Trump Admin Promises To Retain Federal Reserve's Independence
President Donald Trump's top economic policymakers insisted Sunday that the robust growth marked in the April-June quarter will maintain its pace.
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President Donald Trump's top economic policymakers insisted Sunday that the robust growth marked in the April-June quarter will maintain its pace.
The news of a second summit comes as the White House is still trying to clarify what was said at the first meeting.
Americans increased their borrowing in May at the fastest pace in a year and a half, boosted by a big increase in credit card borrowing.
With the Federal Reserve announcing it's raising interest rates and the Supreme Court ruling states can impose sales tax on more online purchases, what does this mean for your wallet?
If you're like most Americans, you're probably carrying some credit card debt.
Officials said a generator on the roof caused a fire in a chimney.
The Federal Reserve is raising interest rates after seven years of record lows. But it's signaling that further rate hikes will likely be made slowly as the economy strengthens further and muted inflation rises.
Some Twitter accounts for the New York Post and UPI, as well as the news agency's website, were briefly hacked Friday.
The Senate has easily approved Brooklyn native Janet Yellen's nomination to head the Federal Reserve.
Yellen graduated from Brown and Yale and taught at Harvard, but Brooklyn Borough President Marty Markowitz said her trajectory to success began before she ever arrived as those distinguished institutions.
Federal prosecutors said the Bangladesh native was in the process of trying to detonate what he thought was a 1,000-pound bomb packed into a van parked on Liberty Street near the building.
The stock market closed at a record high after Federal Reserve Chairman Ben Bernanke said the central bank would continue to support the U.S. economy.
The book centers around the Federal Reserve. If you think the Fed, isn't interesting fodder for a thriller, check this book out to see just how wrong you are.
Quazi Mohammad Rezwanul Ahsan Nafis, 21, apologized, saying " I no longer support violent Jihad. I deeply and sincerely regret my involvement with this case."
A continued economic recovery for 2013 has been forecast for Connecticut by a Federal Reserve Bank economist who spoke to businesspeople in Stamford Friday.
Quazi Mohammad Rezwanul Ahsan Nafis is charged with attempting to use a weapon of mass destruction and attempting to provide material support to a foreign terrorist organization.
Just who is Quazi Mohammad Rezwanul Ahsan Nafis, the suspect in the bomb plot targeting the Federal Reserve Bank in Lower Manhattan? Prosecutors said he formed his plan to attack the U.S. even before he left Bangladesh.
Quazi Mohammad Rezwanul Ahsan Nafis was arrested Wednesday in an FBI sting operation. A criminal complaint said he made several attempts to blow up a fake 1,000-pound the bomb inside a vehicle parked next to the Federal Reserve.
Quazi Nafis was arrested by the FBI Wednesday after making several attempts to detonate a fake 1,000-pound bomb inside a vehicle parked next to the Federal Reserve on Liberty Street, according to a criminal complaint.
Sources said officials want to question several people, including a co-conspirator Nafis talked to about the plot. That person was arrested Wednesday in San Diego on unrelated child porn charges.
Schumer said the student visa Nafis obtained from a Missouri university is legitimate, but said his quick transfer to a university in the city should have raised a red flag.
Bloomberg said this incident should remind New Yorkers to not become complacent.
According to a federal complaint, Quazi Nafis was aware a bomb planted outside the Federal Reserve Bank would likely cause the deaths of many people, including women and children.
Quazi Mohammad Rezwanul Ahsan Nafis is charged with attempting to use a weapon of mass destruction. He is currently being held without bail and, if convicted, faces life in prison.
While giving the FBI and other law enforcement agencies credit for thwarting a bomb plot against the Federal Reserve Bank in Lower Manhattan, New York City Police Commissioner Ray Kelly said the threat of terrorism will be "with us for a long time."
The New Jersey Democrat says it's time to make seat belts on school buses a national standard, instead of leaving it up to states.
"Today" show co-host Savannah Guthrie issued a plea for the public's help on Monday at what she called "an hour of desperation" in the search for her mother, Nancy.
Former New York City Mayor Eric Adams agreed to pay thousands of dollars as a penalty for a campaign stunt at one of his official City Hall press conferences.
Riders on NJ Transit should still expect delays as rail services resume after two lines were suspended in and out of Penn Station Monday. An engineer was hurt after a piece of debris from overhead wire infrastructure hit a train.
Construction on the $16 billion Gateway Tunnel Project remained paused Monday morning despite a federal judge temporarily blocking the freezing of funds by the Trump administration.
Former New York City Mayor Eric Adams agreed to pay thousands of dollars as a penalty for a campaign stunt at one of his official City Hall press conferences.
Riders on NJ Transit should still expect delays as rail services resume after two lines were suspended in and out of Penn Station Monday. An engineer was hurt after a piece of debris from overhead wire infrastructure hit a train.
Construction on the $16 billion Gateway Tunnel Project remained paused Monday morning despite a federal judge temporarily blocking the freezing of funds by the Trump administration.
The longest and largest nurses strike in New York City history is set to end after over three weeks as NYSNA says it has a tentative agreement.
Eighteen people have died as of Monday during the brutal cold weather in New York City, said Mayor Zohran Mamdani. The mayor announced efforts to expand access to shelters and warming centers.
A Cold Weather Advisory is in place through 10 a.m. on Monday for the entire Tri-State Area. As a result, a First Alert Weather Day will be in play for at least part of the day.
