Wall Street's Shadow Market
Steve Kroft lifts the veil on credit default swaps -- the private, under-regulated and poorly understood investments that helped decimate the economy. How and why did Wall Street make such a risky bet?
Credit Default Swaps
Credit Default Swaps
Steve Kroft examines the complicated financial instruments known as credit default swaps and the central role they are playing in the unfolding economic crisis.
60 Minutes Online, 10.26.08
Steve Kroft examines credit default swaps; Charlie Rose speaks with T. Boone Pickens; Scott Pelley meets a man trying to help Mozambique by reviving its national park; Andy Rooney loves his job.
How Trump's tweets also hit companies' credit risk
It's not just stock prices that can move down (or up) afterward -- the risks of defaulting on debt are affected as well
Fact check: Clinton slams Sanders on bank votes
In Sunday night debate, Democratic front runner seeks to deflect against attacks that she is too cozy with Wall Street
DOJ releases trove of Epstein files including photos, grand jury testimonies
The Justice Department has released records from the Epstein files, the first documents to come to light under a new law signed by President Trump.
U.S. seizes a second vessel off the coast of Venezuela
It's the second time in recent weeks that the United States has interdicted a tanker, and it comes amid a large U.S. military build-up in Latin America.
At least 15 newly-released Epstein files have disappeared from DOJ's website, records show
The episode has deepened concerns that had already emerged from the Justice Department's much-anticipated document release.
Trump endorses Bruce Blakeman in New York governor's race after Stefanik's exit
President Trump initially signaled he would not make an endorsement at this stage, but Rep. Elise Stefanik's exit cleared the way for him to show his support for Bruce Blakeman.
Syria monitor group says at least 5 ISIS members killed by U.S. strikes
Jordan confirmed that its air force took part in the U.S. air strikes "targeting several ISIS positions in southern Syria."
Over 500 pages in Epstein files were entirely blacked out, CBS News finds
The Justice Department released thousands of new photos and records on Jeffrey Epstein on Friday, but at least 550 pages in the documents are fully redacted.
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
Russia strikes Ukrainian port, killing 8 and wounding dozens
Some of the wounded were on a bus at the epicenter of the strike, Ukraine's Emergency Service said.
Rob Reiner's friends and colleagues share fond and funny memories
Friends and colleagues of Rob Reiner sat down with CBS News to share personal anecdotes and fond memories of him following the news of his tragic death.
U.S.
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At least 15 newly-released Epstein files have disappeared from DOJ's website, records show
The episode has deepened concerns that had already emerged from the Justice Department's much-anticipated document release.
Trump endorses Bruce Blakeman in New York governor's race after Stefanik's exit
President Trump initially signaled he would not make an endorsement at this stage, but Rep. Elise Stefanik's exit cleared the way for him to show his support for Bruce Blakeman.
Three officers injured after responding to domestic violence call, police say
The suspect was killed, and the man who called law enforcement was also injured, officials said Saturday.
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
Syria monitor group says at least 5 ISIS members killed by U.S. strikes
Jordan confirmed that its air force took part in the U.S. air strikes "targeting several ISIS positions in southern Syria."
MoneyWatch
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Rome introduces tourist fee for some Trevi fountain visitors
Tourists visiting the Trevi Fountain are now going to pay more than just the legendary coin toss over their shoulder.
Want to work in AI? Here are the skills to master, economist says
Rapid emergence of AI will foster demand for new types of workers, including "explainers" and bias auditors, according to economist Robert Seamans.
Here's how much ACA costs would have risen this year without subsidies
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Trump reaches deal with 9 major drugmakers to lower prices
Nine drug manufacturers will offer their drugs to Medicaid recipients at most-favored-nation discounts in exchange for tariff exemptions.
Judge in nursing home bankruptcy case gives families fresh hope
A bankruptcy judge blocked an attempt by a nursing home chain's primary investor to shield himself from settlement payments and liability in lawsuits over allegations of poor care.
Politics
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At least 15 newly-released Epstein files have disappeared from DOJ's website, records show
The episode has deepened concerns that had already emerged from the Justice Department's much-anticipated document release.
