GOP tax bill could cost low-income Americans $1,600 per year, CBO says
The highest-earning U.S. households would see the biggest gains under the GOP budget package thanks to tax cuts, CBO analysis finds.
Taxes
Billions in taxes are never collected
About 15% of taxes every year aren't collected, the IRS estimates. Here’s what makes up that "tax gap" -- and how simply auditing more wealthy people could fill it.
Trump gives up New York as primary residence
President Trump is setting up his permanent residence in Florida, where he owns multiple properties. In doing so, the President is leaving behind his home state of New York. Ben Tracy asked the president about the move.
Speaker Ryan: lower taxes
House Speaker Paul Ryan, R-Wisconsin discusses the objectives of the Republican tax plan.
Schumer on GOP tax plan
Senate Minority Leader Chuck Schumer, D-New York, shares his analysis of the GOP tax plan with Face the Nation Moderator John Dickerson.
A taxing proposition
California recently tested a pre-filled tax return system that filers overwhelmingly deemed easier and cheaper to use. But the ReadyReturn system was overwhelmingly unpopular with another contingent: the tax preparation industry, including Intuit, creator of TurboTax, which lobbied against expanding the program. Chip Reid talks with advocates who claim pre-filled tax returns could help millions of Americans save time and money, and also finds out why there are some who don't like that idea.
California Gov. Gavin Newsom is floating a federal tax boycott
California Gov. Gavin Newsom suggested withholding the state's taxes amid reports the Trump administration may cut funding for the state's universities.
House Majority Whip Tom Emmer on budget bill
Several key Republican senators share Elon Musk's concerns that the budget bill will drive up the deficit and are pushing for significant changes to the package. House Majority Whip Tom Emmer joins "The Takeout" to discuss.
Money Over the Years
What has Andy Rooney done with all of his money? Even he doesn't know.
Candidate Obama, Part 1
In separate interviews, the two parties' presidential nominees are questioned on the big issues, including the U.S. economy, the Iraq and Afghanistan wars, energy policy and health care. Steve Kroft interviews Sen. Barack Obama.
The Pledge: Grover Norquist's hold on the GOP
Steve Kroft interviews the man many blame for holding up the deficit-reduction process because of an anti-tax pledge that he enforces.
Ro Khanna on Musk's budget bill criticism
What do Democrats think about Elon Musk's call to kill the Trump agenda budget bill? Rep. Ro Khanna of California joins "The Takeout" with his reaction.
House Budget chair on Musk's bill criticism
House Republicans keep warning their Senate GOP counterparts: Don't tinker with the economic bill they passed with one vote to spare. The Senate, however, is doing just that. House Budget Committee Chairman Jodey Arrington of Texas joins "The Takeout" to discuss where that could leave the Trump economic agenda.
Senate taking up Trump budget bill this week
The Senate returned to Capitol Hill on Monday with President Trump's massive budget bill atop lawmakers' agendas. CBS News congressional correspondent Nikole Killion has the latest.
How Senate GOP could change Trump budget bill
Senate Republicans will begin rewriting the House budget bill, which contains President Trump's economic agenda, this week. Former GOP Rep. Kevin Brady of Texas joins "The Takeout" to describe what it was like when that happened to him in 2017.
McCarthy: Johnson "fantastic" as speaker
House Speaker Mike Johnson scored a victory earlier in May when he wrangled enough votes to pass President Trump's budget bill. Former House Speaker Kevin McCarthy joins "The Takeout" to assess his successor's performance in the role.
Potential path for Democrats under Trump 2.0
With Republicans in control of the White House and both chambers of Congress, Democrats are hoping to build the party back following their 2024 losses. CBS News chief Washington analyst Robert Costa, political contributor Chuck Rocha and political analyst Leslie Sanchez join "The Takeout" to discuss further.
RNC chair on political landscape under Trump
Republican National Committee Chair Michael Whatley joins "The Takeout" to discuss the first four months of President Trump's second term, the GOP budget bill and more.
Tax cuts, extensions in Trump budget bill
President Trump's so-called "big, beautiful" bill includes tax cuts and extensions, and a proposal to create $1,000 "Trump accounts" for babies born during his second administration. Ann-Margaret Carrozza, an asset protection attorney and former assemblywoman, discusses.
