Buckle up, America: The Fed plans to ratchet up unemployment
Fed Chief Jerome Powell says curbing inflation will cause pain. Critics say putting millions out of work is unnecessary.
MoneyWatch
Latest News
Interest rates are surging. Why are savings accounts lagging?
Brick-and-mortar banks are paying rates that are far below the Federal funds rate. Here's why — and how to find a better rate.
Amy Cooper, "Central Park Karen," loses lawsuit over firing
The judge rejected Cooper's claims that she was unfairly fired from her job due to racism and sexism.
Stocks plunge, dragging Wall Street toward another down week
Central banks around the world are jacking up interest rates, raising concerns about a global recession.
Florida A&M students sue state, alleging racial bias in funding
Historically Black college accuses Florida officials of discriminating against the school based on race.
Two companies fined for selling pesticides as COVID-19 killers
Zoono Microbe Shield was marketed as protecting against COVID-19 but is only effective against bacteria, fungi and mold, EPA said.
Consequences for unruly airline passengers may not be steep
A few unruly passengers have gotten sentences and large fines, but that's not the norm for disruptive behavior in the skies.
Feds say $45.6 billion in pandemic jobless aid was likely stolen
Government probe shows scammers used the Social Security numbers of more than 200,000 dead people to claim jobless benefits.
Streaming wars: The fight for viewers
An explosion of streaming services, apps and platforms is delivering more television content to more people than ever before. But more choices for subscribers means more challenges for streamers (and more commercials).
Managing Your Money
More
Why mortgage refinancing may still be right for you
Some homeowners can still save money with a refinance, even in the current rate environment.
Can you borrow money from your 401(k)?
There are many things to consider before you take out a loan from your 401(k).
How to qualify for life insurance
Life insurance eligibility depends on your lifestyle, health, finances, and more. Here's what to know.
Money Tech
Mark Zuckerberg's net worth has dropped $71 billion this year
Once the world's third-richest man, he's been knocked off his perch by the stock market slump and Meta's troubles.
Uber dealing with "cybersecurity incident" after hacker appears to breach system
There was no indication that Uber's fleet of vehicles or its operation was in any way affected.
Ethereum's "Merge" is live — here's what you need to know
Crypto enthusiasts say a shift in how ethereum — the second-most popular blockchain — works will revolutionize digital currencies.
California sues Amazon, alleging its dominance pushes up prices
Lawsuit claims the retail giant forces sellers to keep their prices high in order to use its platform.
Twitter had "no locks on the doors," whistleblower tells Senate
Twitter's former security chief, Peiter Zatko, said the tech giant is a "decade behind" in protecting user safety.
United Airlines sees future for flying electric taxis
Carrier is investing $15 million in a maker of electric vertical take-off and landing vehicles.
Twitter is finally testing out an edit button
Twitter said the feature will later expand to Twitter Blue subscribers, which means you'll have to pay to use the edit button.
California lawmakers OK bills to curtail social media
"The online world has created tremendous opportunities, but also real and proximate threats," said one legislator.
Google bars downloads of Truth Social over violent content
About 4 in 10 mobile phones use Google's Android platform, which may keep millions from joining Donald Trump's service.
Latest News
Secretary of State Blinken on Putin and preventing nuclear war
The secretary of state told 60 Minutes the "Achilles' heel" of autocracies is that there usually isn't "anyone who has the capacity or the will to speak truth to power."
Antony Blinken on President Biden's Taiwan remarks
Last week President Biden told 60 Minutes U.S. forces would defend Taiwan from a Chinese invasion. The White House later said that was not official policy.
Battleground Tracker: GOP House lead shrinks again as voters see high-stakes contest
Voters say rights and freedoms are on the ballot, along with finances and the economy.
Ian to begin "rapidly strengthening," could hit Florida as major hurricane
Florida Gov. Ron DeSantis has declared a state of emergency for the whole state, which is at risk of seeing major flash flooding.
Zelenskyy says Putin's nuclear threats "could be a reality"
"Maybe yesterday it was a bluff. Now, it could be a reality," Zelenskyy said on "Face the Nation."
Wynonna Judd on processing Naomi Judd's death, looking beyond feeling "incredibly angry"
In her first interview since the death last spring of her mother, Wynonna Judd talks about anger, grief, and her determination to forge ahead on a Judds tour announced only weeks before her mom died.
Florida prosecutors to begin rebuttal in penalty trial of Parkland shooter
Prosecutors in the penalty trial of Florida school shooter Nikolas Cruz are about to begin their rebuttal case.
