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.
Mass departures from DOJ are boon for law firms, legal groups
More than 5,000 employees have resigned, retired or been fired from the Justice Department in the first year of Mr. Trump's second administration.
Newark Airport reopens after aircraft emergency caused ground stop, FAA says
Newark Liberty International Airport has reopened after an aircraft emergency caused a ground stop Wednesday evening.
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.
Accomplice not ruled out in Nancy Guthrie disappearance, Arizona sheriff says
Authorities haven't named a suspect or person of interest in Nancy Guthrie's disappearance as the search continued for a third week.
Reese's family member criticizes Hershey for "quietly replacing" ingredients
Brad Reese claims Hershey is cutting costs by relying on cheaper ingredients, risking the Reese's brand.
Ilia Malinin reflects on Olympic experience: "You learn a lot more from failure"
Star figure skater Ilia Malinin stressed he was focused on moving forward and continuing to push the boundaries of the sport.
Lake Erie shipwreck identified in area where explorer died while diving
The wreck of the stone-hauling vessel is in the same area where the founder of the Cleveland Underwater Explorers died in 2024.
Zuckerberg questioned on under-13 Instagram users in social media trial
The Meta CEO defended his company's efforts to keep kids under 13 off of Instagram, but noted that there are "people who lie" about their ages.
Dangerous conditions hinder search teams after deadly avalanche
Eight backcountry skiers have been found dead and one remains missing after an avalanche near Lake Tahoe in California, officials said.
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.
Trump administration sued over reversal of key climate finding
The Trump administration is facing a new lawsuit over its decision to deregulate emissions and repeal a landmark scientific finding on climate pollution.
Les Wexner, longtime Epstein benefactor, tells Congress he was "duped"
Billionaire retail tycoon Les Wexner testified before a House committee Wednesday as part of the panel's investigation into Jeffrey Epstein.
Judge: Lawsuit against Buffalo Wild Wings has "no meat on its bones"
A federal judge dismissed a lawsuit filed by an Illinois man who alleged that Buffalo Wild Wings' use of the term "boneless wings" was deceptive.
Democratic lawmakers ask watchdogs to probe ex-lobbyists serving in Trump admin.
Four congressional Democrats are asking inspectors general to probe whether ex-lobbyists in the administration broke ethics rules to benefit former clients.
Stephen Colbert slams CBS again amid controversy over Talarico interview
"The Late Show" host Stephen Colbert slammed CBS again on Tuesday night after the network issued a statement about his interview with Texas Democrat James Talarico.
U.S. military strikes 3 more alleged drug boats, killing 11 people
The series of strikes brought the death toll to at least 145 people since the administration began targeting the small vessels since September.
How "signal sniffer" technology is being used in the search for Nancy Guthrie
The "signal sniffer" being used in the Nancy Guthrie investigation was mounted on a helicopter on Monday.
FBI, St. Paul police probing ICE arrest that resulted in skull fractures
Minnesota and federal authorities are investigating claims that immigration officers shattered a Mexican man's skull while taking him into custody last month.
Kristi Yamaguchi says it's "imperative" for figure skaters to have a clean short program
Alysa Liu, Amber Glenn and Isabeau Levito, collectively known as the "Blade Angels," began their Olympic medal campaigns in women's figure skating on Tuesday.
Alysa Liu carries Team USA to Olympic medal contention after short program
Team USA's Alysa Liu, Amber Glenn and Isabeau Levito competed in the women's short program at the Milan Cortina Olympics on Tuesday and qualified for the free skate on Thursday.
Tesla robotaxis involved in 14 crashes since launching in Austin, Texas
Tesla CEO Elon Musk has said the electric vehicle maker plans this year to greatly expand its self-driving taxi business.
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.
Trump blames D.C., Maryland and Virginia for massive Potomac River sewage spill
President Trump and Maryland Gov. Wes Moore are feuding over who's responsible for addressing one of the largest sewage spills in U.S. history.
Stephen Colbert slams CBS, says network blocked James Talarico interview
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
20% of U.S. jobs are highly vulnerable to automation, economists say
More than half of jobs in manufacturing and transportation could be automated over the next 20 years, according to Oxford Economics.
U.S.
More U.S.
Mass departures from DOJ are boon for law firms, legal groups
More than 5,000 employees have resigned, retired or been fired from the Justice Department in the first year of Mr. Trump's second administration.