How GOP bill's new tax rules for tips and overtime could impact you
The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.
Key features of House GOP budget bill
The House delivered President Trump a narrow win on his budget bill Thursday. Lawmakers approved the legislation by a 215-214 vote after a marathon overnight session. CBS News congressional correspondent Nikole Killion has the details.
How House GOP passed Trump's budget bill
House Republicans passed President Trump's budget bill by a single vote early Thursday morning. Leigh Ann Caldwell, chief Washington correspondent for Puck News, and Juliegrace Brufke, Capitol Hill reporter for 24sight News, join "America Decides" to discuss how the legislation came together after last-minute changes and its chances in the Senate.
Stocks close relatively flat
One day after it tumbled more than 800 points, the Dow Jones landed in the red by the tiniest of margins on Thursday. CBS News contributor JD Durkin examines the market.
Here's who could benefit from the proposed $40,000 SALT deduction cap
The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some homeowners.
Why there's no tax break for Social Security benefits in the new tax bill
Seniors are unlikely to get a break on paying taxes on their Social Security benefits, an issue that impacts more people each year.
DOJ releases huge new set of Epstein files with many mentions of Trump
The Justice Department early Tuesday released more than 11,000 additional documents and photos from the Jeffrey Epstein files.
Supreme Court says Trump can't deploy National Guard to Chicago for now
President Trump invoked a law called Title 10 to bring members of the Illinois National Guard under federal service over the objections of state and local leaders.
19 states and D.C. sue HHS over effort to ban transgender care for minors
The declaration issued by the U.S. Department of Health and Human Services called treatments like puberty blockers, hormone therapy and surgeries unsafe and ineffective for children and adolescents experiencing gender dysphoria.
2 dead, about 20 injured in nursing home explosion in Pennsylvania, officials say
At least two people were killed and about 20 more injured in an explosion at a nursing home in Bristol, Pennsylvania, officials said.
3 die in explosion in area of Moscow where car bomb killed a general Monday
Three people, including two police officers, were killed in an explosion in Moscow, Russian investigators said, days after a car bomb killed a high-ranking general not far away.
D.C. National Guard shooting suspect facing 5 additional federal charges
Rahmanullah Lakanwal, a 29-year-old Afghan national, is accused of fatally shooting Army Spc. Sarah Beckstrom and wounding Air Force Staff Sgt. Andrew Wolfe.
Body of missing 9-year-old California girl Melodee Buzzard found, mother arrested
Authorities said Melodee Buzzard's body was found in a rural area outside of Cainville, Utah, and her mother was arrested Tuesday morning.
California farming magnate arrested in Arizona in wife's shooting death
A prominent California farmer was arrested in the shooting death of his estranged wife in a remote mountain community in Arizona, authorities said.
Exclusive
Trump administration seeks to cancel thousands of asylum cases
ICE has filed more than 8,000 requests to toss out asylum claims in immigration court, asking judges to send immigrants to third-party countries.
U.S.
More U.S.
California farming magnate, arrested in Arizona in wife's shooting death
A prominent California farmer was arrested in the shooting death of his estranged wife in a remote mountain community in Arizona, authorities said.
What's open on Christmas Eve 2025? See which stores are operating.
Many businesses adjust their hours on Christmas Eve, so it's best to plan ahead if you need to do any last-minute shopping.
19 states and D.C. sue HHS over effort to ban transgender care for minors
The declaration issued by the U.S. Department of Health and Human Services called treatments like puberty blockers, hormone therapy and surgeries unsafe and ineffective for children and adolescents experiencing gender dysphoria.
D.C. National Guard shooting suspect facing 5 additional federal charges
Rahmanullah Lakanwal, a 29-year-old Afghan national, is accused of fatally shooting Army Spc. Sarah Beckstrom and wounding Air Force Staff Sgt. Andrew Wolfe.
Student loan borrowers in default could see wages garnished in 2026
The Education Department signaled earlier this year that it would move to resume wage garnishment, among other forms of involuntary collection, for those in default.
MoneyWatch
More MoneyWatch
California farming magnate, arrested in Arizona in wife's shooting death
A prominent California farmer was arrested in the shooting death of his estranged wife in a remote mountain community in Arizona, authorities said.
