Federal Reserve hikes key interest rate again
The Federal Reserve raised its benchmark interest rate by 0.75 percentage point as it tries to slow spending to lower inflation without pushing the economy into a recession.
Economy
Stocks tumble on Wall Street as Fed escalates inflation fight
Fed raised key interest rate by three-quarters of a percentage point and signaled it plans to keep rates higher longer.
Alaskans receive over $3,000 in state oil-wealth payment checks
The $1.6 billion in direct deposits "will provide much needed relief as we head into winter," Governor Mike Dunleavy said.
Rep. Cheri Bustos discusses the upcoming midterms
With the midterm elections just weeks away, the economy and abortion have emerged as key issues on the minds of voters. Democratic Rep. Cheri Bustos of Illinois, a former chair of the Democratic Congressional Campaign Committee, joined "Red and Blue" to discuss the midterms.
Supreme Court allows college vaccine mandate
The Supreme Court declined to block Indiana University's requirement for students to be vaccinated. Justices also struck down part of New York's statewide halt on evictions. CBS News legal contributor and Loyola Law School professor Jessica Levinson spoke to CBSN's Tanya Rivero about the impact of the decisions.
Leaders gather for U.N. General Assembly
The United Nations General Assembly is bringing together world leaders in person for the first time since the start of the pandemic. The event comes at a time of immense global challenges, including the war in Ukraine, economic uncertainty and concerns about climate change. CBS News correspondent Pamela Falk joins us with more.
The strong U.S. dollar impacts everyone. Here's how.
Value of U.S. dollar has been on a more-than-a-year-long tear that many experts don't see ending anytime soon.
Stocks rise amid expectations of another big rate hike
But "markets have good reason to be braced for headwinds," one analyst said of expectations Fed will hike rates this week.
Workers lose ground to inflation
CBS News senior national correspondent Mark Strassmann reports from Los Angeles on fears that inflation may be much more entrenched and sticky than previously thought.
California sues Amazon, alleging its dominance pushes up prices
Lawsuit claims the retail giant forces sellers to keep their prices high in order to use its platform.
Fed announces 0.75% rate hike
The Federal Reserve announced it is raising its benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994, as it seeks to combat the biggest surge in U.S. inflation in four decades. CBS News senior White House and political correspondent Ed O'Keefe and Stephen Gandel, news editor for The New York Times' DealBook, join CBS News to discuss the implications of the decision.
Economy, abortion shaping key Pennsylvania races
Democrats see Pennsylvania as a crucial battleground as they fight to hold on to their congressional majorities. But economic headwinds are a challenge. Robert Costa has the latest.
Yellen on inflation, potential rail strike
Investors on Wall Street are pessimistic on inflation after August's Consumer Price Index report showed prices rising. CBS News chief White House correspondent Nancy Cordes spoke with Treasury Secretary Janet Yellen about the state of the economy and the impact of a potential rail strike.
U.S. stocks rally to close higher after sharp selloff
"A sustained rally is likely to require clear evidence that inflation is on a downward trend," a UBS analyst said.
Stocks plummet after August inflation report
Stocks dropped after the latest Consumer Price Index report showed U.S. inflation remains high. The Dow tumbled nearly 1,300 points Tuesday for the worst day since June 2020. Wall Street Journal reporter Dion Rabouin joins CBS News to discuss the market reaction.
Stocks plunge as inflation remains high
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to explain why the stock market dipped and what the economy could look like heading into the holiday season.
Stocks tumble on August inflation report
The Consumer Price Index report for August tanked the stock market as inflation continued to slow at a snail's pace. Emil Michael, chairman and CEO of DPCM, joins CBS News to discuss the impact on the overall economy.
Inflation remains high but down since June
The U.S. Labor Department's latest Consumer Price Index report shows inflation rose 8.3% in August in comparison to one year ago. But prices increased by 0.1% for the month. CBS News chief White House correspondent Nancy Cordes joins us to discuss how the White House is responding to the report.
Gas prices down from historic summer high
Gas prices have steadily dropped following the summer's national average peak of more than $5 per gallon. But Treasury Secretary Janet Yellen warns prices may rise again come winter. The Washington Post economics correspondent Abha Bhattarai joined CBS News' Tony Dokoupil and Lilia Luciano to discuss.
Mortgage rates hit 5.89% — highest level since housing crash
Borrowing costs for a conventional home loan have more than doubled over the last year.
