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Scott Pelley interviews President Joe Biden in Detroit and at the White House to discuss inflation, Russia’s war on Ukraine and U.S.-China tensions. Tonight ... Show more

https://cbsn.ws/3f0IOdN

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State legislatures could save taxpayers from absorbing student loan debt: President Biden’s plan to have taxpayers cover the cost of canceling student debt has ...
thehill.com/opinion/finance/3645521-state-legislatures-could-save-taxpayers-from-absorbing-student-loan-debt/
State legislatures could save taxpayers from absorbing student loan debt
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Why has fact-checking disappeared under Biden?: The perception of fact-checkers has taken a big hit, at least among Republicans and independents.
thehill.com/opinion/white-house/3647706-why-has-fact-checking-disappeared-under-biden/
Why has fact-checking disappeared under Biden?
Profile picture of The Hill (newspaper)
State legislatures could save taxpayers from absorbing student loan debt: President Biden’s plan to have taxpayers cover the cost of canceling student debt has ...
thehill.com/opinion/finance/3645521-state-legislatures-could-save-taxpayers-from-absorbing-student-loan-debt/
State legislatures could save taxpayers from absorbing student loan debt
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The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
The 3.5 Percent Inflation Plateau
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About 1 in 4 U.S. adults over 50 say they expect to never retire, an AARP study finds
pbs.org/newshour/economy/about-1-in-4-us-adults-over-50-say-they-expect-to-never-retire-an-aarp-study-finds
About 1 in 4 U.S. adults over 50 say they expect to never retire ...
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Why experts say inflation is relatively low but voters feel differently: Grocery prices are a key component of any household budget, and rising food prices can ...
npr.org/2024/04/25/1247177492/why-experts-say-inflation-is-relatively-low-but-voters-feel-differently
Why experts say inflation is relatively low but voters feel differently
Quick Glance: Rising Key Fed Inflation Measure in March
  • In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.

  • The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.

  • Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.

  • Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
Profile picture of The Hill (newspaper)
Mortgage rates top 7 percent for first time in 2024: Mortgage rates topped 7 percent for the first time this year, according to data released Friday by Freddie ...
thehill.com/business/4605828-mortgage-rates-top-first-time/
Mortgage rates top 7 percent for first time in 2024
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
  • US mortgage rates have surged above 7%, increasing costs for homebuyers.

  • The rise in mortgage rates impacts monthly costs, limiting purchasing power.

  • Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.

  • Experts anticipate a moderate easing of mortgage rates later in the year.
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Biden's new take on inflation: Trump would be worse: Biden's team knows there's not a lot it can do to lower it before the Nov. 5 election.
axios.com/2024/04/13/biden-trump-inflation-worse-tariffs
Biden's new take on inflation: Trump would be worse
Quick Glance: Biden's New Perspective on Inflation: Trump Would Be Worse
  • The White House warns that inflation would worsen if Trump is re-elected as a strategy to sway voters.

  • March's inflation increase surpassed expectations, undermining Biden's claim of lowering prices.

  • Rising oil prices due to geopolitical tensions could lead to higher gas prices, a concern for the White House.

  • Biden emphasizes fighting inflation as top priority while experts debate the impact of his economic stimulus packages.
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Biden needs to face facts: He’s still losing to Trump  : For President Biden and the Democrats, thing are looking ugly in November.
thehill.com/opinion/campaign/4604865-biden-needs-to-face-facts-hes-still-losing-to-trump/
Biden needs to face facts: He’s still losing to Trump  
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Stock market today: Dow drops 375 points after weak GDP data: Stocks dropped and bond yields rose as investors digested a tough reality of slowing GDP growth and ...
markets.businessinsider.com/news/stocks/stock-market-today-gdp-1q24-inflation-economy-tech-stocks-microsoft-2024-4
Stock market today: Dow drops 375 points after weak GDP data
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Markets Insight: The myth of long-term high prices: High inflation will soon be history. Longer-term factors should ensure a moderate price trend in the future ...
handelsblatt.com/finanzen/anlagestrategie/kolumnen/maerkte-insight-der-mythos-langfristig-hoher-preise/100026419.html
Markets Insight: The myth of long-term high prices
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Could interest rate hikes be keeping inflation high?: The stickiness of the post-pandemic inflation is raising questions about how effective high interest rates ...
thehill.com/business/4612114-could-interest-rate-hikes-be-keeping-inflation-high/
Could interest rate hikes be keeping inflation high?
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California restaurant will up wages to compete with $20 fast-food pay: "Why wash dishes for $15 or $17 if I can go get $20 flipping burgers at McDonald's ...
businessinsider.com/california-fast-food-20-minimum-wage-restaurant-raise-pay-compete-2024-4
California restaurant will up wages to compete with $20 fast-food pay
Quick Glance: California eateries adjust wages to meet competition with $20 fast-food pay
  • A restaurant owner in California plans to raise wages to compete with the $20 per hour pay for fast-food workers.

