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.
Cyberattack shutters Canvas learning platform for schools across the U.S.
A system that thousands of schools and universities use was offline due to a cyberattack.
USPS proposal would allow handguns to be sent through the mail
The Justice Department argues the patchwork of state laws around guns makes it difficult to take them across state lines for lawful purposes like target shooting, hunting and self-defense.
Exclusive
Spencer Pratt compares his fledgling political career to Obama's national rise
Spencer Pratt has said he was compelled to launch his unlikely mayoral run after his home was destroyed in last year's devastating Los Angeles wildfires.
Federal judge finds DOGE's elimination of humanities grants "unlawful"
Three of the nation's major scholarly groups challenged the Trump administration's cuts to humanities grants.
U.S. trade court rules against Trump's 10% tariffs
The tariffs were put in place in February, days after the Supreme Court struck down President Trump's previous round of sweeping "Liberation Day" tariffs.
Can AI help you figure out how much money you need to retire?
As more people turn to chatbots for financial advice, experts say AI offers both pros and cons for retirement planning. Here's what to know.
Trump-appointed council proposes major redesign of FEMA response role
A council appointed by President Trump has proposed major changes to FEMA's disaster relief response.
AI is as a top cause of layoffs, accounting for 26% of April's job cuts
New data shows artificial intelligence is the most cited reason for layoffs, even as economists debate whether it is truly displacing workers.
Tennessee approves new congressional map dissolving majority Black district
Tennessee Republicans earlier Thursday approved a measure to overturn the state's ban on mid-decade redistricting.
Texas mom says "no one is safe" after she spent 6 weeks in ICE custody
Meenu Batra exclusively spoke to CBS News about being detained by ICE, saying she was living and working legally in the U.S. when she was arrested.
A blocked camera, a 13-minute gap: Details emerge on WHCD attack
A CBS News visual investigation is revealing new details of an alleged assassination attempt on President Trump at this year's White House Correspondents' Dinner.
5 states monitoring passengers who departed ship stricken by hantavirus
American passengers who left the MV Hondius cruise ship in April are being monitored for hantavirus in at least five states, health officials said.
Karoline Leavitt announces birth of her baby girl
White House press secretary Karoline Leavitt announced the birth of her baby girl, Viviana, or "Vivi" for short.
Snack mixes recalled due to possible Salmonella contamination
Mexican street corn-inspired trail mix made by Illinois food company was sold at Target and other retailers, as well as online.
14 tornadoes reported in Mississippi as storms ravage homes, knock out power
The storms collapsed hundreds of homes, downed trees and knocked out power lines in multiple counties, officials said.
Woman dies while competing in 250-mile Arizona ultramarathon
A woman in her 40s was participating in the grueling race and collapsed at a trailhead, officials said.
Agents can kill bears from the air to protect Alaska caribou, judge says
The Mulchatna caribou herd is expected to begin calving soon, and the babies are particularly susceptible to being eaten by bears or wolves.
Exclusive
Trump pardon recipients face congressional probe over "pay-to-play" questions
Congressional Democrats are investigating clemency recipients who may have obtained favorable treatment from Trump or his advisers "through intermediaries, financial contributions, or other forms of influence."
Hottest U.S. gas prices in years leave drivers feeling burned
Americans on tight budgets are getting hit especially hard by surging fuel costs, forcing some to make hard choices.
Jeffrey Epstein's possible suicide note released by judge
A former cellmate has previously claimed that the note was written by Epstein after a failed suicide attempt less than a month before his death.
Judge denies Fulton County's request to return 2020 ballots seized by FBI
A federal judge in Georgia denied a motion by officials in Fulton County, Georgia, to return ballots and other materials from the 2020 election that were taken by the FBI earlier this year.
Suspect arrested in Oklahoma party shooting that killed 1, injured 22
Police said they have arrested an 18-year-old in connection with a shooting Sunday during a party that left one woman dead and 22 other people injured.
Retired special forces soldier accused of shooting wife in Tennessee found dead
Craig Berry, 53, was found dead on Wednesday of an apparent gunshot wound, the Stewart County Sheriff's Office said.
Kentucky Derby winner skipping Preakness Stakes, won't make Triple Crown run
The last time a horse won the Triple Crown was in 2018.
iPhone owners could get up to $95 from a new Apple settlement
A proposed $250 million settlement would compensate millions of consumers who bought the iPhone 16, iPhone 15 Pro or iPhone 15 Pro Max.
U.S.
More U.S.
Cyberattack shutters Canvas learning platform for schools across the U.S.
A system that thousands of schools and universities use was offline due to a cyberattack.
USPS proposal would allow handguns to be sent through the mail
The Justice Department argues the patchwork of state laws around guns makes it difficult to take them across state lines for lawful purposes like target shooting, hunting and self-defense.
