition Bureau says that an investigation found the company "unlawfully" tied together its ad tech tools to maintain its dominant market position.
Neighbors are collecting cards for John Reichart and his wife — find out how to send one here.
The history of White House Thanksgiving traditions date back more than 160 years to President Abraham Lincoln, who established the national holiday.
Experts warn of fabricated websites posing as retailers to scam shoppers looking for Black Friday deals.
A resident named Esther Keim has been flying low and slow in a small plane over rural parts of south-central Alaska, dropping frozen turkeys to those who can't simply run out to the grocery store.
Canada's Competition Bureau says that an investigation found the company "unlawfully" tied together its ad tech tools to maintain its dominant market position.
Experts warn of fabricated websites posing as retailers to scam shoppers looking for Black Friday deals.
Consumers are urged to destroy the recalled cucumbers, which were distributed in 26 states around the U.S.
As the holiday shopping season kicks off, here are five ways retailers try to get consumers to spend.
Taylor Swift's Eras Tour book goes on sale Friday. Here's the only place to buy it, how much it costs and what you'll get.
The history of White House Thanksgiving traditions date back more than 160 years to President Abraham Lincoln, who established the national holiday.
The Thanksgiving threats come one day after several of President-elect Donald Trump's staff picks reported threats.
Then-candidate Donald Trump in September promised that he would sign legislation to grant federal recognition to the Lumbee Tribe.
"Whatever bumps and bruises we were suffering, we put it all aside and celebrated Thanksgiving in Nantucket," President Biden wrote in his 2017 book "Promise Me, Dad."
Trump's claims President Claudia Sheinbaum "agreed to stop migration through Mexico." She says she "explained" what Mexico was already doing.
The man's attorneys said the punitive and compensatory damages total the largest amount to ever be awarded by a jury in a medical malpractice case in the U.S.
Tired from your Thanksgiving feast? You're not alone. But is it the tryptophan in turkey that leads to our food comas? Here's what experts say.
Can cats and dogs eat turkey and other Thanksgiving foods? Here's what experts say about what is safe and not.
An Illinois mom got stuck with a big bill after taking her 3-year-old to the ER but never seeing a doctor. "It's mind-blowing," she said.
Why is Thanksgiving traditionally associated with turkey and other specific foods? We asked a history expert why we eat what we do on the holiday.
Canada's Competition Bureau says that an investigation found the company "unlawfully" tied together its ad tech tools to maintain its dominant market position.
A missing hiker was found alive this week in the remote Canadian wilderness, where he had been missing since October.
Amalka, a female, slipped out of a carrier cage on November 19 during an unloading operation.
A full-blown trade war between the U.S. and Canada could lead to a recession in both countries, economist says.
"The accused appears to have had no motive for killing the people other than the act of killing itself," prosecutors said.
The performances will take place Feb. 9 at Caesars Superdome in New Orleans before the NFL's championship matchup and halftime show featuring rap megastar Kendrick Lamar.
Taylor Swift's Eras Tour book goes on sale Friday. Here's the only place to buy it, how much it costs and what you'll get.
In settling, the three plaintiffs said they assign no "ill intent" to Rose and realize now that his conduct could be subject to interpretation.
Sean "Diddy" Combs' lawyers again asked the rapper be released on bond ahead of his trial, but the request was denied.
Members of the iconic band, the Grateful Dead, reflected on the impact bandmate Phil Lesh had on their lives and said they had hoped to play together again.
Canada's Competition Bureau says that an investigation found the company "unlawfully" tied together its ad tech tools to maintain its dominant market position.
The tech CEO has been seeking to change his company's perception on the right following a rocky relationship with President-elect Donald Trump.
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.
Australia's full legislature has now passed a bill that will soon ban children under the age of 16 from using most social media platforms.
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.
Scientists now have a clearer picture of Camp Century, an abandoned U.S. military base long hidden under the ice in Greenland, thanks to a NASA research team's good luck.
Negotiators are far apart as the United Nations tries to work out the world's first treaty to curb plastic pollution. Issues creating roadblocks include limiting new manufacturing of plastic and the potential phasing out of some chemicals. For more on the talks, CBS News was joined by Erin Simon, vice president and head of plastic waste and business for the World Wildlife Fund in the U.S.
Forensic pathologists hope advanced DNA testing technology will enable them to attach names to all the unidentified people at the Honolulu Medical Examiner's Office.
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.
Police have called James Craig's alleged plot to kill Angela Craig a "heinous, complex and calculated murder."
"The accused appears to have had no motive for killing the people other than the act of killing itself," prosecutors said.
Dustin Kjersem's death was initially reported as a bear attack after his girlfriend found his body in a tent on Oct. 12.
More than 400 people were arrested in the operation targeting oceans, coasts, rivers and ports around the globe in October and November.
Sean "Diddy" Combs' lawyers again asked the rapper be released on bond ahead of his trial, but the request was denied.
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.
Ponchos and umbrellas added to the atmosphere at the Macy's Thanksgiving Day Parade as a steady rain-soaked Midtown Manhattan. But for the three million people estimated to have lined the two-and-a-half mile route, the wet weather didn't dampen spirits. Tom Hanson reports.
Retailers are preparing for Black Friday, one of the biggest shopping days of the year, with two-thirds of holiday shoppers expected to make purchases this week. The biggest discounts Friday will likely be on electronics like televisions, appliances and gaming consoles. Nancy Cordes reports.
For the second time in two weeks, Russia on Thursday took aim at Ukraine's energy infrastructure with a nationwide missile and drone strike that left more than a million homes and businesses without power. Ramy Inocencio has details.
Authorities are investigating how a woman got through security at John F. Kennedy International Airport and then boarded a Delta Air Lines flight to Paris without a boarding pass. French police took the woman into custody after the plane landed at Paris Charles de Gaulle Airport. Lilia Luciano has details.
President-elect Donald Trump and Mexican President Claudia Sheinbaum spoke Wednesday following Trump's declaration earlier this week that he planned to institute a 25% tariff on both Mexico and Canada immediately after taking office. Trump and Sheinbaum did not appear to be on the same page regarding the outcome of their conversation. Weijia Jiang has the latest.