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.
Florida Senate race set between Ashley Moody and Angie Nixon
GOP Sen. Ashley Moody and Democratic State Rep. Angie Nixon will face off in November after winning their primaries for U.S. Senate on Tuesday night, the Associated Press projects.
Byron Donalds, David Jolly to face off in Florida governor's race
Rep. Byron Donalds won the Republican primary for governor and former Rep. David Jolly won the Democratic primary, The Associated Press projects.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
Investigation
Beagles bred for research get new life amid questions over federal oversight
The USDA's own inspector general has repeatedly raised concerns about federal oversight of dog breeders.
Tupac Shakur autopsy photos shown at murder trial after some family members leave
Tupac Shakur's cousin said the autopsy photos made him feel "very angry, to say the least."
Former NIAID adviser pleads guilty in COVID-19 records scheme
David Morens, 78, agreed to plead guilty to one count of conspiracy to commit offenses and to defraud the United States.
Frank Beard, ZZ Top drummer, dies at age 77
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Inflation is outpacing wages again. Many workers were already behind.
When inflation rises faster than workers' wages, it feels like they're getting a pay cut. Companies, meanwhile, benefit.
Who is Natalie Harp? Trump's loyal assistant suddenly in the spotlight
The 35-year-old executive assistant to the president is a quiet but loyal force at President Trump's side.
State Farm is sending refund checks to customers. Here's who qualifies.
More than 7.2 million checks have been mailed so far, with millions more expected to go out this week, according to State Farm.
Panettiere was with on-and-off boyfriend when she died, police report says
Brian Hickerson and his brother, Zach, made the 911 call that brought first responders to the apartment where Hayden Panettiere was found unresponsive.
Former DOJ lawyer alleges government improperly targeted Ivy League schools
The Trump admin. pressured attorneys to investigate allegations of antisemitism at elite universities even though there was no factual or legal basis to do so, former DOJ lawyer says.
Exclusive
U.S. deporting Mexican migrants to Guatemala and Honduras, angering Mexico
The Trump administration has been quietly deporting migrants from Mexico to Central America, despite the Mexican government's willingness to accept the return of all its citizens.
DEI policies brought no financial penalty to firms, study finds
Companies that stood by their diversity efforts faced no detectable impact from investors or shoppers, researchers found.
Madonna leads 2026 MTV VMAs with 11 nominations
Madonna leads all artists with 11 nominations at this year's MTV VMAs, and a full sweep would tie her with Beyoncé and Taylor Swift for the most VMA wins in history.
Appeals court upholds block on immigration arrests at certain houses of worship
A federal appeals court sided with houses of worship from the Quaker, Sikh, and Cooperative Baptist Fellowship religious traditions.
Justice Department to send a record 1,000 monitors to midterm polling places
The Justice Department is planning to deploy a record 1,000 federal monitors to polling places throughout the U.S. for the midterm elections.
Human remains found in Lake Mead as water levels reach record low
The skeletal remains were found on Sunday, two years after similar drought conditions exposed bodies in the lake.
Meta's federal trial begins over child social media addiction claims
The lawsuit accuses the social media giant of contributing to the youth mental health crisis by deliberately designing features that addict children to its platforms.
First on CBS
DOJ to stop using outside experts to help vet competitive grant applicants
The Justice Department is scrapping its longtime practice of hiring outside experts to help review competitive grant applications, multiple sources told CBS News.
Outshine Fruit Bars recalled over possible glass, parent Dreyer's says
Five flavors of Outshine Fruit Bars sold nationwide were recalled because they may include glass, Dreyer's Grand Ice Cream said.
First on CBS
IRS proposal would force nonprofits to disclose leaders' terrorism convictions
The disclosure requirement would be added to the Form 990, the annual return that nonprofit groups file with the IRS.
Missing woman's family receives texts asking for money, bitcoin
Alisa Goods, 63, disappeared 10 days ago in Las Vegas. Her family has been receiving mysterious messages from her phone.
Disney and ABC sue FCC over early license review, alleging retaliation
The lawsuit comes after the FCC ordered ABC to seek renewals between two and five years before its TV stations' licenses were set to expire.
Hayden Panettiere's ex-fiancé in "profound shock" after her death
Hayden Panettiere, who shares a daughter with the former boxing champ, died on Sunday at 36 years old.
U.S.
More U.S.
Florida Senate race set between Ashley Moody and Angie Nixon
GOP Sen. Ashley Moody and Democratic State Rep. Angie Nixon will face off in November after winning their primaries for U.S. Senate on Tuesday night, the Associated Press projects.