Exclusive
Spencer Pratt compares his fledgling political career to Obama's national rise
Spencer Pratt has said he was compelled to launch his unlikely mayoral run after his home was destroyed in last year's devastating Los Angeles wildfires.
Federal judge finds DOGE's elimination of humanities grants "unlawful"
Three of the nation's major scholarly groups challenged the Trump administration's cuts to humanities grants.
U.S. trade court rules against Trump's 10% tariffs
The tariffs were put in place in February, days after the Supreme Court struck down President Trump's previous round of sweeping "Liberation Day" tariffs.
MoneyWatch
More MoneyWatch
U.S. trade court rules against Trump's 10% tariffs
The tariffs were put in place in February, days after the Supreme Court struck down President Trump's previous round of sweeping "Liberation Day" tariffs.
Can AI help you figure out how much money you need to retire?
As more people turn to chatbots for financial advice, experts say AI offers both pros and cons for retirement planning. Here's what to know.
AI is as a top cause of layoffs, accounting for 26% of April's job cuts
New data shows artificial intelligence is the most cited reason for layoffs, even as economists debate whether it is truly displacing workers.
Snack mixes recalled due to possible Salmonella contamination
Mexican street corn-inspired trail mix made by Illinois food company was sold at Target and other retailers, as well as online.
Hottest U.S. gas prices in years leave drivers feeling burned
Americans on tight budgets are getting hit especially hard by surging fuel costs, forcing some to make hard choices.
Politics
More Politics
Accused WHCD shooter seeks to disqualify Pirro, Blanche because they attended event
Attorneys for accused White House Correspondents' Dinner shooter Cole Allen asked a judge to disqualify Jeanine Pirro and other senior Justice Department leaders from the case because they were present during the incident.
USPS proposal would allow handguns to be sent through the mail
The Justice Department argues the patchwork of state laws around guns makes it difficult to take them across state lines for lawful purposes like target shooting, hunting and self-defense.
Exclusive
Spencer Pratt compares his fledgling political career to Obama's national rise
Spencer Pratt has said he was compelled to launch his unlikely mayoral run after his home was destroyed in last year's devastating Los Angeles wildfires.
Federal judge finds DOGE's elimination of humanities grants "unlawful"
Three of the nation's major scholarly groups challenged the Trump administration's cuts to humanities grants.
U.S. trade court rules against Trump's 10% tariffs
The tariffs were put in place in February, days after the Supreme Court struck down President Trump's previous round of sweeping "Liberation Day" tariffs.
HealthWatch
More HealthWatch
HealthWatch
5 states monitoring hantavirus ship passengers
After almost a full day of sailing, the hantavirus-stricken cruise ship is slowly closing in on its destination, about 600 nautical miles away from Spain's Canary Islands. Tom Hanson has more details, and Dr. Jon LaPook has more about the virus.
What we know about hantavirus cases tied to deadly cruise ship outbreak
Health officials have identified at least eight confirmed or suspected cases of hantavirus tied to an outbreak on the M/V Hondius cruise ship.
5 states monitoring passengers who departed ship stricken by hantavirus
American passengers who left the MV Hondius cruise ship in April are being monitored for hantavirus in at least five states, health officials said.
Snack mixes recalled due to possible Salmonella contamination
Mexican street corn-inspired trail mix made by Illinois food company was sold at Target and other retailers, as well as online.
Trump promised cheaper drugs. Some prices dropped. Many others shot up.
Since his second term started, President Trump has introduced a flurry of initiatives aimed at taming the excesses of the pharmaceutical industry.
World
More World
U.S. strikes 2 Iranian ports as American warships come under fire
Three U.S. Navy destroyers transiting the Strait of Hormuz came under attack on Thursday, and the U.S. struck on two Iranian ports abutting the strait, putting into question an increasingly fragile U.S.-Iran ceasefire.
What we know about hantavirus cases tied to deadly cruise ship outbreak
Health officials have identified at least eight confirmed or suspected cases of hantavirus tied to an outbreak on the M/V Hondius cruise ship.
Is the Iranian regime really in a "state of collapse" as Trump claims?
As Trump pushes for a deal with an Iranian regime he portrays as deeply fractured, analysts say power in Tehran may be shifting, but that doesn't mean disarray.
5 states monitoring passengers who departed ship stricken by hantavirus
American passengers who left the MV Hondius cruise ship in April are being monitored for hantavirus in at least five states, health officials said.
Dozens of cocaine packages seized in Pacific, 11 rescued from shipwreck
The Mexican navy helped rescue shipwrecked sailors and retrieve bales of illicit drugs that had been dumped into the ocean.
Entertainment
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Exclusive
Spencer Pratt compares his fledgling political career to Obama's national rise
Spencer Pratt has said he was compelled to launch his unlikely mayoral run after his home was destroyed in last year's devastating Los Angeles wildfires.
Surprising "Survivor" tribal council ceremony
(Warning: Spoilers ahead!) "CBS Mornings" reveals details of the latest "Survivor 50" episode and elimination ceremony, which had another surprise for the castaways.
