Mortgage rates have confounded house hunters this year by steadily ticking higher. That trend is likely to continue, according to economists, with some predicting rates will climb back above 7%. “We’re effectively there,” Mark Zandi, chief economist at Moody’s Analytics, told CBS News. “And rates could easily go over.” The average rate for a 30-year…
The FBI is turning to artificial intelligence as a tool to identify threats and fight crime, targeting transnational criminal organizations and drug cartels, Deputy Director Christopher Raia told CBS News on Thursday, three weeks after the bureau released data showing a significant drop in violent crime rates around the country. Raia, a 23-year veteran of…
The Justice Department is attempting to revive a centuries-old law to speed up efforts to claim Iranian oil tankers seized during the war with Iran, but maritime law experts say the plan could face hurdles. The top federal prosecutor in southern Texas confirmed last month that his office is involved in the effort to revive…
The U.S. Mint will begin selling gold-colored $1 coins featuring President Donald Trump’s likeness at noon ET on Wednesday, with prices ranging from about $1.55 to $2.44 per coin. The coins, first announced in July, bear a rendering of Mr. Trump’s face on the obverse side, with the inscriptions “Liberty,” “In God We Trust” and…
Treasury yields edged higher on Tuesday, extending a global bond sell-off and threatening to raise borrowing costs for millions of Americans. The yield on the 10-year Treasury, which influences mortgage rates, rose to 4.78%, up from 4.75% late Monday and the highest level since January 2025. The yield on the 2-year Treasury, which closely tracks…
Revenue from IRS audits plunged 35% in fiscal 2025 as the agency shed thousands of enforcement workers, according to a new report from the Treasury Inspector General for Tax Administration, an agency watchdog. The IRS collected a total of $6.5 billion from audits in fiscal 2025, which ended Sept. 30, down from $10 billion a year earlier,…
Mexican authorities said Thursday that they had rescued Bengal tigers, mandrills, hyenas and even a camel during raids on a fuel smuggling ring in the northeastern state of Tamaulipas, on the U.S. border. The 135 animals found at a ranch also included lions, buffalo, sulcata tortoises, spider monkeys, jaguars, an American bison and a green…
Washington — Federal Reserve Governor Lisa Cook defended herself against allegations from the Trump administration that she made misrepresentations on mortgage documents, arguing in a new letter that she has “never committed mortgage fraud.” In the letter to the White House dated Wednesday, Abbe Lowell, Cook’s lawyer, said that attempting to fire Cook on the…
Washington — President Trump’s investment accounts have continued to purchase and sell stock holdings in oil and natural gas companies while he oversees the U.S. war with Iran, according to his financial disclosure filings through the second quarter of 2026. As the Iran war continued, paused for a ceasefire and then restarted, Mr. Trump has…
Long lines formed at gas stations in Tehran Tuesday after the United States announced fresh sanctions aimed at pressuring Iran into submission. Washington has turned to pulling economic levers six months into a war on Iran that has ground to a stalemate militarily, with peace talks stalled and most traffic through the crucial Strait of…
