America's billionaires pay lower tax rates than you do, study finds
The wealthiest 400 people in the U.S. pay a tax rate of 24%, lower than the average rate for all other taxpayers, economists find.
Economy
Questions about Trump move to fire Lisa Cook
President Trump has taken his fight with the Federal Reserve to another level, demanding the removal of one of the Central Bank's governors. Overnight, Trump posted an apparent termination letter online, saying that he removed Lisa Cook over allegations that she committed mortgage fraud. But there are questions about Mr. Trump's authority to remove Cook. CBS News' Aaron Navarro and Jo Ling Kent break the situation down.
Lisa Cook to Trump: "I will not resign"
An epic legal fight is brewing between President Trump and the Federal Reserve after he moved to fire board governor Lisa Cook. CBS News White House reporter Aaron Navarro has the latest. Then, Abha Bhattarai, economics correspondent for The Washington Post, and Tom Dupree, former deputy assistant attorney general, join with analysis.
Wired: AI eliminating young workers' jobs
Artificial intelligence is growing at a rapid pace, leaving some young workers wondering what the technology means for their future. According to a report from Wired, economists at Stanford University say they've found the strongest evidence yet that AI is starting to eliminate certain jobs for young people. Will Knight, senior writer at Wired and author of the A.I. Lab newsletter, joins CBS News to discuss.
New Federal Reserve statement on Trump, Cook
The Federal Reserve on Tuesday issued a new statement regarding President Trump's move to fire Fed Governor Lisa Cook. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
New August economic data
New Consumer confidence data released Tuesday shows a drop in August. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
The Fed's Powell is worried about the job market. Here are 3 red flags.
Federal Reserve Chair Jerome Powell cited risks to the labor market in opening the door to cutting interest rates. Here's what job-seekers should know.
Economist on potential interest rate cut
Federal Reserve chair Jerome Powell signaled Friday that he could cut interest rates soon, which comes after months of pressure from the Trump administration. Allianz chief economic adviser Mohamed El-Erian tells "Face the Nation with Margaret Brennan" that many economists think Powell should cut rates earlier as well, saying that he believes that Powell "hasn't looked forward enough" on interest rates and that the Fed chair has "been very data dependent. And therefore, he has tended to be late."
Las Vegas tourism slumps, costing city billions
Tourism in Las Vegas is slumping this summer, costing the city billions. That could signal trouble ahead for the U.S. economy. Andres Gutierrez has new details.
Fed Chair Powell teases lower interest rates
Federal Reserve Chair Jerome Powell signaled Friday that he may lower interest rates. The announcement comes after months of pressure from the Trump administration.
Historian's book analyzes American capitalism
A new book called "Ages of American Capitalism" explores the Federal Reserve's role and other dimensions of economic history in America. Its author, historian Jonathan Levy, joins "The Takeout" to discuss.
Stocks skyrocket after Powell speech
Federal Reserve Chair Jerome Powell gave a speech that sent all three stock indexes soaring. Traders excavated clues of an interest rate coming. Archie Hall, U.S. economics editor for The Economist, joins "The Takeout" to discuss.
Dow surges more than 800 points after Fed's Powell hints at rate cut
Wall Street rallied on Friday after Federal Reserve Chair Jerome Powell signaled a rate cut could be on the horizon.
Dow Jones soars over 800 points
Investors reacted to a major speech from Federal Reserve Chair Jerome Powell, offering his strongest indication yet that interest rates may be coming. Paul La Monica, senior market analysis writer for Barron's, joins CBS News to discuss.
Fed Chair Jerome Powell signals path to rate cuts at Jackson Hole
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
Fed Chair Powell faces delicate balancing act in Jackson Hole speech
Jerome Powell will address the state of the U.S. economy — and perhaps offer hints about interest rates — in a closely watched speech on Friday.
Products impacted by U.S.-EU trade deal
The Trump administration and the European Union are sharing new information about a trade framework between the EU and United States. CBS News senior business and technology correspondent Jo Ling Kent has the details.
U.S. and EU flesh out trade commitments under new framework deal
The U.S. and European Union said they have formalized a deal aimed at rebalancing their trade relationship.
