CBS News

The average wedding in the U.S. costs more than $30,000. Now, event planners are warning couples that prices of various wedding-related items, including “the charger plates, the linen, the napkins, the candelabras, the florals and even the chairs,” could go up because of tariffs.

Looking to buy a car in the first half of 2025? Whether new or used, it might be time to speed up the car-buying process to try to get ahead of potential tariffs on foreign-made cars, which President Trump announced will go into effect on April 2.

The fallout from President Trump’s latest round of tariffs could affect drivers all over the U.S. The 25% tariffs on imported cars and parts — in addition to the potential 25% duty on all foreign aluminum and steel — could not only impact the cost of cars, but also car insurance costs.

The Social Security Administration's new policy to withhold 100% of overpayments to Americans is now in place. CBS News business analyst?Jill Schlesinger?explains what to know. https://lnkd.in/emVdZUaS

More than 172,000 jobs were cut last month in the U.S., according to Challenger, Gray & Christmas, Inc., a firm that helps laid off employees. The job cuts were the most since the height of the pandemic. LinkedIn’s Catherine Fisher shares some tips for how to navigate the uncertainty.

Falling consumer confidence is due to a mix of factors, CBS News business analyst?Jill Schlesinger explains, including ongoing tariff uncertainty and slow growth in the first quarter of the year. “The first quarter that we’re in, we’re showing slower growth.”

Some Social Security recipients could soon find themselves in the crosshairs of a policy that advocates for seniors say could cause financial hardship for many older Americans. Starting today, the Social Security Administration will begin clawing back overpayments from the retirement program by?taking 100%?of a beneficiary's monthly check until the money is repaid, up from the prior rate of 10%. The policy will impact new cases of overpayments starting on March 27. The benefits withholding rate for people who were overpaid before that date will remain at 10%. The agency's 100% recovery rate was announced earlier this month by SSA Acting Commissioner Lee Dudek, who has worked with Elon Musk's?Department of Government Efficiency, or DOGE, to?cut costs?at the agency by firing thousands of workers and closing field offices. Dudek has?described?the 100% clawback rate as part of the agency's responsibility to recover overpaid funds. But advocates for older Americans say the policy will cause financial distress for many people, especially those who rely on the program for all or most of their income.

With the rising cost of living, more adult Americans are turning to their parents for financial help. According to the latest annual report from Savings.com, half of all U.S. parents with kids over the age of 18 support their kid financially.?The survey reflects a 3-year high and some parents are shelling out $1,5000 every month. Dallas Morning News business editor Javier E. David explains what costs are parents are helping with. https://lnkd.in/eeS-rj_k

Disability rights advocates say income and asset caps for Medicaid buy-in programs are a "poverty trap" for millions of Americans.

An encrypted messaging app called Signal Messenger is drawing attention and questions after top Trump officials — including Defense Secretary Pete Hegseth and Vice President JD Vance — allegedly?used the service?to discuss a highly sensitive military operation while inadvertently including The Atlantic's editor-in-chief, Jeffrey Goldberg, in the chat. The use of Signal to discuss sensitive military operations is raising questions about the app, including its level of security against hackers and other bad actors. It's an app that many Americans may not be familiar with, given that Signal had about 70 million users in 2024, a fraction of the 1 billion active monthly users of Apple's iMessage,?according?to the national security publication Lawfare. Here's what to know about the app.