  • Legislation is expected to drive up wages in various sectors as they strive to attract and retain employees.

  • The increased minimum wages worsen the existing challenges faced by independent restaurants in California.

  • Implementing price changes, cost-cutting strategies, and reduced operating hours could be potential measures to streamline operations.
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Mortgage rates hit highest level since November after hot inflation report: Mortgage rates jumped to their highest reading since November as the timeline for ...
thehill.com/business/housing/4585910-mortgage-rates-hit-highest-level-since-november-after-hot-inflation-report/
Mortgage rates hit highest level since November after hot inflation report
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Biden administration raises costs to drill on public lands: The Interior Department finalized a rule Friday making it more expensive for oil and gas producers to ...
thehill.com/policy/energy-environment/4590251-biden-administation-raises-costs-drill-public-lands/
Biden administration raises costs to drill on public lands
Quick Glance: Biden Raises Drilling Costs on Federal Lands, Trump Courts Oil Donors
  • The Biden administration has finalized a new rule requiring oil companies to pay at least ten times more for drilling on federal lands to generate more revenue for taxpayers.

  • While Trump discusses easing drilling regulations with energy executives, the US is historically pumping a lot of crude oil, complicating regulations for Trump and Biden's climate agenda.

  • The rule mandates higher bonds and royalties for fossil fuels on federal lands to better compensate taxpayers and cover the costs of cleaning up abandoned wells.

  • In addition to reshaping fossil fuel production on federal lands, the administration has advanced renewable energy development on these tracts and significantly reduced rents and fees for clean energy projects.
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The Forever Stamp is forever rising in price. How does the U.S. cost compare globally?
npr.org/2024/04/12/1244273973/forever-stamp-cost-price-going-up-usps-postage
The Forever Stamp is forever rising in price. How does the U.S ...
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Business defaults soar as Australian house prices outpace the globe: Australian house prices are out-performing most of the world, even after inflation ...
smh.com.au/politics/federal/business-defaults-soar-as-australian-house-prices-outpace-the-globe-20240416-p5fk42.html
Business defaults soar as Australian house prices outpace the globe
Profile picture of The Hill (newspaper)
Few in new poll say Biden law has helped fight climate change: Very few Americans believe the Inflation Reduction Act (IRA), signed into law by President Biden ...
trib.al/XuRnSYN
Few in new poll say Biden law has helped fight climate change
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Poll: Election interest hits new low in tight Biden-Trump race: Amid a tight Joe Biden-Donald Trump race, the share of voters with high interest in the election ...
nbcnews.com/politics/2024-election/poll-biden-trump-tight-race-election-interest-low-rcna148170
Poll: Election interest hits new low in tight Biden-Trump race
Quick Glance: Poll: Election Interest Declines in Tight Biden-Trump Race
  • The interest of voters in the election has reached the lowest point in two decades at this stage in a presidential race.

  • The latest national NBC News poll reveals that the number of voters with high interest in the 2024 presidential election has nearly hit the lowest point in almost 20 years, with a majority holding negative views of President Joe Biden and former President Donald Trump.

  • Inflation and immigration top the list of the country's most pressing issues, with only one-third of voters giving Biden credit for improving economic performance.

