Key inflation gauge jumped 5.8% in 2021 — most in 39 years
CBSN
Inflation is straining household budgets and sharply raising costs for employers, federal data released on Friday show.
A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982, as brisk consumer spending collided with snarled supply chains to raise the costs of food, furniture, appliances and other goods. The report Friday from the Commerce Department also said that consumer spending fell 0.6% in December.
Core inflation, which strips out volatile food and energy prides, rose 4.9%, the fastest pace since 1983.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
A week before an expected committee vote on the controversial nomination of Trump ally Emil Bove for a federal judgeship, CBS News has obtained emails and text messages shared with Congress by a whistleblower who accuses Bove of unethical actions while he was a top Justice Department official this year.
Elon Musk on Wednesday unveiled Grok 4, a new version of his X platform's AI chatbot. The update comes a day after the bot posted antisemitic content on the social media network.
French university courts American researchers seeking "scientific asylum" amid Trump's academic cuts
A university in France says nearly 300 American researchers have applied for a space in its "Safe Place for Science" program that was created to lure U.S. researchers seeking "scientific asylum" amid aggressive academic spending cuts and other actions against colleges by the Trump administration.
As record-high home prices squeeze more Americans out of the housing market, rising rents across the country are proving equally daunting. Yet some cities offer decided advantages for renters when it comes to affordability and other benefits, a recent analysis finds.
The Trump administration said it deported a group of eight men convicted of serious crimes in the United States to the conflict-ridden African country of South Sudan, following a weeks-long legal saga that had kept the deportees in a military base in Djibouti for weeks.
A family of three was struck by lightning while under an umbrella at a beach in Florida's Pinellas County, officials said Friday.
A boat explosion Friday evening on popular Lake Lanier in Georgia left at least five people injured, officials said.
The following is the transcript of an interview with documentary filmmaker Ken Burns and "CBS Evening News" co-anchor John Dickerson that will air on "Face the Nation with Margaret Brennan" on July 6, 2025.
Fatalities were reported Friday as devastating floods slammed Texas' hill country with water rescues taking place along the Guadalupe River, officials said.
As Congress was approving President Trump's "big, beautiful bill" on Thursday, the Social Security Administration touted the legislation by stating that the legislation "eliminates federal income taxes on Social Security benefits for most beneficiaries."
The president of El Salvador is refuting allegations made by Kilmar Abrego Garcia - the man whose mistaken deportation by the Trump administration has fueled a monthslong legal saga – in which he said he was beaten and subject to psychological torture while in prison in the Central American country.
The American Revolution was one of the most significant events in world history because it created a "new thing called a citizen," iconic filmmaker Ken Burns told CBS News, as the nation celebrates the Fourth of July exactly one year before its 250 birthday.
A 72-year-old man was indicted on murder charges this week in connection with the disappearance of his former girlfriend 42 years ago after new DNA evidence emerged.