The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — held at a 3.7% annual pace in July, slightly higher than forecasted and reflecting persistent cost pressures for consumers. Economists polled by FactSet had predicted a 3.6% annual increase. Wednesday’s report instead showed that inflation remained unchanged from June. PCE tracks changes…
Washington — Sen. Darline Graham won the Republican Senate runoff in South Carolina on Tuesday night, CBS News projects, defeating Rep. Ralph Norman in the special primary to replace Graham’s late brother, Sen. Lindsey Graham, on the ballot this November. Lindsey Graham, a four-term senator who had been seeking reelection, died suddenly last month, prompting…
Josh Smith, a pardoned drug offender who served as the No. 2 official at the federal Bureau of Prisons, abruptly announced Monday he was leaving the agency without giving a reason for his departure. But he had a tense relationship with some of the BOP’s employees, some of whom have also raised questions about contracts…
The Trump administration said it may need to demolish the Kennedy Center if a plan to close the building for two years as part of a controversial renovation project pushed by President Trump and the organization’s board of trustees is blocked by a federal judge. In a Tuesday court filing, the Justice Department said the…
A Trump administration effort aimed at discouraging Americans on food stamps from using the government nutritional aid to buy soda is having an impact, a new study shows. Recipients of Supplemental Nutrition Assistance Program benefits cut their sugary drink purchases by more than 12% from January to June of this year after new state-level restrictions…
Federal prosecutors are considering bringing criminal charges against an Immigration and Customs Enforcement officer who is accused of shooting a Venezuelan immigrant in the leg during the Trump administration’s federal immigration surge in Minnesota in January, according to multiple sources familiar with the deliberations. The officer, Christian Castro, was charged in May by local prosecutors…
Luis Manuel Aviles Roa, the father of a U.S. Navy sailor onboard the USS Abraham Lincoln, was released by Immigration and Customs Enforcement on Tuesday, after the service member called the arrest “heartbreaking,” his family told CBS News. Aviles Roa, a native of Nicaragua, was arrested by federal immigration officials on Saturday, according to the…
United Airlines said on Tuesday that it will add 10 international routes starting in 2027, extending the carrier’s flight network to new destinations in Europe and Asia. The route expansion is the largest in the airline’s history, according to United. “We’ve been adding a lot of new cities each year in the past several…
Washington — A federal judge on Tuesday rejected Ghislaine Maxwell’s effort to toss out her 2021 conviction on sex-trafficking charges and 20-year prison sentence. In a 67-page decision, U.S. District Judge Paul Engelmayer in the Southern District of New York denied Maxwell’s petition for relief, writing that she failed to make a substantial showing that…
On a 2-acre property in Mississippi, 52-year-old Krystal Polk’s family lived off the land for generations, raising chickens and pigs, growing onions and herbs and trading their peaches for pears. The land, on the border with Tennessee in the city of Southaven, was her family’s survival, Polk said. “We lived a very simplistic life,” she…
