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110 stories from Planck Standard. Latest: September 15, 2026.
Median income rose 2.6% in 2025, the official poverty rate fell to 10.2% and child poverty hit a record low of 13.4%. Women's earnings rose 3.2% while men's did not move, and the top 10% gained while the bottom 10% slipped.
WatchThe pledge came an hour into his speech at the RNC's first midterm convention in Dallas. Paying it would cost more than $1 trillion, and Congress would have to approve it.
That's the highest since October 2023, with the national debt past $40 trillion. Analysts told CBS News the buyback is 'tinkering on the periphery.'
The six-month war with Iran has scrambled global fuel flows, and diesel moves nearly everything Americans buy. Grocers say fuel is 15 to 30 percent of what food costs to deliver.
WatchThe Labor Department also erased July's reported job losses, revising the month from a 23,000 decline to a 21,000 gain. Wages are still running behind inflation.
Kevin Warsh never used the word 'hike.' Economists heard one anyway, with unemployment at 4.1% and underlying inflation refusing to improve.
The second straight month of cooling brings the annual rate down from a 4.2% peak in May. But energy prices remain the reason it is not lower, and July's job losses have complicated the Fed's September decision.
WatchEconomists had penciled in 83,000 new jobs. Instead payrolls shrank for the first time in five months, wage growth fell to 0.1%, and the share of Americans in the workforce hit its lowest level since February 2021.
American employers announced 33,429 job cuts last month, down 46% from a year earlier, while artificial intelligence accounted for a third of them for the fifth straight month.
With gasoline above $4 a gallon and Brent crude sliding, the president singled out the two largest U.S. oil companies by name and said they had better hand some of it back.
The bank committed to financing 1 million affordable units and helping 500,000 people buy homes by 2035, a 40% increase over its housing capital in the previous 10 years.
A new Echelon Insights and Brunswick Group survey found affordability is the top concern for 41% of voters — and a CBS News poll found only about a third think either party is doing anything about it.
Freddie Mac's 30-year average climbed eight basis points as the Iran war pushed oil and Treasury yields higher and the Fed signaled its next move is more likely up than down.
The Commerce Department's advance estimate came in well below the 2.1% economists expected, even as consumer spending accelerated. The price index for gross domestic purchases jumped to 5.7%.
Pump prices are up 34% since fighting began, and a Houthi threat to a second oil chokepoint has traders bracing for a fresh energy shock just as the Federal Reserve was closing in on its 2% target.
Brent crude climbed toward $84 a barrel and pump prices rose again as the president moved to choke off Iranian oil exports, even as cooler inflation data lifted U.S. stocks.
The Union Cabinet approved seven major projects on Wednesday — led by a vastly expanded semiconductor push and a Rs 62,500 crore mobile-phone manufacturing scheme — in a sweeping bid to make India a global electronics hub.
WatchConsumer prices unexpectedly fell 0.4% last month, dragging the annual rate down from May's three-year high and pushing the S&P 500 back toward record territory as bets on a rate increase faded.
Tax advisers report a surge in wealthy clients preparing to leave the UK amid speculation that a Burnham government with Ed Miliband as chancellor could raise capital-gains taxes or impose an exit levy.
The justices affirmed that children born on U.S. soil are citizens regardless of their parents' status — a decision researchers say protects a group projected to add trillions to the economy.
Crude jumped about 8% toward $80 a barrel after the president threatened to blockade the world's most important oil chokepoint, through which roughly a fifth of global supply flows.
The sharp slowdown from May's gains rattled economists and revived worries about the labor market, with wage growth trailing inflation for a third straight month.
The International Monetary Fund said the American economy retains 'solid momentum' and praised new Federal Reserve Chair Kevin Warsh's commitment to price stability, even as looming tariffs cloud the second-half outlook.
The program’s trustees moved the depletion date a year earlier, warning that more than 70 million Americans face automatic cuts of about $500 a month unless Congress acts.
In Kevin Warsh's first meeting as chair, the Federal Reserve left its benchmark rate unchanged and erased its projected 2026 cut, with some officials now signaling a hike could come as soon as October.
In Kevin Warsh's first meeting as Federal Reserve chair, policymakers kept the benchmark rate at 3.5% to 3.75% but dropped their bias toward cuts, with nine of 18 officials now projecting a rate increase before year's end.
WatchConsumer prices jumped 0.5% for the month, driven by a 40.5% annual spike in gasoline tied to the closure of the Strait of Hormuz, as the Fed prepares to meet June 17.
