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.
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.
White House staff received email warning not to place bets on prediction markets
White House aides got an email last month telling them not to place bets on prediction markets with nonpublic information, multiple administration officials told CBS News.
Judge says Pentagon must restore press access
A federal judge blocked a restrictive new Defense Dept. press policy instituted after previously he ruled Pentagon press restrictions issued last year were unlawful.
As Artemis II heads back to Earth, crew is staking 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 on Friday.
Exclusive
See messages Brian Hooker sent his friend after wife's disappearance
Brian Hooker exchanged Facebook messages with a friend, which CBS News exclusively reviewed, after his wife vanished in the Bahamas over the weekend.
Inside Pam Bondi's aggressive push to crack down on animal cruelty crimes
A politically connected nonprofit animal shelter helped steer Bondi on DOJ's approach on animal cruelty crimes and their prosecution.
Property taxes are surging. See what homeowners pay by state and county.
The average U.S. property tax bill rose 3.7% last year to $4,427, outpacing inflation even as the typical home lost value.
U.S. to lead ceasefire talks between Lebanon and Israel in D.C.
The U.S. is convening hastily arranged diplomatic talks next week in Washington, D.C., aimed at crafting a ceasefire in Lebanon.
First lady Melania Trump slams "baseless lies" tying her to Jeffrey Epstein
First lady Melania Trump delivered a televised statement denying a relationship with the late sex offender Jeffrey Epstein.
Taxpayers will help fund Independence Arch, or so-called "Arc de Trump"
The president says the arch will commemorate the nation's 250th anniversary.
First on CBS
California officials make arrests in LA hospice fraud crackdown
California's attorney general filed charges against 21 suspects, accusing the group of defrauding the state of $267 million. Arrests come after a CBS News investigation into hospice fraud.
DOJ probing NFL over games on paid platforms, sources say
The NFL is being investigated for practices that allegedly harm consumers for licensing games to multiple platforms — paid streaming platforms, paid cable networks, and others, sources said.
USPS halts contributions to pension plan after warning of "cash crisis"
The U.S. Postal Service, which lost $9 billion in 2025, recently warned that it could run out of money within 12 months.
Acting AG Todd Blanche gives go-ahead to pursue death penalty in MS-13 murder case
Blanche said the top federal prosecutor in California can seek the death penalty for three alleged MS-13 members charged with killing a victim who was cooperating with authorities, according to a memo.
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.
Exclusive
Army survivors of deadly attack in Kuwait dispute Pentagon's account
Survivors of an Iranian attack that killed six U.S. service members have disputed the Pentagon's description of events and said their unit in Kuwait was left dangerously exposed.
CPI report may show inflation hitting 2024 levels amid soaring gas prices
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
U.S.
More U.S.
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.
MoneyWatch
More MoneyWatch
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.
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.
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.
Strait of Hormuz still seeing significantly lower traffic despite ceasefire
Few ships passed through the waterway Wednesday and Thursday despite a ceasefire agreement that was supposed to open the waterway key to transiting oil across the globe.
Property taxes are surging. See what homeowners pay by state and county.
The average U.S. property tax bill rose 3.7% last year to $4,427, outpacing inflation even as the typical home lost value.
Politics
More Politics
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.
White House staff received email warning not to place bets on prediction markets
White House aides got an email last month telling them not to place bets on prediction markets with nonpublic information, multiple administration officials told CBS News.
Judge says Pentagon must restore press access
A federal judge blocked a restrictive new Defense Dept. press policy instituted after previously he ruled Pentagon press restrictions issued last year were unlawful.
HealthWatch
More HealthWatch
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.
Scientist with rare ALS genetic mutation looks to experimental treatment
Every few months for the past three years, Jeff Vierstra has been receiving infusions in his spine that target and disable a mutated gene that made it likely he would develop ALS.
New ALS treatment brings hope to patients
"CBS Saturday Morning" looks at an experimental treatment for amyotrophic lateral sclerosis, or Lou Gehrig's disease, that is bringing hope to some patients suffering from the neurodegenerative disease. To inquire about possible participation in Silence ALS, an initiative to develop individualized gene-based therapies for patients with other rare genetic forms of ALS, please write to silenceals@cumc.columbia.edu.
World
More World
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.
Abusive husband gets 8 years in prison for wife's death by suicide
Lee Milne, 40, was sentenced to eight years in prison following his conviction in Glasgow's High Court for culpable homicide and engaging in abusive behavior.
Bodies of at least 11 people found in hidden graves in western Mexico
The discovery of the grave site adds to dozens of similar cases in Jalisco, the state hardest hit by Mexico's missing persons crisis.
Live
Live Updates: U.S., Iran prepare for talks as shaky ceasefire holds
The U.S. and Iran are getting ready for talks Saturday in Islamabad, Pakistan, as their tenuous ceasefire held despite key sticking points.
