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How a U.S. debt default could impact your money
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
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"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
Disability applicants often turn to Social Security early retirement benefits — even though it could cost them tens of thousands of dollars in future income, lawyers say.
Seniors and other recipients of the Social Security program may get a cost-of-living adjustment of 3.1% next year, one forecast says.
The retirement program keeps millions of older Americans out of poverty. Big cuts could be in store if the program isn't shored up.
President Biden on Tuesday officially announced his 2024 reelection bid. The president said his campaign will focus on issues including protecting Social Security and access to abortion services. Ed O'Keefe has the latest.
A new survey shows an alarming number of older Americans are not financially prepared for retirement. CBS MoneyWatch associate managing editor Aimee Picchi joins CBS News' Meg Oliver and Elaine Quijano to discuss.
CBS MoneyWatch associate editor Aimee Picchi joins Errol Barnett and Lana Zak to discuss millennials' financial plans for retirement and how they differ from those of an older generation.
1 in 4 older Americans may have to work longer or scrimp and save to make ends meet in their golden years, a new study suggests.
About 1 in 5 millennials is counting on their children to support them in old age, and less than half are banking on Social Security.
Views of economy remain negative, with a mixed outlook at best, as possible debt limit crisis looms.
Entitlement programs such as Social Security and Medicare could be forced to cut benefits as soon as 2031, according to a new report from the funds' trustees.
Benefit checks, adjusted each year for inflation, could see their smallest increase since 2020, a senior citizen's group says.
Divorced people can often collect benefits under the federal retirement program based on their ex-spouse's work history.
Eliminating or lifting the tax cap would help stabilize Social Security, while also being fairer to most Americans, experts say.
Former President Trump is already using the issue to attack potential Republican presidential rival Gov. Ron DeSantis.
Vermont independent Senator Bernie Sanders joins "CBS Mornings" to discuss his new book "It's OK to Be Angry About Capitalism." He talks about the future of Social Security and his experiences with former President Jimmy Carter.
Democrats repeatedly seized on Scott's plan to accuse Republicans of looking to cut Medicare and Social Security.
President Biden traveled to Florida today to speak about strengthening Social Security and Medicare. And former President Donald Trump made a return to Facebook after his ban was lifted. CBS News political director Fin Gomez has more on the path to 2024.
The day after delivering his State of the Union address, President Biden hit the road Wednesday, speaking to union workers in Wisconsin. He used similar themes from the prior night, even calling out Republicans for their heckling. CBS News senior White House correspondent Weijia Jiang explained how the White House is categorizing his address to Congress.
During his State of the Union address, President Biden said, "Some Republicans want Medicare and Social Security to sunset," prompting boos from Republicans and Congresswoman Marjorie Taylor Greene to shout "liar" at the president.
President Joe Biden called on lawmakers to “finish the job” as he delivered his State of the Union address to a divided Congress. CBS News chief White House correspondent Nancy Cordes reports.
"Our rent went up. Food goes up. So really we're not getting a raise. It evens out," said one retiree.
The fight over the nation's debt limit could have very real implications on everything from your 401(k) to Social Security.
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.
The Medal of Honor is the nation's highest military award for bravery in combat, and the Presidential Medal of Freedom is the highest civilian honor.
In North Carolina, Harris took note of falling inflation but added, "Still, we know that many Americans don't yet feel that progress in their daily lives."
Should I freeze my credit? Here's what experts say, and how to stop bad actors from accessing your file.
Lisa Jeanine Findley, 53, faces federal charges of mail fraud and aggravated identity theft.
Judge Kenneth King is ordered to attend training "to address the underlying issues that contributed to this incident," according to 36th District Court Chief Judge William McConico.
"There's no doubt that control of the House runs through New York and runs specifically through the Hudson Valley," said New York Democratic Rep. Pat Ryan.
Former President Donald Trump also disclosed more than $100 million in liabilities for recent legal cases.