U.S. sanctions Iran's morality police
Secretary of State Antony Blinken: For sanctions to be lifted, "Iran knows very well what it needs to do."
Disappearance of Ala. college grad tied to man who killed parents as a boy
In 1993, when he was 12 years old, Rick Ennis murdered his parents. But did he kill Lori Ann Slesinski?
Small Business
More
Abortion pill startup sells meds to women who aren't pregnant
Company says giving patients abortion pills before they're needed provides "peace of mind."
Community aids in Filipino food truck's pandemic rebound
Owner encourages customers to "give a high five" to local businesses raising prices. "It means a lot."
Small business faces big challenges: Inflation and 18-hour days
"Would you be comfortable paying $36 for a hamburger? That's kind of what it's worth," says restaurant owner Jenna Petersiel.
For small businesses, looming recession brings uncertainty
But Jessica Johnson-Cope, CEO of a family-owned security services company, remains optimistic even as the U.S. economy darkens.
Want to cool off in a swimming pool? There's an app for that
Swimply lets private pool owners rent them by the hour, while helping people beat the heat.
Retirement
More
Dems propose raising taxes on high earners to preserve Medicare
Sens. Joe Manchin and Chuck Schumer craft a scaled-back version of the economic package thwarted by Manchin last year.
A common retirement strategy can erode your savings: watchdog
Workers who move 401(k)s into IRAs can lose significant money to a choice they didn't have to make, new analysis shows.
How can you financially prepare for a recession?
"The quicker you move, the more agency you have in reducing the impact of a recession," one expert says.
Stock drop has erased $3 trillion in retirement savings this year
With Americans' nest eggs mostly held in 401(k)s and IRAs, the swoon could force many to delay their retirement.
Social Security bill would give seniors an extra $2,400 a year
Some lawmakers want to revise the retirement program to shore up its funding and boost benefits for its 69 million recipients.
U.S.
More U.S.
Liz Cheney: "If [Trump] is the nominee, I won't be a Republican."
Rep. Cheney lost her primary race to Trump-backed challenger Harriet Hageman last month.
Rihanna to headline Super Bowl halftime show
The Super Bowl will take place at State Farm Stadium in Glendale, Arizona, on Feb. 12.
Harris heads to Japan for slain former prime minister Shinzo Abe's funeral
The vice president will lead the U.S. delegation at Tuesday's memorial for Abe, the former Japanese leader who was fatally shot in July.
Full transcript of "Face the Nation" on Sept. 18, 2022
On this "Face the Nation" broadcast, Ukrainian President Volodymyr Zelenskyy and national security adviser Jake Sullivan joined Margaret Brennan.
Florida prosecutors to begin rebuttal in penalty trial of Parkland shooter
Prosecutors in the penalty trial of Florida school shooter Nikolas Cruz are about to begin their rebuttal case.
MoneyWatch
More MoneyWatch
Streaming wars: The fight for viewers
An explosion of streaming services, apps and platforms is delivering more television content to more people than ever before. But more choices for subscribers means more challenges for streamers (and more commercials).
Mexico draws young American professionals working remotely
According to data from the U.S. Department of State, there are over 1.6 million U.S. citizens living in Mexico.
Recession fears mount as stocks fall sharply
"It is very likely that we are going to have a recession," said UC Berkeley economist James Wilcox.
Buckle up, America: The Fed plans to sharply boost unemployment
Fed Chief Jerome Powell says curbing inflation will cause pain. Critics say putting millions out of work is unnecessary.
Florida A&M students sue state, alleging racial bias in funding
Historically Black college accuses Florida officials of discriminating against the school based on race.
Politics
More Politics
Liz Cheney: "If [Trump] is the nominee, I won't be a Republican."
Rep. Cheney lost her primary race to Trump-backed challenger Harriet Hageman last month.
Harris heads to Japan for slain former prime minister Shinzo Abe's funeral
The vice president will lead the U.S. delegation at Tuesday's memorial for Abe, the former Japanese leader who was fatally shot in July.
Full transcript of "Face the Nation" on Sept. 18, 2022
On this "Face the Nation" broadcast, Ukrainian President Volodymyr Zelenskyy and national security adviser Jake Sullivan joined Margaret Brennan.
Transcript: Rep. Pete Aguilar on "Face the Nation"
The following is a transcript of an interview with Democratic Rep. Pete Aguilar of California that aired Sunday, Sept. 25, 2022, on "Face the Nation."