4 reasons why the Trump tariffs haven't caused U.S. inflation to soar
For months, economists warned that the Trump administration's sweeping tariffs would sharply boost consumer prices. Here's why it hasn't happened.
What to know as Target changes CEO
Target shares fell more than 6% on Wednesday after the retailer reported a quarterly drop in sales and announced a new CEO. Ted Rossman, a senior industry analyst for Bankrate, a financial services company, joins "The Daily Report" to discuss.
Inflation still outpacing wages, study finds
Four years after the pandemic caused prices to increase, a new study found that U.S. wages have still not caught up with inflation. Sarah Foster, a U.S. economy reporter and analyst for Bankrate, the service that released the report, joins "The Daily Report" to discuss.
S&P reaffirms the U.S. credit rating, citing higher tariff revenue
S&P said it is maintaining the AA+ rating on the U.S. as it expects tariff revenue will shore up the nation's finances.
Back to school season is here. See these tips to save money.
Families are shopping early for school supplies and scouting for discounts amid concerns about the potential impact of tariffs.
Why Nevada is facing worsening food insecurity
High costs and cuts to federal government subsidies have made the nation's food insecurity crisis worse. Andres Gutierrez reports on the struggle to put food on the table in Nevada.
Many U.S. jobs are falling further behind inflation, study finds
Incomes are still trailing inflation four years after the pandemic-era surge in prices, causing a financial pinch for many households.
Live
Trump launches Board of Peace, Zelenskyy announces U.S.-Russia-Ukraine talks
President Trump signed the founding charter of his Board of Peace without major U.S. allies on Thursday then met with Ukraine's President Zelenskyy.
Live
Watch Live: Jack Smith testifies publicly for first time on Trump probes
Former special counsel Jack Smith, who oversaw two investigations into President Trump, is testifying publicly for the first time before the House Judiciary Committee.
Maps show where winter storm threatens to bring snow, brutal cold this weekend
Heavy snow, ice and brutal cold are expected to make this winter storm a potentially life-threatening weather event for 35 states.
Oscar nominations for 2026 announced. See the full list of nominees here.
The nominees for the 98th annual Academy Awards were announced Thursday morning, and though "One Battle After Another," "Marty Supreme," "Frankenstein" and "Hamnet" were all nominated for plenty, it was "Sinners" that broke through with a record-smashing 16 nominations.
What's in Trump's "ultimate long-term deal" on Greenland?
Trump dropped threats to seize Greenland by force and hit allies who oppose a U.S. takeover with tariffs, claiming a deal will give the U.S. what it needs.
Live
AG Pam Bondi announces arrest in church protest in Minnesota
Vice President JD Vance will be in Minneapolis on Thursday for a roundtable with local leaders and community members amid the federal government's immigration crackdown in the state.
House aims to vote on final funding measures ahead of shutdown deadline
The House is aiming to vote Thursday on the remaining bills to fund the government as the deadline to avoid another shutdown nears.
House takes up latest war powers resolution to block Trump in Venezuela
The vote comes a week after the White House peeled off GOP support for a similar measure in the Senate.
Murders plummeted more than 20% in U.S. in 2025, study shows
The 2025 national homicide rate might be the lowest recorded in the U.S. since 1900.
U.S.
More U.S.
Live
VP JD Vance to discuss "restoring law and order in Minnesota" in Thursday's visit
Vice President JD Vance will be in Minneapolis on Thursday for a roundtable with local leaders and community members amid the federal government's immigration crackdown in the state.
House aims to vote on final funding measures ahead of shutdown deadline
The House is aiming to vote Thursday on the remaining bills to fund the government as the deadline to avoid another shutdown nears.
Hiker who kept climbing California mountain after friend turned back found dead
A hiker who kept climbing California's Mount Whitney after a fellow hiker turned around has been found dead, according to a volunteer group.
Live
Watch Live: Jack Smith testifies publicly for first time on Trump probes
Former special counsel Jack Smith, who oversaw two investigations into President Trump, is testifying publicly for the first time before the House Judiciary Committee.
