Is the U.S. heading for a recession? Here's what economists say.
Consumers, businesses and investors are increasingly jittery about the risks of a protracted slump. So what exactly is a recession?
Donald Trump
Trump hosting Ireland leader at White House
President Trump is hosting the taoiseach of Ireland, Micheál Martin, at the White House on Wednesday amid the European Union's pushback against U.S. tariffs on all steel and aluminum imports. CBS News' Scott MacFarlane reports on the visit and new data about undocumented Irish immigrants in the United States.
Russia says it's awaiting ceasefire details
Ukraine has said it's ready to accept a 30-day ceasefire with Russia after high-level talks with U.S. officials this week in Saudi Arabia. The deal will now be presented to Russia. CBS News senior foreign correspondent Holly Williams reports on Ukraine's talks with the U.S. and Jon Alterman, senior vice president at the Center for Strategic and International Studies, joins CBS News to discuss the state of the war.
Investors buoyed by signs of cooling U.S. inflation
Wall Street breathes a sigh of relief after a new report showed inflation slowed last month by more than expected.
House spending bill facing Senate opposition
House Republicans' six-month spending bill will need Democratic support in the Senate to pass into law before Friday's government shutdown deadline. CBS News congressional reporter Taurean Small has more.
DOE offices closed for "security reasons"
Offices at the Department of Education are closed Wednesday for "security reasons" after the announcement that nearly half the department's staff would lose their jobs. CBS News congressional correspondent Caitlin Huey-Burns reports.
Trump 25% tariffs on steel and aluminum take effect, EU announces retaliation
Trump's tariff policies have rattled the stock market and raised fears of an economic slowdown, increased inflation and a global trade war.
Russia hedges on U.S. truce proposal for Ukraine as it presses its gains
The Trump administration appears to be back in Ukraine's corner, but it's unclear if Putin, while enjoying battlefield victories, can be convinced to halt his assault.
DOE slashing nearly 50% of workforce
The Department of Education says half its workers are losing their jobs in a move that Education Secretary Linda McMahon says is meant to ensure "resources are directed where they matter most." CBS News' Caitlin Huey-Burns and Weijia Jiang report on that and some of the other big news coming out of the White House.
Unclear if Russia will agree to ceasefire
U.S. Secretary of State Marco Rubio says a ceasefire deal will be presented to Russia after Ukraine said it is ready to accept a 30-day pause in fighting. CBS News senior foreign correspondent Holly Williams reports on the peace process and John Herbst, former U.S. ambassador to Ukraine, joined CBS News with his thoughts on the situation.
25% steel and aluminum tariffs take effect
President Trump's new 25% tariffs on all steel and aluminum imports have gone into effect after a second straight day of losses across all major U.S. stock markets. CBS News correspondent Natalie Brand reports.
Upset in Greenland parliamentary elections as center-right party wins
Greenland parliamentary elections produced an upset win by a party favoring gradual independence from Denmark. President Trump openly covets the vast island.
Ukraine open to 30-day ceasefire with Russia
After talks in Saudi Arabia on Tuesday, the U.S. and Ukraine said Kyiv would accept a 30-day ceasefire with Russia, with Washington pledging to immediately lift a freeze on intelligence sharing and military aid to Ukraine. Holly Williams reports.
Lutnick says Trump's policies are "worth it" even if they lead to recession
The president's tariff announcements have rocked the stock markets and fueled concerns of an economic downturn.
Lutnick: "Let the dealmaker make his deals"
Market volatility continued Tuesday with major indexes closing in the red as President Trump negotiates tariffs with Canada. CBS News chief White House correspondent Nancy Cordes sat down with Commerce Secretary Howard Lutnick to discuss the stock swings, inflation and risks of a recession.
Explaining stock markets' dramatic sell-off
Economic uncertainty looms over Wall Street after a back-and-forth between the U.S. and Canada on tariffs. On Wednesday, the U.S. will impose 25% tariffs on all Canadian steel and aluminum imports. CBS News' Kelly O'Grady and Zak Hudak break it down.
Gilchrist enters Michigan gubernatorial race
Michigan Democratic Lt. Gov. Garlin Gilchrist has entered the crowded race to be the state's next governor. CBS News chief Washington correspondent Major Garrett spoke with Gilchrist about why he wants the job.
Understanding Trump's 2024 comeback
When President Trump left office in January 2021, he said he would "be back in some form." A new book, "Revenge: The Inside Story of Trump's Return to Power," examines the president's history-defying reelection campaign and his path back to the White House. Author and Axios senior political reporter Alex Isenstadt joins "America Decides" to discuss.