  • The survey also highlights how the low voter interest and the independent candidacy of Robert F. Kennedy Jr. could potentially disrupt what has been a stable presidential contest with over six months until Election Day.
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Why are auto insurance premiums so high? Blame inflation and a few other factors: Wednesday's inflation report showed consumer price growth continues to drift ...
nbcnews.com/business/consumer/auto-insurance-premiums-costs-high-prices-inflation-explainer-rcna147204
Why are auto insurance premiums so high? Blame inflation and a few other ...
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Wall St Week Ahead Surging US energy shares reflect robust growth, inflation worries
reuters.com/markets/us/wall-st-week-ahead-surging-us-energy-shares-reflect-robust-growth-inflation-2024-04-12/
Wall St Week Ahead Surging US energy shares reflect robust growth ...
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Biden, Senator Bernie Sanders push companies to cut cost of asthma inhalers, prescription drugs
reuters.com/world/us/biden-senator-sanders-highlight-efforts-lower-cost-asthma-inhalers-2024-04-03/
Biden, Senator Bernie Sanders push companies to cut cost of asthma ...
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U.S. Mortgage Rates Jump Above 7% for the First Time This Year: Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent ...
nytimes.com/2024/04/18/business/mortgage-rates.html
U.S. Mortgage Rates Jump Above 7% for the First Time This Year
Profile picture of The Hill (newspaper)
Producer prices come in softer than consumer prices in March: Producer prices rose less than economists expected in March after consumer prices came in hot ...
thehill.com/business/4588023-producer-prices-come-in-softer-than-consumer-prices-in-march/
Producer prices come in softer than consumer prices in March
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JPMorgan CEO warns interest rates could rise to 8 percent ‘or even more’: JPMorgan Chase CEO Jamie Dimon warned that interest rates could rise to 8 percent or ...
thehill.com/business/4585341-jpmorgan-ceo-dimon-warns-interest-rates-8-percent/
JPMorgan CEO warns interest rates could rise to 8 percent ‘or even more’
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Hot inflation may put Fed rate cut in thick of election season: Hot U.S. inflation data has put the Federal Reserve's debate over a first interest rate cut on a ...
reuters.com/world/us/hot-inflation-may-put-fed-rate-cut-thick-election-season-2024-04-11/
Hot inflation may put Fed rate cut in thick of election season
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How California fast food restaurants raised menu prices in response to $20 minimum wage
nypost.com/2024/04/16/business/california-fast-food-restaurants-raised-prices-due-to-minimum-wage/
How California fast food restaurants raised menu prices in response to $20 ...
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Republicans more likely to say cost of living has gone up since 2020: survey: Pandemic-era inflation has placed a financial burden on many Americans ...
thehill.com/business/personal-finance/4581240-most-americans-cost-of-living-up-survey/
Republicans more likely to say cost of living has gone up since 2020: ...
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Stock market today: Stocks slide for the 5th straight session: The S&P 500 hit its worst losing streak since last October as investors recalibrate amid forecasts ...
markets.businessinsider.com/news/stocks/stock-market-news-fifth-loss-fed-speakers-rate-cuts-delay-2024-4
Stock market today: Stocks slide for the 5th straight session
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How Trump’s tariff plans could kill jobs and worsen inflation: Tariff Man could be back in the White House next year – and he’s promising the sequel will be even ...
cnn.com/2024/04/11/economy/trump-tariffs-trade-jobs-inflation/
How Trump’s tariff plans could kill jobs and worsen inflation
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Mulvaney: How Biden’s regulations are driving up inflation: Every time Biden’s administration adds another regulation making it harder or more expensive ...
thehill.com/opinion/4571477-mulvaney-how-bidens-regulations-are-driving-up-inflation/
Mulvaney: How Biden’s regulations are driving up inflation
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The truth comes out: US is paying dearly for outperformance : The United States is floating on a giant pumped-up air mattress of excess federal spending and no ...
thehill.com/opinion/finance/4602451-the-truth-comes-out-us-is-paying-dearly-for-outperformance/
The truth comes out: US is paying dearly for outperformance 
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5 worries keeping Biden, Democrats up at night: President Biden’s campaign is feeling good about where it is in its battle for reelection ...
thehill.com/homenews/campaign/4605899-five-worries-keeping-biden-democrats-up-at-night/
5 worries keeping Biden, Democrats up at night
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Trump Media tells shareholders how to block their DJT stock being loaned to short sellers
cnbc.com/2024/04/18/trump-media-tells-djt-shareholders-how-to-block-short-sellers.html
Trump Media tells shareholders how to block their DJT stock being loaned ...
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Billionaire In-N-Out heiress Lynsi Snyder claims she went 'toe-to-toe' to keep prices down as Calif. fast food industry, prices slammed by minimum wage hike
nypost.com/2024/04/11/business/in-n-out-president-lynsi-snyder-went-toe-to-toe-to-keep-menu-prices-down/
Billionaire In-N-Out heiress Lynsi Snyder claims she went 'toe-to-toe' to ...
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Gold slips from record levels after hot US inflation data: Gold prices slipped from record-high levels on Wednesday as the U.S. dollar and Treasury yields firmed ...
