Alan Greenspan, Fed chair under 4 U.S. presidents, dies at age 100
Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
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Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
After three rate cuts last year, the Federal Reserve is expected to hold interest rates steady, making a formal announcement at 2 p.m. Wednesday. The rate staying constant means borrowing costs for things like mortgages and credit cards aren't dropping yet, but your savings can earn you more. Josh Sanders has the latest from the Pulse Desk.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
Federal Reserve Chair Jerome Powell said he's facing a federal criminal investigation. While Powell said the DOJ probe is tied to testimony he gave last summer over a renovations project for Fed buildings, he said a in a video released Sunday that "the threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president."
Bitcoin has erased all of its 2025 gains and is on track for its worst monthly performance since 2022. Here's what experts say about the decline.
The Federal Reserve announced its second interest-rate cut of 2025 Wednesday, lowering its benchmark rate by 0.25 percentage points.
The Federal Reserve is slated to meet to consider another rate cut. It comes even as a near-total blackout of federal economic data continues with the government shutdown. Hear more on how a rate cut could impact your money on our new CBS News Philadelphia In Your Corner podcast.
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
Federal Reserve Chairman Jerome Powell warned this week that President Trump's tariff plan could cause higher unemployment, inflation and a potential economic slowdown. Jim Donovan has your latest morning headlines with weather from Meteorologist Grant Gilmore.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Federal Reserve is leaving its benchmark interest rate unchanged as investors look for signals that a cut is imminent.
The Fed left its benchmark interest rate unchanged amid persistent inflation. Bankers are predicting three rate cuts later this year.
The Fed is meeting today to decide whether to again raise rates as it battle inflation. Here's what it means for interest rates and mortgages.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
After raising rates from zero to 5% in 15 months, the central bank is pausing to assess the economic impact of monetary tightening.
The Federal Reserve is hitting the pause button on interest rates, thanks in part, to the latest inflation numbers from May. Jessica Kartalija reports. READ MORE: https://cbsloc.al/3qGC22S
President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
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 U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
Because inflation is easing, Fed is increasing rates at slower pace. But borrowing will still be more expensive.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
On today's show, Matt discussed Jill Stein's failed recount effort in PA, Trump's reaffirmed victory in Wisconsin, and whether or not you're obligated to tip around the holidays. At 4pm retired secret service agent Robert Caltabiano joined the show to discuss potential Russian hacking of US political institutions. At 5:30pm author and Forbes contributor Chris Versace checked in to tell us what we can expect from the market before the years end.
City councilmembers in Wilmington, Delaware, want Kadir Skinner's family to be able to review bodycam footage within the next 72 hours.
The Philadelphia Flyers and 2020 first-round pick Tyson Foerster agreed to an eight-year contract extension Wednesday.
The Philadelphia Flyers on July 1 signed goaltender Dan Vladar to a five-year, $27.5 million contract extension.
About 50 people from the Bonner-Prendie community is heading to the Tigers-Yankees game Wednesday to see alum Kevin McGonigle.
Wawa's annual Hoagie Day returned Wednesday, with the company serving 30,000 hoagies outside the National Constitution Center.
A dangerous heat wave is underway in Philadelphia and the surrounding suburbs this week, where each day temps could surpass 100 degrees.
City councilmembers in Wilmington, Delaware, want Kadir Skinner's family to be able to review bodycam footage within the next 72 hours.
The Philadelphia Flyers and 2020 first-round pick Tyson Foerster agreed to an eight-year contract extension Wednesday.
The Philadelphia Flyers on July 1 signed goaltender Dan Vladar to a five-year, $27.5 million contract extension.
Wednesday will be Day 3 of the heat wave in the Philadelphia region as an extreme heat warning goes into effect at noon.
The Philadelphia Flyers and 2020 first-round pick Tyson Foerster agreed to an eight-year contract extension Wednesday.
The Philadelphia Flyers on July 1 signed goaltender Dan Vladar to a five-year, $27.5 million contract extension.
Wawa's annual Hoagie Day returned Wednesday, with the company serving 30,000 hoagies outside the National Constitution Center.
On the In Your Corner podcast, All the Wealth podcast host Mical Jeanlys-White said you do not need hours to get back on track.
A major rail junction is impassable in Philadelphia and there are suspensions and delays on several routes Wednesday.
The annual 3% increase affects trains, buses, light rail and the Access Link. It comes as commuters have been dealing with service issues.
A car went up in flames after crashing into a building along NJ 47/Delsea Drive in Vineland, New Jersey, around 1 a.m. Monday.
Aiden Logrande, 19, was arrested in connection with two vehicle arsons and multiple acts of criminal mischief in Washington Township, police said.
Police said a girl was shot and two boys were hit by a car after shots were fired outside a graduation party in Deerfield Township, Cumberland County.
Table to Table is on a mission to make sure nothing goes to waste at 2026 FIFA Men's World Cup celebrations in New Jersey.
