Italy bank chief: No need now for rescue aid
Separately, a top Cabinet official urged reducing taxes for families and businesses and improving production with fewer resources
Europe in Crisis
Spain's borrowing costs soar on ECB warning
The interest rate on Spain's benchmark 10-year bond rose to 7.21 percent in the first hour of trading; later edged back to 6.97 percent
ECB's Draghi: Bank may intervene on bonds
Also, European Central Bank left its key interest rate unchanged at 0.75 percent Thursday
S&P downgrades Cyprus deeper into junk
Ratings agency also warned of further downgrades over concerns that the country's troubled banks will continue to strain public finances
ECB may have to change tack on bond buys
Analysts say expectations for action are so high that markets could be sorely disappointed if no new bold measures are announced Thursday
Eurozone unemployment hits record high
EU's statistics office says 17.801 million people were out of work in the eurozone in June; unemployment rate remains at 11.2 percent
U.S., Germany stress cooperation to end euro crisis
U.S. Treasury Secretary Tim Geithner travels to Germany to discuss eurozone debt crisis
Spain's economy shrinks third quarter in a row
Country has near 25 percent unemployment and is struggling to avoid having to seek a financial bailout
Stocks rise after ECB vows to lower interest rates
Markets recovered on Thursday on reports that the European Central Bank may intervene to bring down government borrowing rates
Greece starts crucial talks with debt inspectors
Talks with the EU, IMF and ECB inspectors are focusing on the progress of a program of stringent spending cuts and other austerity measures
U.K. in a deeper recession than thought
Statistics office says economy contracted by a quarterly rate of 0.7 percent in the second quarter; 0.2 percent decline was anticipated
Greek PM pledges growth as recession deepens
Despite an anticipated economic contraction of 7 percent this year, prime minister predicts Greece could return to growth by 2014
Spanish civil servant protest wage cuts
Hundreds of bureaucrats rally in Madrid to protest government austerity measures
Spain, Italy borrowing rates surge
Interest rates on Spanish and Italian government debt are again on the rise, highlighting concerns about Europe's debt crisis
ECB cuts key rate to new low to help economy
European Central Bank cut its key interest rate by a quarter percentage point to a record low of 0.75 percent to boost a eurozone economy
Cyprus: EU bailout, Russian loan compatible
Government plans to seek a eurozone bailout in addition to a loan from Russia
Monti: Italy needs cheaper borrowing rates
Italian premier stressed Italy isn't asking for a rescue or for jointly issued eurobonds
Spain's banks could get bailout money within weeks
Spain will have access to up to $126 billion in rescue loans from the 17-country eurozone's bailout fund for its banks
Cyprus starts bailout talks
Cyprus last week became the fifth EU country to ask for financial aid from its partners in the common currency union
Will the British vote to exit the EU?
Demands grow for U.K. to consider cutting European Union ties
Eurozone unemployment hits new record in May
The EU's statistics office said unemployment rose to 11.1 percent in May; rate was the highest since the euro was launched in 1999
Bailout envoy urges Greece to speed up reforms
Greece narrowly avoided bankruptcy earlier this year, before winning a major debt structuring deal with banks and additional bailout money from rescue lenders
Europe summit surprises with bold moves
Eurozone leaders agreed they will let funds intended to bail out indebted governments funnel money directly to struggling banks as well
EU leaders approve plan for immediate growth
European leaders meeting in Brussels agreed Thursday to devote $149 billion for "immediate growth measures" to try to dig the continent's weakest economies out of crisis
European leaders seek roadmap for future growth
European leaders agree more needs to be done to stimulate growth and regulate banks, though sharp divisions remain over the issue of pooling government debt as a way to ease the continent's financial crisis
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U.S. says China military drills near Taiwan "increase tensions unnecessarily"
Chinese war games around Taiwan "unnecessarily" spiked tensions in the region, the U.S. State Department said, calling on Beijing to "cease its military pressure."