Strait of Hormuz still seeing significantly lower traffic despite ceasefire
Few ships passed through the waterway Wednesday and Thursday despite a ceasefire agreement that was supposed to open the waterway key to transiting oil across the globe.
Entertainment
More Entertainment
Entertainment
Dan Levy on new crime-comedy series
Dan Levy talks to "CBS Mornings" about the comedy series "Big Mistakes," which is about organized crime. Levy explains how he used his own life to help shape his character's relationships and reflects on the beloved series "Schitt's Creek."
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.
BTS kicks off comeback world tour
K-pop supergroup BTS hit the stage on Thursday, kicking off their comeback world tour after a four-year hiatus. Nicole Fell, assistant editor at The Hollywood Reporter, joins "The Daily Report" to discuss.
How realistic is "Project Hail Mary"?
Ryan Gosling's new movie, "Project Hail Mary," is raising questions about the future of the Sun. CBS News contributor Janna Levin joins with more details.
"Survivor 50" castaway talks elimination
(Spoilers ahead) The latest castaway voted off "Survivor 50: In the Hands of the Fans" joins "CBS Mornings" to discuss being eliminated from the game, this season's challenges and being the first member of the jury.
Technology
More Technology
Technology
How to stay ahead of AI in your career
A recent CBS News poll found 66% of Americans believe AI will decrease jobs. LinkedIn CEO Ryan Roslansky and chief economic opportunity officer Aneesh Raman share insights on the skills that professionals need to stay ahead of AI at work.
Behind Anthropic's alarming AI model
Anthropic announced its new AI model is too powerful for public release. Puck's Ian Krietzberg joins CBS News with more.
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.
Analysis finds AI will reshape 50-55% of jobs
Researchers at Boston Consulting Group estimate that AI will "reshape" between 50-55% of U.S. jobs over the next three years. They note that while AI integration will likely change the nature of the work, it doesn't necessarily mean job losses in every case. CBS News MoneyWatch reporter Megan Cerullo has more.
Anthropic claims new AI too powerful to release
Anthropic says its newest AI model, Claude Mythos, is too powerful and dangerous to be released to the public. Tech journalist Jacob Ward joins CBS News to discuss.
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
Abusive husband gets 8 years in prison for wife's death by suicide
Lee Milne, 40, was sentenced to eight years in prison following his conviction in Glasgow's High Court for culpable homicide and engaging in abusive behavior.
DOJ probing NFL over fees, sources say
Sources tell CBS News that the Justice Department is investigating the NFL over subscription fees concerns. Jake Rosen reports.
Breaking down Melania Trump's Epstein remarks
First lady Melania Trump held remarks on Thursday denying any link to convicted sex offender Jeffrey Epstein. CBS News' Caitlin Huey-Burns reports.
Police arrest 21 suspects in hospice fraud case
Police file charges against 21 suspects in what's described as a $267 million fraud case with zero legitimate patients. Adam Yamaguchi reports.
A man stole a handbag outside a London pub. Inside was a Faberge egg and watch.
A man who stole a handbag containing a Faberge egg and watch worth at least $2.8 million from a London pub was jailed for more than two years.
Space
More Space
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 is staking 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 on Friday.
NASA drops Artemis II moon mission playlist with astronauts' wake-up songs
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
NASA gears up for Artemis II crew's return to Earth
With Artemis II astronauts closing out on-board tests, flight controllers are prepping for reentry and splashdown Friday.
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.
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
Dan Levy on new crime-comedy series
Dan Levy talks to "CBS Mornings" about the comedy series "Big Mistakes," which is about organized crime. Levy explains how he used his own life to help shape his character's relationships and reflects on the beloved series "Schitt's Creek."
Harris, Buttigieg to speak at convention
Former Vice President Kamala Harris and former Transportation Secretary Pete Buttigieg are set to speak at the National Action Network Convention in New York City. CBS News' Fin Gómez has more.
Vance heads to Pakistan for Iran talks
Vice President JD Vance is headed to Islamabad, Pakistan, for talks with Iranian officials aimed at ending the war. This comes as President Trump continues to blast Tehran over access to the Strait of Hormuz. CBS News' Olivia Rinaldi and Imtiaz Tyab report.
Why inflation surged in March
The Consumer Price Index in March rose 3.3% compared to a year ago, the highest in nearly two years. CBS News' Kelly O'Grady explains what's causing the surge in inflation.
What to know about Artemis II's reentry
The Artemis II crew is preparing to splash down off the coast of San Diego after their historic moon mission. CBS News' Mark Strassmann has more on the splashdown, and former astronaut Dr. Jay Buckey joins to discuss what happens during reentry into the Earth's atmosphere and his previous experience.