Here's what the Fed's interest rate pause means for your money
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
The debt ceiling deal has cleared both chambers of Congress and is headed to the president's desk.
The House Democratic leader said he can guarantee the U.S. will not default on its debt.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
Without a deal, Treasury Secretary Janet Yellen has said the U.S. could be unable to pay its bills and might default on its debt as soon as June 1.
President Joe Biden said Sunday he is "optimistic about a debt ceiling deal."
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
Nicole D'Antonio reports failing to raise the limit could have a big impact on the U-S economy.
Without congressional action, the U.S. could default as soon as June, she wrote in a letter Friday.
Congresswoman Ilena Ros-Lehtinen and Jim discuss the vote to reopen the government and where we go from here. The two also discuss whether three months from now we will be in the same situation. Other topics include immigration reform, and the future of the Republican party.
The GOP-led government shutdown looks like it will continue for an undetermined amount of time, even as more workers begin to lose their pay checks and the debt limit is avoided.
As the Republican-led government shutdown continues, the approaching debt limit and a possible debt default continues to grow larger on the horizon.
While the possibility of a government shutdown still remain high due to Congressional dysfunction, a more important showdown still looms large over Capitol Hill, the debt limit.
A staggering new Wall Street Journal/NBC News poll showed a plurality of the country was fine with the country crashing through the national debt ceiling.
Senator Marco Rubio is prepared to shut down the United States government if the Affordable Care Act isn't completely defunded by any short-term budget agreement.
As President Barack Obama and Congressional Republicans continue to fight over issues from spending to guns, the electorate is backing the president on most issues, according to a new Washington Post poll.
As Congressional Republicans and President Barack Obama begin to clash over the raising of national debt ceiling, a plan relying on one or two coins save the nation has started to gain momentum.
As Republicans in Congress prepare for a major fight with Senate Democrats and President Barack Obama over the economic future of the country; the eurozone is painting a very dark picture of what could lie ahead if America takes the wrong path.
The smoke has barely cleared from the prolonged fight over the fiscal cliff on Capitol Hill, but already Congressional leaders and the White House are drawing lines in the sand over the debt ceiling.
The bill to avert some of the fiscal cliff finally passed the House of Representatives late Tuesday night and did so with a largely bipartisan vote, especially from the Florida Congressional delegation.
The outline of a deal to avoid the so-called "fiscal cliff" is reportedly been made in the Capitol with just hours to go until the end of 2012.
Thinking she would be safe in jail, Jason Bucy was devastated when he learned his daughter had committed suicide in October 2022.
About 50 people are lucky to be alive Friday afternoon after the double-decker bus they were in caught fire, shutting down the westbound lanes of I-595 in Davie.
Prosecutors in former President Donald Trump's criminal trial in New York called two new witnesses to the stand on Friday, rounding out the first week of testimony.
On the second day of the 2024 NFL Draft, the Miami Dolphins selected offensive lineman Patrick Paul out of Houston. The Fins will have four more picks on Saturday.
A woman who was injured by part of a crane that fell on the 3rd Avenue Bridge in Fort Lauderdale last month is now suing 5 companies for $50 million.
Thinking she would be safe in jail, Jason Bucy was devastated when he learned his daughter had committed suicide in October 2022.
About 50 people are lucky to be alive Friday afternoon after the double-decker bus they were in caught fire, shutting down the westbound lanes of I-595 in Davie.
Prosecutors in former President Donald Trump's criminal trial in New York called two new witnesses to the stand on Friday, rounding out the first week of testimony.
Miami FC returns to FIU Stadium for a match against Western Conference opponent San Antonio FC on Saturday.
On the second day of the 2024 NFL Draft, the Miami Dolphins selected offensive lineman Patrick Paul out of Houston. The Fins will have four more picks on Saturday.
Florida insurance companies made money last year for the first time in seven years.
The U.S. Supreme Court is scheduled Sept. 26 to discuss whether it will hear a First Amendment challenge to a 2021 Florida law that placed restrictions on major social-media companies.
The number of people traveling to Florida during the second quarter of 2023 decreased compared to a year earlier, according to estimates released Wednesday by the state's tourism-marketing agency.
Gov. Ron DeSantis on Monday said Walt Disney Parks and Resorts should drop a federal lawsuit that claims retaliation by the state and accept changes to a special district that long benefited the theme-park giant.
It's Back-To-School and that also means back to the lunch room, as breakfast and lunch are free to all Miami-Dade public school students again this year.
Prosecutors in former President Donald Trump's criminal trial in New York called two new witnesses to the stand on Friday, rounding out the first week of testimony.
Border officers have broad authority to search travelers' electronic devices without a warrant or suspicion of a crime.
The White House had been due to decide on the menthol cigarette rule in March.
"I am happy to debate him," President Biden said during an interview with Howard Stern.
Secretary of State Antony Blinken has been weighing whether to recommend suspending U.S. aid to an IDF unit under a measure known as the Leahy Law.
Jim DeFede talks to former state senator Jeff Brandes, who runs the Florida Policy Project, which has been exploring solutions that include the role of vouchers and something called "upzoning."
Jim DeFede continues scrutinizing the three-plus decades during which Katherine Fernandez Rundle has led the Miami-Dade State Attorney's Office. This week, Jim's guest is South Miami Mayor Javier Fernandez.
Jim DeFede talks to the CEO of Trulieve, the cannabis company that spent $40 million to gather the signatures to get the measure on the ballot.
Jim DeFede goes one-on-one with the political and community activist and former rap superstar, who talks about making a run for the Rep. Sheila Cherfilus-McCormick's seat.
CBS News Miami's Jim DeFede speaks to attorneys about Rundle's tenure as Miami-Dade State Attorney.
The White House had been due to decide on the menthol cigarette rule in March.
The discovery of drug-resistant bacteria in two dogs prompted a probe by the CDC and New Jersey health authorities.
Joel Embiid has been experiencing Bell's palsy symptoms, he said after Philadelphia's 125-114 win over the New York Knicks.
Federal officials say they're double checking whether pasteurization has eradicated the danger from possible bird virus particles in milk.
UnitedHealth said it paid the criminals behind attack that crippled hospitals and pharmacies to protect sensitive patient data.
Discover which Apple iPad models are best suited to college students.
Got bees? Don't put up with all that buzzing and stinging; here are some easy ways to get rid of bees this spring.
Save big on appliances from top brands and retailers gearing up for Memorial Day.
Discover the best deals on all kinds of Apple iPad models, allowing you to snag a new tablet and save some cash.
Save on a new MacBook before Memorial Day rolls around this May with an early selection of deals.
Has mom and dad's bank been open too long at your house?
One consumer reported suffering a dental injury after eating Trader Joe's Chicken, Lentil & Caramelized Onion Pilaf product.
The company will keep its name and headquarters in Pittsburgh, but the United Steelworkers union voiced opposition to the deal.
For customers of SmileDirectClub, they were greeted with a message that they had shut down when logging on to its website.
CBP officials say the individually wrapped pink packages have an estimated resale value of more than $19,000.
The renowned Moulin Rouge cabaret venue's director has vowed to "rise to the challenge" after the windmill's sails fell off.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
For the first time in more than a year, the monthly board meeting of Walt Disney World's governing district was back to being what many municipal government forums often are — boring.
Taylor Swift broke her own records, Spotify said, and now owns the record for the top three most-streamed albums in a single day.
The singer was found deceased at her home, a representative said.