Yellen to speak on economic agenda
U.S. Treasury Secretary Janet Yellen will deliver a speech in Detroit to help promote President’s Biden’s economic agenda and efforts to fight climate change. Aaron Weinman, Insider’s financial reporter and author of the “10 things on Wall Street” newsletter, joins “CBS News Mornings” to discuss.
Price controls coming back
An economic relic is coming back in an effort to fight global inflation. Price controls haven't been largely used in almost 50 years, but with prices rising around the world and Russia's war in Ukraine sparking fears of an energy crisis, they could be making a comeback. Matt Phillips, a markets correspondent at Axios, joined CBS News to discuss what price controls are and their potential pitfalls.
Apple set to unveil iPhone 14 and other gear
Tech giant also expected to introduce new watches and AirPods, but high inflation could deter buyers.
Britain's new prime minister promises "bold plan"
Liz Truss officially became Britain's new prime minister Tuesday, and announced a plan to revive the nation's economy. John Quelch, dean of the Miami Herbert Business School at the University of Miami, joins CBS News' John Dickerson to discuss her plan.
U.S. likely to avoid a recession, Goldman Sachs says
Economists with the investment bank point to "encouraging signs" that the economy could experience a soft landing,
Live
U.S., Iranian negotiators meet; Trump threatens Iran over Hezbollah
The appearance was a rare face-to-face meeting between U.S. and Iranian officials as they launched a 60-day sprint to negotiate over the fate of Iran's nuclear program.
Poll finds Americans want Iran war ended, but few say U.S. got better of agreement
Most suspect Iran nuclear program not stopped and think conflict wasn't worth the costs.
U.K. Prime Minister Starmer under pressure to resign after special election
British Prime Minister Keir Starmer is facing a crucial decision: step down or fight a leadership challenge from Labour Party rival Andy Burnham.
Pilot reports passenger bit fellow flyer on plane approaching Philadelphia
An American Airlines passenger allegedly bit a fellow flyer and was "trying to fight everybody" on a Sunday flight, a pilot said.
Born in the U.S.A.: Protecting the right of birthright citizenship
As guaranteed in the 14th Amendment, citizenship is granted to "all persons born or naturalized in the United States." But an executive order signed by President Trump seeks to deny birthright citizenship to children born of parents in the country illegally or temporarily.
Colombians vote in consequential presidential runoff
Colombia faces a tight runoff election between a progressive and a conservative outsider.
France bans some outdoor drinking as heat wave threatens Europe
Temperatures are expected to reach 104 degrees Fahrenheit in some areas of France and Spain.
How the Iran war united, and then divided, Trump and Netanyahu
Trump has appeared during the Iran war to lose patience with Israeli Prime Minister Benjamin Netanyahu, who may now find himself "stuck."
Trump says several people arrested for alleged vandalism of Reflecting Pool
President Trump claims the problems with the Reflecting Pool in Washington are due to vandalism.
U.S.
More U.S.
Pilot reports passenger bit fellow flyer on plane approaching Philadelphia
An American Airlines passenger allegedly bit a fellow flyer and was "trying to fight everybody" on a Sunday flight, a pilot said.
Sen. Lindsey Graham: "Let's try a diplomatic solution. I think it's going to fail."
GOP Sen. Lindsey Graham of South Carolina said he expects a diplomatic solution with Iran to fail, though he noted that he would "rather try diplomacy than take it off the table."
Charles M. Blow praises men who step up
The political commentator talks about the need to mentor young boys whose fathers are absent or passed, and how the organization Son of a Saint helps transform the lives of fatherless boys.
Theodore Roosevelt Presidential Library opening in North Dakota Badlands
The 26th president is finally getting his own presidential library amid the prairie grass of North Dakota. Take a tour of what is described as an immersive experience of Roosevelt's life and legacy, as well as the nature that shaped him and his vision of America.
Born in the U.S.A.: Protecting the right of birthright citizenship
As guaranteed in the 14th Amendment, citizenship is granted to "all persons born or naturalized in the United States." But an executive order signed by President Trump seeks to deny birthright citizenship to children born of parents in the country illegally or temporarily.
MoneyWatch
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Poll finds Americans want Iran war ended, but few say U.S. got better of agreement
Most suspect Iran nuclear program not stopped and think conflict wasn't worth the costs.
Here's who qualifies for the Trump adminstration's student loan rate cut
The temporary discount applies to eligible federal Direct Loan borrowers who use automatic payments.
