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.
Barry Manilow cancels more concerts amid recovery after cancer surgery
Barry Manilow announced Friday he needs to reschedule several more concerts as he continues to recover following surgery after he was diagnosed with lung cancer.
"Jersey Shore" star Nicole "Snooki" Polizzi reveals she has cervical cancer
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
Car-ramming at power substation near Las Vegas investigated as possible terrorism
The driver of the vehicle, a 23-year-old man from Albany, New York, had been reported missing and died of a self-inflicted gunshot wound, police said.
Nancy Guthrie investigators turn to genetic genealogy. It's worked in big cases before.
Investigators in the Nancy Guthrie case have turned to genetic genealogy as they try to make the most of potential DNA evidence.
Olympic gold medalist Alysa Liu's advice for aspiring figure skaters
Alysa Liu stunned the skating world by retiring at age 16. Two years later, she returned to the ice, and now she's won gold at the Winter Olympics.
Book excerpt: "We the Women" by Norah O'Donnell
In her new book, the CBS News journalist highlights women who pushed America to live up to its founding promises of liberty, equality, and the pursuit of happiness for all.
Will Americans get refunds after Trump's tariffs were overturned by the Supreme Court?
While the Supreme Court struck down the Trump administration's emergency tariffs, experts said it could take years for businesses to get refunds.
Trump lashes out at his own Supreme Court picks over tariff ruling
President Trump said he was "ashamed of certain members of the court" after the Supreme Court struck down most of his tariffs.
American Alex Ferreira wins his first Olympic gold in freeski halfpipe
Alex Ferreira's first gold medal came after he took silver in Pyeongchang in 2018, and the bronze four years ago in Beijing.
Fried rice sold at Trader Joe's recalled over possible glass contamination
The recall involves 3.4 million pounds of frozen chicken fried rice products shipped to Trader Joe's locations nationwide and to retailers in Canada.
Trump admin. unveils plans to restrict work permits for asylum-seekers
The Trump administration on Friday formally proposed a regulation that would dramatically restrict work permits for asylum-seekers.
Trump says 32,000 people were killed in Iran's crackdown on protesters
President Trump did not offer a source for the new death toll, which is far higher than what has been previously reported.
No charges for Labor secretary's husband after being banned from building
Labor Secretary Lori Chavez-DeRemer's husband was banned from the Labor Department building after agency employees alleged he had touched them inappropriately, sources said.
Why the Supreme Court struck down Trump's most sweeping tariffs
The Supreme Court divided 6-3 in finding that a federal law known as IEEPA does not authorize the president to impose tariffs.
The latest GDP data isn't as bad as it looks. Here's what to know.
A simple reason explains why U.S. economic growth seemed to hit a wall in the final three months of the year.
Trump attacks Supreme Court over tariff ruling, announces new 10% global tariff
President Trump lashed out at the Supreme Court over its tariff decision, saying he was "absolutely ashamed" of the justices who ruled against him.
This week on "Sunday Morning" (Feb. 22)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
Kelly Pannek on U.S. women's hockey team's "incredible ride" to Olympic gold
U.S. women's hockey veteran Kelly Pannek reflects on the team's stunning overtime win against Canada to claim Olympic gold.
Walmart and other big companies say tariffs are forcing them to hike prices
Large U.S. retailers say the Trump administration tariffs are forcing them to hike customer prices to offset higher costs.
DOJ files complaint against OhioHealth over patient access to affordable healthcare
The Justice Department's civil antitrust enforcement action against OhioHealth comes a week after DOJ's antitrust chief, Gail Slater, was fired from her post.
Officials probe possible criminal negligence after avalanche near Lake Tahoe
One skier remains missing and is presumed dead after an avalanche buried a group of skiers near Lake Tahoe on Tuesday.
First on CBS
Amex laments Epstein ties as files reveal hundreds of travel bookings
American Express tells CBS News it regrets having had Jeffrey Epstein as a client, as files reveal he used the company to book travel for multiple women or girls.
Supreme Court ruling against Trump tariffs will offer relief, businesses say
Businesses could be owed nearly $150 billion in refunds after the Supreme Court struck down tariffs imposed under the International Emergency Economic Powers Act.
Supreme Court strikes down most of Trump's tariffs in major defeat
The Supreme Court on Friday ruled President Trump does not have the authority to unilaterally impose sweeping tariffs under a federal emergency powers law.
How the seat position in a murdered teen's car linked to her killer
Sade Robinson, 19, disappeared after a first date. Milwaukee investigators say clues in her car pointed to her assailant.
U.S.
More U.S.
Barry Manilow cancels more concerts amid recovery after cancer surgery
Barry Manilow announced Friday he needs to reschedule several more concerts as he continues to recover following surgery after he was diagnosed with lung cancer.
"Jersey Shore" star Nicole "Snooki" Polizzi reveals she has cervical cancer
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
Car-ramming at power substation near Las Vegas investigated as possible terrorism
The driver of the vehicle, a 23-year-old man from Albany, New York, had been reported missing and died of a self-inflicted gunshot wound, police said.