reuters.com/markets/commodities/gold-near-record-high-inflation-risk-lifts-safe-haven-appeal-2024-04-10/
Gold slips from record levels after hot US inflation data
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Ringgit opens higher despite greenback strength: KUALA LUMPUR: The ringgit opened higher against the US dollar today although the greenback’s appeal as a ...
thestar.com.my/business/business-news/2024/04/17/ringgit-opens-higher-despite-greenback-strength
Ringgit opens higher despite greenback strength
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US job openings rise modestly to 8.8 million in February in strong labor market: U.S. job openings barely changed in February, staying at historically high ...
abcnews.go.com/US/wireStory/us-job-openings-rise-modestly-88-million-february-108749287
US job openings rise modestly to 8.8 million in February in strong labor ...
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Why gold prices are at record highs: From central banks to Costco customers, it seems everyone is buying gold these days.
cnn.com/2024/04/09/economy/gold-prices-record-highs/
Why gold prices are at record highs
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Biden claims inflation was 'skyrocketing' when he took office, despite data showing opposite
foxbusiness.com/politics/biden-claims-inflation-skyrocketing-took-office-despite-data-showing-opposite
Biden claims inflation was 'skyrocketing' when he took office ...
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U.S. economy grew at 1.6% annualized rate in first quarter: By comparison, GDP increased at 3.4% annual rate in the fourth quarter of 2023.
axios.com/2024/04/25/us-economy-gdp-report-q1-2024
U.S. economy grew at 1.6% annualized rate in first quarter
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Focus: Soaring insurance costs hit as US buyers finally get a break on car prices
reuters.com/markets/us/soaring-insurance-costs-hit-us-buyers-finally-get-break-car-prices-2024-04-11/
Focus: Soaring insurance costs hit as US buyers finally get a break on car ...
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Mortgage demand falls again as interest rates soar past 7%: A key measure of home-purchase application fell for the third straight week as mortgage interest ...
foxbusiness.com/economy/mortgage-demand-falls-again-interest-rates-soar-past-7
Mortgage demand falls again as interest rates soar past 7%
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How immigration is helping the economy defy expectations: Policymakers are increasingly pointing to an immigration influx and a bolstered U.S ...
thehill.com/homenews/4581122-how-immigration-is-helping-the-economy-defy-expectations/
How immigration is helping the economy defy expectations
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Wall Street traders keep underestimating America’s economic strength: It's the exact opposite of what happened in the 2010s
axios.com/2024/04/14/stock-market-bonds-interest-rates-us-economy
Wall Street traders keep underestimating America’s economic strength
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US bond bulls lean into latest selloff despite inflation scare: A sharp selloff in U.S. bonds so far in April is prompting some investors to consider allocating ...
reuters.com/markets/us/us-bond-bulls-lean-into-latest-selloff-despite-inflation-scare-2024-04-22/
US bond bulls lean into latest selloff despite inflation scare
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New I Bond rates won't be tantalizing but they could be decent: Inflation has cooled from a recent peak of 9.1% in June 2022. I Bond rates have pulled back, too ...
freep.com/story/money/personal-finance/susan-tompor/2024/04/24/inflation-is-hot-but-not-enough-to-drive-i-bonds-to-sky-high-returns/73414755007/
New I Bond rates won't be tantalizing but they could be decent
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Ticket prices for the women's Final Four games rival the men's: Call it the Caitlin Clark effect: The average sales price for a ticket to the women's college ...
npr.org/2024/04/05/1243082266/final-four-womens-mens-ticket-prices
Ticket prices for the women's Final Four games rival the men's
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Here are the tax brackets to file your 2023 taxes: The tax brackets for Americans will shift upward for tax year 2023, following a series of rule adjustments to ...
thehill.com/business/4595268-here-are-the-tax-brackets-to-file-your-2023-taxes/
Here are the tax brackets to file your 2023 taxes
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Fast-food businesses hiking prices because of higher minimum wage sound like Gordon Gekko
usatoday.com/story/opinion/voices/2024/04/24/california-minimum-wage-restaurants-fast-food-raise-prices/73332922007/
Fast-food businesses hiking prices because of higher minimum wage sound ...
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Trump to host rally on Biden's home turf in northeast Pennsylvania: Donald Trump’s rally in northeast Pennsylvania, an area President Joe Biden considers home ...
abcnews.go.com/Politics/wireStory/trump-host-rally-bidens-home-turf-northeast-pennsylvania-109189340
Trump to host rally on Biden's home turf in northeast Pennsylvania
Profile picture of Fox Business
Stock market sell-off has 'further to go,' JPMorgan warns: JPMorgan analysts warned in a note to clients this week that the U.S. stock market sell-off has ...
foxbusiness.com/markets/stock-market-selloff-has-further-go-jpmorgan-warns
Stock market sell-off has 'further to go,' JPMorgan warns
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Five things to know as the tax deadline looms: April 15th, the deadline to file your income taxes, is just around the corner. Filings so far this year are on ...
npr.org/2024/04/11/1242535266/taxes-irs-filing-money
Five things to know as the tax deadline looms
Quick Glance: Gender Pay Gap in UK Supermarkets and Income Impact
  • UK supermarkets are closing gender pay gap, with Morrisons experiencing a rise.