Trump says he underwent CT scan, not MRI, during October examination
"In retrospect, it's too bad I took it because it gave them a little ammunition," President Trump told The Wall Street Journal.
Coast Guard searches for 77-year-old woman who went overboard from cruise ship
The woman was a passenger on the Nieuw Statendam cruise ship, which was roughly 40 miles northeast of Sabana, Cuba, when she went overboard, the Coast Guard said.
U.S. reduces proposed tariffs on Italian pasta, Italy says
Steep U.S. import duties targeting 13 Italian pasta makers will be sharply reduced, Italy's foreign ministry said on Jan. 1.
Trump administration delays tariff increases on furniture, kitchen cabinets
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
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U.S. reduces proposed tariffs on Italian pasta, Italy says
Steep U.S. import duties targeting 13 Italian pasta makers will be sharply reduced, Italy's foreign ministry said on Jan. 1.
Trump administration delays tariff increases on furniture, kitchen cabinets
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
Price hikes hit ACA health insurance plans as subsidies expire
Enhanced tax credits that have helped Americans offset the cost of Affordable Care Act health insurance for the last four years expired overnight.
What's open on New Year's Day 2026? See which stores are operating.
Banks, post offices and major stock exchanges will be closed in observance of the federal holiday, but some stores are open.
Federal appeals court blocks Hawaii's tourist tax on cruise ships
The levy, which would impose a new 11% tax on the gross fares paid by a cruise ship's passenger, was set to go into effect at the start of 2026.
Politics
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U.S. says China military drills near Taiwan "increase tensions unnecessarily"
Chinese war games around Taiwan "unnecessarily" spiked tensions in the region, the U.S. State Department said, calling on Beijing to "cease its military pressure."
Trump says he underwent CT scan, not MRI, during October examination
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Trump administration delays tariff increases on furniture, kitchen cabinets
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
Price hikes hit ACA health insurance plans as subsidies expire
Enhanced tax credits that have helped Americans offset the cost of Affordable Care Act health insurance for the last four years expired overnight.
Live
Watch Live: NYC Mayor Zohran Mamdani's inauguration, address to New Yorkers
Zohran Mamdani was sworn in early Thursday as the 112th mayor of New York City. The democratic socialist is the city's first Muslim mayor, as well as one of its youngest ever.
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Price hikes hit ACA health insurance plans as subsidies expire
Enhanced tax credits that have helped Americans offset the cost of Affordable Care Act health insurance for the last four years expired overnight.
Some states ban junk food from SNAP benefits
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Flu cases spiking this holiday season, CDC data shows
The Centers for Disease Control and Prevention says 32 jurisdictions are showing "high" or "very high" levels of flu.
New California tortilla law aims to decrease birth defects in Latino babies
Mom-and-pop shops will be exempt from this change, but big manufacturers in California will need to start adding folic acid to tortillas beginning January 1.
Advances in treatment for Alzheimer's disease
The number of Americans with Alzheimer's disease is expected to double from 7 million in 2020 to 14 million by 2060, according to the CDC. However, advances in treatment options are giving more people hope in slowing the decline. Dr. Jon LaPook breaks it down.
World
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U.S. says China military drills near Taiwan "increase tensions unnecessarily"
Chinese war games around Taiwan "unnecessarily" spiked tensions in the region, the U.S. State Department said, calling on Beijing to "cease its military pressure."
At least 6 reported killed during Iran protests over struggling economy
The deaths may mark the start of a heavier-handed response by Iran's theocracy over the demonstrations, which have slowed in Tehran but expanded elsewhere.
Pope starts 2026 with prayer for countries "bloodied by conflict"
Pope Leo XIV celebrated a New Year's Day Mass in St. Peter's Basilica and then delivered a special noontime prayer from his studio overlooking the piazza.
Fire kills dozens at crowded Swiss Alps bar on New Year's
Police in Switzerland say a fire at a bar in the Crans-Montana ski resort area is believed to have left about 40 people dead and dozens more injured.
