Low-income Americans have missed out on the wealth effects that have benefited the highest earners. The Fed, which has played a role in what economists refer to as the K-shaped economy, can’t easily f...

The economy remained on track this year, defying the gloomiest predictions. That doesn't mean Americans are thrilled with how things are going.

President Donald Trump has corruptly commodified one of the most potent parts of the presidency and turned it into a product to be sold to the highest bidder, according to one lawyer. Since taking off...

During Donald Trump's second presidency, the U.S. Department of Housing and Urban Development (HUD) plans to redirect $3.9 billion away from Housing First — a program that got underway under President...

Homeland Security Secretary Kristi Noem was in the hot seat on Christmas after her department released a statement that numerous observers flagged as a violation of the Constitution.Homeland Security ...

The internet erupted into a frenzy on Monday night after a video of a canned "60 Minutes" segment from Sunday was published. On Sunday, CBS News Editor in Chief Bari Weiss scrapped a segment on "60 Mi...

The Trump administration appears to be returning the favor to those who made major donations to groups or projects supported by President Donald Trump in the wake of his 2024 election victory, with ne...

Lawmakers are back home for the holidays without making any progress to avoid another threatened government shutdown that's just over the horizon.Congress must reach an agreement to fund the federal g...

FBI Director Kash Patel has been riding around in a luxury armored BMW vehicle paid for with taxpayer funds.President Donald Trump's pick to lead the bureau has been asking for the specially armored B...

CBS News cut an upcoming "60 Minutes" report at the last minute on the infamous CECOT prison in El Salvador, setting off an outcry on social media.The network's flagship news magazine had been schedul...

Politicians across the aisle are increasingly focused on the cost of living, and according to Investopedia, affordability was the most-searched financial term of 2025. Ali Velshi and Investopedia editor-in-chief Caleb Silver pay a visit to Betty, a hypothetical working mother, to examine how affordability issues are impacting Americans. Housing costs, Silver tells Velshi, "have appreciated like no other costs," and Americans have no choice but to pay rising healthcare premiums because "it's not a want, it's an absolute need."

Government data shows that America’s official poverty rate is on the decline, but that’s based on an outdated calculation of the poverty threshold that ignores how life has changed in the six decades since it was first implemented. Many recent polls show that the majority of Americans are continuing to struggle under an economic system in which they “often find themselves running very hard simply to stay in place,” as financial strategist Michael Green puts it. Author and radio host Thom Hartmann adds, “This is really being driven by kind of an insane combination of bizarre economics and politics designed to enrich the rich.” 

Donald Trump tried to use his address to the nation to gaslight the country into thinking that the economy is doing better than it actually is. Despite what he says, the cost of living is much higher than it used to be and many people in the lower rungs of society are being squeezed out by the one-two punch of rising prices and the shrinking social safety net.