Prediction markets are betting on celebrities to boost their brands
Kalshi has enlisted Lionel Messi and Timothée Chalamet as prediction markets compete to attract new users and cement their place in the mainstream.
A father of 3 wanted to leave wealth to his kids. He turned to a coffee can.
Matthew Ankrum wanted to build wealth for his daughters and teach them about financial stability. A new book shares how.
What's open and closed for Juneteenth 2026?
Juneteenth will affect banking, mail service and financial markets, although retailers and restaurants are largely staying open.
Politics
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Trump administration "laser focused" on Iran's nuclear program, Waltz says
U.S. Ambassador to the United Nations Mike Waltz said the Trump administration is "laser focused" on addressing Iran's nuclear program in an interview on "Face the Nation with Margaret Brennan."
Transcript: Lindsey Graham on "Face the Nation with Margaret Brennan," June 21, 2026
The following is the transcript of the interview with Democratic Rep. Jason Crow of Colorado that aired on "Face the Nation with Margaret Brennan" on June 21, 2026.
Transcript: Lindsey Graham on "Face the Nation with Margaret Brennan," June 21, 2026
The following is the transcript of the interview with Republican Sen. Lindsey Graham of South Carolina that aired on "Face the Nation with Margaret Brennan" on June 21, 2026.
Transcript: Mike Waltz on "Face the Nation with Margaret Brennan," June 21, 2026
The following is the transcript of the interview with Mike Waltz, U.S. ambassador to the United Nations, that aired on "Face the Nation with Margaret Brennan" on June 21, 2026.
Sen. Lindsey Graham: "Let's try a diplomatic solution. I think it's going to fail."
GOP Sen. Lindsey Graham of South Carolina said he expects a diplomatic solution with Iran to fail, though he noted that he would "rather try diplomacy than take it off the table."
HealthWatch
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Fighting childhood obesity, for a healthier, longer life
In 1970, about 1 in 20 children were affected by obesity; today, it's 1 in 5. Dr. Jonathan LaPook looks at programs aimed at helping kids (and their families) get healthy the old-fashioned way, by eating right and exercising.
Fighting childhood obesity, for a healthier, longer life
In 1970, about 1 in 20 children were affected by obesity; today, it's 1 in 5, with diet and exercise both key factors in the increase. CBS News chief medical correspondent Dr. Jonathan LaPook looks at programs aimed at helping kids get healthy the old-fashioned way, by eating right and exercising, while helping decrease the risk of problems tied to obesity later in life, such as diabetes, heart disease, and even cancer.
Strange symptom leads to man's Stage IV cancer diagnosis
An app notification informed Joe Gillette that he had been diagnosed with aggressive, late-stage cancer.
Doctor has a special surprise for her patient
Steve Hartman goes "On the Road" with a story of a teen battling for his life and the doctor who made him a promise.
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.
World
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Trump administration "laser focused" on Iran's nuclear program, Waltz says
U.S. Ambassador to the United Nations Mike Waltz said the Trump administration is "laser focused" on addressing Iran's nuclear program in an interview on "Face the Nation with Margaret Brennan."
Transcript: Lindsey Graham on "Face the Nation with Margaret Brennan," June 21, 2026
The following is the transcript of the interview with Democratic Rep. Jason Crow of Colorado that aired on "Face the Nation with Margaret Brennan" on June 21, 2026.
Transcript: Lindsey Graham on "Face the Nation with Margaret Brennan," June 21, 2026
The following is the transcript of the interview with Republican Sen. Lindsey Graham of South Carolina that aired on "Face the Nation with Margaret Brennan" on June 21, 2026.
Transcript: Mike Waltz on "Face the Nation with Margaret Brennan," June 21, 2026
The following is the transcript of the interview with Mike Waltz, U.S. ambassador to the United Nations, that aired on "Face the Nation with Margaret Brennan" on June 21, 2026.
U.K. Prime Minister Starmer under pressure to resign after special election
British Prime Minister Keir Starmer is facing a crucial decision: step down or fight a leadership challenge from Labour Party rival Andy Burnham.
Entertainment
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Entertainment
John Mulaney on sobriety and fatherhood
John Mulaney says he grew up feeling that comedy was his destiny. The Emmy Award-winning standup comedian and former "Saturday Night Live" writer talks with correspondent Tracy Smith about how he deals with sobriety today (and about a 2020 intervention which he describes as "star-studded"), and how fatherhood – along with his wife, actress Olivia Munn – has changed his outlook. (An earlier version of this story originally aired March 9, 2025.)
