Economy News | LeadStory

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Americans debt hits a new record high: Here are tips to pay it off

A new Federal Reserve report shows total household debt is more than $18 trillion, which is equivalent to nearly half the size of the U.S. economy. CBS News business analyst Jill Schlesinger has tips to help you cut down on your debt.

CBS America

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Gaza's fishing industry faces near collapse

Gaza’s fishing industry faces near collapse as conflict halts operations and Israel restricts access to the sea.

Al Jazeera

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Immigrants fuel Spain's economic boom

After years of sluggish growth, Spain is thriving again. Growth surged to 3.5% last year, powered by record tourism and immigration, as some experts say.

DW News

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Supreme Court deciding if Trump has the power to unilaterally impose tariffs

The Supreme Court heard arguments on Wednesday on the legality of President Trump's sweeping tariffs on foreign imports. CBS News legal contributor Jessica Levinson has more.

CBS News

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Republicans and Democrats trade blame as shutdown drags on

The US government shutdown is now in its 36th day—a record-breaking length. While both political parties blame each other, the result is being felt by the public. Hundreds of thousands of federal workers are going without pay, and govern...

Al Jazeera

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Which European countries think they're doomed?

Which European country is the most pessimistic about its future? What are Europe's top concerns? And which European country worries about war more than Israel?

Euronews

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Betting on misery: The dark side of Italy's gambling passion

Betting is booming in Italy, now Europe's biggest gambling market. That's lining state coffers, but putting the government at odds with those calling for curbs, including support groups and the Catholic Church.

Reuters

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How the economy could be driving voters on Election Day

One of the key issues expected to be top of mind for voters on Tuesday (November 4) is the economy.

CBS America

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Why Pakistan persistently fails to unlock its economic potential

Pakistan’s foreign direct investment (FDI) remains strikingly low despite its abundant natural resources, youthful population, and strategic location near major global economies.

DW News

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Puerto Ricans hope U.S. fleet will help bail out economy

With the U.S. pursuing a drone campaign against alleged drug smugglers in the Caribbean, the U.S. territory of Puerto Rico is preparing to host 15,000 troops at a recently reopened base. The facility originally closed more than two decad...

Al Jazeera

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Chinese tourism downturn of 35% hitting Thai economy

On Wednesday, Thailand celebrates the festival of Loy Kratong, marking the end of the rainy season. It’s hoped the holiday will bring an uptick in tourist arrivals, which are down seven percent this year.

Al Jazeera

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Brazil to blast channel in Amazon river to increase shipping

With the United Nations COP30 climate summit set to get underway in Belem, Brazil in November, 300 miles upriver there are plans to blast an Amazon tributary in order to increase grains shipping as the soy frontier advances.

Reuters

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Millions of Americans brace for higher health insurance costs

Millions of Americans are bracing for higher health insurance costs as open enrollment begins and Affordable Care Act subsidies are set to expire. Cynthia Cox, the vice president and director of the Affordable Care Act program at KFF, jo...

CBS America

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Greece’s tough deportation policy clashes with need for workers

Last month, Greece adopted Europe’s strictest deportation policy to discourage asylum seekers from reaching its borders. But the country’s economic demands are now fostering a more positive outlook toward refugees.

Al Jazeera

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Oil rises after OPEC+ says it will pause output hikes

Oil advanced a fourth day after OPEC+ said it planned to pause output increases in the first quarter of 2026, following another modest hike for next month.

Bloomberg

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New Zealand Prime Minister Luxon on Global Trade

New Zealand Prime Minister Christopher Luxon speaks on on global trade, interest rates, fiscal position.

Bloomberg

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Monthly health care premiums set to double for many Americans

The political stand-off in the nation's capitol is forcing millions of people to pay more for health care, food and child care. Low income families are going to be hit hardest.

CBS America

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CBS poll: Americans increasingly worried about economy amid shutdown

A new CBS News poll finds that Americans are increasingly voicing concern about the shutdown's impact on the U.S. economy, as a big majority feel Congress isn't even working to try to end it.

CBS America

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SNAP benefits to expire as judges order White House to fund program

Federal food assistance programs like SNAP benefits are set to expire Saturday as lawmakers remain at odds over funding the government. However, some judges have ordered the Trump administration to continue funding the program.

CBS America

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42 million Americans facing hunger as shutdown enters second month

The U.S. government shutdown barreled towards its second month and the pain is spreading fast, with food aid vanishing and 42 million Americans caught in the crossfire on November 2nd.

France 24

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U.S. government to stop paying for food aid in November

The new notice comes after the Trump administration said it would not tap roughly $5 billion in contingency funds to keep benefits through the Supplemental Nutrition Assistance Program, (SNAP), used by one in every eight Americans.

Euronews

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Candy companies subbing out real chocolate to beat cocoa prices

A new report from The New York Times explores why companies are substituting real chocolate with other ingredients due to climate change.

CBS America

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APEC summit: Xi Jinping promises to protect free trade

Chinese president Xi Jinping has told Asia-Pacific leaders that his country will help protect free trade at their annual economic summit that Donald Trump skipped. Leaders of the 21 Asia-Pacific Economic Cooperation countries have been m...

Al Jazeera

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Are Trump's trade agreements enough for struggling American farmers?

American soybean farmers are reacting to news of an agreement between the U.S. and China as they struggle to sell their crops. CBS News' Lana Zak reports.

CBS America

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Vehicle price out of reach for many in Iran

In Iran, the dream of owning a car is becoming increasingly distant for many people.

Al Jazeera

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Trump announces deal with China after talks with Xi in South Korea

Washington and Beijing are "in agreement on many things," U.S. President Donald Trump said after the face-to-face meeting that lasted nearly two hours, the first between both leaders in six years.

Euronews

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Gazans repair torn banknotes and wait in line as cash crisis deepens

In Gaza, the banks that weren't destroyed in the war have reopened since a ceasefire, but Palestinians are finding long lines and high rates. A shortage of cash, which isn't allowed through Israel's blockade, has left Palestinians victim...

Reuters

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Shutdown may affect centers that feed children

Funding for SNAP benefits and other programs that provide food for children and families are set to lapse Saturday as the government shutdown drags on. CBS News' Nikole Killion reports.

CBS America

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APEC summit: U.S.-China rivalry looms over trade and diplomacy

U.S.-China tensions cast a shadow over the APEC summit in South Korea — Leaders debate trade, diplomacy, and the bloc’s mission of free trade.

Al Jazeera

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How Trump's new tariff rate on China will impact consumers

President Trump says he will lower tariffs on goods from China. Some of the top products the U.S. imports from China include electronics, fuel, oil, ore, heavy machinery and precious stones and metals.

CBS America