
Here's what the Fed's interest rate pause means for your money
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
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After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
The U.S. averted disaster by raising the debt ceiling, but a mild recession is still possible even as job numbers remain hot, according to the head of Bank of America. Mark Strassmann breaks down how the U.S. economy is doing.
President Biden Saturday signed a bipartisan bill that will suspend the nation's debt ceiling and avoid what could have been a catastrophic government default. Christina Ruffini has more.
President Biden will likely sign the debt limit bill later today after the House and Senate approved it this week. It's a win for the president as the 2024 campaign season gets underway in earnest. CBS News Correspondent Wendy Gillette reports from New York.
President Biden delivered remarks from the Oval Office Friday night after Congress passed bipartisan legislation to suspend the U.S. debt limit until 2025. Watch his address in this CBS News Special Report, with analysis from Margaret Brennan and Nancy Cordes.
The president spoke less than 24 hours after the Senate approved the agreement in a bipartisan vote.
The U.S. Senate is now taking up the compromise bill to raise the debt ceiling and avoid a catastrophic default. The House overwhelmingly passed the measure on Wednesday, but there are some grumblings in the Senate. Natalie Brand reports.
Skyler Henry reports on members of the House of Representatives debating the White House debt ceiling deal (5-31-2023)
House Freedom Caucus members are unhappy with the debt ceiling deal between House Speaker Kevin McCarthy and President Biden.
Natalie Brand reports on members of the House of Representatives preparing to vote on the White House debt ceiling deal (5-31-2023)
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
Scott McFarland reports on criticism leveled from both sides of the aisle against debt limit bill (5-29-2023)
President Biden and House Speaker McCarthy both expressed optimism that they would be able to get their respective parties on board for the debt ceiling plan they negotiated. Natalie Brand has the latest.
The debt ceiling deal has cleared both chambers of Congress and is headed to the president's desk.
The House Democratic leader said he can guarantee the U.S. will not default on its debt.
Bradley Blackburn reports on agreement reached to raise debt limit just days ahead of default (5-28-2023)
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
The massive storms that soaked California at the beginning of this year allowed many in the state to automatically be granted a tax extension. But that’s causing problems for the U.S. balance sheet as it approaches the deadline to raise the debt ceiling. Julie Weil, a tax reporter for the Washington Post, has more.
Republican lawmakers want the government to slash federal spending, which ballooned during the pandemic.
President Joe Biden wrapped up a meeting with House Speaker Kevin McCarthy to discuss raising the debt ceiling as the U.S. government will soon run out of money to pay its bills -- and possibly dive into a recession if no deal is reached. Nicole Sganga reports.
Negotiations over the debt ceiling ended on Capitol Hill as President Joe Biden and House Speaker Kevin Mccarthy prepare for face-to-face talks Monday afternoon.
Following several meetings Friday, White House negotiators and Republican congressional leaders left the Capitol without an agreement on solving the nation's debt ceiling crisis. President Biden is expected to cut short his Asia-Pacific trip to return to Washington to address the issue. Christina Ruffini has the latest.
Without a deal, Treasury Secretary Janet Yellen has said the U.S. could be unable to pay its bills and might default on its debt as soon as June 1.
Skyler Henry reports on the stalemate in the negotiations to raise the debt ceiling and avoid the first federal default in United States history.
The treasury secretary moved up her estimate of when the U.S. risks defaulting on its debt.
San Francisco Bay Area communities are beginning to see how President Trump's recently passed "Big Beautiful Bill" will impact health care and food assistance programs.
Tyler Soderstrom opened Thursday night's game with a long home run and closed it with a one-out RBI single to give the Athletics a 5-4 11-inning victory over the Atlanta Braves.
A 22-year-old Oakland woman was sentenced Thursday for a string of bank robberies in the Bay Area and Sacramento, prosecutors said.
Matthew Muller, whose 2015 kidnapping of Denise Huskins was chronicled in the Netflix docuseries "American Nightmare," was sentenced to another life term for a separate home invasion that occurred just weeks later in Contra Costa County.
They say you can't teach an old dog new tricks. But in Santa Clara, there's a mutt trying to master the best one yet: how to "stay" a little longer.
San Francisco Bay Area communities are beginning to see how President Trump's recently passed "Big Beautiful Bill" will impact health care and food assistance programs.
