Will Fed raise interest rates again this week? Here's what to expect.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
Banking Crisis & Response
Bank stocks tumble as First Republic deal fails to stem investor fears
Shares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
What happens to First Republic Bank's stock and deposits now?
JPMorgan Chase is buying the troubled lender after it became the second biggest bank failure in U.S. history.
First Republic Bank seized by regulators, then sold to JPMorgan Chase
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
First Republic teeters on collapse as FDIC circles troubled bank
The ailing regional lender is at risk of becoming the third U.S. bank to collapse since March.
Bill would require clawback of compensation from executives of failed banks
The legislation from a bipartisan group of senators would require regulators to claw back all or part of the compensation bank executives got in the five years leading up to a bank's failure.
Fed calls SVB's failure a "textbook case of bank mismanagement"
FDIC Chairman Martin Gruenberg estimated about $20 billion would be needed to cover the collapse of Silicon Valley Bank.
Transcript: Neel Kashkari on "Face the Nation," March 26, 2023
The following is a transcript of an interview with Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, that aired on "Face the Nation" on Sunday, March 26, 2023.
Americans voice confidence in their banks, but inflation woes continue
They say government helps wealthy more than middle class amid bank issues.
White House economy official on bank failures
Bharat Ramamurti, deputy director for the National Economic Council, joins Lana Zak and Errol Barnett ahead of the Federal Reserve's decision on interest rates. He discusses the Biden administration's response to recent bank failures and stubbornly high inflation.
Specter of "too big to fail" still haunts the banking industry
Forced sale of a storied investment bank and lax U.S. financial rules are renewing concerns about the banking sector.
Investors are panicked over banks. Will the Fed make things worse?
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
Fed expected to raise interest rates again
The Federal Reserve is expected to announce another round of interest rate hikes on Wednesday. Colby Smith, U.S. economics editor for the Financial Times, joins CBS News to discuss how the Fed's potential decision is tied to the banking crisis.
Yellen: We have plan in place in case more banks fail
The treasury secretary says the plan would be set in motion if additional collapses trigger a run on banks.
First Republic Bank woes mount despite Wall Street rescue
Regional lender's stock prices plunges 47% even after a group of the nation's biggest banks injected $30 billion in deposits.
SVB and First Republic's problems aren't going away. Here's why.
About 190 banks could fail if even half of their uninsured depositors withdraw their money, a new study finds.
UBS to purchase Credit Suisse amid fallout from U.S. bank collapses
Officials announced the takeover on Sunday, after shares of Credit Suisse plummeted last week despite a $54 billion loan from the Swiss National Bank.
Transcript: "Pivot" co-hosts Kara Swisher and Scott Galloway on "Face the Nation," March 19, 2023
The following is a transcript of an interview with Kara Swisher and Scott Galloway, co-hosts of "Pivot" podcast, that aired on "Face the Nation" on Sunday, March 19, 2023.
Transcript: H.R. McMaster on "Face the Nation," March 19, 2023
The following is a transcript of an interview with H.R. McMaster,former national security adviser in the Trump White House and a CBS News contributor, that aired on "Face the Nation" on Sunday, March 19, 2023.
Transcript: Gary Cohn on "Face the Nation," March 19, 2023
The following is a transcript of an interview with Gary Cohn, the former top economic adviser in the Trump White House and now vice chairman of IBM, that aired on "Face the Nation" on Sunday, March 19, 2023.
Transcript: Rep. Patrick McHenry on "Face the Nation," March 19, 2023
The following is a transcript of an interview with Rep. Patrick McHenry, Republican of North Carolina, that aired on "Face the Nation" on Sunday, March 19, 2023.
Transcript: Sen. Elizabeth Warren on "Face the Nation," March 19, 2023
The following is a transcript of an interview with Sen. Elizabeth Warren, Democrat of Massachusetts, that aired on "Face the Nation" on Sunday, March 19, 2023.