Transcript: Atlanta Fed CEO Raphael Bostic on "Face the Nation"
The following is a transcript of an interview with Atlanta Fed's Raphael Bostic that aired Sunday, Sept. 25, 2022, on "Face the Nation."
Health
More Health
Arizona can enforce near-total abortion ban, judge rules
The judge lifted a decades-old injunction that has long blocked enforcement of the law, on the books since before Arizona became a state, that bans nearly all abortions.
CDC says some nursing homes and hospitals no longer need to require universal masking
Masking is now urged only in communities seeing "high" transmission of the virus.
Suicide attempts among teen girls increased 50% during pandemic, CDC finds
It's "absolutely" OK to talk with your child about suicide, a family therapist said.
Teen girls' mental health worsened amid pandemic
The number of teenage girls who have been suicidal has increased 50% since 2019, according to the Centers for Disease Control and Prevention. A family therapist says it's "absolutely" OK for parents to talk with their children about suicide and shares some warning signs. Meg Oliver has more.
Two companies fined for selling pesticides as COVID-19 killers
Zoono Microbe Shield was marketed as protecting against COVID-19 but is only effective against bacteria, fungi and mold, EPA said.
World
More World
Body found as Canada struggles to restore power after storm
Fiona was blamed for at least five deaths in the Caribbean, and one death in Canada.
Harris heads to Japan for slain former prime minister Shinzo Abe's funeral
The vice president will lead the U.S. delegation at Tuesday's memorial for Abe, the former Japanese leader who was fatally shot in July.
Sullivan says Putin's moves show Russia is "struggling badly" in Ukraine
"What Putin has done is not exactly a sign of strength or confidence," Sullivan said.
Zelenskyy says Putin's nuclear threats "could be a reality"
"Maybe yesterday it was a bluff. Now, it could be a reality," Zelenskyy said on "Face the Nation."
Full transcript: Ukrainian President Volodymyr Zelenskyy on "Face the Nation"
The following is the full transcript of an interview with Ukrainian President Volodymyr Zelenskyy that aired Sunday, Sept. 25, 2022, on "Face the Nation."
Entertainment
More Entertainment
Rihanna to headline Super Bowl halftime show
The Super Bowl will take place at State Farm Stadium in Glendale, Arizona, on Feb. 12.
Sigourney Weaver on what makes creativity thrive
In this web exclusive, actress Sigourney Weaver talks with "Sunday Morning" anchor Jane Pauley about why she didn't expect to succeed in the business, and about the kind of atmosphere in which actors can do their best work.
Coming soon: New movies, music, TV and more
"Sunday Morning" previews some of this fall's most anticipated new films, albums, TV and streaming choices, as well as books and art exhibitions.
Sigourney Weaver on confounding others' expectations
With four movies debuting this fall, the three-time Academy Award-nominee seems to have found the secret of Hollywood longevity. One lesson learned by the former drama school student? "Don't believe what your teachers tell you."
Sigourney Weaver on her unpredictable career
With more than 60 film credits (including four movies debuting this fall), Sigourney Weaver seems to have found her place, and at her own steady pace. The three-time Academy Award-nominee talks with "Sunday Morning" anchor Jane Pauley about the lesson she learned from attending Yale's School of Drama; her launch into stardom as Ripley in the "Alien" franchise; and the secret of her Hollywood longevity.
Technology
More Technology
Technology
Ford looking to turn gas-powered cars electric
Ford's pickup trucks are the stuff of legend, but a new conversion kit called the Eluminator can turn a 45-year-old F100 into a fully electric vehicle with even more power than the original engine. Kris Van Cleave has more.
TikTok to ban campaign fundraising, require verification for political accounts
TikTok, which already bans political advertising, will now also ban campaign fundraising.
Smart home security tips for personal and cyber protection
ZDNet Editor-in-Chief Jason Hiner explains best practices for setup and success of smart home security systems.
NASA copes with hydrogen leak, fuels Artemis moon rocket in critical test
Engineers are reviewing test data to determine if NASA can press ahead toward a September 27 launch target.
Data breaches raise cybersecurity concerns
Recent data breaches at American Airlines and Uber have raised concerns that consumer data is increasingly vulnerable to hacking attempts. Lindsay Gorman, a senior fellow for emerging technologies at the Alliance for Securing Democracy, discussed what customers should be concerned about if their data was compromised.
Science
More Science
"Once-in-a-lifetime" Tonga volcano blast could warm the Earth
The watery blast from the volcano was huge and unusual — and scientists are still trying to understand its impacts.