France defends granting George Clooney and his family French citizenship
George Clooney and his wife, Amal Clooney, were granted French citizenship because "they contribute, through their distinguished actions, to France's international influence and cultural outreach," the French government said.
Entertainment
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France defends granting George Clooney and his family French citizenship
George Clooney and his wife, Amal Clooney, were granted French citizenship because "they contribute, through their distinguished actions, to France's international influence and cultural outreach," the French government said.
Notable works entering the public domain in 2026
Here are the significant books, films and characters joining the list of works in the public domain on Jan. 1, 2026.
Noah Wyle on authenticity of "The Pitt"
The hit series "The Pitt" has earned praise for its realistic look at the pressures facing health care workers. Chief medical correspondent Dr. Jon LaPook spoke to the star of the show, Noah Wyle, for "CBS Sunday Morning." Wyle talked about how the cast prepared for their roles beyond learning their lines before shooting the series even began.
Here's who's performing on New Year's Eve to ring in 2026
Here's what to know about the lineup of performances scheduled for New Year's Eve, as crowds gather in Times Square to ring in 2026.
Isiah Whitlock Jr., actor known for his roles in "The Wire" and "Veep," dies at 71
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
Technology
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Technology
Economic oasis emerges in the Arizona desert
Arizona is fast becoming a major hub for computer chip production thanks to what's being called the largest foreign direct investment in U.S. history. Kris Van Cleave takes us to a sprawling campus in Phoenix that is providing thousands of jobs while reducing America's reliance on overseas products.
OpenAI hiring for head safety executive to mitigate AI risks
The company's investment in safety prevention comes amid growing concerns over the potential harm of artificial intelligence.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Instacart ending AI price tests for retailers
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
Tech companies push for data centers
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
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2025 was so hot it pushed Earth past critical climate change mark
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Researchers capture video of rare polar bear adoption
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Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Interstellar comet is making its closest approach to Earth
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Fallout grows over freezing of child care funds
After the Trump administration paused federal assistance to child care centers in Minnesota, parents are now wondering if their kids' day care is in jeopardy, as the government investigates fraud claims. Jonah Kaplan has been following this developing story.
Epstein survivors decry delay in releasing files
There may be millions of documents the Justice Department still needs to release from the case against convicted sex offender Jeffrey Epstein. By law, those files were required to be made public nearly two weeks ago. Scott MacFarlane has the latest.
Day care in Minneapolis vandalized after viral video purporting fraud
A Minneapolis day care says that vandals damaged the facility early this week, after a YouTube video purporting to expose fraud among day cares in the Twin Cities metro area went viral.
New details on charges against Stefon Diggs
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New Orleans marks 1 year since terror attack
New Orleans is marking one year since 14 people were killed and dozens more were injured in a terror attack on the city's iconic Bourbon Street. Kati Weis spoke to the family of one of the victims about how they're remembering their loved one.
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NASA's search for next lunar rover
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
Artemis 2 astronauts rehearse countdown for upcoming moon launch
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
Woman is first wheelchair user launched into space
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Blue Origin safely launches wheelchair user to space and back
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Jared Isaacman, billionaire who's flown with SpaceX, confirmed to lead NASA
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Timeline: The disappearance of George Smith
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"CBS Mornings" looks back at favorite moments from 2025 as the new year kicks off.
Deadly New Year's fire at Swiss Alps bar
Dozens of people are presumed dead and about 100 others are injured after a fire tore through a bar at a Swiss Alps ski resort, police say. Authorities are working to determine the cause, but do not believe it was an attack.
New Year's celebrations around the world
Hundreds of thousands of people braved the cold weather in New York City to watch the iconic ball drop in Times Square on New Year's Eve. Meanwhile in London, fireworks lit up the sky to welcome 2026 and there were drone displays in the United Arab Emirates.
Dokoupil: Don't just trust me. Make me earn it.
"You come first," declares the new anchor of the Evening News. "Not advertisers. Not politicians. Not corporate interests — including the new owners of CBS."