What's open on Christmas Eve 2025? See which stores are operating.
Many businesses adjust their hours on Christmas Eve, so it's best to plan ahead if you need to do any last-minute shopping.
Student loan borrowers in default could see wages garnished in 2026
The Education Department signaled earlier this year that it would move to resume wage garnishment, among other forms of involuntary collection, for those in default.
Even store Santas are struggling to find a job these days
Job listings for store Santas have plunged in recent years as more families shop online and retailers look to contain costs, a new analysis found.
Consumer confidence continues to fade despite heady economic growth
Concerns about inflation, tariffs and politics weighed on consumer sentiment in December, The Conference Board said.
Politics
More Politics
19 states and D.C. sue HHS over effort to ban transgender care for minors
The declaration issued by the U.S. Department of Health and Human Services called treatments like puberty blockers, hormone therapy and surgeries unsafe and ineffective for children and adolescents experiencing gender dysphoria.
Student loan borrowers in default could see wages garnished in 2026
The Education Department signaled earlier this year that it would move to resume wage garnishment, among other forms of involuntary collection, for those in default.
Supreme Court says Trump can't deploy National Guard to Chicago for now
President Trump invoked a law called Title 10 to bring members of the Illinois National Guard under federal service over the objections of state and local leaders.
Former GOP Sen. Ben Sasse says he has stage-four pancreatic cancer
Republican Ben Sasse represented Nebraska in the U.S. Senate from 2015 to 2023, then became president of the University of Florida.
FCC banning new foreign-made drones, a move China calls "discriminatory"
The Federal Communications Commission says it's banning new foreign-made drones, a move that will keep new Chinese-made drones out of the U.S. market.
HealthWatch
More HealthWatch
FDA approves Wegovy pill for weight loss
The Food and Drug Administration has approved a pill version of the weight-loss drug Wegovy.
Aetna to cover IVF treatments for same-sex couples in national settlement
A federal judge has approved a preliminary agreement for a class action lawsuit requiring Aetna to cover fertility treatments for same-sex couples as they do with heterosexual couples.
Flu season is ramping up, and some experts are "pretty worried"
Doctors and scientists say this year's influenza season could be tougher than usual, with a new version of the flu virus, called H3N2, spreading quickly.
Finding hope through cancer clinical trials
#LillyPartner Cancer clinical trials can offer patients access to investigational treatments that can be explored as early as the time of diagnosis. Ovarian cancer survivor Alicia Dellario and Dr. Arjun Balar, senior vice president of global clinical development at Eli Lilly and Company, join "CBS Mornings" to talk about the potential benefits of cancer clinical trials -- and clarify common misconceptions. Visit cancerclinicaltrials.lilly.com for more information. (Sponsored by Eli Lilly and Company)
Details on new flu strain as cases rise
The Centers for Disease Control and Prevention estimates there have been 4.6 million flu cases across the U.S. since the season began. Dr. Amanda Kravitz, a pediatrician at Weill Cornell in New York, explains what to know about rising cases, symptoms to watch for and how to protect your family.
World
More World
3 die in explosion in area of Moscow where car bomb killed a general Monday
Three people, including two police officers, were killed in an explosion in Moscow, Russian investigators said, days after a car bomb killed a high-ranking general not far away.
Louvre adds security bars to window used by jewel thieves
Maintenance workers secured metal bars over the window thieves used to break into the Louvre in October.
Major pre-Christmas Russian attack on Ukraine kills at least 3
Russia fired more than 650 drones and three dozen missiles at Ukraine in a major pre-Christmas attack, killing at least three people including a child.
U.S. military hits alleged "low-profile" drug vessel in Pacific, killing 1
The U.S. military says it struck a vessel that was allegedly carrying drugs in the eastern Pacific on Monday, killing one person — part of a months-long campaign of boat strikes near Latin America.
British man charged with repeatedly drugging and raping his now ex-wife
Philip Young was charged with 56 sexual offences, including multiple counts of rape and administering a substance with the intent to "stupefy" Joanne Young, his ex-wife.
Entertainment
More Entertainment
Taylor Swift donates $1 million to Feeding America, group says
Feeding America's CEO said the organization is "incredibly grateful" for Taylor Swift's large donation.