Hot gas bubble spinning at "mind blowing" speeds around black hole
The ALMA radio telescope in Chile's Andes mountains picked up something "really puzzling" in the Sagittarius A* data, scientists said.
U.K. lifts ban on fracking in England despite opposition
The Conservative Party, which is still in power under new leadership, had vowed never to re-allow the controversial gas extraction practice unless it was proven safe.
Fetuses apparently like carrots, but kale? Not so much, ultrasounds show
One researcher says the findings suggest "repeated exposure to flavors before birth could help to establish food preferences post-birth" and help shape healthy eating.
James Webb telescope captures new image of Neptune
The James Webb Space Telescope captured an image of Neptune and its thin rings in the sharpest view of the planet in decades.
Crime
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Crime
Russia holds referendums in occupied Ukraine
Russian election officials accompanied by soldiers were seen going door-to-door in occupied eastern Ukrainian territories looking for voters who support annexation. Meanwhile, protests continue in Russia as many flee to avoid being called up for military service. Debora Patta has more.
Disappearance of Ala. college grad tied to man who killed parents as a boy
In 1993, when he was 12 years old, Rick Ennis murdered his parents. But did he kill Lori Ann Slesinski?
Officials seize over 1 million fentanyl pills
Authorities in Arizona seized nearly 1 million fentanyl pills this week, while Colorado officials arrested a man after discovering 90,000 fentanyl pills in his car. Danya Bacchus has the latest on the nation's opioid crisis.
Evidence in the Lori Slesinski murder case
Inside the mysterious disappearance of Lori Slesinski and the trial of Rick Ennis, a man with a criminal past, accused of her murder.
Ex-Nevada deputy attorney general indicted on murder charge in cold case
A Hawaii grand jury has indicted a former deputy Nevada attorney general on charges of second-degree murder in connection with a 50-year-old cold case.
Space
More Space
Possible hurricane poses threat to NASA's Artemis moon launch plans
NASA aims for Tuesday launch of oft-delayed Space Launch System rocket, but forecasters are 80% no-go.
Asteroid-smashing spacecraft is just days away from hitting its target
Monday will be a monumental day for the "history of humankind" as a high-speed spacecraft smashes into an asteroid at nearly 15,000 mph.
Hot gas bubble spinning at "mind blowing" speeds around black hole
The ALMA radio telescope in Chile's Andes mountains picked up something "really puzzling" in the Sagittarius A* data, scientists said.
NASA copes with hydrogen leak, fuels Artemis moon rocket in critical test
Engineers are reviewing test data to determine if NASA can press ahead toward a September 27 launch target.
NASA astronaut takes off on Russian rocket
Frank Rubio's Soyuz launch is NASA's first under an agreement that also calls for cosmonaut launches on SpaceX ferry ships.
Latest Galleries
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Evidence in the Lori Slesinski murder case
Inside the mysterious disappearance of Lori Slesinski and the trial of Rick Ennis, a man with a criminal past, accused of her murder.
King Charles III through the years
In September 2022, at age 73, the eldest son of Queen Elizabeth II ascended to the British throne.
Britain lays Queen Elizabeth II to rest
Royals, heads of state and mourners gather to honor Britain's longest-reigning monarch.
How rich is the British royal family?
The royal family owns a lot more than you might think — and it's not just castles and property, either.
Evidence photos in the shooting of Lauren Kanarek
An inside look into the case of Lauren Kanarek who was shot by her horse trainer, the former Olympian Michael Barisone.
Latest Videos
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Latest Videos
9/25/2022: The Secretary of State, Inside the Committee, Rescuing Reefs
Secretary of State Blinken tells Scott Pelley about the challenges facing the U.S. around the world; Former GOP Rep. Denver Riggleman says there is “irrefutable” proof of a plot to overturn the 2020 presidential election; Rescuing the world’s coral reefs.
An update on supersonic flight
In this week's "Last Minute," Bill Whitaker has news on the race to develop a new generation of supersonic passenger jets.
Rescuing the world’s coral reefs
Anderson Cooper reports from Florida, where marine biologists are fighting to rebuild endangered reefs.
Denver Riggleman: The 60 Minutes Interview
Former GOP Rep. Denver Riggleman says there is “irrefutable” proof of a plot to overturn the 2020 presidential election.
Antony Blinken: The 2022 60 Minutes Interview
Secretary of State Blinken tells Scott Pelley about the challenges facing the U.S. around the world.