Trump endorses Bruce Blakeman in New York governor's race after Stefanik's exit
President Trump initially signaled he would not make an endorsement at this stage, but Rep. Elise Stefanik's exit cleared the way for him to show his support for Bruce Blakeman.
"Face the Nation with Margaret Brennan" guests for Dec. 21, 2025
This week's guests include Reps. Ro Khanna and Thomas Massie, who led the push for Friday's release of the Epstein files.
U.S. seizes a second vessel off the coast of Venezuela
It's the second time in recent weeks that the United States has interdicted a tanker, and it comes amid a large U.S. military build-up in Latin America.
Stefanik drops out of New York governor's race after Trump stays neutral
Republican Rep. Elise Stefanik's decision to drop out came after President Trump signaled he would not make an endorsement in the race at this stage.
HealthWatch
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This professional Santa's dream of spreading holiday cheer fuels stroke recovery
Brent Rasmussen had a massive stroke in 2023. Getting his "ho ho ho back" helped motivate his recovery.
Here's how much ACA costs would have risen this year without subsidies
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Inside the FDA's vaccine uproar
A memo from Dr. Vinay Prasad, the head of the FDA's Center for Biologics Evaluation and Research, may signal an effort to to rewrite the rules governing the U.S. vaccine system.
Trump administration unveils proposals to cut off transgender care for minors
The proposals run counter to the recommendations of most major U.S. medical organizations.
Measles outbreaks worsen in South Carolina, Arizona and Utah
Nationally, the measles case count is nearing 2,000 for a disease that has been considered eliminated in the U.S. since 2000, a result of routine childhood vaccinations.
World
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U.S. seizes a second vessel off the coast of Venezuela
It's the second time in recent weeks that the United States has interdicted a tanker, and it comes amid a large U.S. military build-up in Latin America.
A rare look inside LEGO's own secret shrine to the hugely popular toy
To what does LEGO owe its remarkable half-century success story? CBS News visits the toy giant's Denmark headquarters to find out.
Syria monitor group says at least 5 ISIS members killed by U.S. strikes
Jordan confirmed that its air force took part in the U.S. air strikes "targeting several ISIS positions in southern Syria."
Pope Leo summons cardinals for assembly to help him govern the church
The consistory, as such gatherings are called, will be held Jan. 7-8, immediately following the Jan. 6 conclusion of the 2025 Holy Year.
Rome introduces tourist fee for some Trevi fountain visitors
Tourists visiting the Trevi Fountain are now going to pay more than just the legendary coin toss over their shoulder.
Entertainment
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Entertainment
Old Crow Medicine Show performs "Corn Whiskey Christmas"
Two-time Grammy winners Old Crow Medicine Show are best known for their smash hit "Wagon Wheel" and their classic Americana sound. This year, the band is out with a new holiday album, "OCMS XMAS," which features both Christmas classics and new holiday songs. Here's Old Crow Medicine Show performing "Corn Whiskey Christmas."
Old Crow Medicine Show performs "Jolly Man"
Two-time Grammy winners Old Crow Medicine Show are best known for their smash hit "Wagon Wheel" and their classic Americana sound. This year, the band is out with a new holiday album, "OCMS XMAS," which features both Christmas classics and new holiday songs. Here's Old Crow Medicine Show performing "Jolly Man."
Old Crow Medicine Show performs "Holly Jolly Christmas"
Two-time Grammy winners Old Crow Medicine Show are best known for their smash hit "Wagon Wheel" and their classic Americana sound. This year, the band is out with a new holiday album, "OCMS XMAS," which features both Christmas classics and new holiday songs. Here's Old Crow Medicine Show performing "Holly Jolly Christmas."
Kate Winslet's directorial debut
Kate Winslet is one of Hollywood's most accalimed actors, and now she's testing her skills as a director with the new Christmas film "Goodbye June." She sat down with "CBS Saturday Morning" to discuss the challenges of the new role after so many years in front of the camera.
A rare look inside LEGO's own secret shrine to the hugely popular toy
To what does LEGO owe its remarkable half-century success story? CBS News visits the toy giant's Denmark headquarters to find out.
Technology
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Want to work in AI? Here are the skills to master, economist says
Rapid emergence of AI will foster demand for new types of workers, including "explainers" and bias auditors, according to economist Robert Seamans.