Byron Donalds, David Jolly to face off in Florida governor's race
Rep. Byron Donalds won the Republican primary for governor and former Rep. David Jolly won the Democratic primary, The Associated Press projects.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
Investigation
Beagles bred for research get new life amid questions over federal oversight
The USDA's own inspector general has repeatedly raised concerns about federal oversight of dog breeders.
Tupac Shakur autopsy photos shown at murder trial after some family members leave
Tupac Shakur's cousin said the autopsy photos made him feel "very angry, to say the least."
MoneyWatch
More MoneyWatch
Inflation is outpacing wages again. Many workers were already behind.
When inflation rises faster than workers' wages, it feels like they're getting a pay cut. Companies, meanwhile, benefit.
State Farm is sending refund checks to customers. Here's who qualifies.
More than 7.2 million checks have been mailed so far, with millions more expected to go out this week, according to State Farm.
DEI policies brought no financial penalty to firms, study finds
Companies that stood by their diversity efforts faced no detectable impact from investors or shoppers, researchers found.
Meta's federal trial begins over child social media addiction claims
The lawsuit accuses the social media giant of contributing to the youth mental health crisis by deliberately designing features that addict children to its platforms.
Outshine Fruit Bars recalled over possible glass, parent Dreyer's says
Five flavors of Outshine Fruit Bars sold nationwide were recalled because they may include glass, Dreyer's Grand Ice Cream said.
Politics
More Politics
Trump says he paused 50% tariffs on some Canadian goods as deal being finalized
President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.
U.S., South Korea cut short their joint military drills at Trump's direction
President Trump ordered the exercises be scaled back, citing what he said was a good relationship with North Korean leader Kim Jong Un and South Korea's refusal to join the U.S. war against Iran.
Scandal-ridden Cory Mills ousted in GOP primary in Florida's 7th District
The Trump-backed incumbent has struggled to raise money for his reelection bid as the House Ethics Committee investigates numerous allegations against him.
Florida Senate race set between Ashley Moody and Angie Nixon
GOP Sen. Ashley Moody and Democratic State Rep. Angie Nixon will face off in November after winning their primaries for U.S. Senate on Tuesday night, the Associated Press projects.
Byron Donalds, David Jolly to face off in Florida governor's race
Rep. Byron Donalds won the Republican primary for governor and former Rep. David Jolly won the Democratic primary, The Associated Press projects.
HealthWatch
More HealthWatch
HealthWatch
From 2024: Tommy John on Tommy John surgery, before and after
In this interview from 2024, former pitching ace Tommy John talked with correspondent Faith Salie about the injury to his pitching arm he suffered in 1974, and about the innovative procedure (which came to be known as "Tommy John surgery") that rescued his career – and would prolong the careers of many more professional and amateur athletes since. [John died on Aug. 15, 2026 at age 83.]
School vaccination rates inch down again to record low
U.S. kindergarten vaccination rates have declined again, with exemptions reaching a record high for the 2025-2026 school year
RFK Jr.'s hunt for autism culprits stalls amid Trump's baseless vaccine order
Health Secretary Robert F. Kennedy Jr.'s closed-door research has yet to produce evidence linking vaccines and autism.
Mom-to-be had 2 signs of rare complication: "Everything kept getting worse"
Candice Davis' first pregnancy was going smoothly until she began feeling some nausea and pain one afternoon.
My husband was kicked out of hospice. Here's what I learned.
Some seriously ill patients improve on hospice. About 1 in 16 patients enrolled in hospice care lose eligibility as a result. Here's how to get appropriate care.
World
More World
Trump says he paused 50% tariffs on some Canadian goods as deal being finalized
President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.
U.S., South Korea cut short their joint military drills at Trump's direction
President Trump ordered the exercises be scaled back, citing what he said was a good relationship with North Korean leader Kim Jong Un and South Korea's refusal to join the U.S. war against Iran.
Exclusive
U.S. deporting Mexican migrants to Guatemala and Honduras, angering Mexico
The Trump administration has been quietly deporting migrants from Mexico to Central America, despite the Mexican government's willingness to accept the return of all its citizens.
Ukraine targets Moscow with drones as Russia threatens U.K. over support
Ukraine targets Moscow with a huge wave of drones as Russia warns the U.K. will pay a price for supplying Kyiv with long-range weapons.
USS Benfold went days without power in the South China Sea
The guided-missile destroyer USS Benfold spent four days without power last month after a problem with its engineering, according to a spokesperson for the Navy's 7th Fleet.