Shares of First Republic, Credit Suisse tumble despite new capital
The banks came under renewed pressure despite emergency measures to bolster their finances.
Biden asks Congress to crack down on executives at failed banks
The president is asking Congress to expand the FDIC's authority to penalize executives of failed banks.
SVB Financial, former parent of Silicon Valley Bank, files for bankruptcy
The bankruptcy comes days after its bank was shut down and taken over by regulators amid a solvency crisis.
U.S.
Nationwide boom in AI data centers stirs resistance
To fuel their artificial intelligence initiatives, tech companies are building massive numbers of AI data centers, with more than 4,000 in operation across the country. But some communities, wary of the environmental and financial implications, are fighting back.
Fighting for health care claim approvals
Seventy-three percent of Americans say delays and denials of medical treatment by healthcare insurers are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients.
Trump says U.S. will blockade Strait of Hormuz, intercept ships that paid Iran
President Trump said the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran.
Chasing the American Dream
A growing number of young people see themselves as "forever renters" because they can't afford to buy a home, due to short supply, higher mortgage rates, and incomes that haven't kept up with rising home prices.
Remains of missing woman discovered in hidden grave decades later
Kimberly Langwell, a mom in Beaumont, Texas, had dinner plans with her teenage daughter and boyfriend on July 9, 1999 – but she never came home from work. It would take more than 20 years before one man's long-kept secret would expose her killer.
Pope Leo issues latest rebuke of Iran conflict: "Enough with war!"
Pope Leo XIV offered his strongest condemnation yet of the war in Iran on Saturday, appearing to take multiple veiled shots at President Trump.
U.S. naval destroyers have crossed the Strait of Hormuz, CENTCOM says
The destroyers were beginning mine-clearing operations in the vital waterway, U.S. Central Command said Saturday.
U.S. set to deport family of Iranian propagandist "Screaming Mary"
The State Department said on Saturday it has revoked the green cards and detained the family of the Iranian regime propagandist known as "Screaming Mary."
At age 102, a New York man is still striving for perfection, through pottery
George Strausman of Great Neck, New York, is 102 years old and still works four days a week in his family's construction business. But it's what he does on his day off that is even more remarkable.
9 highlights from Artemis II's epic journey around the moon
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
Dems call on Swalwell to drop out of gov race amid sexual assault allegations
The woman alleged the California gubernatorial candidate sexually assaulted her twice when she was too drunk to consent.
Anthropic's Mythos AI can spot flaws in almost every computer on earth. Uh-oh.
Could powerful AI models like Anthropic's Mythos give cybercriminals and other bad actors a roadmap for exploiting tech systems?
Trump proposes covering executive office building's stone facade with white paint
The building sits across a driveway from the West Wing and was completed in 1888.
Planned "Arc de Trump" would be over twice as high as Lincoln Memorial
Plans submitted by the Interior Department show the triumphal arch would be 250 feet tall, the tallest triumphal arch in the world.
Artemis II crew splashes down to end historic moon mission
NASA's Artemis II astronauts returned to Earth with a splashdown landing in the Pacific Ocean after making a high-speed reentry through the atmosphere.
U.S. faces an air traffic controller shortage. It's turning to gamers for help.
Transportation Secretary Sean Duffy pointed out that gamers "have many of the hard skills it takes to be a successful controller."
Kamala Harris says she might run for president in 2028: "I'm thinking about it"
Former Vice President Kamala Harris said that she might run for president in 2028, telling a gathering in New York that she is considering mounting a third bid for the White House.
Bessent, Fed's Powell met with bank CEOs over potent new Anthropic AI
Financial industry leaders met to discuss potential cyber risks posed by Anthropic's latest AI model, which has found weaknesses in every major computer operating system.
DOJ argues D.C. pipe bomb defendant not covered by Trump's Jan. 6 pardons
The DOJ said in a court filing that the D.C. pipe bomb defendant's case should not be dismissed and that his actions were not covered by Trump's sweeping pardons of the Jan. 6 rioters.