U.S. assessments are that Iran will not seek to disrupt ongoing cease-fire negotiations in Doha aimed at ending the Hamas-Israel war.
Many million-dollar properties are no longer considered luxury homes, with almost 1 in 10 U.S. houses costing at least that.
A U.S. district judge said in her ruling that FuboTV was likely to be successful in proving that the joint venture would violate antitrust laws.
The Medal of Honor is the nation's highest military award for bravery in combat, and the Presidential Medal of Freedom is the highest civilian honor.
Former President Donald Trump also disclosed more than $100 million in liabilities for recent legal cases.
The landscape is changing radically for Americans buying and selling property, as well as for real estate agents.
"There's no doubt that control of the House runs through New York and runs specifically through the Hudson Valley," said New York Democratic Rep. Pat Ryan.
A U.S. district judge said in her ruling that FuboTV was likely to be successful in proving that the joint venture would violate antitrust laws.
Former President Donald Trump also disclosed more than $100 million in liabilities for recent legal cases.
The landscape is changing radically for Americans buying and selling property, as well as for real estate agents.
Should I freeze my credit? Here's what experts say, and how to stop bad actors from accessing your file.
Parents and other caregivers urged to stop using loungers linked to 5 fatalities and an infant bed tied to 1 death.
The Medal of Honor is the nation's highest military award for bravery in combat, and the Presidential Medal of Freedom is the highest civilian honor.
Former President Donald Trump also disclosed more than $100 million in liabilities for recent legal cases.
"There's no doubt that control of the House runs through New York and runs specifically through the Hudson Valley," said New York Democratic Rep. Pat Ryan.
In North Carolina, Harris took note of falling inflation but added, "Still, we know that many Americans don't yet feel that progress in their daily lives."
The Butler County native has been in Russian prison since 2021.
Alternatives to the often dreaded pap smear may be on the way for cervical cancer screenings. Here's what to know.
Massachusetts Gov. Maura Healey has announced a plan to save five Steward hospitals from closure.
Parents and other caregivers urged to stop using loungers linked to 5 fatalities and an infant bed tied to 1 death.
ABC News Australia's Nate Byrne is being praised both for how he handled the on-air panic attack as well as the visibility he's bringing to mental health.
Hundreds of thousands of the tiny wind-soaring and itch-inducing critters can fall from trees every day and are packed with a venom that can paralyze prey 166,000 times their size.
A 19-year-old giant panda named Ying Ying has given birth to twins, becoming the oldest known first-time panda mom.
The Butler County native has been in Russian prison since 2021.
The HMS Hawke was torpedoed by a German U-boat on October 15, 1913. Just 70 sailors survived.
Chinese-based tour operators said North Korea will soon allow visitors to the mountainous northern city of Samjiyon.
The woman was found dead "because of being constricted and bitten by the snake," a police spokesman said.
Jools Lebron is taking TikTok by storm with her "demure" videos, transforming a simple word into a powerful statement on confidence and mindfulness. We looked into the trend.
Jools Lebron's viral TikTok videos have given new meaning to the word "demure." We break down what it means.
Academy Award-nominated actor Elliot Page and actress Hillary Baack star in the heartfelt film "Close to You," exploring themes of love, identity and the challenges of returning home.
Taylor Swift kicked off the latest leg of her record-breaking Eras Tour on Thursday, her first performance since canceling three shows in Vienna due to an alleged terror plot from ISIS. While Swift did not address the plot or cancellations, heightened security measures were in place.
Following a nine-month investigation into the death of "Friends" star Matthew Perry, five people, including two doctors, one of his assistants and an alleged drug dealer, have been criminally charged.
Should I freeze my credit? Here's what experts say, and how to stop bad actors from accessing your file.
Artificial intelligence and misinformation remain a threat this election year. So how can you spot what's real and what's not? Darren Linvill, co-director of the Media Forensics Hub at Clemson University, joins CBS News with tips.
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.
Iran has launched a sweeping, months-long cyberattack targeting both the Democratic and Republican presidential campaigns, according to a new report by Google. Nicole Sganga has details.