Lead-up to Ukraine's willingness on ceasefire
After an 8-hour meeting with Trump administration officials in Saudi Arabia on Tuesday, Ukraine said it is ready to accept a U.S. proposal for a temporary ceasefire with Russia. CBS News foreign correspondent Holly Williams has more. Jonathan Wachtel, former director of communications and senior policy adviser at the U.S. mission to the United Nations, joins "The Daily Report" to discuss.
Trump vows to help oust Rep. Thomas Massie
President Trump is leading the charge to oust Republican Rep. Thomas Massie of Kentucky after he said he would not support the GOP-led short-term funding bill to keep the government open. Brakkton Booker, national political correspondent at Politico, and Jasmine Wright, politics reporter for NOTUS, join "America Decides" with analysis.
Commerce secretary defends Trump amid tariff fight
President Trump backed off doubling Canadian steel and aluminum tariffs after Ontario suspended a 25% electricity surcharge on several U.S. states. Nancy Cordes talked to Commerce Secretary Howard Lutnick, who brokered the truce with the Ontario premier.
Musk, Soros eye Wisconsin Supreme Court race
The Wisconsin Supreme Court race has quickly become a battle of many billionaires, with the ideologically conservative candidate backed by a PAC connected to Elon Musk and the ideologically liberal candidate with George Soros' money in her corner. The April 1 contest, which is technically nonpartisan, will determine the court's ideological balance. Ben Wikler, chair of Wisconsin's Democratic Party, joins "America Decides" to unpack the stakes of the race.
Takeaways from U.S.-Ukraine talks
Secretary of State Marco Rubio says the ball is in Russia's court after Ukraine agreed Tuesday to a 30-day ceasefire proposal. Ravi Agrawal, editor-in-chief of Foreign Policy magazine, joins "America Decides" to examine what happens next as the U.S. works to broker a peace deal in Ukraine.
Russia to weigh ceasefire after Kyiv agrees
Ukraine said Tuesday it is willing to accept a 30-day ceasefire with Russia after talks with the U.S. in Saudi Arabia. Secretary of State Marco Rubio will now take the deal to the Russians. CBS News' Jennifer Jacobs, Fin Gómez and Axios senior political reporter Alex Isenstadt have more.
Trump on cutting back Canada tariffs
President Trump says he is considering reducing the new tariffs he announced on Canada's steel and aluminum as a response to Ontario's tax on electricity to the U.S. This comes as the stock markets fluctuate amid uncertainty on the ongoing trade war. CBS News' Olivia Rinaldi and Kelly O'Grady report.
Live
Strait of Hormuz traffic ramps up in wake of U.S.-Iran deal signing
More tankers are transiting the Strait of Hormuz after 111 days of gridlock, but Iran and the U.S. still have much to discuss.
U.S. plans expansion of denaturalization push, aiming for 250 cases by fall
The Trump administration expects to try to revoke the U.S. citizenship of more than 250 foreign-born citizens by October, a Justice Department official said.
Facing bipartisan criticism of Iran deal, Trump lashes out at "fools"
Republican Sens. Bill Cassidy, Thom Tillis and Ted Cruz have been critical of the 14-point memorandum of understanding signed on Wednesday.
States not required to give community-based care for those with disabilities: DOJ opinion
The Office of Legal Counsel opinion released Thursday said states aren't required by law to integrate mentally disabled patients with their peers by providing community or home-based care.
Luigi Mangione's legal team withdraws psychiatric defense
Luigi Mangione's legal team says they withdrew a psychiatric defense in his New York state murder trial one day after telling the court they would use it.
Air Force unit faces flu outbreak weeks after vaccine mandate dropped
Dozens of service members at Lackland Air Force Base in Texas have fallen ill with the flu in the weeks since Defense Secretary Pete Hegseth rescinded the vaccine mandate, sources familiar confirmed to CBS News.
Rips appear in Reflecting Pool's new surface after algae turn water green
President Trump's efforts to spruce up the Lincoln Memorial Reflecting Pool faced a snag this week, with algae turning the water green while rips appeared in an "American Flag Blue" surface picked by the president.
Hegseth announces review of U.S. forces in Europe, blasts "shameful" NATO allies
The Pentagon is launching a six-month review of U.S. forces and bases in Europe, Defense Secretary Pete Hegseth said Thursday at a meeting of NATO defense ministers.
Supreme Court sides with man who challenged law barring drug users from having guns
The Supreme Court on Thursday ruled in favor of a Texas man who challenged a federal law that bars certain drug users from having firearms.
U.S.
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Trump awards Medal of Honor to 3 veterans of the Vietnam, Afghanistan wars
In a ceremony at the White House, the president paid tribute to retired Marine Corps Maj. James Capers Jr., retired Army Maj. Nicholas Dockery and Marine Col. John W. Ripley, who died in 2008.
States not required to give community-based care for those with disabilities: DOJ opinion
The Office of Legal Counsel opinion released Thursday said states aren't required by law to integrate mentally disabled patients with their peers by providing community or home-based care.