A Connecticut man was arrested after allegedly driving drunk in the Bronx and hitting pedestrians on a sidewalk Friday.
Parts of New York and Connecticut could see snow Friday into Saturday. A First Alert Weather Day is in effect for the weekend due to dangerously cold temperatures.
Bundle up — New York City and the Tri-State Area's stretch of dangerously cold weather continues, and it's sticking around longer than anyone would like.
New York, New Jersey and Connecticut were pivotal during America's birth. This year, as the nation celebrates its 250th birthday, CBS News New York is highlighting the hidden history in our own back yard.
The New Jersey Democrat says it's time to make seat belts on school buses a national standard, instead of leaving it up to states.
Riders on NJ Transit should still expect delays as rail services resume after two lines were suspended in and out of Penn Station Monday. An engineer was hurt after a piece of debris from overhead wire infrastructure hit a train.
Construction on the $16 billion Gateway Tunnel Project remained paused Monday morning despite a federal judge temporarily blocking the freezing of funds by the Trump administration.
A Cold Weather Advisory is in place through 10 a.m. on Monday for the entire Tri-State Area. As a result, a First Alert Weather Day will be in play for at least part of the day.
New York City and the Tri-State Area are preparing for what is expected to be the coldest weather of the season so far this weekend.
A Cold Weather Advisory is in place through 10 a.m. on Monday for the entire Tri-State Area. As a result, a First Alert Weather Day will be in play for at least part of the day.
A Long Island man accused of driving drunk and killing a Nassau County police officer appeared in court Friday. Matthew Smith entered a not guilty plea.
The entire Tri-State Area will be under an Extreme Cold Warning as dangerously cold temperatures settle in, along with some snow.
The goal is to get patients drunk and high at a new research lab on the border of Nassau County and Queens.
The Patchogue-Medford School District said in a letter that the Suffolk County Department of Health alerted them about an infectious person in the school community.
The New Jersey Democrat says it's time to make seat belts on school buses a national standard, instead of leaving it up to states.
Former New York City Mayor Eric Adams agreed to pay thousands of dollars as a penalty for a campaign stunt at one of his official City Hall press conferences.
Construction on the $16 billion Gateway Tunnel Project remained paused Monday morning despite a federal judge temporarily blocking the freezing of funds by the Trump administration.
Ghislaine Maxwell's lawyer said she would be willing to cooperate with a House panel's probe if President Trump grants her clemency, and would testify that he is "innocent of any wrongdoing."
The official DHS statistics, which had not been previously reported, provide the most detailed look yet into who ICE has arrested during the Trump administration's crackdown.
The longest and largest nurses strike in New York City history is set to end after over three weeks as NYSNA says it has a tentative agreement.
Mount Sinai Health System and Anthem Blue Cross Blue Shield failed to reach a contract agreement by Dec. 31, which means about 9,000 physicians are no longer considered in-network.
Brooklyn's Green-Wood Cemetery is set to become the first on the East Coast to offer human composting.
The goal is to get patients drunk and high at a new research lab on the border of Nassau County and Queens.
The Patchogue-Medford School District said in a letter that the Suffolk County Department of Health alerted them about an infectious person in the school community.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
Two-for-one tickets are returning for New York City's Off-Broadway Week.
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Team USA defended its Olympic figure skating team event gold medal on Sunday after Ilia "Quad God" ushered the team to victory at the Milan Cortina 2026 Winter Olympics.
The Seattle Seahawks defeated the New England Patriots Sunday to win the 2026 Super Bowl.
NYU stands alone atop the NCAA Division III women's basketball record book with 82 consecutive victories.
Jalen Brunson scored 31 points and Josh Hart added 19 to help the New York Knicks beat the cold-shooting Boston Celtics 111-89 on Sunday.
After their building managers were arrested on fraud charges, tenants in Queens say their apartments were left in chaos.
Harlem's Schomburg Center for Research in Black Culture centennial anniversary began last year, and 2026 marks 100 years since the library became owner of its namesake's personal collection, making it a full-fledged research center.
Brooklyn's Green-Wood Cemetery is set to become the first on the East Coast to offer human composting.
Dozens of middle school girls celebrated National Girls and Women in Sports Day at the Brooklyn Basketball Training Center on Wednesday.
A group of senior dancers aged 70 and up shine on stage at the Korean Community Services' center in Queens. They practice in Flushing twice a week and perform at events citywide.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Mayor Zohran Mamdani and other NYC leaders attended a ribbon-cutting ceremony at the brand new recreation center in East Flatbush.
Mayor Zohran Mamdani and other NYC leaders attended a ribbon-cutting ceremony at the brand new recreation center in East Flatbush.
The New York State Nurses Association (NYSNA) says it has reached a tentative contract agreement with Mount Sinai Hospital, Mount Sinai Morningside, Mount Sinai West and Montefiore Einstein hospitals. NewYork-Presbyterian said it too had accepted a proposal, but sources told CBS News New York NYSNA has not yet reached an agreement with NewYork-Presbyterian. CBS News New York's Lisa Rozner reports.
Rail services resumed after wire issues caused lines in and out of Penn Station to be suspended. Officials said riders should still expect delays. CBS News New York's Vanessa Murdock reports.
It's a sunny afternoon with temperatures climbing into the upper 20s. But it's still colder than it should be. CBS News New York Meteorologist Tony Sadiku has the afternoon forecast.
