
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.
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Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
Shares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
JPMorgan Chase is buying the troubled lender after it became the second biggest bank failure in U.S. history.
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.
The ailing regional lender is at risk of becoming the third U.S. bank to collapse since March.
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.
FDIC Chairman Martin Gruenberg estimated about $20 billion would be needed to cover the collapse of Silicon Valley Bank.
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.
They say government helps wealthy more than middle class amid bank issues.
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.
Forced sale of a storied investment bank and lax U.S. financial rules are renewing concerns about the banking sector.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
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.
The treasury secretary says the plan would be set in motion if additional collapses trigger a run on banks.
Regional lender's stock prices plunges 47% even after a group of the nation's biggest banks injected $30 billion in deposits.
About 190 banks could fail if even half of their uninsured depositors withdraw their money, a new study finds.
Officials announced the takeover on Sunday, after shares of Credit Suisse plummeted last week despite a $54 billion loan from the Swiss National Bank.
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.
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.
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.
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.
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.
The banks came under renewed pressure despite emergency measures to bolster their finances.
The president is asking Congress to expand the FDIC's authority to penalize executives of failed banks.
The Federal Deposit Insurance Corp will shoulder the immediate cost, but bank customers could see higher fees later.
The Pentagon announced Monday it would restore Fort Liberty's original name of Fort Bragg, but would honor a different Bragg than the base's original Confederate namesake.
The vaccination rate for Florida kindergartners has fallen to 88.1%, the lowest in decades.
The business jet that crashed is owned by Vince Neil of the band Mötley Crüe.
Ye, the artist formerly known as Kanye West, used a local TV ad in Los Angeles to direct people to his website, where he is selling T-shirts emblazoned with swastikas.
In September, Adams was indicted on five counts including bribery, conspiracy and campaign finance violations. He pleaded not guilty to all charges.
The massive inferno in the historic town of Lahaina was the deadliest in the U.S. in more than a century.
President Trump removed the director of the Office of Government Ethics, the independent agency responsible for overseeing ethics rules for the executive branch.
President Trump on Monday ordered new tariffs on all steel and aluminum imports. Experts say some products could become pricier.
McConnell is up for reelection in 2026, and he has not said whether he plans to run again for an eighth Senate term.
The Pentagon announced Monday it would restore Fort Liberty's original name of Fort Bragg, but would honor a different Bragg than the base's original Confederate namesake.
The vaccination rate for Florida kindergartners has fallen to 88.1%, the lowest in decades.
The business jet that crashed is owned by Vince Neil of the band Mötley Crüe.
Ye, the artist formerly known as Kanye West, used a local TV ad in Los Angeles to direct people to his website, where he is selling T-shirts emblazoned with swastikas.
In September, Adams was indicted on five counts including bribery, conspiracy and campaign finance violations. He pleaded not guilty to all charges.
Ye, the artist formerly known as Kanye West, used a local TV ad in Los Angeles to direct people to his website, where he is selling T-shirts emblazoned with swastikas.
President Trump on Monday ordered new tariffs on all steel and aluminum imports. Experts say some products could become pricier.
Billionaire Elon Musk is leading a group of investors in a $97.4 billion bid to take control of artificial intelligence pioneer OpenAI.
President Trump's firing of one of the National Labor Relations Board's five members has left the labor watchdog adrift, experts say.
A union representing employees across dozens of federal agencies filed two lawsuits on Sunday against the acting director of the Consumer Financial Protection Bureau.
The Pentagon announced Monday it would restore Fort Liberty's original name of Fort Bragg, but would honor a different Bragg than the base's original Confederate namesake.
President Trump said he would give Hamas until noon Saturday to release all Israeli hostages.
In September, Adams was indicted on five counts including bribery, conspiracy and campaign finance violations. He pleaded not guilty to all charges.
Democrats express mixed confidence in Democratic congressional leaders' ability to oppose Trump.
President Trump removed the director of the Office of Government Ethics, the independent agency responsible for overseeing ethics rules for the executive branch.
The vaccination rate for Florida kindergartners has fallen to 88.1%, the lowest in decades.
The adult patient infected with bird flu has reported only conjunctivitis and no other symptoms.
The National Institutes of Health says the cuts will save more than $4 billion a year, but critics say it puts potentially lifesaving research in jeopardy.
Recalled products involved a mix of Bavarian doughnuts, French crullers, éclairs and coffee rolls, according to FDA.
A program begun in Zimbabwe in which grandmothers and older listeners serve as "first responders" for those seeking mental health assistance in underserved communities has now expanded to nine countries, including the U.S.
President Trump said he would give Hamas until noon Saturday to release all Israeli hostages.
The Russian-led IBA's criminal complaints against the International Olympics Committee stemmed from a 2024 controversy in women's boxing.
Investigators developed a male DNA profile from the evidence but there were no matches in 1998.
