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.
ChatGPT now has a space for sharing medical records. Should you?
OpenAI announced a dedicated space in ChatGPT for sharing medical records, Health in ChatGPT. Health and AI experts lay out the pros and cons.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Trump orders signs placed outside Smithsonian warning of "inaccurate" information
President Trump ordered federal officials to install signs outside the National Museum of American History that correct what he says is "inaccurate" information presented by the institution about American history.
Canada's Doug Ford on why country needs to "fight back" against Trump trade war
"We didn't start this war," Ontario Premier Doug Ford told CBS News on "The Takeout."
Tony Romo arrested in Wisconsin on suspicion of driving while intoxicated
The Milwaukee County Sheriff's Office said Romo was pulled over around 6 p.m. on Thursday.
Trump says U.S. to investigate EU trade practices over tech company fines
President Trump accused the European Union of "robbing" American companies and taxpayers.
South Carolina on cusp of being first 2028 Democratic presidential primary state
The DNC Rules and Bylaws Committee voted Friday to recommend that South Carolina should hold the nation's first 2028 presidential nominating contest.
Here is how cyclospora outbreak is affecting businesses
Visits to fast casual restaurants with lettuce-heavy menus are seeing declining foot traffic in the wake of the cyclosporiasis outbreak.
Moms speak out, alleging their sons were switched at birth decades ago
The mothers of two men who accuse a North Dakota hospital of switching them at birth are speaking out after the discovery.
Trump cracks jokes at first White House Correspondents' Dinner
President Trump cracked jokes at the redo of the White House Correspondents' Dinner on Friday night, after an armed assailant upended April's dinner.
"The child is terrified": Doctors on front lines of measles comeback speak out
Confirmed measles cases in the U.S. just hit a 35-year high, and it's only July.
Ex-cop wanted for murder extradited from China after 21 years on the run
The case of former officer Daniel Hiers Jr. was featured on "America's Most Wanted."
Pentagon website "anomalies" that removed names of 4 killed in Iran war remain
The Pentagon website, which was last updated on July 22, still showed only 14 killed in the conflict as of Friday.
Ford recalls more than half a million Bronco vehicles over engine fire risk
A short circuit in the engine compartment can potentially cause a fire. Here's the fix.
LeBron James heading to Philly in deal with 76ers
The Sixers' wild offseason continued Friday when they added four-time NBA champion LeBron James.
Exclusive
Sen. Peters wants to know why ICE bought spyware that can take control of phones
U.S. Immigration and Customs Enforcement has purchased commercial spyware that can covertly take control of phones, collect messages, photos and location information.
Cyclospora outbreak linked to iceberg lettuce expands to 4 more states
The cyclosporiasis outbreak, the nation's largest, is currently affecting nine states.
U.S. targets California-born leader of notorious Jalisco cartel
Juan Carlos Gonzalez, also known as "Pelon," is the stepson of "El Mencho" — real name Nemesio Oseguera — who was injured and later died in a military sweep.
The Federal Reserve meets next week. Could it raise interest rates?
The central bank is widely expected to stand pat on Wednesday, but persistent inflation concerns are reshaping expectations for the rest of 2026.
Tree of Life rabbi Jeffrey Myers bids farewell 8 years after deadliest antisemitic attack in U.S. history
Rabbi Jeffrey Myers is retiring from Tree of Life Congregation in Pittsburgh, which he led through the aftermath of the deadliest antisemitic attack in U.S. history.
All 11 on seaplane that crashed, caught fire north of Seattle survive
A seaplane crashed and caught fire a short time later in the Puget Sound area north of Seattle. All 11 people on board survived, authorities said.
Texas appeals court reverses injunction that closed midwife's clinics
Texas Attorney General Ken Paxton accused Maria Rojas of performing illegal abortions and practicing medicine without a license last year.
Remembering cameraman Derek Williams, "the mate you would want in any war zone"
Derek Williams died Wednesday, according to his family. He had been living with Parkinson's disease and was recently diagnosed with cancer.
This week on "Sunday Morning" (July 26)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
25 states sue FEMA and DHS, accuse Trump admin. of withholding funding
The lawsuit claims the Trump administration is withholding hundreds of millions of dollars in disaster-preparedness and homeland security grants to pressure states to change policies on elections and immigration.
U.S.
More U.S.
ChatGPT now has a space for sharing medical records. Should you?
OpenAI announced a dedicated space in ChatGPT for sharing medical records, Health in ChatGPT. Health and AI experts lay out the pros and cons.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Trump orders signs placed outside Smithsonian warning of "inaccurate" information
President Trump ordered federal officials to install signs outside the National Museum of American History that correct what he says is "inaccurate" information presented by the institution about American history.
