Economy

2 bills would erase income taxes for many Americans. Here's what to know.

March 13, 2026 / 10:57 AM EDT / CBS News

Economic growth late last year was much weaker than previously thought

Updated on: March 13, 2026 / 10:32 AM EDT / CBS News

Which states prohibit wage garnishment by debt collectors?

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Business owner says rapidly rising price of diesel "is a shock to our whole system"

As gas prices increase, AAA says the cost of diesel is rising even faster. Diesel powers trucks, planes, trains and farm equipment. One business owner said if the spike continues, they may have to pass on some of the cost to the consumer. Skyler Henry reports.

Iran War Oil Shock Stokes Fears of 1970s-Style Stagflation

Some investors are drawing comparisons with the 1970s to interpret where markets are headed in 2026, but there are several key differences to note this time around.

Some six-figure earners are still 'on thin ice' in the K-shaped economy: 'A lot of factors' could 'leave you exposed'

Some households earning $160,000 or more a year fall on the “thin ice” side of the K-shaped economy, a new report finds.

The Great American Condo Crisis

If the U.S. wants to remain a nation of homeowners, it has no choice but to start building condos again.

What is the Strait of Hormuz and can the US stop Iran from blocking it?

Energy prices have soared as Iranian strikes and reports of mines prevent ships from transiting the chokepoint

Iran’s 'oil lifeline’ has been left untouched in the conflict. What happens if it's seized?

Analysts say any attempt to attack or seize Iran’s strategic oil hub is likely to be fraught with risk.

What are today's mortgage interest rates: March 13, 2026?

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Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1%

The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%.

Trump's MFN policy threatens US competitiveness with China

Congressional enactment of the “most favored nation” drug pricing policy urged by President Donald Trump in his State of the Union message would gravely harm American innovation, competitiveness, and national security in the emerging pharmaceutical technology race with China by crippling the market incentive system that has reliably propelled U.S. global leadership in this vital sector for decades.