Nancy Guthrie investigators turn to genetic genealogy. It's worked in big cases before.
Investigators in the Nancy Guthrie case have turned to genetic genealogy as they try to make the most of potential DNA evidence.
Olympic gold medalist Alysa Liu's advice for aspiring figure skaters
Alysa Liu stunned the skating world by retiring at age 16. Two years later, she returned to the ice, and now she's won gold at the Winter Olympics.
MoneyWatch
More MoneyWatch
Trump imposes 10% tariffs on all countries after SCOTUS struck down earlier tariffs
President Trump signed an order that will impose 10% tariffs on imports from all countries, just hours after the Supreme Court struck down a different set of sweeping global tariffs.
Will Americans get refunds after Trump's tariffs were overturned by the Supreme Court?
While the Supreme Court struck down the Trump administration's emergency tariffs, experts said it could take years for businesses to get refunds.
Fried rice sold at Trader Joe's recalled over possible glass contamination
The recall involves 3.4 million pounds of frozen chicken fried rice products shipped to Trader Joe's locations nationwide and to retailers in Canada.
The latest GDP data isn't as bad as it looks. Here's what to know.
A simple reason explains why U.S. economic growth seemed to hit a wall in the final three months of the year.
Walmart and other big companies say tariffs are forcing them to hike prices
Large U.S. retailers say the Trump administration tariffs are forcing them to hike customer prices to offset higher costs.
Politics
More Politics
Trump imposes 10% tariffs on all countries after SCOTUS struck down earlier tariffs
President Trump signed an order that will impose 10% tariffs on imports from all countries, just hours after the Supreme Court struck down a different set of sweeping global tariffs.
Who's weighing in as Trump considers military strikes on Iran?
President Trump says he's considering limited strikes against Iran as negotiations over its nuclear program are underway. Here are some of the figures talking with him about the decision.
Will Americans get refunds after Trump's tariffs were overturned by the Supreme Court?
While the Supreme Court struck down the Trump administration's emergency tariffs, experts said it could take years for businesses to get refunds.
Trump lashes out at his own Supreme Court picks over tariff ruling
President Trump said he was "ashamed of certain members of the court" after the Supreme Court struck down most of his tariffs.
Exclusive
Attorney claims Tony Gonzales coerced former aide into relationship
The staffer died by suicide in September after setting herself on fire.
HealthWatch
More HealthWatch
Federal tax dollars subsidize health care plans in ways you may not realize
Critics have questioned why the federal government should underwrite coverage costs for people with ACA health plans — but almost all health insurance in the U.S. comes with some federal help.
NIH's Jay Bhattacharya will also serve as acting CDC director
The Centers for Disease Control and Prevention hasn't had a Senate confirmed director since last summer, and that official was in the job for less than a month.
Moderna says FDA to review its flu vaccine after reversing course
With the reversal from the FDA, Moderna said it is aiming to make the vaccine available for the 2026-27 flu season.
FDA investigating Salmonella outbreak connected to moringa powder
Rosabella-brand moringa capsules could be linked to Salmonella cases in seven U.S. states, health officials said.
Measles cases at university in Florida soar to nearly 60
Twenty one states in the U.S. have confirmed cases of measles.
World
More World
Top-ranked Canadian women upset by Sweden in curling semifinals
Sweden, which has won the women's curling competition three times since curling returned to the Olympic program in 1998, beat Canada 6-3.
U.S. men's hockey team crushes Slovakia, will face Canada in gold medal game
The U.S. men's hockey team will face Canada on Sunday for the gold medal. The U.S. men have not won gold in the Olympics since the "Miracle on Ice" team in 1980.
Olympic gold medalist Alysa Liu's advice for aspiring figure skaters
Alysa Liu stunned the skating world by retiring at age 16. Two years later, she returned to the ice, and now she's won gold at the Winter Olympics.
Who's weighing in as Trump considers military strikes on Iran?
President Trump says he's considering limited strikes against Iran as negotiations over its nuclear program are underway. Here are some of the figures talking with him about the decision.
How advanced is Iran's nuclear program? Here's what we know.
President Trump is pressuring Iran to either curtail its nuclear program or face military strikes, after Iran amassed a large stockpile of highly enriched uranium. Here's what to know.
Entertainment
More Entertainment
Barry Manilow cancels more concerts amid recovery after cancer surgery
Barry Manilow announced Friday he needs to reschedule several more concerts as he continues to recover following surgery after he was diagnosed with lung cancer.
"Jersey Shore" star Nicole "Snooki" Polizzi reveals she has cervical cancer
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
Mike White reflects on playing "Survivor"
"Survivor" returns next week for its 50th season and features fan favorite contestants, including "The White Lotus" creator Mike White. He reflects on his time on the reality competition show, saying, "everybody in my business wants the Oscar. It's like you losers like I wanna win Survivor."