Trump administration expects the economy to roar this year. Here's why.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
MoneyWatch
More MoneyWatch
Trump administration expects the economy to roar this year. Here's why.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
Guilty plea in $380 million Ponzi scheme, feds say
A financial adviser in Georgia, Todd Burkhalter, has pleaded guilty in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities say.
Wealth inequality in America just hit its widest gap in 3 decades
Nearly one-third of U.S. household wealth was held by the top 1% in the third quarter of 2025.
Trump touts policies aimed at promoting homeownership in Davos speech
President Trump said his plans for boosting home affordability are already helping, but stopped short of providing details.
Ryanair CEO on Elon Musk: "I suspect he's a bigger idiot than me"
Budget airline Ryanair launches "big idiot" fare promotion after CEO Michael O'Leary and Elon Musk trade insults.
Politics
More Politics
House takes up latest war powers resolution to block Trump in Venezuela
The vote comes a week after the White House peeled off GOP support for a similar measure in the Senate.
House aims to vote on final funding measures ahead of shutdown deadline
The House is aiming to vote Thursday on the remaining bills to fund the government as the deadline to avoid another shutdown nears.
What's in Trump's "ultimate long-term deal" on Greenland?
Trump dropped threats to seize Greenland by force and hit allies who oppose a U.S. takeover with tariffs, claiming a deal will give the U.S. what it needs.
Live
Watch Live: Jack Smith testifies publicly for first time on Trump probes
Former special counsel Jack Smith, who oversaw two investigations into President Trump, is testifying publicly for the first time before the House Judiciary Committee.
Live
Trump launches Board of Peace, Zelenskyy announces U.S.-Russia-Ukraine talks
President Trump signed the founding charter of his Board of Peace without major U.S. allies on Thursday then met with Ukraine's President Zelenskyy.
HealthWatch
More HealthWatch
Loss of measles-free status would be "cost of doing business," new CDC deputy says
After a year of ongoing measles outbreaks that have sickened more than 2,400 people, the United States is poised to lose its status as a measles-free country.
Measles cases surge in South Carolina as U.S. risks elimination status
An infectious disease physician and former CDC official said he does not "have faith" that the U.S. is "handling measles very well."
Tylenol not linked to autism, new study shows
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
Woman gets her life back after rare transplant: "Prepared for the worst"
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
Study finds no link between Tylenol and autism
A new analysis of dozens of peer-reviewed medical studies found no link between the use of Tylenol during pregnancy and diagnoses of autism, ADHD or intellectual disabilities in children.
World
More World
House takes up latest war powers resolution to block Trump in Venezuela
The vote comes a week after the White House peeled off GOP support for a similar measure in the Senate.
What's in Trump's "ultimate long-term deal" on Greenland?
Trump dropped threats to seize Greenland by force and hit allies who oppose a U.S. takeover with tariffs, claiming a deal will give the U.S. what it needs.
Body of swimmer found months after vanishing during race
Five months after Nikolai Svechnikov went missing, authorities confirmed a body was found with "no head, no feet and no arms."
Live
Trump launches Board of Peace, Zelenskyy announces U.S.-Russia-Ukraine talks
President Trump signed the founding charter of his Board of Peace without major U.S. allies on Thursday then met with Ukraine's President Zelenskyy.
Trump repeats false or exaggerated claims about Greenland as he pushes for U.S. ownership
President Trump has exaggerated threats to Greenland from Russia and China and downplayed the country's current defenses, according to local officials and experts on the Arctic.
Entertainment
More Entertainment
2026 Academy Award snubs and surprises: Who did Oscar leave out?
Among the names missing when the 98th Academy Award nominations were announced were Ariana Grande, George Clooney, Paul Mescal, Denzel Washington, and anyone associated with "Wicked: For Good."
Sundance Film Festival opens for its final year in Park City
The celebrated Sundance Film Festival, opening Thursday in Park City, Utah, includes films starring Natalie Portman, Olivia Wilde, Seth Rogen and Charli XCX, plus a wide range of documentaries.
Oscar nominations for 2026 announced. See the full list of nominees here.
