Troubled Europe summit: Merkel vs. everyone else
Leaders meet Thursday and Friday to deal with the European debt crisis; few results are expected
Europe in Crisis
Global stocks fall again ahead of EU summit
Doubts over the ability of European leaders to cobble together measures to deal with the debt crisis kept markets on edge
Cyprus: Eurozone countries accept bailout request
Officials from the European Commission, the European Central Bank and the International Monetary Fund will begin assessing next week how much bailout money Cyprus will need to prop up its banks and flagging economy, the country's finance minister said Wednesday.
Italy's borrowing costs skyrocket
Meanwhile, Italy is raising $2.1 billion to shore up the world's oldest running bank, Monte dei Paschi di Siena
Egan-Jones rating agency downgrades Germany
Egan-Jones says it has downgraded Germany from AA- to A+ and has issued a negative watch for the country's sovereign debt amid Europe's lingering debt crisis
Leading economist named as Greek finance minister
Yannis Stournaras will take over the post, after designated finance chief Vassilis Rapanos resigned Monday
Spain's borrowing cost soars
Investors are concerned that the country would not be able to manage an expensive rescue of its ailing banking sector
Moody's slashes debt ratings of 28 Spanish banks
Moody's Investor Service is cutting its credit ratings on 28 Spanish banks, saying the weakening finances of Spain's government is making it more difficult for that country to support its lenders
Cyprus becomes next eurozone state to seek bailout
Cyprus on Monday became the fifth eurozone country to request financial aid from its partners in the European currency union as it struggles to shore up its banks, which took heavy losses on Greek debt
Stocks head lower as Spain seeks help for banks
Analysts worry that Europe's piecemeal approach to its spreading government debt crises could backfire
Greece's designated finance minister resigns
Vassilis Rapanos was rushed to the hospital on Friday, just hours before he was supposed to be sworn in
Greek prime minister leaves hospital
Weekend eye surgery will prevent Prime Minister Antonis Samaras from traveling to a critical European Union summit in Brussels this week
The euro crisis: Everybody's problem
Clarissa Ward on how Greece's recession and Spain's debt are testing the strength - and validity - of Europe's single currency
Spain asks for bank rescue
Country has yet to specify how much of the $125 billion loan package offered by the 17 countries that use the euro it will ask for
Key European leaders meet to ease debt crisis
Friday's meeting takes place amid worldwide fears that an economic crack-up in Europe could drag down the entire global economy
Spain to reveal size of bank bailout July 9
Independent auditors estimated Spain's troubled bank sector would need up to 62B euro in new money to survive a severe economic downturn
Auditors: Spain bank bailout could cost up to $78B
Spain's troubled banks could need as much as $78.6 billion in new capital to protect themselves from economic shocks
Greece names banker Rapanos as finance minister
Vassilis Rapanos, a non-executive chairman of the National Bank of Greece, has been a leading figure in the country's banking sector and has also been teaching at Athens University
New Greek PM Samaras to name cabinet members
All three coalition parties have promised to broadly respect Greece's pledges to undertake further harsh austerity measures and reforms
New Greek Prime Minister Antonis Samaras sworn in
Will head a three-party coalition that will uphold the country's international bailout commitments
Socialist head: Greek coalition framework set
Socialist party leader says details of three-party coalition government expected to be finalized by end of the day
Spain's borrowing costs soar
Yield on 10-year Spanish bonds remained perilously high and above the 7 pct level for much of the day, but rate closed at 6.99 pct
EU official: Greek bailout terms to be changed
Official said the renegotiation was part of the normal process of assessing the progress of any country receiving an international bailout
Euro exit averted, Greece is still on the clock
While Greece is unlikely to cause international panic with a split from the euro, it still faces a shattered economy
Europe looks on as Greek victors seek coalition
Wary confidence among investors as pro-bailout New Democracy party tries to build new gov't that would keep Greece in eurozone
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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
"In retrospect, it's too bad I took it because it gave them a little ammunition," President Trump told The Wall Street Journal.
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.
NYC Mayor Zohran Mamdani inaugurated, addresses New Yorkers
Zohran Mamdani was publicly sworn in and addressed New Yorkers for the first time as the city's 112th mayor.
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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
In 2026, several states are set to prohibit individuals from purchasing certain junk food items using their federal benefits. Meg Oliver has the details.
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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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
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Interstellar comet is making its closest approach to Earth
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Epstein survivors decry delay in releasing files
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Day care in Minneapolis vandalized after viral video purporting fraud
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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
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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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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."