DraftKings hopes to score big with new prediction markets app
Sports betting companies face mounting competition from rapidly growing prediction markets such as Kalshi and Polymarket.
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.
Japanese woman marries AI boyfriend
People are starting to develop lasting connections with artificial technology. Melissa J. Perry, the dean of the College of Public Health at George Mason University, joins CBS News with more details.
TikTok nears deal to avoid U.S. ban
TikTok has signed a deal to sell its U.S. operations to a group of investors in America, a source familiar with the deal tells CBS News. Jo Ling Kent has more.
Science
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Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Crime
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Crime
Police seek motive in deadly shootings
Authorities are seeking motive after the man responsible for the deadly shooting at Brown University and the murder of an MIT professor was found dead in a New Hampshire storage unit on Thursday.
Epstein survivor on partial files release
The Justice Department released a new batch of files related to convicted sex offender Jeffrey Epstein on Friday. Epstein survivor Sharlene Rochard joins with her reaction. Then, Spencer Kuvin, an attorney who represents some Epstein survivors, provides further analysis.
New photos in initial trove of Epstein files
The Justice Department on Friday released a batch of files related to convicted sex offender Jeffrey Epstein. CBS News' Erica Brown and Katrina Kaufman report.
Investigators struggled to ID Brown suspect while gunman went on to kill again
The manhunt for the Brown University shooter was complicated by the early misidentification of a person of interest and limited, low-quality video footage.
Search for motive in Brown and MIT shootings
The manhunt for the suspect in Saturday's deadly shooting at Brown University is finally over. Police discovered 48-year-old Claudio Manuel Neves Valente dead in a New Hampshire storage unit on Thursday night. CBS News' Anna Schecter explains what led to the discovery.
Space
More Space
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
Jared Isaacman, billionaire who's flown with SpaceX, confirmed to lead NASA
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
"Wet lava ball" exoplanet may have an atmosphere, evidence shows
Super-Earth TOI-561b is about 40 times closer to its host star than Mercury is to the sun.
NASA says Maven spacecraft that was orbiting Mars has gone silent
NASA has lost contact with a spacecraft that's been orbiting Mars for more than a decade.
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Notable Deaths in 2025
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Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
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"Son of Sam": A serial killer's reign of terror
Calling himself the "Son of Sam" in a letter left at one of the crime scenes, David Berkowitz claimed voices were ordering him to kill -- starting in the summer of 1976, he went on a 13-month spree of impulse killings in New York City that left six dead and seven injured
Latest CBS News Videos
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Latest CBS News Videos
Eye Opener: Bondi Beach lifeguard tribute
Services honoring the victims of last week's deadly attack on a Bondi Beach Hanukkah celebration are ongoing, including a touching lifeguard vigil by those working at the Australian tourist destination. Meanwhile, President Trump announced a plan to lower drug prices on Friday. All that and all that matters in today's Eye Opener.
Old Crow Medicine Show performs "Corn Whiskey Christmas"
Two-time Grammy winners Old Crow Medicine Show are best known for their smash hit "Wagon Wheel" and their classic Americana sound. This year, the band is out with a new holiday album, "OCMS XMAS," which features both Christmas classics and new holiday songs. Here's Old Crow Medicine Show performing "Corn Whiskey Christmas."
Old Crow Medicine Show performs "Jolly Man"
Two-time Grammy winners Old Crow Medicine Show are best known for their smash hit "Wagon Wheel" and their classic Americana sound. This year, the band is out with a new holiday album, "OCMS XMAS," which features both Christmas classics and new holiday songs. Here's Old Crow Medicine Show performing "Jolly Man."
Old Crow Medicine Show performs "Holly Jolly Christmas"
Two-time Grammy winners Old Crow Medicine Show are best known for their smash hit "Wagon Wheel" and their classic Americana sound. This year, the band is out with a new holiday album, "OCMS XMAS," which features both Christmas classics and new holiday songs. Here's Old Crow Medicine Show performing "Holly Jolly Christmas."
Kate Winslet's directorial debut
Kate Winslet is one of Hollywood's most accalimed actors, and now she's testing her skills as a director with the new Christmas film "Goodbye June." She sat down with "CBS Saturday Morning" to discuss the challenges of the new role after so many years in front of the camera.