President Trump hunted for silver linings in the higher-than-expected September inflation numbers. The surge in prices was fueled by a 9% month-over-month jump in gas prices. Nancy Cordes reports. Source link
More than 75 million Americans will get a 3.6% boost to their monthly Social Security benefits next year, due to a cost-of-living adjustment announced Wednesday by the Social Security Administration. The 2027 cost-of-living adjustment, or COLA, represents the largest annual boost for Social Security recipients in four years. The bigger increase is meant to keep…
Inflation accelerated across the U.S. in September, rising at an annual rate of 3.7% as energy costs jumped, according to new government data. The latest Consumer Price Index shows that stubborn price pressures persist just weeks before Americans vote in the midterm elections. By the numbers CPI tracks changes in prices over time for a basket…
Rising U.S. prices are squeezing household budgets, causing more Americans to fall behind on their debt payments, recent financial data shows. The share of seriously delinquent auto loan balances has hit a record high this year, while nearly 13% of credit card balances are seriously past due — close to their 2010 peak in the…
Russia’s commitment to boost global diesel supply, as announced by President Trump on Oct. 9, may do little to ease prices in the U.S. in the short term, according to energy experts. “If we get diesel from Russia, basically it means that their existing customers are not going to get it and they’ll have to go…
Sometimes the key to building wealth is just sticking around, new Federal Reserve data suggests. The 18 million U.S. households headed by someone 75 or older have the highest median net worth of any age group, according to the Fed’s triennial Survey of Consumer Finances. Americans in that demographic had a median net worth of $504,000…
President Trump campaigned in 2024 on promises to lower Americans’ cost of living, vowing to push gasoline prices below $2 a gallon and to deliver 2% mortgage rates. Two years later, consumers face sharply higher costs for many of the necessities he pledged to make more affordable. Less than a month before the midterm elections,…
Americans aren’t only paying more for food amid stubbornly high inflation — the cost of washing it down has also surged. Water costs have shot up across the U.S., with a new study by the nonprofit advocacy group Food and Water Watch showing that households are paying 62% more for water at home than a decade…
President Trump is sending checks to millions of Medicare and Affordable Care Act enrollees, with the White House describing the efforts as helping to “lower costs” for seniors and families. But experts say the payments may do little to offset rapidly rising healthcare expenses. On Friday, Mr. Trump announced on Truth Social that his administration…
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan: Energy Secretary Chris Wright Anthony Salvanto, CBS News executive director of news and surveys Sen. Mark Kelly, Democrat of Arizona Zach Lahn, Iowa GOP nominee for governor Brett McGurk, who served as a top Middle East adviser to former President Joe Biden…