The nominees for the 98th annual Academy Awards were announced Thursday morning, and though "One Battle After Another," "Marty Supreme," "Frankenstein" and "Hamnet" were all nominated for plenty, it was "Sinners" that broke through with a record-smashing 16 nominations.
FCC says TV talk shows must offer equal time to political candidates
The FCC is warning that daytime talk shows and late-night programs must give equal time to opposing political candidates, taking aim at a genre of TV that has long drawn President Trump's ire.
Prince Harry says U.K. tabloid court battle is "not just about me"
Prince Harry struck a combative tone as he testified in his lawsuit against the Daily Mail's publisher.
Technology
More Technology
Technology
YouTube looks to get rid of fake AI videos
YouTube says it wants to get rid of fake AI videos flooding social media feeds on its platform. CBS News MoneyWatch correspondent Kelly O'Grady explains what's driving the change.
Tech leaders discuss future of AI in Davos
Tech leaders have taken the stage this week at the World Economic Forum in Davos, Switzerland, to discuss how AI will impact jobs. Bloomberg News reporter Sarah Frier joins CBS News with more.
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.
Nonprofit helps to cut down on screen time
On average, young people between the ages of 8 and 18 spend about 7.5 hours a day on their screens, not including school work. A growing nonprofit is trying to change that alarming trend. The Balance Project focuses on delaying the use of smartphones for kids and encouraging more time with friends and independent play outside. Meg Oliver shows how.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Science
More Science
Science
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Dogs can learn by eavesdropping: study
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Fossils found in cave shed light on where our species emerged
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
The history and mystery of kissing
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
Crime
More Crime
Crime
Minnesota corrections official on allegations
The commissioner of the Minnesota Department of Corrections, Paul Schnell, is denying allegations from the Trump administration about dangerous criminals. CBS News' Nicole Sganga reports.
Former Uvalde school officer acquitted
Adrian Gonzales, a former Uvalde school police officer, was acquitted of 29 counts of child abandonment or endangerment over his response during the Robb Elementary School shooting in Texas. CBS News' Omar Villafranca reports.
Ex-DEA agent learns fate for aiding drug traffickers: "Little dark secret"
Joseph Bongiovanni was accused of authoring bogus DEA reports, stealing sensitive files, throwing off colleagues and outing confidential informants.
Murders plummeted more than 20% in U.S. in 2025, study shows
The 2025 national homicide rate might be the lowest recorded in the U.S. since 1900.
Guilty plea in $380 million Ponzi scheme, feds say
A financial adviser in Georgia, Todd Burkhalter, has pleaded guilty in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities say.
Space
More Space
Space
More on Virgin Galactic all-female space crew
Virgin Galactic is sending its first all-female crew to space. Kellie Gerardi, who is leading the crew, joins "CBS News 24/7 Mornings" to discuss the goals of the mission.
NASA's Artemis II mission clears big hurdle
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
NASA hauls Artemis II moon rocket to launch pad for February flight
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA begins Artemis II rollout to launchpad
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
NASA moon rocket ready for trip to launch pad
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
Latest Galleries
More Latest Galleries
Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
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
More Latest CBS News Videos
Latest CBS News Videos
YouTube looks to get rid of fake AI videos
YouTube says it wants to get rid of fake AI videos flooding social media feeds on its platform. CBS News MoneyWatch correspondent Kelly O'Grady explains what's driving the change.
Minnesota corrections official on allegations
The commissioner of the Minnesota Department of Corrections, Paul Schnell, is denying allegations from the Trump administration about dangerous criminals. CBS News' Nicole Sganga reports.
2026 Oscar nominations explained
The 2026 Oscar nominations have been announced, and "Sinners" has 16 chances to win. Fandango's Erik Davis breaks down what to expect.
Tips to help you find trust in yourself
Behavioral researcher and peak performance educator Shadé Zahrai, who has coached Fortune 500 leaders, joins "CBS Mornings" to explain the key to finding confidence. Zahrai says it's important not to compare yourself to others and find trust in yourself.
U.S. moving ISIS detainees from Syria to Iraq
The U.S. is moving ISIS detainees in the Middle East after a prison break. CBS News' Charlie D'Agata reports.