Air Force unit faces flu outbreak weeks after vaccine mandate dropped
Dozens of service members at Lackland Air Force Base in Texas have fallen ill with the flu in the weeks since Defense Secretary Pete Hegseth rescinded the vaccine mandate, sources familiar confirmed to CBS News.
GOP congressman, missing for months, set to return on June 30
Republican Rep. Tom Kean Jr. of New Jersey will return to Congress on June 30, his spokesperson said, after being away since March in an unexplained absence that has confounded Capitol Hill.
Hegseth announces review of U.S. forces in Europe, blasts "shameful" NATO allies
The Pentagon is launching a six-month review of U.S. forces and bases in Europe, Defense Secretary Pete Hegseth said Thursday at a meeting of NATO defense ministers.
MoneyWatch
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Less than half of Americans can afford quality healthcare, Gallup finds
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Waymo recalls robotaxis after some vehicles entered construction zone
The recall follows multiple incidents in which Waymo robotaxis drove past ramp-closure signs and into freeway construction zones.
Intel shares leap after Trump announces chip deal with Apple
In a social media post, President Trump touted the U.S. government's 10% stake in Intel, noting that it is now worth $60 billion.
Gas prices fall below $4 a gallon for the first time in nearly 3 months
The national average for a gallon of regular gas in the U.S. drops to $3.99, the lowest since March 30.
Federal Reserve holds interest rates steady but leaves door open to hike
U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.
Politics
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Rips appear in Reflecting Pool's new sealant after algae turn water green
President Trump's efforts to spruce up the Lincoln Memorial Reflecting Pool faced a snag this week, with algae turning the water green while rips appeared in an "American Flag Blue" surface picked by the president.
Trump's goals for the Iran war and what he's saying now
When the U.S.-Iran conflict began, President Trump laid out a litany of aggressive war aims. Here's what the president and his top aides said then — and how their views have changed.
Trump awards Medal of Honor to 3 veterans of the Vietnam, Afghanistan wars
In a ceremony at the White House, the president paid tribute to retired Marine Corps Maj. James Capers Jr., retired Army Maj. Nicholas Dockery and Marine Col. John W. Ripley, who died in 2008.
States not required to give community-based care for those with disabilities: DOJ opinion
The Office of Legal Counsel opinion released Thursday said states aren't required by law to integrate mentally disabled patients with their peers by providing community or home-based care.
Air Force unit faces flu outbreak weeks after vaccine mandate dropped
Dozens of service members at Lackland Air Force Base in Texas have fallen ill with the flu in the weeks since Defense Secretary Pete Hegseth rescinded the vaccine mandate, sources familiar confirmed to CBS News.
HealthWatch
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Air Force unit faces flu outbreak weeks after vaccine mandate dropped
Dozens of service members at Lackland Air Force Base in Texas have fallen ill with the flu in the weeks since Defense Secretary Pete Hegseth rescinded the vaccine mandate, sources familiar confirmed to CBS News.
Less than half of Americans can afford quality healthcare, Gallup finds
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Busy Philipps on her late ADHD diagnosis
Actress Busy Philipps, 45, spoke up about her late attention-deficit/hyperactivity disorder diagnosis online after realizing she shared symptoms as her young daughter was evaluated and diagnosed. Women are more likely than men to be diagnosed with ADHD later in life, research shows.
Drummer rediscovers his rhythm after setback
In the "CBS Mornings" series "Pushing the Limits," Mark Strassmann shows how a Georgia man's passion for music was almost taken away from him forever after a terrible accident. But thanks to his resilience and technology, the man is now a record-breaking drummer.
Arrests of immigrant parents create mental health crisis for children
An estimated hundreds of thousands of children, many of them U.S. citizens, have been separated from a parent in the Trump administration's immigration crackdown.
World
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Trump's goals for the Iran war and what he's saying now
When the U.S.-Iran conflict began, President Trump laid out a litany of aggressive war aims. Here's what the president and his top aides said then — and how their views have changed.
Man charged after toddler ends up in crocodile enclosure at zoo
Police in eastern England said a man was arrested on suspicion of attempted murder after a 3-year-old boy "ended up in the crocodile enclosure" at a zoo.
Hegseth announces review of U.S. forces in Europe, blasts "shameful" NATO allies
The Pentagon is launching a six-month review of U.S. forces and bases in Europe, Defense Secretary Pete Hegseth said Thursday at a meeting of NATO defense ministers.
"Lady Gucci," who had her ex-husband killed, could soon inherit $23M fortune
Despite spending 18 years in prison for orchestrating the murder of her ex-husband, fashion heir Maurizio Gucci, Patrizia Reggiani may be about to inherit a fortune.
