Trump says it’s “highly unlikely” he fires Fed Chair Jerome Powell – CBS News Watch CBS News President Trump on Tuesday night privately floated firing Federal Reserve Chairman Jerome Powell, then publicly backed away on Wednesday. CBS News chief White House correspondent Nancy Cordes reports. Be the first to know Get browser notifications for breaking … Read more
Inflation rose in June, data shows. Here’s what economists expect for prices moving forward. – CBS News Watch CBS News The Consumer Price Index reveals prices grew faster in June than in May. The annual inflation rate ticked up to 2.7%, the highest level since February. With new tariffs set for August, economists warn prices … Read more
The push for honest “Made in USA” labels – CBS News Watch CBS News As President Trump’s trade war expands, one slogan gaining traction — “Made in the USA” — is no longer just a pitch, it’s a rallying cry. Ash-har Quraishi reports. Be the first to know Get browser notifications for breaking news, live … Read more
Trump now says “everybody has to pay” on Aug. 1 tariff deadline – CBS News Watch CBS News President Trump conducted a Cabinet meeting in front of cameras on Tuesday and took questions on his new deadline of Aug. 1 to impose tariffs on over a dozen nations. CBS News’ Ed O’Keefe and Kelly O’Grady … Read more
How Trump’s new spending law will impact taxes – CBS News Watch CBS News Does President Trump’s new economic law really wipe away taxes on Social Security and tips? CBS News MoneyWatch correspondent Kelly O’Grady dives into the fine print. Be the first to know Get browser notifications for breaking news, live events, and exclusive … Read more
What to know about Trump’s new tariff deadline – CBS News Watch CBS News President Trump notified Japan, South Korea and another dozen countries on Monday that they would face 25% tariffs on all exports to the U.S. starting Aug. 1. CBS News senior White House and political correspondent Ed O’Keefe reports. Be the first … Read more
The June jobs report that beat expectations – CBS News Watch CBS News The June jobs report beat expectations, with more than 140,000 new positions added last month. The unemployment rate declined to 4.1%. But there is more to the numbers than just the headline. Jo Ling Kent explains. Be the first to know Get … Read more
Why the June jobs report beat expectations – CBS News Watch CBS News New jobs numbers on Thursday revealed a stronger than expected month of June, but a deep dive inside the numbers reveals some not so pleasant surprises. CBS News MoneyWatch correspondent Kelly O’Grady explains. Be the first to know Get browser notifications for … Read more
The U.S. economy shrank faster than previously thought during the first three months of 2025, with growth contracting for the first time in three years. The country’s gross domestic product fell at an annual rate of 0.5% from January through March, the Commerce Department reported Thursday in its third and final GDP report for the period. … Read more
What are stablecoins and how does the GENIUS Act regulate them? – CBS News Watch CBS News Last week, in a bipartisan vote, the Senate passed the GENIUS Act, creating a regulatory framework for stablecoins. Dante Disparte, chief strategy officer at the financial technology company Circle, joins “The Takeout” to explain how stablecoins work and … Read more