U.S. President-elect Donald Trump has vowed to conduct “the largest deportation effort in American history,” no matter the price tag —but the economic costs of such a campaign may be bigger than he has bargained for.

If the president-elect follows through, consumers and businesses are likely to see prices rise on everything from fresh fruit to electronics

Americans’ confidence in the economy improved after Republicans won big in the 2024 election earlier this month, a new survey found. The Gallup poll, released Tuesday, shows that Americans rank their confidence in the economy as -17,

This election cycle showed that our evaluations of external reality are increasingly partisan. Can the media bridge the gap?

The economy sped up in November and kept the U.S. on track for another strong quarter of growth, fueled by optimism about falling interest rates and the prospect of a pro-business Trump administration,

"The U.S economy is the envy of the world," said Rutgers Business School finance professor Parul Jain. "Why didn’t that message get through to the electorate?” “There’s always a big lag between objective economic indicators and public opinion ...

President Joe Biden and first lady Jill Biden on Friday hosted a dinner to thank longtime supporters on the White House South Lawn. In one of his last appearances in America's top job, Biden listed a number of accomplishments and reflected on the legacy of his time in office.

When Donald Trump first entered the White House in 2017, Cyrus Razzaghi was running an Iranian business consultancy, advising US, Japanese and European companies about how to grab opportunities in a market emerging from years of economic isolation.

It seems like Donald Trump was serious about those tariffs — he's already threatening to put new tariffs on goods from Canada, Mexico, and China as soon as he takes office. So what does that mean for Americans and for the economy?

This dichotomy shows up neatly in the latest University of Michigan consumer sentiment data. The sentiment index for Republicans jumped from 53.6 in October to 69.1 in November, putting it at the highest level since shortly after President Joe Biden took office in 2021.

Kelly O’Grady, CBS News MoneyWatch correspondent talks about how possible pending deportations could affect the economy and the cost of food.