Newark Airport reopens after aircraft emergency caused ground stop, FAA says
Newark Liberty International Airport has reopened after an aircraft emergency caused a ground stop Wednesday evening.
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.
Accomplice not ruled out in Nancy Guthrie disappearance, Arizona sheriff says
Authorities haven't named a suspect or person of interest in Nancy Guthrie's disappearance as the search continued for a third week.
Reese's family member criticizes Hershey for "quietly replacing" ingredients
Brad Reese claims Hershey is cutting costs by relying on cheaper ingredients, risking the Reese's brand.
MoneyWatch
More MoneyWatch
Wine giant Gallo closing Napa Valley facility, laying off dozens of workers
California wine giant Gallo is set to close one of its Bay Area production facilities, laying off nearly 100 workers there and at four other wineries and tasting rooms in Napa and Sonoma counties.
Reese's family member criticizes Hershey for "quietly replacing" ingredients
Brad Reese claims Hershey is cutting costs by relying on cheaper ingredients, risking the Reese's brand.
Zuckerberg questioned on under-13 Instagram users in social media trial
The Meta CEO defended his company's efforts to keep kids under 13 off of Instagram, but noted that there are "people who lie" about their ages.
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.
Judge: Lawsuit against Buffalo Wild Wings has "no meat on its bones"
A federal judge dismissed a lawsuit filed by an Illinois man who alleged that Buffalo Wild Wings' use of the term "boneless wings" was deceptive.
Politics
More Politics
Judge holds DOJ lawyer in contempt as tensions flare over immigration cases
A Minnesota federal judge ordered a government attorney to be held in civil contempt of court, further escalating tension between the judiciary and Trump administration over immigration cases.
Mass departures from DOJ are boon for law firms, legal groups
More than 5,000 employees have resigned, retired or been fired from the Justice Department in the first year of Mr. Trump's second administration.
Bondi orders Justice Department to prioritize animal welfare enforcement
Attorney General Pam Bondi ordered the Justice Department to prioritize animal welfare enforcement, in a move she said will entail stepping up prosecutions and even doling out grants to animal welfare groups.
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.
Exclusive
Trump has mulled timeline for Iran strikes, but no decision yet
Trump has not yet made a final decision about whether to strike Iran, sources told CBS News.
HealthWatch
More HealthWatch
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.
Can TrumpRx help you save money on drugs? Here's what experts say.
The Trump administration's new discounted drug platform, TrumpRx, isn't a game-changer for consumers, health care experts said.
World
More World
U.S. men's hockey defeats Sweden in overtime at Olympics quarterfinal
The U.S. and Canada men's hockey teams are moving on to the semifinals at the Winter Olympics.
Exclusive
Trump has mulled timeline for Iran strikes, but no decision yet
Trump has not yet made a final decision about whether to strike Iran, sources told CBS News.
Ukraine protests as Russians cleared to fly their flag at Paralympics
Ukraine calls a decision to allow Russian and Belarusian athletes to compete in the 2026 Paralympics under their nations' flags, "disappointing and outrageous."
4th alleged rape victim testifies against Norway princess's son
Marius Borg Hoiby faces 38 charges, including raping four women while they were asleep or had passed out.
Zelenskyy says Putin playing for time as U.S.-brokered talks wrap up
U.S.-brokered Ukraine-Russia peace talks wrap up with little to show, and Zelenskyy accusing Moscow of playing for time
Entertainment
More Entertainment
Bad Bunny lands first lead acting role in the film "Porto Rico"
Bad Bunny is set to star in his first leading role in the film "Porto Rico" alongside Javier Bardem, Viggo Mortensen and Edward Norton.
From the archives: Robert Duvall
Academy Award-winning actor Robert Duvall died on Feb. 15, 2026 at the age of 95. In this June 25, 2006 "Sunday Morning" profile, the star of such classics as "The Godfather," "Apocalypse Now," and the TV miniseries "Lonesome Dove" talked with Rita Braver about his career, including the early days hanging out with Gene Hackman and Dustin Hoffman; his Oscar-winning performance as a country singer in "Tender Mercies"; and his love of westerns. He even gave a visiting reporter an impromptu tango lesson.