Manet and Morisot: Impressions of an artistic friendship
Édouard Manet, a towering figure of Impressionist art, was also a mentor to Berthe Morisot, a female painter who's remained largely in Manet's shadow, until now. The two, whose friendship led to changes in both of their artistic styles, are the subjects of an exhibition currently at the Cleveland Museum of Art. Correspondent Lee Cowan pays a visit.
Passage: In memoriam
"Sunday Morning" remembers some of the notable figures who left us this week, including famed TV sitcom director James Burrows, the co-creator of "Cheers."
Waylon Jennings' son Shooter on rescuing his dad's music
Singer, musician, and Grammy-winning music producer Shooter Jennings is keeping alive the legacy of his late father, country star Waylon Jennings, by producing long-lost material that he found stashed away. Hear music from the upcoming album "Diamonds."
Extended Interview: Shooter Jennings
In this web exclusive, musician and music producer Shooter Jennings talks with Robert Costa about his father, the late country star Waylon Jennings, whose previously-unheard music Shooter has released in the albums "Songbird" and the upcoming "Diamonds."
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
Seahorses and seadragons, some of Nature's most curious creatures
Seahorses are unique ocean inhabitants with a head like a horse, a pouch like a kangaroo, a tail like a monkey, and the ability to camouflage themselves like a chameleon. They also exhibit an unconventional gender dynamic, in that the males do the work of carrying around fertilized eggs. Correspondent Conor Knighton goes in search of these fascinating fish – and their equally fascinating cousins, seadragons – at the Birch Aquarium at the Scripps Institution of Oceanography in California.
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.
Crime
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Survivors speak up to help convict man of murder, sexual assault
David Pearce was convicted of first-degree murder for the deaths of Christy Giles and Hilda Marcela Cabrales after a night of partying in Los Angeles. He was also found guilty of raping seven other women who came forward to testify at his trial.
New Jersey council member and former mob boss arrested for extortion
John Alite, 63, was once the top enforcer for the Gotti crime family and a longtime member of the Gambino family.
Mangione's legal team axes psychiatric defense
Lawyers for Luigi Mangione have withdrawn their plan to pursue a psychiatric defense in his New York state murder trial over the killing of UnitedHealthcare CEO Brian Thompson. CBS News legal contributor Jessica Levinson breaks down the decision.
U.K. actress accused of trying to smuggle $208M of meth into Australia
Actress Emaa Hussen, who played alongside Jason Statham in "Redemption," is accused of trying to smuggle 700 pounds of methamphetamine into Australia.
What's missing from the Epstein files?
A CBS News analysis of the released Epstein files shows what documents appear to be absent. CBS News' Vlad Duthiers has more on the search for answers surrounding the case against convicted sex offender Jeffrey Epstein.
Space
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Researchers find "Pink Planet" has salty clouds: "We were very surprised"
The "Pink Planet," formally known as GJ504b, was discovered in 2013 and is technically not a planet but rather a "planetary-mass companion."
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.
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
Face the Nation: Crow, Book, Hochstein, Salvanto
Missed the second half of the show? Democratic Rep. Jason Crow discusses national security, and Kevin Book and Amos Hochstein break down the U.S.-Iran deal's impact on energy. Plus, CBS News' Anthony Salvanto discusses new polling on the Iran war.
Energy analysts weigh in on gas prices
On "Face the Nation with Margaret Brennan," energy analyst Kevin Book says it could take "a while" for gas prices to return to pre-Iran war levels, pointing to uncertainty and depleted oil reserves. And Biden-era adviser Amos Hochstein discusses how the U.S.-Iran deal could impact Iranian oil revenue.
New CBS News poll on Iran deal
CBS News Executive Director of Elections and Surveys Anthony Salvanto breaks down new polling on the Iran war, which most Americans wanted to end but few believe was worth the cost, on "Face the Nation with Margaret Brennan."
Obama Presidential Center's emotional opening
Former President Barack Obama and former first lady Michelle Obama were joined by their daughters Thursday at the opening ceremony for the Obama Presidential Center on the South Side of Chicago, one day before it officially opened to the public on Juneteenth.
Graham backs Iran talks, thinks they'll fail
On "Face the Nation with Margaret Brennan," GOP Sen. Lindsey Graham said he supports trying diplomacy with Iran, but "I think it's going to fail," predicting President Trump's backup plan will be to take over the Strait of Hormuz.