A bond sell-off driven by investor fears over inflation and rising government debt has rattled markets and threatened to raise borrowing costs for everyday Americans looking to purchase a home or car. The yield on the 30-year Treasury reached 5.3% earlier this week, its highest level since 2007, while the 10-year Treasury yield, which influences…
Democrats on Saturday approved a new presidential nominating calendar for 2028, cementing South Carolina’s place as the first official Democratic primary state, as the party looks to elevate states that better reflect its diverse coalition of voters. The vote came during the Democratic National Committee’s summer meeting in Austin, where members signed off on a schedule that…
In Washington, D.C., this July, America’s 250th birthday began with an evacuation. An incoming summer storm forced crowds gathered on the National Mall for fireworks out of the park and indoors. Hours later, the show finally went on, but by then Mother Nature had made her point. For tens of millions of Americans, the season…
Pakistan’s civilian and military leadership has stressed the need for unity and reforms as the nation celebrates 79 years of independence today. According to state-run Radio Pakistan, the day dawned with a 31-gun salute in Islamabad and a 21-gun salute at the provincial headquarters. A change of guards ceremony was also held at the mausoleum…
Tennessee and Oklahoma executed inmates within 30 minutes of each other on Thursday, followed by Alabama later in the day, marking the first time since 2010 that U.S. states executed three men by lethal injection in a single day. The Tennessee man was executed for killing a maid at a motel in 1985 and the…
Taking weight-loss drugs could help unemployed women get a job, according to new research. Unemployed women taking GLP-1 medications to lose weight saw a 27 percentage-point increase in employment after 18 months of use, compared with women who want to use the drugs but haven’t done so, Harvard economist Rebecca Diamond said in a recent paper published…
American intelligence assessments indicate Russian President Vladimir Putin could be increasingly willing to authorize provocative actions that could extend onto NATO territory, U.S. officials briefed on the matter told CBS News. Those actions could include hybrid operations, cyberattacks and other deniable measures short of a conventional military campaign, the officials said. The assessments reflect a…
Washington — The White House has informed Lisa Cook, a member of the Federal Reserve Board of Governors, that President Trump is considering firing her from her post because of allegations of mortgage fraud, according to a letter to Cook that was obtained by CBS News. The move comes after the Supreme Court in June…
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…
Nearly two-thirds of U.S. federal workers said they wouldn’t enter public service again, citing eroding job security and benefits, according to a recent poll of active and retired government employees. Respondents’ views overwhelmingly reflected concerns about the current federal climate, rather than regret over having chosen careers in government, the National Active and Retired Federal…
