Inflation cooled to 6.4% in January
CBSN
Consumer inflation moderated in January, yet remained higher than many economists had expected, driven by rising prices for housing, gasoline and natural gas.
The Consumer Price Index, a broad basket of good and services, rose at a 6.4% annual rate in January, the Labor Department reported Tuesday.
Economists had expected the index to increase at a rate of 6.2%.
The arrest of Mahmoud Khalil , a green card holder and former Columbia University student involved in pro-Palestinian campus protests in 2024, is raising questions about the rights of permanent residents in the United States.
Sweeping 25% tariffs on all U.S. steel and aluminum imports could cause a rise in prices for a wide range of products including cars and washing machines and other consumer goods, as well as components used in manufacturing and construction, such as nails.
Washington — Less than two months since President Trump's inauguration, the Republican-led Senate has confirmed nearly every one of his Cabinet nominees.
The Environmental Protection Agency on Wednesday said it would "formally reconsider" a landmark 2009 finding by the agency that greenhouse gases are a danger to public health.
Another norovirus outbreak sickened passengers on board the cruise ship Coral Princess in February, marking the second outbreak this year on the ocean liner operated by Princess Cruises, according to the Centers for Disease Control and Prevention.
The former boyfriend of an Iowa woman who vanished 36 years ago has been arrested and charged with first-degree murder in her disappearance, officials said Tuesday.
President Trump sparked concerns this week when he declined to rule out the possibility of a U.S. recession this year. Asked on Fox news if he expects such a slump, Mr. Trump said, "I hate to predict things like that. There is a period of transition because what we're doing is very big."
Environmental Protection Agency administrator Lee Zeldin is "eliminating all diversity, equity and inclusion and environmental justice offices and positions immediately," according to screenshots of an internal memo obtained by CBS News.
A Texas man has been charged with murder in the shooting death of his fiancé, state officials said Monday. The suspect allegedly made disturbing searches online before the shooting, CBS affiliate KHOU reported.
Washington — Senate Democrats are considering their next move after the House narrowly passed a stopgap measure to keep the government funded through September, with a fast-approaching Friday deadline to avert a possible government shutdown.
Trading in U.S. stocks rebounded Wednesday after government report showed that U.S. inflation slowed more than expected in February.
NASA is finally ready to launch its next space station crew, clearing the way for Starliner astronauts Barry "Butch" Wilmore and Sunita Williams to head back to Earth more than nine months after they took off on what they thought would be an eight-day stay in space.
Inflation rose 2.8% on an annual basis, slightly lower than economists had forecast but continuing to signal that price hikes remain elevated despite the Federal Reserve's efforts to tame inflation to a 2% annual rate.