Staring at an iPad screen too much may keep little kids from learning to control their emotions, a new study finds.
There are hundreds of data centers across the U.S., most of which are run by big tech firms, and their seemingly endless rows of servers are consuming huge amounts of electricity. Ben Tracy takes a look at how one of those companies, Google, is turning to renewable energy sources to power them.
Hurricane Ernesto is gaining strength in the Caribbean after drenching Puerto Rico and the U.S. Virgin Islands. Now the storm is moving north into the Atlantic, where it's expected to continue strengthening as it heads toward Bermuda. CBS News national correspondent Manuel Bojorquez and WCBS chief weathercaster Lonnie Quinn have more.
On July 24, a burning car was pushed over an embankment in Chico, California. Within three days, it became one of the 10 largest wildfires in state history. Within nine days, it was among the top four. Still burning at over 429,000 acres, firefighters continue to tackle the historic blaze. Using data from Cal Fire, CBS News put together an animation to show just how quickly and far the flames have spread.
There are plenty of considerations for those interested in making the investment, according to industry experts.
Joro spiders have hearts that are able to withstand the loud and bustling noises of big cities, according to a study published on Monday.
Susan Lorincz, a White woman accused of killing her neighbor Ajike "A.J." Owens, a Black woman, during a dispute in Ocala, Florida, has been found guilty of manslaughter.
Susan Lorincz, 60, faces up to 30 years in prison at sentencing for the shooting death of her neighbor, Ajike "A.J." Owens.
Lisa Jeanine Findley, 53, faces federal charges of mail fraud and aggravated identity theft.
The manhunt for a convicted murderer who escaped from custody is over. Police found Ramone Alston early Friday morning at a hotel outside of Charlotte, North Carolina, more than a hundred miles from the Hillsborough hospital parking lot he ran from on Tuesday.
The escaped killer of a 1-year-old girl who fled from a medical transport van, Ramone Alston, was captured days later in a hotel in the Charlotte, N.C. suburb of Kannapolis, authorities said.
CBS News spoke with the astrophotographer behind the viral photo about his mission to drive people to look at the night sky before it changes "within the period of our lifetime."
Seventy-one days after launch, NASA finally nears a decision on whether Boeing's Starliner will return to Earth with, or without, a crew.
NASA held a press briefing Wednesday and announced a decision will be coming on how the Boeing Starlink capsule crew stuck at the International Space Station will proceed with their mission in space. CBS News' Lindsey Reiser has more.
The historic, privately financed space flight will carry humans above Earth's ice caps for the first time.
The Perseid meteor shower peaked in the night skies of Sunday into Monday, giving astronomy fans one of the best shows of 2024 as they looked to the skies.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
Americans will soon be able to negotiate how much they want to pay realtors in commission as part of a National Association of Realtors settlement with a nationwide group of homeowners. Medora Lee, a money and personal finance reporter with USA Today, joins CBS News with more details.
The U.S. is leading peace talks in Switzerland as Sudan continues to suffer from a civil war that has killed more than 150,000 people and displaced millions. Ben Solomon, a senior video correspondent for the Wall Street Journal, reports.
Susan Lorincz, a White woman accused of killing her neighbor Ajike "A.J." Owens, a Black woman, during a dispute in Ocala, Florida, has been found guilty of manslaughter.
President Biden appeared hopeful Friday after the Israel-Hamas cease-fire talks in Qatar that will apparently resume in Cairo, Egypt, next week. CBS News' Charlie D'Agata breaks down what's known about the negotiations.
Vice President Kamala Harris rolled out her plan to address specific economic policies Friday while campaigning in Raleigh, North Carolina. Her proposals include subsidizing low-wage workers and families with children. Harris also proposed some benefits for first-time homebuyers. CBS News' Nancy Cordes reports and David Wessel, a senior fellow in economic studies at Brookings, breaks down how economists may view some of the proposals.