  • Ocado and Lidl show the most improvements, while Morrisons has the largest gap.

  • Hourly pay differences are reported by government service.

  • Equality initiatives and workplace improvements at M&S and Co-op.
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Parents are struggling with high prices this year. It may shape how they vote: Inflation is a top-of-mind issue for many Americans during this year's ...
npr.org/2024/04/06/1242873226/parents-inflation-election-2024
Parents are struggling with high prices this year. It may shape how they ...
Profile picture of The Hill (newspaper)
FTC calls out profits as a driver of grocery prices: A new Biden administration report is raising questions about the cause of rising food prices ...
thehill.com/business/4564255-ftc-calls-out-profits-as-a-driver-of-grocery-prices/
FTC calls out profits as a driver of grocery prices
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How much money do you need to retire? Most Americans calculate $1.8 million, survey says.
usatoday.com/story/money/personalfinance/2023/08/02/how-much-money-americans-need-for-retirement/70507274007/
How much money do you need to retire? Most Americans calculate $1 ...
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The stock market has skyrocketed to start 2024. Will it continue?: The S&P 500 has climbed 10% this year.
abcnews.go.com/Business/stock-market-skyrocketed-start-2024-continue/story
The stock market has skyrocketed to start 2024. Will it continue?
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Biden heading to his Pennsylvania hometown to talk taxes: Despite the healthy job market, a near-record-high stock market and a decline in inflation ...
pennlive.com/politics/2024/04/biden-heading-to-his-pennsylvania-hometown-to-talk-taxes.html
Biden heading to his Pennsylvania hometown to talk taxes
Profile picture of USA Today
Inflation is still bad. It's both Trump and Biden's fault. Who will fix it?: Inflation is still high. Trump's stimulus created it. Now Biden won't admit his plan ...
usatoday.com/story/opinion/columnist/2024/04/10/inflation-biden-economy-americans-spending-income-wages/73275197007/
Inflation is still bad. It's both Trump and Biden's fault ...
Profile picture of Fox Business
Trump campaign blasts Biden for ‘largest tax hike ever' as Americans face 'record-high inflation'
foxbusiness.com/politics/trump-campaign-blasts-biden-largest-tax-hike-americans-face-record-high-inflation
Trump campaign blasts Biden for ‘largest tax hike ever' as Americans face ...
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How immigrants are helping boost the U.S. job market without affecting inflation: Blockbuster jobs growth continues to power the U.S. economy, with the BLS ...
nbcnews.com/business/economy/immigrants-are-helping-us-job-market-grow-without-affecting-inflation-rcna146570
How immigrants are helping boost the U.S. job market without affecting ...
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How migrant workers have contributed to strong U.S. job growth: It turns out that the influx of foreign-born adults vastly raised the supply of available workers ...
pbs.org/newshour/economy/how-migrant-workers-have-contributed-to-strong-u-s-job-growth
How migrant workers have contributed to strong U.S. job growth
Profile picture of The Hill (newspaper)
Why Democrats are losing Asian Americans: Asian American voters in 2024 are increasingly engaged in politics given recent inflation, crime and education ...
thehill.com/opinion/4581602-why-democrats-are-losing-asian-americans/
Why Democrats are losing Asian Americans
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More Americans worried about climate change, but few think Biden's climate law will help, AP-NORC poll says
pbs.org/newshour/politics/more-americans-worried-about-climate-change-but-few-think-bidens-climate-law-will-help-ap-norc-poll-says
More Americans worried about climate change, but few think Biden's ...
Profile picture of USA Today
Why is the economy so strong? New hires are spending more and upgrading their lifestyles
usatoday.com/story/money/2024/04/18/strong-job-growth-bolsters-spending/73351285007/
Why is the economy so strong? New hires are spending more and upgrading ...
Profile picture of Insider (news website)
Interest rate 2024 outlook: More experts see no rate cuts as economy strong: Investors are finally waking up to the idea that the interest-rate cuts seen as a ...
businessinsider.com/interest-rate-2024-outlook-us-economy-fed-cuts-powell-jobs-2024-4
Interest rate 2024 outlook: More experts see no rate cuts as economy ...