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.
Former sports reporter Michele Tafoya files to run for U.S. Senate in Minnesota
Michele Tafoya is seeking the open seat being vacated by retiring Democratic Sen. Tina Smith.
How parents are finding community support in delaying smartphones
As parents grapple with their children's technology use, new guidance goes beyond individual behavior to approach the digital ecosystem.
Timothy Busfield ordered released from jail pending trial in child sex abuse
A judge has ordered that actor Timothy Busfield be released from jail during a detention hearing on child sex abuse charges.
Carlos Beltrán, Andruw Jones elected to National Baseball Hall of Fame
Carlos Beltrán was a nine-time All-Star during his 20-year MLB career. Andruw Jones was a five-time All-Star and won 10 Gold Gloves.
Lululemon pulls "Get Low" leggings from website amid sheer fabric complaints
The company said its "Get Low" collection is temporarily unavailable for sale online, but remains in stock in stores while it reviews customer feedback.
Supreme Court to weigh Trump's bid to oust Lisa Cook from Fed board
President Trump moved to fire Lisa Cook from the Federal Reserve Board of Governors in August.
Danish pension fund says it's selling all its U.S. Treasuries
The chief investment officer of AkademikerPension said the decision was not directly related to the rift between the U.S. and Greenland.
Second lady Usha Vance announces she is pregnant with fourth child
Vice President JD Vance and second lady Usha Vance announced they are expecting their fourth child.
Judge bars Lindsey Halligan's continued use of U.S. attorney title
A federal judge said Lindsey Halligan's continued use of the U.S. attorney title "ignores a binding court order" that disqualified her from the position last year.
Trump's 10% credit card cap deadline is here. Will card companies comply?
President Trump called for a one-year 10% cap on credit card rates starting Jan. 20. Here's what credit card companies are doing.
A new buy now, pay later option from Affirm will help tenants cover rent
A new BNPL pilot from financial technology company Affirm will give renters the option to break up their rent into two equal payments.
Exclusive
GOP senators demand end to program they say encourages Chinese "birth tourism"
A trio of Republican senators asked the Trump administration to end a visa waiver program in far-flung U.S. territories in the Pacific that they say encourages "birth tourism."
Measles cases surge in South Carolina as U.S. risks elimination status
An infectious disease physician and former CDC official said he does not "have faith" that the U.S. is "handling measles very well."
DOJ subpoenas Walz, Frey, others in probe alleging immigration obstruction
Minnesota Gov. Tim Walz, Minneapolis Mayor Jacob Frey and others were subpoenaed in connection with a DOJ probe into an alleged conspiracy to impede federal immigration officers, three sources said.
Supreme Court seems skeptical of Hawaii gun restriction
Hawaii enacted a rule that bars people from bringing guns onto private property that is open to the public, like shops or gas stations, unless the owner gives express authorization.
Trump touts first-year accomplishments in lengthy White House briefing
President Trump spoke in the White House briefing room for nearly two hours on Tuesday, marking the first year of his second term as he prepares for a high-pressure trip to Europe.
More than 10 countries have signed on to Trump's "Board of Peace," sources say
More than 10 countries have signed on to join President Trump's "Board of Peace" for Gaza, sources familiar with the discussions told CBS News.
Rep. Julia Letlow jumps into Louisiana Senate race with Trump's backing
GOP Rep. Julia Letlow is jumping into the Louisiana Senate race after President Trump encouraged her to challenge Sen. Bill Cassidy in the state's primary.
Netflix revises its offer for Warner Bros. Discovery, making it all cash
The streaming service is sweetening its offer amid Paramount Skydance's hostile takeover bid for the Hollywood studio.
Lawmakers release final measures to fund government ahead of shutdown deadline
Congress has until Jan. 30 to fund the remaining government agencies and programs following the longest government shutdown in history in November.
Stocks slide after Trump threatens European allies with tariffs
U.S. stocks sank on Tuesday following President Trump's weekend threats to impose tariffs on some NATO trading partners.
Why you might get a "peanut butter"-style pay raise in 2026
What's a "peanut butter" raise? Here's what it means, and why this is the type of pay hike you should expect this year.
Exclusive
"Mastermind" of Minnesota's biggest fraud scheme speaks out
In an exclusive interview from her jail cell, Aimee Bock defended her conduct in Minnesota's Feeding Our Future fraud case, but admitted regrets.
Pardoned Jan. 6 rioter to face criminal trial for child molestation
Andrew Johnson is the latest in a series of pardoned Jan. 6 riot defendants to face new criminal charges.
9 major themes that defined the first year of Trump's second term
President Trump has reshaped America's approach to foreign policy, pressured political enemies, downsized the federal workforce and prioritized deportations his first year in office.
U.S.
More U.S.