A 22-year-old Oakland woman was sentenced Thursday for a string of bank robberies in the Bay Area and Sacramento, prosecutors said.
Matthew Muller, whose 2015 kidnapping of Denise Huskins was chronicled in the Netflix docuseries "American Nightmare," was sentenced to another life term for a separate home invasion that occurred just weeks later in Contra Costa County.
They say you can't teach an old dog new tricks. But in Santa Clara, there's a mutt trying to master the best one yet: how to "stay" a little longer.
It could have been the third year for the Sunset Night Market in San Francisco, but organizers said this year is a no-go after funding and planning issues.
It could have been the third year for the Sunset Night Market in San Francisco, but organizers said this year is a no-go after funding and planning issues.
One resident living in an RV said it gives him independence, without relying on government services. But he is worried about what will happen when he has to comply with the proposed two-hour limit on RV parking.
A former San Francisco prosecutor who helped produce a first-of-its-kind criminal justice reform law in the nation leads a nonprofit that works to safely release rehabilitated prisoners.
The family of an Atherton teacher and football coach who died after being hit by a garbage truck while bicycling to work has filed a wrongful death lawsuit against the garbage company and its driver.
Bryce Harper homered and doubled three times, Jesús Luzardo struck out seven and gave up three hits in seven innings, and the Philadelphia Phillies kept Justin Verlander winless with a 13-0 rout of the San Francisco Giants.
While most high school students are enjoying their summer vacation, a group of East Bay teens decided they would rather spend their free time in the classroom and try to perfect their latest invention.
The city of Oakland has issued hundreds of tickets to abandoned vehicles that were reported stolen, creating a problem for both the victims of the crime and the city, according to an Alameda County Civil Grand Jury report.
A man who was fatally shot overnight was found by Richmond Police officers early Thursday, in the city's first homicide in nearly a year.
Authorities are investigating after a driver was wounded in a shooting along Interstate 680 in Contra Costa County early Thursday morning.
Two convenience stores in Oakland were targeted early Thursday morning in separate burglaries in which suspects rammed vehicles into the businesses.
San Francisco Bay Area communities are beginning to see how President Trump's recently passed "Big Beautiful Bill" will impact health care and food assistance programs.
They say you can't teach an old dog new tricks. But in Santa Clara, there's a mutt trying to master the best one yet: how to "stay" a little longer.
Thousands of people have signed an online petition seeking an independent investigation into how Morgan Hill police handled the investigation into the disappearance and murder of Marissa DiNapoli.
It was 1964 when the wrecking ball began tearing apart downtown Santa Clara, transforming what had been, for generations, a quaint city center into the dream of a modern, high-rise, futuristic utopia.
Workers with Republic Services in Stockton are on strike, and a number of union workers in the Bay Area say working would be crossing the extended picket line.
A San Francisco Bay Area man has been arrested on suspicion of impersonating a peace officer after he allegedly posed as a bounty hunter, authorities said.
Mark, his wife Sara and their 14-year-old son Johnny are missing after the devastating floods in Central Texas on the Fourth of July. They were last known to be staying at a house along the Guadalupe River.
A Bay Area family is believed to be among those missing in the catastrophic floods in Texas that have killed dozens of people.
Just hours before it was set to begin, the Fourth of July fireworks show in Sausalito was canceled after "an unexpected issue," Sausalito Parks and Recreation said Friday evening.
More than a year after a bank branch in Santa Rosa was robbed, police said they made an arrest in the case Thursday morning.
Tyler Soderstrom opened Thursday night's game with a long home run and closed it with a one-out RBI single to give the Athletics a 5-4 11-inning victory over the Atlanta Braves.
Star NFL running back Najee Harris of the Los Angeles Chargers has been injured in a Fourth of July fireworks mishap, according to his agent.
New York Mets pitcher David Peterson has been added to the NL roster for the All-Star Game, replacing San Francisco left-hander Robbie Ray.
Athletics slugger Brent Rooker is adding his name to the list of Home Run Derby participants.
Practice rounds are underway at Edgewood Tahoe for the American Century Championship happening this weekend.
A 22-year-old Oakland woman was sentenced Thursday for a string of bank robberies in the Bay Area and Sacramento, prosecutors said.
