The Labor Department data released Wednesday showed that inflation ticked back up in October, which is what economists were expecting. CBS News MoneyWatch correspondent Kelly O’Grady has more on what it means for consumers.

President-elect Donald Trump selected Congressman Matt Gaetz of Florida as attorney general and former Democratic Congresswoman Tulsi Gabbard of Hawaii as the director of national intelligence. CBS News’ Major Garrett breaks down the picks and characterizes Trump’s meeting with President Biden Wednesday.

Senate Republicans elected South Dakota’s John Thune to replace Mitch McConnell as the new majority leader. CBS News congressional correspondent Nikole Killion reports on how the vote went down and what Thune will be tasked with.