Poverty Rate Was Stable Before Trump’s Safety Net Cuts Gained Force
Median household income rose to a record $87,460 in 2025, according to annual Census Bureau data on the financial well-being of Americans.
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CBO says Iran war driving up inflation, puts price tag at $38 billion
Two new, independent reports show detailed looks at the costs of the war in Iran. It's led to shortages in U.S. weapons, supply chain bottlenecks and a price tag in the tens of billions of dollars.
Senate fails to advance crypto bill, dooming the effort this Congress
The Senate fails to advance crypto bill. Democrats had raised concerns that the bill would not do enough to address President Donald Trump’s crypto empire.
Family income rose and poverty fell in 2025 — but safety net cuts could erase gains
An annual report from the Census Bureau shows the average family made more money in 2025 than the year before, while the official poverty rate declined. Health care coverage was little changed from 2024. (Image credit: Patrick T. Fallon)
U.S. poverty rate drops slightly, but experts fear worse ahead
The census data released Tuesday did not include the impact of more recent cuts to social safety net programs.
Spike on 10-year bond yields renews concerns over U.S. debt
The 5-percent milestone, last topped in 2023, deepened worries that rising borrowing costs will squeeze households and swell the cost of carrying the national debt.
This far-out idea could enable solar panels to work at night
Once a far-out idea, space solar is attracting serious investment as a way to power data centers.
‘60 Minutes’ starts fresh following a summer of turmoil
The CBS newsmagazine picked up where it left off Sunday evening, months after Bari Weiss and Nick Bilton fired top journalists.
A new tax incentive could lead to more films being made in the U.S. rather than abroad
President Trump and Congress are weighing in on potential federal tax incentives for film production. It's hoped the tax credit would keep production of films and TV in the U.S. rather than overseas.