Wholesale inflation surged to its highest level since late 2022, as fuel prices pushed higher by the war with Iran ripple across the economy.
Wholesale inflation has reached its highest level since late 2022, as fuel price increases from the ongoing conflict ripple across the economy.
Polling data shows extraordinary swing among key demographic that helped propel president to victory.
Stocks rallied and crude prices sank more than 3% after the president said an agreement to end the war and reopen the Strait of Hormuz could be signed within days.
Wholesale inflation reached its highest level since late 2022 as fuel price increases from the Iran conflict ripple through the economy.
Rising fuel prices driven by Middle East conflict are creating widespread inflationary pressures across the U.S. economy, hitting businesses particularly hard.
Consumer Price Index report shows dramatic increase from previous months while workers struggle with purchasing power as wages fail to keep pace with rising costs.
Consumer Price Index data shows airline tickets up 27% as workers struggle with wages that lag behind rising costs ahead of Fed Chair Kevin Warsh's first meeting.
Hiring nearly doubled economists' expectations as restaurants, bars and hotels led the way — but wage growth trailed inflation, squeezing workers even as the labor market held firm.
Citing a Section 301 investigation into goods made with forced labor, U.S. Trade Representative Jamieson Greer proposed duties spanning Canada to China — months after the Supreme Court struck down the president's earlier tariff regime.
With energy prices climbing on the Gulf crisis and the labor market holding steady, Cleveland Fed President Beth Hammack signaled the central bank may soon need to tighten rather than cut.
Brent crude has surged roughly 50 percent since the war began, war-risk insurance has quintupled and Goldman Sachs estimates 14.5 million barrels a day have vanished from global production as the Strait of Hormuz stays shut.
Employers maintained steady hiring pace in May, but wage growth fails to keep up with rising prices as consumer pessimism persists.
Labor market maintains steady hiring pace as employers navigate rising costs and consumer spending constraints from persistent price increases.
Despite overall labor market improvements, entry-level hiring has stagnated, threatening to scar an entire generation of workers with permanent career setbacks.
The Labor Department's JOLTS report showed openings jumping 731,000 in a single month, blowing past forecasts and complicating the Federal Reserve's path on interest rates.
While the president's endorsed candidates are winning Republican primaries across the country, party strategists worry about appealing to voters beyond Trump's base in a challenging economic climate.
More than three-quarters of Americans, including majority of Republicans, say president's policies have increased local cost of living.
Discussions suggest the U.S. and Iran remain far from reaching a deal to end the economically damaging conflict.
The Philadelphia Fed's Survey of Professional Forecasters nearly doubled its second-quarter CPI estimate as the Strait of Hormuz crisis sends gasoline above .50 a gallon and one-year consumer inflation expectations hit a 40-year high.
Iranian attacks and blocked shipping routes have paralyzed the wealthy nation's vital energy sector, stalling economic diversification plans.
From car washes to underwear, the explosion of subscription services is overwhelming consumers who are cutting back on recurring charges.
President's recent comments about economic burden of Iran conflict spark criticism that he doesn't grasp financial strain on ordinary Americans.
War with Iran has sent gas and consumer goods prices skyrocketing just months before critical midterm elections that could hinge on economic conditions.
Street interviews in four major Chinese cities reveal growing blame toward U.S. tensions for economic slowdown and rising fuel costs.
Rising energy prices from the Iran conflict are creating ripple effects across the economy, pushing consumer prices to levels not seen since 2023.
President Trump declares the cease-fire on "life support" as investors take cautious approach to rising oil prices and economic uncertainty from ongoing conflict.
As prices increase for gas, groceries and other staples, more households are borrowing to get by. The pattern creates a dangerous cycle of debt accumulation.
The Consumer Price Index jumped 0.6% on the month — well above the 0.4% Wall Street had penciled in — as energy costs accounted for more than 40% of the headline gain.
Government-imposed internet shutdown has crippled entire sectors as Iran's economy struggles with widespread instability and international isolation.
Health care and warehousing led hiring, but federal payrolls fell another 9,000 — bringing total federal job losses since October 2024 to 348,000.
The discount carrier flew its last flight on May 2 after a $500 million federal lifeline collapsed, leaving 17,000 workers jobless and tens of thousands of passengers stranded.
Growing numbers of older Americans are being 'fired from retirement' due to economic pressures, forcing them back into the workforce despite their age.
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