Bill Gates is sounding the alarm about artificial intelligence, warning in a new essay that the technology will rapidly transform the U.S. labor market and put millions of jobs at risk. AI is changing the economy much faster than previous technological revolutions, advancing at what the Microsoft co-founder called a “mind-blowing rate” and leaving less…
American workers’ wages are once again failing to keep up with inflation — a painful financial déjà vu of the pandemic years. The repeat situation may feel even more acute given that many workers are still catching up from the 2021-2022 inflationary bout, when companies gave workers only moderate pay raises that fell short of four-decade-high price…
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan: Sen. Bill Cassidy, Republican of Louisiana Sen. Bernie Sanders, Independent of Vermont National Institutes of Health Director Dr. Jay Bhattacharya Nicole Sganga, CBS News homeland security and justice correspondent Click here to browse full transcripts from 2026 of “Face the Nation with…
The following is the transcript of an interview with Sen. Bill Cassidy, Republican of Louisiana, that aired on “Face the Nation with Margaret Brennan” on Aug. 9, 2026. MARGARET BRENNAN: Good morning, and welcome to ‘Face the Nation.’ Both the House and the Senate are now gone for the summer, but we begin with one…
The U.S. economy unexpectedly shed 23,000 jobs in July, undershooting economists’ expectations and signaling the job market may be slowing. By the numbers Economists polled by FactSet forecast employers added 95,000 jobs in July. The unemployment rate in July stood at 4.1%, down from 4.2% in June. The Labor Department also revised down the May…
Treasury Secretary Scott Bessent says the Trump administration is moving quickly to crack down on criminal enterprises, cartels and undocumented immigrants using the U.S. financial system for their payroll schemes, illicit financing and other fraud. In remarks to Arizona bankers Thursday, Bessent said, “This administration will not tolerate blatant abuse of our financial system, nor…
Layoffs across the U.S. in July fell to their lowest level in two years, new data shows, a sign that the labor market remains resilient despite the impact of inflation driven by the Iran war and artificial intelligence. Employers announced 33,429 job cuts in July, down 46% from a year ago, according to outplacement firm…