Canada's Doug Ford on why country needs to "fight back" against Trump trade war
"We didn't start this war," Ontario Premier Doug Ford told CBS News on "The Takeout."
Tony Romo arrested in Wisconsin on suspicion of driving while intoxicated
The Milwaukee County Sheriff's Office said Romo was pulled over around 6 p.m. on Thursday.
MoneyWatch
More MoneyWatch
Paramount to delay Warner Bros. merger until as late as June 2027
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
Trump says U.S. to investigate EU trade practices over tech company fines
President Trump accused the European Union of "robbing" American companies and taxpayers.
Here is how cyclospora outbreak is affecting businesses
Visits to fast casual restaurants with lettuce-heavy menus are seeing declining foot traffic in the wake of the cyclosporiasis outbreak.
Ford recalls more than half a million Bronco vehicles over engine fire risk
A short circuit in the engine compartment can potentially cause a fire. Here's the fix.
Here are the new tariff rates on dozens of countries targeted by Trump
President Trump announced new tariffs of up to 12.5% to replace expiring Section 122 levies. Here are the rates for each country.
Politics
More Politics
Maine Democrats meet to select Senate nominee to replace Graham Platner
Maine Democrats are gathering Saturday to select a Senate nominee to replace Graham Platner on the ballot, with former state Senate President Troy Jackson poised to secure the nomination.
Substance in work van of man killed by ICE tested negative for drugs, prosecutor says
A substance found in the work van of a Mexican immigrant killed by an Immigration and Customs Enforcement agent has tested negative for illicit drugs, the top prosecutor in Houston said Friday.
Trump orders signs placed outside Smithsonian warning of "inaccurate" information
President Trump ordered federal officials to install signs outside the National Museum of American History that correct what he says is "inaccurate" information presented by the institution about American history.
Trump flew from Turkey on older plane after credible threat from Iran and proxies
President Trump departed the NATO summit in Turkey on an old Air Force One jet following a credible threat from Iran and allied proxy groups, U.S. officials told CBS News.
Canada's Doug Ford on why country needs to "fight back" against Trump trade war
"We didn't start this war," Ontario Premier Doug Ford told CBS News on "The Takeout."
HealthWatch
More HealthWatch
Grandfather with pancreatic cancer beats the odds with clinical trial
Hernando Salcedo was diagnosed with Stage III pancreatic cancer after mild symptoms. Chemotherapy made him feel worse than before his diagnosis.
ChatGPT now has a space for sharing medical records. Should you?
OpenAI announced a dedicated space in ChatGPT for sharing medical records, Health in ChatGPT. Health and AI experts lay out the pros and cons.
Here is how cyclospora outbreak is affecting businesses
Visits to fast casual restaurants with lettuce-heavy menus are seeing declining foot traffic in the wake of the cyclosporiasis outbreak.
"The child is terrified": Doctors on front lines of measles comeback speak out
Confirmed measles cases in the U.S. just hit a 35-year high, and it's only July.
Cyclospora outbreak linked to iceberg lettuce expands to 4 more states
The cyclosporiasis outbreak, the nation's largest, is currently affecting nine states.
World
More World
Wildfires in France and Spain force 200,000 to flee
The fires in Spain and France advanced quickly because of tinderbox conditions worsened by successive heatwaves.
India education minister resigns after weeks of "Cockroach" protests
Movement organizers said the government had accepted their remaining demands and called off future protests.
Trump flew from Turkey on older plane after credible threat from Iran and proxies
President Trump departed the NATO summit in Turkey on an old Air Force One jet following a credible threat from Iran and allied proxy groups, U.S. officials told CBS News.
Canada's Doug Ford on why country needs to "fight back" against Trump trade war
"We didn't start this war," Ontario Premier Doug Ford told CBS News on "The Takeout."
Costa Rica captures top fugitive "Diablo," wanted by U.S.
Alejandro Arias-Monge, 41, had a $500,000 U.S. bounty on his head for alleged drug trafficking.
Entertainment
More Entertainment
Paramount to delay Warner Bros. merger until as late as June 2027
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
Tilly Norwood's creator insists the AI actor is creating Hollywood jobs
The robot actor is generating work for Hollywood creatives, not stealing jobs from actors, her inventor tells CBS News.