How an 8-year-old designed a zero-gravity indicator for Artemis II
The development of the mission mascot and viral sensation Rise began over a year before Artemis II blasted off.
Why a Strait of Hormuz "toll" would pose economic and geopolitical risks
Energy industry experts warn that allowing Iran to charge ships to ensure safe passage through the strait would raise energy costs.
Afrika Bambaataa, hip-hop pioneer, dies at 68
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
This week on "Sunday Morning": The Money Issue (April 12)
This week Jane Pauley hosts "The Money Issue," our annual special broadcast dedicated to the many ways in which money underscores the way we live.
Inflation surged in March as Iran war drove up energy costs
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
FAA investigates close call between Frontier plane and trucks at LAX
The Federal Aviation Administration launched an investigation after a Frontier plane nearly collided with two trucks on an LAX taxiway.
U.S.
More U.S.
Nationwide boom in AI data centers stirs resistance
To fuel their artificial intelligence initiatives, tech companies are building massive numbers of AI data centers, with more than 4,000 in operation across the country. But some communities, wary of the environmental and financial implications, are fighting back.
Fighting for health care claim approvals
Seventy-three percent of Americans say delays and denials of medical treatment by healthcare insurers are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients.
Trump says U.S. will blockade Strait of Hormuz, intercept ships that paid Iran
President Trump said the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran.
Chasing the American Dream
A growing number of young people see themselves as "forever renters" because they can't afford to buy a home, due to short supply, higher mortgage rates, and incomes that haven't kept up with rising home prices.
Remains of missing woman discovered in hidden grave decades later
Kimberly Langwell, a mom in Beaumont, Texas, had dinner plans with her teenage daughter and boyfriend on July 9, 1999 – but she never came home from work. It would take more than 20 years before one man's long-kept secret would expose her killer.
MoneyWatch
More MoneyWatch
Nationwide boom in AI data centers stirs resistance
To fuel their artificial intelligence initiatives, tech companies are building massive numbers of AI data centers, with more than 4,000 in operation across the country. But some communities, wary of the environmental and financial implications, are fighting back.
Fighting for health care claim approvals
Seventy-three percent of Americans say delays and denials of medical treatment by healthcare insurers are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients.
Chinese electric vehicles pull into the lead
China's long-term investments in innovation are paying off in electric vehicles. Last year, the Chinese car company BYD overtook Tesla as the world's top seller of EVs, despite the U.S. market being virtually closed to them.
Chasing the American Dream
A growing number of young people see themselves as "forever renters" because they can't afford to buy a home, due to short supply, higher mortgage rates, and incomes that haven't kept up with rising home prices.
Tesla wins Dutch approval to use self-driving features, a first for Europe
The Netherlands' decision now goes to the European Commission for full authorization.
Politics
More Politics
Transcript: Rep. Mike Turner on "Face the Nation with Margaret Brennan"
The following is the transcript of the interview with GOP Rep. Mike Turner of Ohio that aired on "Face the Nation with Margaret Brennan" on April 12, 2026.
Transcript: Sen. Mark Warner on "Face the Nation with Margaret Brennan"
The following is the transcript of an interview with Democratic Sen. Mark Warner of Virginia that aired on "Face the Nation with Margaret Brennan" on April 12, 2026.
Full transcript: IMF's Kristalina Georgieva on "Face the Nation with Margaret Brennan"
The following is the full transcript of an interview with Kristalina Georgieva, managing director of IMF, that aired on "Face the Nation with Margaret Brennan" on April 12, 2026.
Trump says U.S. will blockade Strait of Hormuz, intercept ships that paid Iran
President Trump said the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran.
CBS News poll finds few see U.S. goals being met in Iran yet
Gas prices put pressure on pocketbooks — and President Trump's ratings — as Iran war continues.