Stephen Colbert slams CBS again amid controversy over Talarico interview
"The Late Show" host Stephen Colbert slammed CBS again on Tuesday night after the network issued a statement about his interview with Texas Democrat James Talarico.
Stephen Colbert slams CBS, says network blocked James Talarico interview
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
Anderson Cooper to depart "60 Minutes" at end of season
Anderson Cooper will report multiple stories for "60 Minutes" before the end of the television season in May.
Technology
More Technology
Technology
Mark Zuckerberg appears in social media trial
Mark Zuckerberg took the stand on Wednesday to fight off allegations that Instagram was intentionally designed to be addictive, especially to kids. Jo Ling Kent was in the courtroom and has more on the landmark trial.
Zuckerberg testifies at landmark trial
Meta CEO Mark Zuckerberg was in court on Wednesday, testifying in a pivotal trial on social media addiction and potential legal remedies. CBS News correspondent Carter Evans has the details.
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's team scolded in court
Meta CEO Mark Zuckerberg defended his social media company in court on Wednesday against allegations that it's designed its apps to be addictive and harmful to children. CBS News' Carter Evans reports on the trial, and technology journalist Jacob Ward has more details.
Zuckerberg testifies in landmark trial
Meta CEO Mark Zuckerberg is testifying in a landmark social media addiction trial on Wednesday. CBS News correspondent Carter Evans has more.
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
Guthrie investigators haven't ruled out accomplice
The Pima County sheriff told CBS News that investigators have not ruled out the possibility of an accomplice in the disappearance of Nancy Guthrie. CBS News reporter Andres Gutierrez has the latest.
Accomplice not ruled out in Nancy Guthrie disappearance, Arizona sheriff says
Authorities haven't named a suspect or person of interest in Nancy Guthrie's disappearance as the search continued for a third week.
Latest details in Nancy Guthrie case
DNA on gloves found near Nancy Guthrie's home did not match any in the FBI's database, the agency said, but investigators are still focusing on possible evidence as the search for "Today" co-host Savannah Guthrie's mother continues. CBS News' Andres Gutierrez has the latest.
4th alleged rape victim testifies against Norway princess's son
Marius Borg Hoiby faces 38 charges, including raping four women while they were asleep or had passed out.
Zuckerberg taking the stand at trial
Meta CEO Mark Zuckerberg is taking the stand at a landmark trial on the effects of social media. CBS News' Jo Ling Kent reports.
Space
More Space
Fresh crew arrives at International Space Station to boost numbers back to 7
The Crew 12 docking came one month after a previous crew had to return to Earth early due to a medical issue.
SpaceX launches crew to ISS
NASA and SpaceX launched a new mission to the International Space Station with four crew members on board to replace the team that returned last month due to a medical issue with one member. Mark Strassmann has more.
SpaceX launches space station crew on 8-month mission
The two-woman, two-man crew is replacing four other station fliers who came home early last month due to a medical issue one was having.
NASA, SpaceX mission prepares for launch
NASA and SpaceX say they have completed their final reviews and are ready to launch a crewed mission to the International Space Station on Friday. Retired NASA astronaut Leroy Chiao joins "The Daily Report" to discuss.
ULA rocket has booster problem while launching classified Space Force payloads
A United Launch Alliance Vulcan rocket carrying classified Space Force payloads suffered a booster problem but apparently made an otherwise "nominal" ascent to space, the company said.
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
Newark Airport reopens after emergency landing
Newark International Airport briefly closed on Wednesday after a JetBlue flight made an emergency landing. CBS News senior transportation correspondent Kris Van Cleave reports.
"Fire devils" swirl in Oklahoma
Dangerous weather threatened much of the U.S. on Wednesday. Rob Marciano reports on avalanche, fire, tornado and storm threats around the country.
New, dramatic testimony in Colin Gray's trial
There was new dramatic testimony in the trial of Colin Gray, the father accused of purchasing the rifle his son used to kill four people at his Georgia high school in 2024. Skyler Henry has more.
Mark Zuckerberg appears in social media trial
Mark Zuckerberg took the stand on Wednesday to fight off allegations that Instagram was intentionally designed to be addictive, especially to kids. Jo Ling Kent was in the courtroom and has more on the landmark trial.
Delta flight turns around due to violent passenger
A Delta Air Lines flight took off, then had to turn around because of concern that a violent passenger would try to enter the cockpit. Kris Van Cleave reports.