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.
Uar Bernard and Joshua Weru landed on the Philadelphia Eagles' practice squad one day after being waived on cutdown day.
Enter for the chance to win 4 tickets to see MAMMA MIA! at 7:30 p.m. on Sept. 29, at the Academy of Music, a $100 gift card to Leo inside the Kimmel Center and a MAMMA MIA! merch pack.
The School District of Philadelphia will have early dismissal for 52 schools on Tuesday due to hot weather.
Part of an apartment building in Gloucester County, New Jersey, collapsed early Monday after a massive fire, displacing a dozen residents.
Justin Smith was convicted of murder and other charges in the fatal shooting of his girlfriend, Dianna Brice, and the couple's unborn child in 2021.
Uar Bernard and Joshua Weru landed on the Philadelphia Eagles' practice squad one day after being waived on cutdown day.
The School District of Philadelphia will have early dismissal for 52 schools on Tuesday due to hot weather.
Part of an apartment building in Gloucester County, New Jersey, collapsed early Monday after a massive fire, displacing a dozen residents.
Justin Smith was convicted of murder and other charges in the fatal shooting of his girlfriend, Dianna Brice, and the couple's unborn child in 2021.
At just 9 years old, Tanya Sinha is already making her mark in the world of chess — but for her, winning is only part of the game.
The School District of Philadelphia will have early dismissal for 52 schools on Tuesday due to hot weather.
Justin Smith was convicted of murder and other charges in the fatal shooting of his girlfriend, Dianna Brice, and the couple's unborn child in 2021.
At just 9 years old, Tanya Sinha is already making her mark in the world of chess — but for her, winning is only part of the game.
Cyclists took over the streets of the city on Sunday for the Philadelphia Cycling Classic.
A Pennsylvania man died when he lost control of his motorcycle and crashed into another rider, police say.
Part of an apartment building in Gloucester County, New Jersey, collapsed early Monday after a massive fire, displacing a dozen residents.
Two people died and eight others were hurt in a shooting on Locust Street in Trenton early Sunday morning, officials say.
New Jersey Gov. Mikie Sherrill signed a law Friday making cocktails to-go permanent.
Seven New Jersey college students had to find a new place to live after heavy rain flooded their home near Rowan University this week.
Three AMC Theatres in the Philadelphia region are holding special screenings to celebrate the life and legacy of Dolly Parton.
After a rainy Thursday, the Philadelphia area will see a partly sunny and warm Friday with a few scattered showers and storms.
Thursday is a NEXT Weather Alert day with a round of showers and thunderstorms becoming more widespread from midday through the afternoon and evening.
Wednesday will be another beautiful late August day with dew points in the mid-50s and low 60s, so humidity will be nice and low.
Interactive exhibits and some artifacts dating back more than 100 years help detail the transformation of the Mother African Union Church.
Tuesday will be another beautiful day in the Philadelphia region with sunshine, low humidity and highs near 82 degrees.
After losing her mother, Sarah Kagan wants to change how employers deal with grief.
Pennsylvania health officials say two people who had measles died in the state, but Health Secretary Robert F. Kennedy Jr. is questioning that.
A Philadelphia police officer taking daraxonrasib for pancreatic cancer says the drug is giving her hope.
Pennsylvania has recorded its first two deaths connected to measles in 35 years.
The trial at Temple's Fox Chase Cancer Center is testing the experimental treatment in patients with myelofibrosis who aren't responding to traditional therapies.
New Jersey floral designer Alisha Simone Bell said she puts her "whole heart" into every arrangement and every detail.
On Tuesday, Pennsylvania took a major step in the fight against the negative impacts of social media, particularly on children.
Thieves are smashing windows and targeting trading card stores looking for valuable Pokémon cards, police in South Jersey say.
Customers lined up to support Somerdale Cold Cuts as it reopened after a copper theft.
While some assume landlords are required to provide air conditioning, the law is not nearly as clear-cut as it is for heat in the winter
For the first time in a decade, the Philadelphia Cycling Classic returns this weekend.
Beginning Sunday, several bus routes in Philadelphia are changing, including the addition of two new routes.
A deadly crash in Warminster is under investigation Sunday, police said.
PennDOT is advising drivers about an overnight closure on the Schuylkill Expressway westbound in West Philadelphia between 30th Street and the interchange with I-676 East.
Pennsylvania State Police are investigating two crashes, one of which was fatal, that happened hours apart on I-95 and I-76 in Philadelphia.
Uar Bernard and Joshua Weru landed on the Philadelphia Eagles' practice squad one day after being waived on cutdown day.
Cyclists took over the streets of the city on Sunday for the Philadelphia Cycling Classic.
Zack Wheeler allowed one run in six innings as the Philadelphia Phillies completed a three-game sweep with a 5-2 win over the Los Angeles Angels.
The Philadelphia Eagles' roster could change before the regular season opener vs. the Commanders, but here's who made the cut.
Kyle Schwarber hit a go-ahead RBI single and Trea Turner had a two-run single in a three-run 10th inning in the Philadelphia Phillies' victory Saturday.
"Sunday Morning" looks back at the astonishing career of the queen of country music, whose talent, warmth, wit, and philanthropy made her a genuine, once-in-a-generation luminary.
Three AMC Theatres in the Philadelphia region are holding special screenings to celebrate the life and legacy of Dolly Parton.
Stella Parton said her sister Dolly told her "that if there was no hope for her, she would still allow her medical team to try experimental drugs in the hope of helping others in the future."
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
Hosts Nicole Michalik and Patty Jackson react after country music icon Dolly Parton dies at age 80.
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.
Part of an apartment building in Gloucester County, New Jersey, collapsed early Monday after a massive fire, displacing a dozen residents. CBS News Philadelphia's Dan Snyder reports.
Before you open up that next message from your doctor, listen up. CBS News Philadelphia is In your Corner with a warning for thousands of patients. Scammers are now pretending to be healthcare providers. Consumer reporter Josh Sidorowicz has what you need to watch out for.
At just 9 years old, Tanya Sinha is already making her mark in the world of chess — but for her, winning is only part of the game. Wakisha Bailey reports.
Part of an apartment in Gloucester County, New Jersey, collapsed overnight into Monday after a massive fire tore through the building, displacing a dozen residents. Josh Sanders reports.
CBS Philadelphia executive producer Ashley Johnson was honored by Mother African Union Church on Sunday for our four-part series on the fire that destroyed the Wilmington church in May.