Exclusive preview of "I Will Find You"
"CBS Mornings" has an exclusive preview of the new Netflix series "I Will Find You," which is based on Harlan Coben's 2023 novel. Coben, who is also an executive producer on the series, talks about what inspired the story and how closely he worked on the Netflix adaptation.
Documentary explores maternal healthcare
Christy Turlington Burns, the founder and president of the nonprofit "Every Mother Counts," speaks about her new documentary, which explores the state of maternal healthcare following the end of Roe v. Wade. She discusses the different risks for women and why this is personal for her.
How Ted Turner transformed media
Ted Turner, who died on Wednesday at age 87, was a global media titan. Amol Sharma, a financial editor for The Wall Street Journal, joins CBS News with more insight.
Technology
More Technology
Cyberattack shutters Canvas learning platform for schools across the U.S.
A system that thousands of schools and universities use was offline due to a cyberattack.
Can AI help you figure out how much money you need to retire?
As more people turn to chatbots for financial advice, experts say AI offers both pros and cons for retirement planning. Here's what to know.
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.
Google unveils screenless Fitbit
Fitness trackers started as devices for measuring workouts, but now they are designed for 24/7 monitoring and the passive collection of health data. Fitbit announced its latest device, called the Fitbit Air, to compete with other screenless trackers like the Whoop. Tech journalist Lexi Savvides joins CBS News with more.
Former OpenAI board members testify in trial
The high-stakes OpenAI trial pitting tech giants Elon Musk and Sam Altman against each other is wrapping up its second week with testimony from former board members. Ashley Gold, Axios senior tech policy reporter, joins CBS News to discuss.
Science
More Science
Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Bill Nye on the Artemis II moon mission
Bill Nye The Science Guy, the chief ambassador of The Planetary Society, joins CBS News 24/7 Mornings with more after meeting the Artemis II crew in person after their successful mission around the moon.
Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Crime
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Crime
Mother of missing woman in Bahamas speaks out
The search for Michigan mother Lynette Hooker headed into a fifth week as Coast Guard investigators seek to question the owners of a sailboat that was moored near the Hooker's vessel when she went missing. Cristian Benavides reports.
CBS News finds security gaps at Hilton Hotel
CBS News homeland security correspondent Nicole Sganga returned to the Hilton Hotel in Washington, D.C., to better understand the security surrounding the White House Correspondents' Dinner. What she found was a 13-minute gap in security camera coverage in the moments leading up to the shooting.
DOJ yet to authenticate possible Epstein note
A federal judge has made public an apparent suicide note written by convicted sex offender Jeffrey Epstein. CBS News' Anna Schecter reports.
Correspondents' dinner shooting analysis
A CBS News team analyzed the security footage of the White House Correspondents' Dinner shooting. Nicole Sganga breaks down what we learned.
Investigation of correspondents' dinner attack
A CBS News visual investigation reveals new details in an alleged assassination attempt on President Trump at this year's White House Correspondents' Dinner.
Space
More Space
Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Artemis crew surprises 5-year-old aspiring astronaut with special gift
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
Artemis II crew reveals what snack they ate right after splashdown
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
Artemis II astronauts talk mission toilet troubles: "We made do"
The plumbing issues aboard the Orion capsule became headline news in the early days of the historic Artemis II mission.
Only on CBS
Artemis crew tells kids moon flight was "the best roller coaster ride"
The Artemis II astronauts joined "CBS Mornings" for a live town hall where they took questions from kids just weeks after returning from their historic moon mission.
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
New study on AAPIs and Trump changes
According to a new study from the Asian American Foundation, Asian Americans and Pacific Islanders are more likely than other Americans to say that recent federal policy changes have negatively impacted their communities. Norman Chen, its CEO, joins "The Daily Report" with more.
Analyzing Trump's efforts to lower drug costs
President Trump has made cutting drug prices a centerpiece of his second term. He's announced deals with major drug companies and launched TrumpRx, where cash-paying patients could find discounted medicines. But a new analysis finds that the reality is more complicated. CBS News medical correspondent Dr. Céline Gounder has more.
Spencer Pratt on his chances of becoming L.A. mayor
The race for Los Angeles mayor is heating up following a spirited first debate on Wednesday night. Spencer Pratt, a registered Republican, spoke with CBS News correspondent Adam Yamaguchi about his campaign in the non-partisan race.
U.S. intercepts Iran attack: CENTCOM
The U.S. confirmed that three of its military vessels came under Iranian fire in the Strait of Hormuz on Thursday. According to CENTCOM, no U.S. assets were struck and forces were able to intercept the attack. CBS News national security contributor Sam Vinograd has more.
Man shows how a mistake can become a lesson
Guy Goma walked into a BBC interview for an IT job, but was mistaken for an expert and was rushed on air. Twenty years later, he reflects on how a screw-up can turn into a moment of grace.