Fed likely to hike interest rates amid soaring inflation.

The Federal Reserve is expected to respond to inflation with another interest rate hike this week. CBS News correspondent Meg Oliver reports on the predicted increase. Then, Aaron Weinman, a finance correspondent for Business Insider, joins Elaine Quijano to discuss the impact of another hike on consumers.

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Walgreens had role in San Francisco opioid crisis, judge rules: CBS News Flash August 11, 2022.

Walgreens had role in San Francisco opioid crisis, judge rules: CBS News Flash August 11, 2022.

A federal judge has ruled that Walgreens contributed to San Francisco's opioid crisis and can be held responsible. There’s no word yet on how much the chain will have to pay. Thousands have been evacuated from their homes in southwestern France du...

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LIVE: Top stories and breaking news on August 11 - CBS News Mornings.

LIVE: Top stories and breaking news on August 11 - CBS News Mornings.

Get ahead on the latest news by streaming the most important national and global stories on CBS News Mornings. #News #LiveNews #BreakingNews CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations,...

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8/10: CBS News Prime Time

8/10: CBS News Prime Time

Lana Zak reports on new inflation numbers, Trump's deposition and military medical debt

Military medical facilities send huge bills to civilians.

Military medical facilities send huge bills to civilians.

Lawmakers are calling on the Pentagon to do more to help civilians with massive medical bills from emergency treatment at military facilities. The military has the power to reduce or waive those bills, but that rarely happens. Making matters worse...

Inflation slowed in July as gasoline prices dropped.

Inflation slowed in July as gasoline prices dropped.

The U.S. inflation rate slowed more than was expected in July, the latest numbers revealed Wednesday. Aaron Weinman, a finance correspondent for Business Insider, joined CBS News to discuss the recent data from the Labor Department.