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Government shutdown costing the economy billions of dollars each week
10+ mon, 6+ day ago (795+ words) November 7, 2025 / 3:00 PM EST / CBS News With bipartisan congressional talks to end the U.S. government shutdown bogging down on Friday, the hit to the national economy is growing, experts said. "Even if there is a reopening of the government in the next…...
These 3 charts highlight the affordability issues Americans worry about most
6+ mon, 2+ week ago (900+ words) Updated on: February 24, 2026 / 11:27 PM EST / CBS News President Trump gave his 2026 State of the Union address on Tuesday evening, during which he addressed, among other topics, the economy — an urgent topic of concern for millions of Americans who say they're…...
What caused inflation to soar to its highest point in 3 years?
3+ mon, 3+ day ago (40+ words) Inflation surged again in May due to high energy costs and supply constraints worsened by the Iran war. Madison Mills, a senior reporter at Axios, joins to discuss. What caused inflation to soar to its highest point in 3 years?...
The first inflation report under new Fed chief Kevin Warsh is out — and it's not good
3+ mon, 2+ week ago (231+ words) May 28, 2026 / 8:35 AM EDT / CBS News The first inflation report under new Federal Reserve chief Kevin Warsh was released on Thursday, and it shows consumer prices in April were at their highest level in almost three years. The personal consumption expenditures…...
Does homebuying make sense this fall? Pros and cons experts say to know now
11+ mon, 2+ week ago (861+ words) September 29, 2025 / 10:49 AM EDT / CBS News Over the past few years, prospective homebuyers had to contend with elevated mortgage interest rates, low for-sale inventory and steep home prices. These factors have kept many would-be homebuyers on the sidelines, but the housing…...
CPI report shows inflation rose at a 2.7% annual pace in November, cooler than expected
8+ mon, 3+ week ago (761+ words) Updated on: December 19, 2025 / 4:13 PM EST / CBS News The Consumer Price Index rose at an annual rate of 2.7% in November, cooler than economists had forecast and a sign that price pressures may be easing. The CPI was expected to rise 3% on…...
In Texas, high schools bet on a bright future for oil and gas careers under Trump
3+ mon, 3+ week ago (1485+ words) The fossil fuel industry pumps millions into preparing high schoolers for jobs as lease operators, technicians and more. The president’s call to “drill, baby, drill” has reinvigorated that work. This story was produced by The Hechinger Report, a nonprofit, nonpartisan…...
What to expect as Jerome Powell's tenure ends as Federal Reserve chair
3+ mon, 4+ week ago (51+ words) Kevin Warsh is expected to take over as chair of the Federal Reserve as Jerome Powell concludes his tenure. Kristin Myers, the senior vice president of content and editor in chief of ETF.com, joins CBS News with more. What…...
Wholesale turkey prices soar ahead of Thanksgiving. Here's what's behind the surge.
10+ mon, 3+ day ago (512+ words) Updated on: November 11, 2025 / 8:21 AM EST / CBS News Turkeys aren't known for flying but their prices are soaring ahead of the Thanksgiving holiday. A September outlook report from the United States Agriculture Department estimates that wholesale prices for frozen turkeys will…...
Federal Reserve holds interest rates steady as Chair Powell's term nears end
4+ mon, 2+ week ago (42+ words) The Federal Reserve held its benchmark interest rate steady on Wednesday as the U.S. economy continues to grapple with rising inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more. Federal Reserve holds interest rates steady as Chair Powell's term nears end...