"America's Next Top Model" winner describes "horrifying" docuseries allegations
"America's Next Top Model" winner Eva Marcille tells "CBS Mornings" that she "was gobsmacked" after watching behind-the-scenes moments from the reality competition show.
Hilary Duff on her return to music
Millennial icon Hilary Duff is out with new music for the first time in more than a decade. She spoke to Anthony Mason about her return to performing, the decision to open up about relationships in her music and life as a mother of four.
Technology
More Technology
Technology
Social psychologist on social media addiction
One of the catalysts for the social media addiction debate was a 2024 book called "The Anxious Generation" by social psychologist Jonathan Haidt. His new book tries to help parents and kids break free from screens. Haidt joins CBS News to discuss Mark Zuckerberg, the ongoing social media addiction trial and artificial intelligence.
Judge scolds Mark Zuckerberg's team for wearing Meta glasses to trial
A Los Angeles judge ordered Meta officials to remove their AI glasses at a trial over the impact of social media on users.
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.
Mark Zuckerberg grilled in court
Meta CEO Mark Zuckerberg took the stand at the social media addiction trial examining whether children and teens were given access to an addictive and harmful product. CBS News' Carter Evans reports.
Zuckerberg testifies at social media trial
Meta CEO Mark Zuckerberg testified Wednesday in a civil case over social media addiction allegations that skyrocketing social media use shows how people value the sites and it's not a strategy to keep users addicted. Jo Ling Kent reports.
Science
More Science
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
These United States: George Washington and climate change
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
Impact of climate change on Winter Olympics
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Crime
More Crime
Crime
New Mexico AG reopens Epstein ranch probe
New Mexico's attorney general has reopened an investigation into activities at a ranch once owned by convicted sex offender Jeffrey Epstein. CBS News correspondent Ian Lee has more.
Possible act of terrorism outside Las Vegas
The FBI investigated a possible act of terrorism outside of Las Vegas on Friday. This came after a driver armed with guns and explosives attempted to ram his car into a power facility not far from the Hoover Dam. CBS News correspondent Carter Evans has more.
Nancy Guthrie investigators turn to genetic genealogy. It's worked in big cases before.
Investigators in the Nancy Guthrie case have turned to genetic genealogy as they try to make the most of potential DNA evidence.
Police: Nancy Guthrie case hasn't gone cold
Investigators are combing through evidence and turning to commercial genealogy companies for DNA leads in the search for Nancy Guthrie, who was reported missing on Feb. 1. CBS News' Andres Gutierrez has the latest.
Woman went on first date, never returns home
19-year-old college student Sade Robinson went on a first date in 2024 and never returned home. 48 Hours correspondent Anne-Marie Green previews "Sade Robinson and The Secret Beach."
Space
More Space
Space
Cosmologist on UFO files
President Trump has ordered the release of all government documents related to aliens, UFOs and extraterrestrial life. It comes after former President Barack Obama addressed the topic earlier this week and said aliens are real, a statement which he later modified. CBS News contributor Janna Levin has more details.
NASA targets March 6 for Artemis II moonshot
A successful fueling test prompts NASA to press ahead toward a March 6 moonshot.
New NASA boss criticizes agency over Starliner
NASA's new boss blasted both Boeing and his own space agency for the botched Starliner flight that left two astronauts stuck in space for months.
NASA's new chief rebukes Boeing, space agency over problem-plagued Starliner mission
Astronauts Barry "Butch" Wilmore and Sunita Williams were expecting to spend eight to 10 days in space. They ended up remaining in orbit for 286 days.
Artemis II moon rocket refueled in practice countdown setting stage for historic flight
Engineers were able to fully fuel NASA's Artemis II moon rocket without any signs of leaks like the ones that derailed an earlier dress rehearsal.
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.
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
Port of Los Angeles leader on tariffs
The Port of Los Angeles, the nation's busiest port, which processes about a third of U.S. imports and exports, saw a 13% decline in January of this year, compared with the same period last year. Gene Seroka, executive director of the port, joins "The Daily Report" to discuss.
New Mexico AG reopens Epstein ranch probe
New Mexico's attorney general has reopened an investigation into activities at a ranch once owned by convicted sex offender Jeffrey Epstein. CBS News correspondent Ian Lee has more.
Bomb cyclone threatens East Coast with more winter weather
A fast-developing bomb cyclone is threatening the East Coast with yet another severe round of winter weather. CBS Boston chief meteorologist Eric Fisher has the forecast. Then, Tom Hanson has more about a violent tornado that touched down in southern Illinois.
Man's cat sanctuary naps help rescue expand impact
A retired teacher started volunteering to take care of cats at a sanctuary, but his mission quickly evolved to napping with them. Steve Hartman checks in seven years later about the viral moments have allowed them to help even more cats over the years.
White House orders release of UFO files
President Trump directed his administration to release files on UFOs and any "alien and extraterrestrial life." Mark Strassmann has details.