Former sports reporter Michele Tafoya files to run for U.S. Senate in Minnesota
Michele Tafoya is seeking the open seat being vacated by retiring Democratic Sen. Tina Smith.
How parents are finding community support in delaying smartphones
As parents grapple with their children's technology use, new guidance goes beyond individual behavior to approach the digital ecosystem.
Timothy Busfield ordered released from jail pending trial in child sex abuse
A judge has ordered that actor Timothy Busfield be released from jail during a detention hearing on child sex abuse charges.
Carlos Beltrán, Andruw Jones elected to National Baseball Hall of Fame
Carlos Beltrán was a nine-time All-Star during his 20-year MLB career. Andruw Jones was a five-time All-Star and won 10 Gold Gloves.
Lululemon pulls "Get Low" leggings from website amid sheer fabric complaints
The company said its "Get Low" collection is temporarily unavailable for sale online, but remains in stock in stores while it reviews customer feedback.
MoneyWatch
More MoneyWatch
Lululemon pulls "Get Low" leggings from website amid sheer fabric complaints
The company said its "Get Low" collection is temporarily unavailable for sale online, but remains in stock in stores while it reviews customer feedback.
Danish pension fund says it's selling all its U.S. Treasuries
The chief investment officer of AkademikerPension said the decision was not directly related to the rift between the U.S. and Greenland.
Trump's 10% credit card cap deadline is here. Will card companies comply?
President Trump called for a one-year 10% cap on credit card rates starting Jan. 20. Here's what credit card companies are doing.
A new buy now, pay later option from Affirm will help tenants cover rent
A new BNPL pilot from financial technology company Affirm will give renters the option to break up their rent into two equal payments.
Netflix revises its offer for Warner Bros. Discovery, making it all cash
The streaming service is sweetening its offer amid Paramount Skydance's hostile takeover bid for the Hollywood studio.
Politics
More Politics
Former sports reporter Michele Tafoya files to run for U.S. Senate in Minnesota
Michele Tafoya is seeking the open seat being vacated by retiring Democratic Sen. Tina Smith.
U.S. seizes a seventh Venezuelan-linked oil tanker in Caribbean
The U.S. has seized seven Venezuelan-linked oil tankers since Dec. 10, 2025.
Concerns mount over Iranian-American journalist wrongfully detained in Iran
Lawyers for Reza Valizadeh, a U.S. citizen arrested in 2024 by Iran's Islamic Revolutionary Guard Corps, filed a petition Tuesday with the United Nations Working Group on Arbitrary Detention.
Supreme Court to weigh Trump's bid to oust Lisa Cook from Fed board
President Trump moved to fire Lisa Cook from the Federal Reserve Board of Governors in August.
Second lady Usha Vance announces she is pregnant with fourth child
Vice President JD Vance and second lady Usha Vance announced they are expecting their fourth child.
HealthWatch
More HealthWatch
Measles cases surge in South Carolina as U.S. risks elimination status
An infectious disease physician and former CDC official said he does not "have faith" that the U.S. is "handling measles very well."
Tylenol not linked to autism, new study shows
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
Woman gets her life back after rare transplant: "Prepared for the worst"
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
Study finds no link between Tylenol and autism
A new analysis of dozens of peer-reviewed medical studies found no link between the use of Tylenol during pregnancy and diagnoses of autism, ADHD or intellectual disabilities in children.
New study: Tylenol in pregnancy is not linked to autism or ADHD
"It's as definitive as we're going to get," CBS News medical contributor Dr. Céline Gounder said of the new research, which found no connection between Tylenol and autism or ADHD.
World
More World
U.S. seizes a seventh Venezuelan-linked oil tanker in Caribbean
The U.S. has seized seven Venezuelan-linked oil tankers since Dec. 10, 2025.
Commuter train in Spain hits collapsed wall, killing at least 1 person
A commuter train hit a collapsed retaining wall near Barcelona on Tuesday, killing one person and injuring at least 15 people, according to officials.
Concerns mount over Iranian-American journalist wrongfully detained in Iran
Lawyers for Reza Valizadeh, a U.S. citizen arrested in 2024 by Iran's Islamic Revolutionary Guard Corps, filed a petition Tuesday with the United Nations Working Group on Arbitrary Detention.
China "super embassy" greenlit in London despite concerns
Despite fears of Chinese spying and hacking, the British government gave the go-ahead for China to build a massive new embassy in the heart of London.
Mexico sends 37 cartel members to U.S. amid pressure from Trump administration
Mexican Security Minister Omar García Harfuch wrote in a social media post on X that the people transferred were "high impact criminals."
Entertainment
More Entertainment
Timothy Busfield ordered released from jail pending trial in child sex abuse
A judge has ordered that actor Timothy Busfield be released from jail during a detention hearing on child sex abuse charges.
