Mild recession possible as job numbers stay hot – CBS News Watch CBS News 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. Be … Read more
Coastal home buyers face low inventory, high demand – CBS News Watch CBS News Home buyers in many U.S. coastal areas are facing a competitive real estate market, in part thanks to a spiking interest rate. Buyers are being advised to prepare to settle, bring cash offers and close quickly. Carter Evans and Mark Strassman … Read more
Washington leaders scramble to prevent unprecedented debt default – CBS News Watch CBS News The White House and Republican congressional leaders are continuing to negotiate in an effort to prevent an unprecedented debt default, which could happen as soon as next week. House Democrats have signed a petition to raise the debt ceiling. Be the … Read more
5/23: Prime Time with John Dickerson – CBS News Watch CBS News John Dickerson reports on the looming debt ceiling deadline, speaks with U.S. Surgeon General Dr. Vivek Murthy on the harms of social media, and explains what is behind a flurry of migrant sponsorship applications. Be the first to know Get browser notifications for … Read more
Biden, McCarthy to meet Monday for debt ceiling talks – CBS News Watch CBS News President Biden and House Speaker McCarthy will meet in person on Monday to continue debt ceiling talks as the deadline for a government default approaches. Willie James Inman has the latest. Be the first to know Get browser notifications for … Read more
Investors monitoring debt ceiling standoff, pending inflation data – CBS News Watch CBS News Stocks closed flat Tuesday as investors await an agreement on the federal debt ceiling and new economic data on inflation. AlphasFuture founder and investment manager Geetu Sharma joined CBS News to discuss what the new information will mean for investors. Be … Read more
What’s driving the markets, and how money impacts Americans’ mental health – CBS News Watch CBS News Stocks closed flat Monday as investors await new data on consumer and producer prices. Bankrate senior industry analyst Ted Rossman joined CBS news to discuss the markets as well as a new survey on personal finances and mental … Read more
Press play to listen to this article Voiced by artificial intelligence. It’s now easy to forget that Turkish President Recep Tayyip Erdoğan was once hailed as the paragon of a “Muslim democrat,” who could serve as a model to the entire Islamic world. In the early 2000s, hopes ran high about the charismatic, lanky, former … Read more
Army identifies 3 soldiers killed in helicopter crash – CBS News Watch CBS News The U.S. Army has identified three soldiers killed when two helicopters collided during a training mission in Alaska. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On
Press play to listen to this article Voiced by artificial intelligence. AMSTERDAM — The world’s financial system needs a “massive adjustment” to cope with higher interest rates, and key rules will have to be revisited, according to a top global regulator. Klaas Knot, chair of the Financial Stability Board, an international standard-setting body, told POLITICO … Read more