HealthWatch
More HealthWatch
Fighting for health care claim approvals
Seventy-three percent of Americans say delays and denials of medical treatment by healthcare insurers are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients.
A teen athlete's headache wouldn't stop. It took a year to find a cure.
Jack Alston was used to migraines, but after two concussions in middle school, he was stuck with a headache that wouldn't go away.
Medicaid work rules will stress states' staffing capacity
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
Exclusive
2 more drug companies to officially launch on TrumpRx
Two more drug-making giants, Abbvie and Genentech, will start selling popular medications on the White House's discounted pharmaceutical site as soon as Monday.
Social media driving teens toward steroids, extreme body transformations
Behind some of the viral physiques lies a troubling trend: the use of a powerful drug never approved for humans.
World
More World
At least 30 killed in stampede at popular historic fortress in Haiti
The incident took place at the Citadelle Henri, also known as Citadelle Laferriere, a 19th-century fortress and tourist spot in the northern town of Milot.
Transcript: Rep. Mike Turner on "Face the Nation with Margaret Brennan"
The following is the transcript of the interview with GOP Rep. Mike Turner of Ohio that aired on "Face the Nation with Margaret Brennan" on April 12, 2026.
Transcript: Sen. Mark Warner on "Face the Nation with Margaret Brennan"
The following is the transcript of an interview with Democratic Sen. Mark Warner of Virginia that aired on "Face the Nation with Margaret Brennan" on April 12, 2026.
Full transcript: IMF's Kristalina Georgieva on "Face the Nation with Margaret Brennan"
The following is the full transcript of an interview with Kristalina Georgieva, managing director of IMF, that aired on "Face the Nation with Margaret Brennan" on April 12, 2026.
Trump says U.S. will blockade Strait of Hormuz, intercept ships that paid Iran
President Trump said the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran.
Entertainment
More Entertainment
Entertainment
4/12: Sunday Morning - The Money Issue
Jane Pauley hosts our annual "Money Issue." Featured: Obstacles to home ownership; fighting health insurance denials; Chinese EVs; opposition to AI data centers; American Girl dolls; skin care mogul Scarlett Johansson; roller coasters; the popularity of bingo!; and is your phone eavesdropping on you?
American Girl: Celebrating girl power
Founded in 1986, American Girl has created dolls, books and accessories that tell the stories of young girls in every American era. On the toy's 40th anniversary, correspondent Faith Salie explores how making history come alive is also creating timeless bonds between generations that celebrate girlhood.
Scarlett Johansson on becoming a skin care mogul
The actress has played many roles in her career – and now, the Tony-winner and two-time Oscar-nominee has taken on another: launching her new line of products, called The Outset, designed for people with sensitive skin (like hers).
Extended interview: Scarlett Johansson
In this web exclusive, actress Scarlett Johansson talks about how dealing with her sensitive skin for years led to her founding a new line of skin care products, The Outset. She also discusses her life-changing roles, and the impact of artificial intelligence.
Scarlett Johansson on becoming a skin care mogul
Actress Scarlett Johansson has played many roles in her career – and now, the Tony-winner and two-time Oscar-nominee has taken on another: launching her new line of products, called The Outset, designed for people with sensitive skin (like hers). She talks with correspondent Tracy Smith about her skin struggles, and how husband Colin Jost has been a "guinea pig" for her products.
Technology
More Technology
Nationwide boom in AI data centers stirs resistance
To fuel their artificial intelligence initiatives, tech companies are building massive numbers of AI data centers, with more than 4,000 in operation across the country. But some communities, wary of the environmental and financial implications, are fighting back.
Nationwide boom in AI data centers stirs resistance
To fuel their artificial intelligence initiatives, tech companies are building massive numbers of AI data centers, with more than 4,000 in operation across the country. But some communities, wary of the environmental and financial implications of such facilities in their backyards, are fighting back. "Sunday Morning" national correspondent Robert Costa examines the drive to construct AI data centers, and the debate between opponents and AI advocates.