"Queer Eye" star Karamo Brown on why he skipped cast interview on "CBS Mornings"
An assistant for "Queer Eye" star Karamo Brown told "CBS Mornings" he would not be joining Tuesday's interview with the cast ahead of the release of the series' 10th and final season.
Bert Kreischer talks new comedy series
Actor and comedian Bert Kreischer stars in the new comedy series "Free Bert," where he plays a fictional version of himself. He speaks to "CBS Mornings" about the series, which was inspired by his own family, and why the show almost didn't happen.
"Queer Eye" cast reflects on show
The cast of the series "Queer Eye" talks to "CBS Mornings" about a member of the show's absence, the series' legacy ahead of its 10th and final season and how it has impacted them.
Fashion designer Valentino Garavani dies at 93
Acclaimed fashion designer Valentino Garavani, known simply as Valentino, has died at age 93. Seth Doane looks back at his life and legacy.
Technology
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Technology
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Palantir develops app to help ICE: 404 Media
A new investigative report by 404 Media says ICE agents have a new high-tech way to zero in on neighborhoods to raid. The report says it's an app called Elite, powered by Palantir. Joseph Cox, an investigative journalist at 404 Media, discusses his reporting on CBS News.
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.
OpenAI to start testing ads on ChatGPT in the coming weeks
The ads will appear at the bottom of the chat window on the free and low-subscription versions of ChatGPT, OpenAI said Friday in a blog post.
Mother of Musk child sues over deepfake images
Elon Musk is facing a lawsuit from Ashley St. Clair, with whom he shares a child, over deepfakes of her undressed made by his AI chatbot Grok. CBS News legal contributor Jessica Levinson joins with analysis.
Science
More Science
Science
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Dogs can learn by eavesdropping: study
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Fossils found in cave shed light on where our species emerged
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
The history and mystery of kissing
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
Crime
More Crime
Crime
Former Uvalde CISD officer's trial nears end
A jury will soon decide the fate of former Uvalde CISD officer Adrian Gonzales, whom prosecutors allege failed in his duty to stop a gunman during a 2022 mass shooting. CBS News correspondent Omar Villafranca has the details.
Busfield released before child sex abuse trial
A New Mexico judge ordered the release of actor Timothy Busfield during a pretrial detention hearing on Tuesday. Busfield is accused of inappropriately touching two child actors, which he denies. CBS News correspondent Carter Evans has the latest.
Indiana judge shot, injured, manhunt underway
A manhunt is underway in Indiana after a county judge and his wife were shot and wounded inside their home over the weekend. Judge Steven Meyer and his wife, Kimberly, were taken to a hospital for medical treatment following the shooting and are in stable condition. CBS News correspondent Nicole Valdes reports.
New docuseries looks at "Deadpool Killer"
The new Paramount+ docuseries "Handsome Devil: Charming Killer" takes a look at the case of Wade Wilson, a convicted murderer of two women who shares a name with the comic book character Deadpool. Writer and executive producer Brian Ross joins to preview the show.
Indiana judge, wife shot in home
The manhunt is underway in Indiana after a judge and his wife were shot and wounded in their Lafayette home. CBS News' Nicole Valdes reports.
Space
More Space
Space
More on Virgin Galactic all-female space crew
Virgin Galactic is sending its first all-female crew to space. Kellie Gerardi, who is leading the crew, joins "CBS News 24/7 Mornings" to discuss the goals of the mission.
NASA's Artemis II mission clears big hurdle
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
NASA hauls Artemis II moon rocket to launch pad for February flight
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA begins Artemis II rollout to launchpad
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
NASA moon rocket ready for trip to launch pad
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
Latest Galleries
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Notable Deaths in 2025
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
Minnesota fraud "mastermind" speaks from jail
As tensions spiked over the Trump administration's immigration crackdown, CBS News' Jonah Kaplan spoke exclusively with Aimee Bock, the so-called "mastermind" of the Feeding Our Future fraud scheme in Minnesota.
Cow uses tool to scratch, surprising scientists
Dating back to the dawn of civilization, humans have been one of the only creatures on Earth that use multi-purpose tools. Now, there's a new animal in the club. "CBS Evening News" anchor Tony Dokoupil has the story.
Parents find support in delaying kids' digital use
As parents grapple with their children's technology use, new guidance goes beyond individual behavior to approach the digital ecosystem. Meg Oliver has details.
Parents on edge as massive measles outbreak grows
It's been one year since a measles outbreak in West Texas killed two children and made hundreds of other people sick. While that outbreak is over, another in South Carolina is getting worse. Skyler Henry reports.
Trump's Greenland push raises global tensions
President Trump marked the first year of his return to power by posting private text messages between him and other world leaders, mocking critics of his plan to take control of Greenland, and then heading overseas to negotiate with those critics face-to-face. Ed O'Keefe has more.