From the archives: Legendary late-night producer Peter Lassally
Peter Lassally, the fabled TV executive for such late-night hosts as Johnny Carson and David Letterman, and a mentor for many rising comedians, died July 19, 2026 at age 93. In this March 11, 2018 "Sunday Morning" profile, correspondent Mo Rocca talked with Lassally (affectionately dubbed "The Host Whisperer") about working with the kings of late-night. Lassally also talks about his childhood, part of which was spent in Nazi concentration camps, and also about whether he has had joy in his life.
Aisha Tyler on "Criminal Minds" journey
"Criminal Minds" star Aisha Tyler was only supposed to be in six episodes of the show, but her journey on the series has now spanned over a decade. She tells "CBS Mornings" how her role has impacted her in real life and what it was like to work with guest star Connor Storrie from "Heated Rivalry."
James Norton talks "House of the Dragon"
Actor James Norton describes what it is like to play a villain in "House of the Dragon," which is a prequel to "Game of Thrones" and reveals which scene made him nearly faint during shooting.
Technology
More Technology
ChatGPT now has a space for sharing medical records. Should you?
OpenAI announced a dedicated space in ChatGPT for sharing medical records, Health in ChatGPT. Health and AI experts lay out the pros and cons.
Lawmakers weigh AI "kill switch"
Days after OpenAI revealed one of its models went rogue and hacked into another company's servers, House lawmakers are considering a bill that would allow the federal government to effectively shut down models that may put the public at risk. Jo Ling Kent explains.
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.
How to save on your next laptop amid AI boom
As the back-to-school shopping season begins, you can expect to pay more for certain items, like laptops, due to shortages stemming from artificial intelligence. Brian Westover, principal hardware writer for PCMag, joins CBS News to discuss how you can save money.
Study: ChatGPT solved complex cybersecurity task
New research from a cybersecurity company now indicates that artificial intelligence models are getting better at solving multi-part problems. Gabriel Bernadett-Shapiro, who worked on the project and is a distinguished AI research scientist at SentinelOne, joins to unpack his team's research.
Science
More Science
Science
Wildfire smoke continues to shroud U.S.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
How AI data centers impact the environment
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomer's name deciphered from ancient Mayan ruins for first time
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Crime
More Crime
Crime
WHCA scholarship recipients relive shooting
Kaitlin Bender-Thomas and Madison Maynard, two White House Correspondents' Association scholarship recipients, join "The Daily Report" to reflect on April's terrifying shooting ahead of the rescheduled dinner.
High security for correspondents' dinner
The White House Correspondents' Dinner will have a redo in Washington, D.C., on Friday night, after the original event was interrupted in April when a gunman stormed in. It'll be a scaled-down event with scaled-up security. Nicole Sganga reports.
Georgia school shooting suspect pleads guilty
Nearly two years after a school shooting at Georgia's Apalachee High School, a 16-year-old pleaded guilty to killing two fellow students, two teachers and wounding nine other people in Georgia. Jericka Duncan reports.
Judge to decide on D4vid's murder trial
A judge is set to decide whether to move forward with a jury trial of singer D4vid in the case of 14-year-old Celeste Rivas Hernandez's murder after the doctor who performed her autopsy delivered a disturbing testimony in a preliminary hearing. Adam Yamaguchi has more.
Upper West Side double stabbing suspect facing hate crime charges
The suspect in Thursday's double stabbing on New York City's Upper West Side has been charged with attempted murder as a hate crime, among other things.
Space
More Space
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Latest Galleries
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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.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Trump speaks at correspondents' dinner
President Trump attended and spoke at the rescheduled White House Correspondents' Dinner on Friday night at the Waldorf Astoria in Washington, D.C. The April correspondents' dinner was disrupted by an active shooter.
How a man's daily routine saved his life
At the Shrimp Basket restaurant in Pensacola, Florida, a customer consistently ordered a cup of gumbo for lunch and for dinner for 10 years. When he didn't show up one week, the chef went to his house to check on him. Steve Hartman goes "On the Road" with the story, months later.
SpaceX launches 13th test of Starship rocket
SpaceX on Friday launched the 13th flight test of its Starship V3 rocket. CBS News space consultant Bill Harwood has the latest.
WHCA scholarship recipients relive shooting
Kaitlin Bender-Thomas and Madison Maynard, two White House Correspondents' Association scholarship recipients, join "The Daily Report" to reflect on April's terrifying shooting ahead of the rescheduled dinner.
How Jordan became a target in the Iran war
Since the Iran war began in February, Jordan has largely avoided the kind of onslaught Tehran has aimed at places like Kuwait, Bahrain and the United Arab Emirates. With recent attacks, and one that killed three U.S. soldiers, that's changed. CBS News senior national security correspondent Charlie D'Agata examines why.