The massive tax and spending cut bill that Congress passed Thursday ends federal tax incentives for electric vehicles. Buyers have until Sept. 30 to qualify for the federal tax credits on EVs before they are terminated. But experts say there are still strong financial reasons to consider buying the vehicles even without those incentives. Before … Read more
7/3: CBS Mornings Plus – CBS News Watch CBS News The latest on the status of President Trump’s “big, beautiful bill” in the House after overnight debate. Plus, how you can save money and start fresh with your financial goals halfway through the year. Be the first to know Get browser notifications for breaking news, … Read more
Immigration and Customs Enforcement officials have arrested Mexican boxer Julio César Chávez Jr. over alleged cartel ties, the Department of Homeland Security said Thursday. He is “being processed for expedited removal from the United States,” DHS said on social media. He was arrested Wednesday in Studio City, California, the department said. Chávez, who recently lost … Read more
Washington — There’s no filibuster in the House, but Democratic leader Hakeem Jeffries essentially conducted one anyway as the House debated President Trump’s “big, beautiful bill” before it passed on Thursday. Jeffries held the House floor for more than eight hours, taking his “sweet time” with a marathon floor speech that delayed passage of Republicans’ … Read more
Watch: House Speaker Mike Johnson speaks after Trump budget bill’s final passage – CBS News Watch CBS News House Speaker Mike Johnson delivered remarks Thursday after the House passed President Trump’s budget bill, setting the legislation up to be signed into law. Following Johnson’s comments, CBS News political reporter Zak Hudak offered insight on the … Read more
June jobs report stronger than expected – CBS News Watch CBS News The Labor Department says the U.S. added 147,000 jobs in June, far more than some economists predicted. CBS News MoneyWatch correspondent Kelly O’Grady reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn … Read more
Mortgage interest rates are declining again, new data shows. Getty Images Here’s something you may not have read in a while: Mortgage interest rates just dropped. And it wasn’t just an anomaly. In fact, mortgage rates have declined for five consecutive weeks now, according to FreddieMac data released Thursday. Now at an average 6.67% rate … Read more
A wildfire broke out in California Wednesday and rapidly spread to burn over 35,000 acres, making it the largest in the state this year, according to state fire officials. “With the current weather, terrain, and fuels conditions this fire has seen exponential growth in less than 24 hours,” the U.S. Forest Service said in … Read more
From the archives: The infamous 1916 shark attacks that inspired “Jaws” – CBS News Watch CBS News The scariest word at any beach has to be the warning: “SHARK!” Although attacks by the sea predator are rare, they nonetheless create fear among beachgoers. Correspondent Anna Werner looked back at a fateful string of shark encounters … Read more
Nissan is recalling more than 480,000 vehicles in the U.S. and Canada because of manufacturing defects that could cause the engine to lose power while in use. In a recall notice posted with the the National Highway Traffic Safety Administration, Nissan said it had identified bearing failures in certain vehicles. Nissan is recalling 443,899 vehicles in the … Read more