Guatemala City officials said children were among the victims in the Belice Bridge accident.
"No, they wouldn't," President Trump said when asked if Palestinians will have the right to return to the Gaza Strip.
British superstar singer Ed Sheeran, after being unplugged by Indian police, insists he did have permission to busk in tech hub Bengaluru.
The second season of the series "Tracker" returns on Sunday. Justin Hartley stars as the lone wolf Colter Shaw who uses his survivalist skills to find missing people and collect the reward money. Hartley joins "CBS Mornings" to discuss what to expect from upcoming episodes and what it's like working with his wife, who is also part of the cast.
Millions of Americans tuned into the 2025 Super Bowl on Sunday, but some were watching for the ads more than the game. Ad Age editor-in-chief Jeanine Poggi breaks down some of the best Super Bowl commercials and trends.
Taylor Swift was back at the Super Bowl to watch Travis Kelce and his Kansas City Chiefs play the Philadelphia Eagles on Sunday.
The dynamic vocalist who is up for a best actress Oscar for playing Elphaba in the movie version of "Wicked" discusses what she brought to the role of the Wicked Witch of the West.
Billionaire Elon Musk is leading a group of investors in a $97.4 billion bid to take control of artificial intelligence pioneer OpenAI.
Reports of connectivity issues spread quickly across social media, with Sony PlayStation users reporting issues late Friday.
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.
Methane is one of the climate-damaging gases emitted by industry, but a British firm has found a way to give it a major makeover.
The use of generative AI in schools is causing a divide in classrooms across the country. While some teachers are using AI detection tools to catch cheating, others are banning it completely.
Endangered Mexican long-nosed bats are now being tracked via "eDNA" using their saliva.
Methane is one of the climate-damaging gases emitted by industry, but a British firm has found a way to give it a major makeover.
The world set yet another monthly heat record in January, despite an abnormally chilly U.S., a cooling La Nina and predictions of a slightly less hot 2025, the European climate service Copernicus says.
Australia-based scientists say they've produced the world's first kangaroo embryo through IVF and hailed it as a key step toward saving endangered marsupials.
Researchers used advanced technology to digitally "unroll" an ancient Greek text on carbonized papyrus, and now they're reading it.
Investigators developed a male DNA profile from the evidence but there were no matches in 1998.
The teacher confessed to the crime after police officers found her and the young girl with stab wounds at the elementary school, local media reported.
The indictment and court testimony highlighted beatings, kidnappings and fatal shootings that were part of the conspiracy
For years, the death of 15-year-old Danielle "Danni" Houchins had been shrouded in mystery. Montana investigators initially said it could have been a tragic accident, but her family always suspected something more sinister.
After a traditional autopsy, a coroner ruled Kristen Trickle died by suicide. But prosecutors in Kansas questioned if she could have fired the large-caliber revolver that killed her and ordered an autopsy of her mind.
Astronomers will use the Webb telescope to closely monitor the size and trajectory of an asteroid that has a slim chance of striking Earth in 2032.
Starliner astronaut Sunita Williams says she and crewmate Butch Wilmore have not been "abandoned" in space, as NASA considers plans to speed their return.
Scientists are closely watching a recently discovered asteroid that is being called a potential "city-killer." NASA calculates there is a 1.6% chance it could hit the Earth in 2032. CBS News space consultant Bill Harwood has more.
The Hubble Telescope took a snapshot of what astronomers are calling the Bullseye Galaxy. The distant galaxy contains nine rings of stars that were formed when a blue dwarf galaxy crashed through the center of the galaxy.
Some high-density airspace regions could have as high as a 26% of being affected by an uncontrolled rocket body reentry.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
President Trump on Monday imposed 25% tariffs on all steel and aluminum imports into the U.S. to the dismay of allies overseas. In a statement released Sunday, the European Commission said it would "react to protect the interests of European businesses, workers and consumers from unjustified measures." Jeanna Smialek, Brussels bureau chief for The New York Times, joins CBS News to discuss.
A federal judge has temporarily blocked the National Institutes of Health from implementing cuts to medical research grants under the Trump administration after 22 states sued to halt the process. CBS News digital reporter Alex Tin has the details.
President Trump announced Sunday that he ordered the U.S. Mint to stop printing the U.S. penny, saying it "literally cost us more than two cents." Trump's action is the latest move in a decades-long debate about the penny's usefulness. CBS News' Kelly O'Grady explains.
The first CBS News poll of President Trump's second term shows him with a significantly higher approval rating than he enjoyed his first time in office. CBS News executive director of elections and surveys Anthony Salvanto breaks down the numbers.
The Trump administration is asking the Treasury Department to deputize some of its law enforcement agents to help carry out the president's mass deportation plans. CBS News immigration and politics reporter Camilo Montoya-Galvez has more.