A look at "The Artist" murder mystery series
Actor Mandy Patinkin and writer and director Aram Rappaport are behind the new murder mystery series, "The Artist," which is a work of historical fiction set in the Gilded Age. They speak to "CBS Mornings" about the series and how it got started. Patinkin also reflects on the life of Hollywood icon Rob Reiner.
Aubrey O'Day opens up about disturbing Sean "Diddy" Combs affidavit
Aubrey O'Day discusses the disturbing witness affidavit involving Sean "Diddy" Combs in a "CBS Mornings" interview on Tuesday.
How to watch the Kennedy Center Honors tonight on CBS and Paramount+
The 2025 Kennedy Center Honors will be broadcast tonight, Dec. 23, celebrating George Strait, Gloria Gaynor, Kiss, Michael Crawford and Sylvester Stallone.
"Call of Duty" co-creator Vince Zampella dies after crash on Los Angeles highway
Vince Zampella, a video game developer known for pioneering iconic franchises like "Call of Duty," died in a car crash on the Angeles Crest Highway in Los Angeles County on Sunday afternoon.
Technology
More Technology
Technology
Instacart ending AI price tests for retailers
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
Tech companies push for data centers
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
How AI powered robots are helping small farms
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.
Top tech gadgets of 2025
Timothy Werth, a tech editor at Mashable, joins "CBS News 24/7" to discuss the best gadgets of 2025.
Instacart to end AI price tests for retailers following investigation
Instacart had drawn criticism for testing an AI-based system that enabled retailers to charge different prices for the same grocery items.
Science
More Science
Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Crime
More Crime
California farming magnate, arrested in Arizona in wife's shooting death
A prominent California farmer was arrested in the shooting death of his estranged wife in a remote mountain community in Arizona, authorities said.
D.C. National Guard shooting suspect facing 5 additional federal charges
Rahmanullah Lakanwal, a 29-year-old Afghan national, is accused of fatally shooting Army Spc. Sarah Beckstrom and wounding Air Force Staff Sgt. Andrew Wolfe.
Officials: Melodee Buzzard's body recovered
California authorities announced Tuesday they have found the body of 9-year-old Melodee Buzzard and arrested her mother for murder. See the full news conference.
Delaware state trooper killed in DMV shooting
A Delaware state trooper was killed Tuesday during a shooting at a Wilmington DMV, the Delaware State Police said. The state's governor confirmed the shooter is also dead.
New trove of Epstein files released
The DOJ released more than 10,000 files in the Jeffrey Epstein case. The release includes court records, emails, news clippings, photos, spreadsheets, audio and video files. It also offers new details on Epstein's associates, including President Trump. Mr. Trump has not been charged in connection with Epstein and the new documents do not accuse him of any crime. Scott MacFarlane has more.
Space
More Space
Space
NASA's search for next lunar rover
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
Artemis 2 astronauts rehearse countdown for upcoming moon launch
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
Woman is first wheelchair user launched into space
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
Jared Isaacman, billionaire who's flown with SpaceX, confirmed to lead NASA
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
Latest Galleries
More Latest Galleries
Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
2 killed in Pennsylvania nursing home explosion
Two people are dead after an explosion at a nursing home in Bristol, Pennsylvania, and several are still missing, Gov. Josh Shapiro said. CBS Philadelphia reporter Nikki DeMentri reports.
Holiday train delivers Christmas cheer
When the Canadian Pacific Kansas City holiday train rolls into town, the tracks transform into a holiday festival. Lana Zak has the story.
Financial strains of the "sandwich generation"
Between now and 2030, about 10,000 Americans will turn 65 every single day, giving rise to a term known as the "sandwich generation" -- adults who find themselves caring for their aging parents while still raising their own children. CBS News spoke to one woman about her struggles.
FDA approves weight loss drug in daily pill form
Regulators at the U.S. Food and Drug Administration gave the green light to a pill version of the blockbuster weight-loss drug Wegovy, the first daily oral medication approved to treat obesity. Dr. Jon LaPook has more.
Bystanders pull survivors from deadly plane crash
Federal investigators are looking into what caused a deadly plane crash in Galveston Bay, off the Texas coast. A medical plane transporting a child burn victim from Mexico went down with eight people on board. Five were killed, including the 2-year-old. Karen Hua has more on the rescue mission.