Facing bipartisan criticism of Iran deal, Trump lashes out at "fools"
Republican Senators Bill Cassidy, Thom Tillis, Ted Cruz and Tom Cotton have been critical of the 14-point memorandum of understanding signed on Wednesday.
Entertainment
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Americans say they're reading fewer books. Here's what they're doing instead.
Many people are spending more time on screens, but also doing more physical activities, a new CBS News poll finds.
Singer Myles Smith talks debut album
Myles Smith's career skyrocketed after his hit song "Stargazing" became the biggest song by a U.K. artist worldwide in 2024. Now, he's releasing his debut album, "My Mess, My Heart, My Life," on June 19. Myles Smith joins "CBS Mornings" to discuss his rapid rise to stardom, his first album and his experience touring with Ed Sheeran.
Busy Philipps on her late ADHD diagnosis
Actress Busy Philipps, 45, spoke up about her late attention-deficit/hyperactivity disorder diagnosis online after realizing she shared symptoms as her young daughter was evaluated and diagnosed. Women are more likely than men to be diagnosed with ADHD later in life, research shows.
Drummer rediscovers his rhythm after setback
In the "CBS Mornings" series "Pushing the Limits," Mark Strassmann shows how a Georgia man's passion for music was almost taken away from him forever after a terrible accident. But thanks to his resilience and technology, the man is now a record-breaking drummer.
Extended interview: Myles Smith
British singer-songwriter Myles Smith talks to Anthony Mason about his much-anticipated debut album, "My Mess, My Heart, My Life," growing up in London, his rapid rise to stardom and more.
Technology
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Waymo recalls robotaxis after some vehicles entered construction zone
The recall follows multiple incidents in which Waymo robotaxis drove past ramp-closure signs and into freeway construction zones.
Americans on AI's future impact
A Pew survey shows 40% of Americans think AI's future impact will be negative. MIT Sloan professor Eric So joins CBS News with more details.
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.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Inside an Irish town raising kids without smartphones
When parents and educators in Greystones, Ireland saw children dealing with increasing anxiety, they acted – and took phones out of the equation.
Science
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Science
Watch: Pentagon releases 6 new UFO videos
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Crime
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Crime
Mangione's legal team drops psychiatric defense
Attorneys for Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson, dropped plans for a psychiatric defense in his state case on Thursday. CBS News legal reporter Katrina Kaufman has the details.
Man charged after toddler ends up in crocodile enclosure at zoo
Police in eastern England said a man was arrested on suspicion of attempted murder after a 3-year-old boy "ended up in the crocodile enclosure" at a zoo.
"Lady Gucci," who had her ex-husband killed, could soon inherit $23M fortune
Despite spending 18 years in prison for orchestrating the murder of her ex-husband, fashion heir Maurizio Gucci, Patrizia Reggiani may be about to inherit a fortune.
Ex-police commissioner on Heuermann sentence
The Long Island architect who lived a secret life as the Gilgo Beach serial killer was sentenced to life in prison without parole on Wednesday. Former Suffolk County Police Commissioner Rodney Harrison, who formed the task force that ultimately led to Rex Heuermann's arrest, joins with analysis.
Gilgo Beach serial killer sentenced
In a Long Island courtroom Wednesday, Rex Heuermann received three life sentences for choking and dismembering eight women, most of them in his basement, over the course of more than 15 years. The 62-year-old addressed the court before he was sent away. Tom Hanson reports.
Space
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NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Breaking down Supreme Court gun ruling
The Supreme Court ruled in favor of a Texas man who challenged a federal law that broadly banned drug users from owning guns. The unanimous decision is a loss for the Trump administration, which had defended the 1968 law. CBS News legal contributor Jessica Levinson breaks it down.
When will Strait of Hormuz traffic normalize?
Ships are beginning to transit the Strait of Hormuz again after the initial U.S.-Iran agreement reopened the waterway. But traffic may not get back to normal right away. Scott Savitz, senior engineer and professor at RAND School of Public Policy, joins to discuss.
Artist perseveres after tumor impacts sight
After artist Vincent Serritella underwent surgeries to remove a brain tumor on his optic nerve, he found a way to overcome his change in vision. Tony Dokoupil has the story.
Chicago welcomes Obama Presidential Center
Former President Barack Obama formally unveiled his presidential center in Chicago on Thursday, calling it an "expression of thanks" to the city and a monument, not to his story, but to the U.S.'s story. Caitlin Huey-Burns reports.
Ukraine launches drone attack on Moscow
Ukraine hammered Russia with the largest attack on the capital city of Moscow since Russia invaded its neighbor more than four years ago. A massive swarm of Ukrainian drones hit a major oil refinery there, among other targets, on Thursday. Ukraine's President Volodymyr Zelenskyy said it was a retaliatory act. Aidan Stretch reports.