American households earned a record median income of $87,460 last year, according to new Census Bureau data. The catch? That figure is only slightly above the previous peak set in 2019. Adjusting for inflation, that means the typical household has gained little economic ground in six years marked by pandemic upheaval and surging consumer prices….
The Supreme Court on Tuesday rebuffed an appeal from Missouri officials who wanted to use new congressional districts backed by President Trump in the November election, a defeat for Republicans who had hoped the new map could help them hold on to their slim House majority. The justices let stand a decision by Missouri’s top…
U.S. employers added 162,000 jobs in August, more than double economists’ forecasts and signaling a sharp acceleration from hiring in July. By the numbers Economists polled by FactSet forecast employers added 65,000 jobs in August. The unemployment rate was 4.1% in August, unchanged from the previous month. Hiring in August was boosted by job gains…
The Missouri Supreme Court has unanimously blocked the state from moving forward with a new House map that favors Republicans in this year’s midterm elections, ordering a statewide vote on whether to uphold or reject the new map. The decision Thursday marks a rare setback for Republicans in the national redistricting battle, as they fight…
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan: Sen. Richard Blumenthal, Democrat of Connecticut Rep. John James, Republican of Michigan David Becker, CBS News election security analyst Afghan General Haibatullah Alizai Click here to browse full transcripts from 2026 of “Face the Nation with Margaret Brennan.” MARGARET BRENNAN: I’m…
Washington — Twenty-five cars traveling at top speeds approaching 180 mph will zoom around the National Mall this weekend when the racing series IndyCar takes over downtown D.C. for a race commemorating the nation’s 250th birthday. The Freedom 250 Grand Prix of Washington, D.C., is expected to attract about 140,000 people on each day of…
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…
There is no way to verify full disclosure of tools. The Higher Education Commission has taken two big steps on artificial intelligence. It has notified a compulsory three-credit-hour AI course for every undergraduate and postgraduate degree in the country, starting from Fall 2026. It has also circulated a draft policy on the use of generative…
What a difference a day can make for monetary policy. On Thursday, interest rate futures were decidedly tilted toward the Federal Reserve hiking its benchmark rate in September, according to CME FedWatch, which tracks traders to forecast the central bank’s policy decisions. But after Friday morning’s dismal July jobs report, which showed that employers unexpectedly…
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…