Entertainment
More Entertainment
Frank Beard, ZZ Top drummer, dies at age 77
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Panettiere was with on-and-off boyfriend when she died, police report says
Brian Hickerson and his brother, Zach, made the 911 call that brought first responders to the apartment where Hayden Panettiere was found unresponsive.
Madonna leads 2026 MTV VMAs with 11 nominations
Madonna leads all artists with 11 nominations at this year's MTV VMAs, and a full sweep would tie her with Beyoncé and Taylor Swift for the most VMA wins in history.
Nominees revealed for some VMA categories
"CBS Mornings" revealed the nominees for three categories at this year's VMAs, including artist of the year.
Top upcoming book to movie adaptations
Amazon Books editorial director Sarah Gelman joins "CBS Mornings" to discuss some of her favorite books coming to the big screen this year.
Technology
More Technology
Technology
OpenAI debuts ChatGPT for teens
OpenAI has launched a chatbot marketed for teens that the company says will provide stronger protections as concerns over AI safety increase. Axios Chief Technology Correspondent Ina Fried joins "The Takeout" to discuss.
Meta's federal trial begins over child social media addiction claims
The lawsuit accuses the social media giant of contributing to the youth mental health crisis by deliberately designing features that addict children to its platforms.
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.
Data centers, AI become midterm flashpoint
Artificial intelligence and the data centers powering the technology have become a flashpoint ahead of the 2026 midterm elections. Shira Ovide, a technology reporter for The Wall Street Journal, has more.
Discord suspends livestreams in Brazil amid backlash over girl's suicide
Popular American chat app Discord says it suspended livestreams in line with a Brazilian government order, amid fierce criticism over a 13-year-old girl's death.
Science
More Science
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Astronomy professor on how eclipses work
Janna Levin, professor of physics and astronomy at Barnard College, joins CBS News to discuss Wednesday's total solar eclipse.
Crime
More Crime
Crime
Details on Meta trial over addiction claims
Meta is standing trial over claims that it intentionally designed its products to be addictive and therefore harmful to children. Lance Ulanoff, editor-at-large at TechRadar, joins "The Daily Report" to discuss.
Clancy's former mother-in-law testifies
Lindsay Clancy's former mother-in-law, Susan Clancy, took the stand Tuesday to offer testimony as Lindsay Clancy stands on trial for the killings of her three children. CBS News' Shanelle Kaul has more.
Philadephia police hunting man in Chucky mask
Philadelphia police are searching for a man in a horror mask resembling Chucky the doll who has been terrorizing locals. Lilia Luciano has more.
Man on trial for suspected murder for hire
The alleged killer in the case of Jared Bridegan, a former Microsoft manager who prosecutors say was the victim of a murder for hire arranged by his ex-wife and her husband, is now on trial. Jason Allen has more.
Massive campus cocaine dealer arrested
A 24-year-old at Penn State University, described as the largest cocaine dealer on campus, has been arrested and charged. Meg Oliver has more.
Space
More Space
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Perseid meteor shower reaches peak viewing on Wednesday night
The Perseid meteor shower is the best viewing all year, according to NASA.
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Watch: Lawyer hits car outside courthouse
A lawyer attracted unwanted attention outside Boston Federal Court following Lawrence, Massachusetts, Mayor Brian DePeña's arraignment last Friday. The mayor's attorney rear-ended a parked vehicle while attempting to leave the area and remarked that he would bring bodyguards with him next time. Prosecutors allege DePeña improperly used more than $1.5 million in COVID small-business loans.
Crime in D.C. down to lowest level since 2010
A CBS News analysis finds crime in Washington, D.C., dropped to its lowest level since at least 2010 in the 12 months after President Trump declared a federal emergency and deployed the National Guard into the city. CBS News' Anna Schecter has more.
Oil prices rise as Iran war continues
Oil prices on Tuesday reached their highest level since July as the war in Iran drags on without an end in site. CBS News national security analyst Aaron MacLean has more.
DOJ sending 1,000 monitors to midterm polls
The head of the Justice Department's Civil Rights Division announced Monday that she's planning to deploy 1,000 federal monitors to polling places throughout the U.S. for the midterm elections. Jen Fifield, reporter for ProPublica, joins CBS News to discuss.
Details on Meta trial over addiction claims
Meta is standing trial over claims that it intentionally designed its products to be addictive and therefore harmful to children. Lance Ulanoff, editor-at-large at TechRadar, joins "The Daily Report" to discuss.