City councilmembers in Wilmington, Delaware, want Kadir Skinner's family to be able to review bodycam footage within the next 72 hours.
Delaware Sen. Chris Coons was injured in a crash that involved several vehicles in Sussex County Sunday afternoon, he announced on social media.
Police say a 19-year-old pointed a gun at a crowd and then fled from police, and an officer shot him during a foot pursuit.
Prosecutors allege John Wallace-Bey got into an argument with two co-workers, left work and later came back and shot them.
A man from New Jersey was charged after he allegedly hit and killed two teen pedestrians in Townsend, Delaware, over the weekend.
Hospitals in the Philadelphia region are gearing up for an expected increase in patients with heat-related illnesses.
Philadelphia will declare a heat health emergency when the heat index reaches 100, which is expected on Wednesday.
At Jefferson Moss-Magee Rehabilitation Center, dogs are being used to help aphasia patients.
Janaylon Wright's cancer symptoms were overlooked for months. Her story, featured in a new report, reflects broader disparities in cancer care.
Vets emphasize that marijuana edibles often contain other highly poisonous ingredients like chocolate or artificial sweeteners, which can worsen the toxicity for dogs.
Target is voluntarily recalling two types of baby wipes due to concerns that the products may be contaminated with bacteria that may cause "serious and life-threatening infections," the U.S. Food and Drug Administration said on Friday.
The Pennsylvania Liquor Control Board says it will begin approving the extended-hours permits for Philadelphia businesses within the next week.
Two top-rated and critically acclaimed restaurants in the Philadelphia area are receiving a new honor.
Sportswear brand Mitchell & Ness is opening a new three-story flagship store in Center City Philadelphia.
Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas' Golden Nugget and chains like Rainforest Cafe and Morton's.
A major rail junction is impassable in Philadelphia and there are suspensions and delays on several routes Wednesday.
Three men died in a plane crash in Maryland Saturday night, police said.
Organizers say they want the FIFA Fan Festival in Philadelphia to be "soccer Coachella" for fans from around the world.
SEPTA and its police union have tentatively agreed to a new contract, averting a strike during a busy summer in Philadelphia.
Traffic is backed up on I-95 North in Philadelphia because of a crash near East Allegheny Avenue.
The Philadelphia Flyers and 2020 first-round pick Tyson Foerster agreed to an eight-year contract extension Wednesday.
The Philadelphia Flyers on July 1 signed goaltender Dan Vladar to a five-year, $27.5 million contract extension.
About 50 people from the Bonner-Prendie community is heading to the Tigers-Yankees game Wednesday to see alum Kevin McGonigle.
The Philadelphia 76ers have agreed to terms with forward Dean Wade on a four-year, $39 million deal Tuesday night, according to a report.
Cristopher Sánchez returned to form after a couple of shaky outings, allowing only three hits in seven innings as the Philadelphia Phillies beat the Pittsburgh Pirates 8-0.
Victor Willis, lead singer of the disco group Village People, whose hit "Y.M.C.A." became a fixture at rallies for President Trump, has died at the age of 74, his wife and the band said.
There appear to be new clues about the location of Taylor Swift and Travis Kelce's wedding.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
Over 80 costumes by award-winning costume designer Ruth E. Carter are on display at the African American Museum in Philadelphia.
Brazilian fans visiting Philadelphia for the World Cup are avoiding dressing the Rocky statue in their team colors.
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
Middle school students in Philadelphia got the opportunity to do hands-on learning during the school district's five-day career and technical camp.
With her Girl Talk mentoring program, one Philadelphia teen turned her camp days into a safe space to discuss social issues young girls face every day.
Recent high school graduate Sylvain Farrell says his temporary position at a local clinic is the pathway to a full-time career.
A Philadelphia student won an award from NFL Films for his documentary on bringing back sports teams at his Kensington school.
A group of East Norriton eighth graders took what started as an Earth Day project and made a whole initiative.
Dangerous heat is building in the Philadelphia area this week, with feels-like temperatures reaching the triple digits on Wednesday afternoon and overnight lows near 80 degrees. NEXT Weather Meteorologist Kate Bilo has the latest forecast.
Whether it's a 401(k) mistake costing you thousands or a debt situation that's getting you down, July is a great time for a mid-year money reset. In this preview of the In Your Corner podcast, Josh Sidorowicz chats with Mical Jeanlys-White of Wealthmore for tips to give your finances a checkup.
A car flipped over in the middle of a block in the Holmesburg neighborhood of Northeast Philadelphia after a pursuit involving Pennsylvania State Police.
Once the longest suspension bridge in the world, the Ben Franklin Bridge is turning 100 years old. Millions have journeyed across it since it opened July 1, 1926, connecting Philadelphia and Camden. Joe Holden reports.
Wawa workers kicked off July with a massive effort to prepare thousands of Shorti hoagies for local charities and the public to grab for free. Wakisha Bailey is live from the National Constitution Center: homebase for the hoagie haul.