The city of Oakland has issued hundreds of tickets to abandoned vehicles that were reported stolen, creating a problem for both the victims of the crime and the city, according to an Alameda County Civil Grand Jury report.
Thousands of people have signed an online petition seeking an independent investigation into how Morgan Hill police handled the investigation into the disappearance and murder of Marissa DiNapoli.
A man who was fatally shot overnight was found by Richmond Police officers early Thursday, in the city's first homicide in nearly a year.
Authorities are investigating after a driver was wounded in a shooting along Interstate 680 in Contra Costa County early Thursday morning.
While most high school students are enjoying their summer vacation, a group of East Bay teens decided they would rather spend their free time in the classroom and try to perfect their latest invention.
A Bay Area teen pilot has come up with a new AI tool to prevent dangerous situations in the air, for pilots who are not getting a lot of help on the ground.
Musk's xAI released an updated version of Grok a day after the chatbot made antisemitic posts on X.
Yaccarino joined X in June 2023, shortly after billionaire Elon Musk bought the site formerly known as Twitter.
Chipmaker Nvidia became the first public company to top $4 trillion in value on Wednesday after two-year investor frenzy.
While most high school students are enjoying their summer vacation, a group of East Bay teens decided they would rather spend their free time in the classroom and try to perfect their latest invention.
Stanford researchers have discovered a breakthrough technology that shrinks and removes blood clots to treat strokes, heart attacks, and other clot-related diseases.
A growing number of young adults are grappling with a health issue they once thought was decades away: hearing loss.
According to the union, a federal judge denied their request to stop UCSF Health from proceeding to cancel union contracts. The cancellation would turn employees into direct UCSF employees, effective July 6.
With the FDA recently rejecting a drug application that aims to help those living with Barth Syndrome, one Bay Area family is frustrated by the delay of approved treatments in the rare disease community.
Patty Hartman, who worked with the public affairs team on Jan. 6 prosecutions, was fired Monday by Pam Bondi.
A federal judge in New Hampshire certified a class action lawsuit over President Trump's birthright citizenship order and issued a preliminary injunction blocking it.
One resident living in an RV said it gives him independence, without relying on government services. But he is worried about what will happen when he has to comply with the proposed two-hour limit on RV parking.
It was 1964 when the wrecking ball began tearing apart downtown Santa Clara, transforming what had been, for generations, a quaint city center into the dream of a modern, high-rise, futuristic utopia.
The Trump administration is suing California Gov. Gavin Newsom over his state's animal cruelty laws, arguing they are contributing to high egg prices.
A Bay Area mother and her adult son are recalling with pride their family journey in a lesbian household that bucked traditional expectations of masculinity.
San Francisco International Airport has been declared among the world's "most beautiful" for its design of Harvey Milk Terminal 1, which was completed last year.
Hope, Love, Pride — A Celebration will showcase live reporting from the parade route, special guests in studio, and stories from throughout Pride month that feature people from the Bay Area's LGBTQ community.
The Dyke March was back in San Francisco and after a six-year hiatus, new organizers came together to put on the event.
On the edge of Oakland, right by the bay, something fabulous is afoot.
The annual Fourth of July fireworks show on the San Francisco waterfront will be held at 9:30 p.m. on Friday.
Joey Chestnut is returning to the 2025 Nathan's Hot Dog Eating Contest. Here's how and when to watch.
Michael Madsen apparently went into cardiac arrest and was found unresponsive in his home in Malibu, California, on Thursday morning, according to his manager.
Here is a rundown of confirmed 2025 July 4th fireworks shows, drone shows, and other events in the San Francisco Bay Area.
The verdict in the Sean "Diddy" Combs trial comes after the high-profile proceedings started in May.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
San Francisco Bay Area communities are beginning to see how President Trump's recently passed "Big Beautiful Bill" will impact health care and food assistance programs.
ICE raids and court rulings have put some immigrant communities on edge, prompting a need to learn about and understand individual rights. Kara St. Cyr reports the Alameda County Law Library is a prime source of information.
A librarian at the Alameda County Law Library said she's recently seen a steady flow of people seeking information on immigration law.
The Sunset Night Market in San Francisco is on hiatus this year, and may have become a victim of its success. Sooji Nam reports.
They say you can't teach an old dog new tricks. But in Santa Clara, there's a mutt trying to master the best one yet: how to "stay" a little longer.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.