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Bond market sell-off threatens higher borrowing costs. Here is what it means for your money.

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…

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Pandemic-era inflation left millions of workers with a lasting pay cut. Now it’s happening again.

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…

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Full transcript of “Face the Nation with Margaret Brennan,” Aug. 16, 2026

On this “Face the Nation with Margaret Brennan” broadcast, moderated by Ed O’Keefe:  Kentucky Gov. Andy Beshear, a Democrat  Rep. Don Bacon, Republican of Nebraska  Anthony Salvanto, CBS News executive director of elections and surveys  Pennsylvania state Rep. Chris Rabb Wall Street Journal reporter Sabrina Rodriguez, NOTUS reporter Paul Kane, The Atlantic staff writer Toluse…

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Transcript: Pennsylvania state Rep. Chris Rabb on “Face the Nation with Margaret Brennan,” Aug. 16, 2026

The following is the transcript of an interview with Pennsylvania state Rep. Chris Rabb, a Democrat, that aired on “Face the Nation with Margaret Brennan” on Aug. 16, 2026. ED O’KEEFE: Welcome back to Face the Nation. We turn now to Pennsylvania State Representative Chris Rabb. He’s the Democratic Party’s nominee in the third district…

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Nevada energy company sues data center in first-of-its-kind fight over who should pay for AI buildout

The largest energy provider in Nevada, NV Energy, is suing data center developer Tract Capital Management, accusing the company of trying to pass costs onto consumers.  At issue is who pays to expand energy infrastructure when a data center needs as much electricity as a midsize city.  Tract’s two planned campuses near Reno would together…

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Behind closed doors, Trump and White House officials hope Rep. Max Miller drops reelection bid, sources say

Washington — Some White House officials hope embattled GOP Rep. Max Miller exits the congressional race in Ohio immediately, and President Trump has expressed a similar sentiment behind closed doors, multiple U.S. officials familiar with the matter tell CBS News.  Mr. Trump called Miller on Monday and raised concerns about his reelection bid following allegations…

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Human remains exhumed at site of controversial World War II massacres in Ukraine: “Each of them had their dreams”

Beneath two now-deserted villages in western Ukraine — the site of World War II-era massacres — archaeologists are uncovering the bones at the heart of a dispute that has strained relations between Warsaw and Kyiv for years. Disagreements over what happened and who is responsible for the Volyn massacres have long cast a shadow over…

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