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.
Is your phone listening to you?
When ads pop up on your phone for products after you've happened to mention them, is it an indication that advertisers are eavesdropping on you? David Pogue checks out why highly-targeted advertising sometimes gets weirdly specific.
Is your phone listening to you?
When ads pop up on your phone for products after you've happened to mention them, is it an indication that advertisers are eavesdropping on you? Correspondent David Pogue checks out the facts about highly-targeted advertising, and why it sometimes gets weirdly specific.
Science
More Science
First major forecast for 2026 Atlantic hurricane season is released
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Creature thought to be world's oldest octopus isn't an octopus after all
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
March smashed heat records in several ways, federal data shows
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Emperor penguins listed as endangered species
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Crime
More Crime
Remains of missing woman discovered in hidden grave decades later
Kimberly Langwell, a mom in Beaumont, Texas, had dinner plans with her teenage daughter and boyfriend on July 9, 1999 – but she never came home from work. It would take more than 20 years before one man's long-kept secret would expose her killer.
Authorities seize 5 tons of cocaine from banana, wine shipments
The drugs were seized at London Gateway, a deep-sea container port about 30 miles from London.
Latest on woman missing in the Bahamas
Lynette Hooker was reported missing in the Bahamas one week ago by her husband, Brian, who said she fell off their boat. Hooker was arrested on Thursday in connection to his wife's disappearance. "CBS Saturday Morning" speaks with people who knew the couple to learn more.
Malnourished boy found locked in utility van since 2024, police say
A 9-year-old boy was rescued this week after living locked in his father's utility van in eastern France since 2024, according to the local prosecutor.
DHS investigates killing of gas station clerk
The U.S. Department of Homeland Security has been drawn into the case of a woman who was killed in a hammer attack last week at a gas station in Fort Myers, Florida, after a Haitian immigrant was taken into custody on homicide charges in connection with the attack. Nicole Valdes has the latest.
Space
More Space
Artemis II astronauts welcomed home to Houston after historic moonshot
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
9 highlights from Artemis II's epic journey around the moon
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
Artemis II crew splashes down to end historic moon mission
NASA's Artemis II astronauts returned to Earth with a splashdown landing in the Pacific Ocean after making a high-speed reentry through the atmosphere.
How an 8-year-old designed a zero-gravity indicator for Artemis II
The development of the mission mascot and viral sensation Rise began over a year before Artemis II blasted off.
As Artemis II heads back to Earth, crew stakes their lives on the heat shield
Despite problems during the unpiloted Artemis I reentry, the Artemis II crew is confident their heat shield will protect them during a fiery descent to Earth.
Latest Galleries
More Latest Galleries
Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Face the Nation: Salvanto, Turner, Georgieva
Missed the second half of the show? Rep. Mike Turner and IMF Managing Director Kristalina Georgieva join. Plus, Anthony Salvanto breaks down the latest CBS News poll.
4/12: Sunday Morning - The Money Issue
Jane Pauley hosts our annual "Money Issue." Featured: Obstacles to home ownership; fighting health insurance denials; Chinese EVs; opposition to AI data centers; American Girl dolls; skin care mogul Scarlett Johansson; roller coasters; the popularity of bingo!; and is your phone eavesdropping on you?
Artemis II astronauts reflect on mission
Artemis II astronauts Reid Wiseman, Victor Glover, Christina Koch and Jeremy Hansen reflected on their historic moon mission after a successful splashdown on Friday in the Pacific.
IMF chief on Iran, energy and tariffs
Kristalina Georgieva, the managing director of the International Monetary Fund, discusses the impacts of the Iran war on the global economy and other hot-button issues.
Rep. Mike Turner defends Trump on Iran
GOP Rep. Mike Turner of Ohio defended the president's handling of the Iran war, saying he is focused on preventing Iran from obtaining a nuclear weapon.