Fed to announce interest rate decision
The Federal Reserve is set to announce its latest interest rate decision as economists expect the first cut since 2024. CBS News MoneyWatch correspondent Kelly O'Grady has more on what to expect.
Economy
Will the Fed cut rates today? These charts may determine its decision.
With the U.S. economy facing headwinds, the Federal Reserve faces pressure to trim interest rates this week for the first time since December 2024.
Recent grads face tougher odds in the job market
Graduates are entering a turbulent economy, with more competition for entry-level positions.
Why signs are pointing to a Fed rate cut
A Federal Reserve decision on U.S. interest rates is set to come on Wednesday afternoon. Officials are largely expected to lower rates for the first time in 2025. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Fed meeting begins amid push for rate cuts
The Federal Reserve begins its two-day meeting on Tuesday amid renewed pressure from President Trump to cut interest rates. Madison Mills, a senior markets reporter for Axios, joins with more.
Tariffs hiked prices on some goods in August
New economic data found that heavily imported goods saw steep price hikes in August. CBS News MoneyWatch reporter Megan Cerullo has the details.
Ex-CBO director on Trump's 2nd term economy
President Trump's position on interest rates and the overall economy is under intense scrutiny. Former Congressional Budget Office Director Douglas Holtz-Eakin, one of the U.S.' foremost conservative economists, says in his first term, Mr. Trump did some "astounding" things for the economy. Holtz-Eakin joins "The Takeout" to discuss why his views on the president's second-term economic policies have turned negative.
Inflation fuels falling consumer sentiment
New data shows Americans are feeling increasingly concerned about the state of the economy. A survey reveals that consumer sentiment fell in September for the second consecutive month. CBS News senior business and technology correspondent Jo Ling Kent has more.
Breaking down the latest inflation numbers
New data from the Labor Department shows that inflation ticked up last month with the consumer price index rising by nearly 3% in August compared to the year before. CBS News MoneyWatch correspondent Kelly O'Grady reports.
U.S. consumer inflation increase in August
The Consumer Price Index rose 2.9% in August compared to a year earlier, moving away from the Federal Reserve's 2% annual target. Jobless claims also rose to the highest level since October 2021. CBS News' Kelly O'Grady breaks it down.
CPI rose at a rate of 2.9% in August as U.S. inflation ticked higher
Today's CPI report marks the last major piece of economic data before the Federal Reserve's Sept. 17 rate decision meeting.
Inflation is creeping higher, putting pressure on American consumers
The Consumer Price Index likely inched higher in August, reflecting higher costs for food and other items, economists say.
New economic data shows slight dip
The Producer Price Index fell by 0.1% in August, according to new data released Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Trump responds to jobs report revisions
The Bureau of Labor Statistics revised its jobs report to show that the U.S. added 911,000 fewer jobs than previously reported between March 2024 and March 2025. Meanwhile, President Trump continued his attacks on the agency's data collection, telling reporters he should look at the revised data. CBS News business contributor Javier David has more.
Rising costs impact on the middle class
Rising costs from groceries to housing are outpacing wages and leaving many households stretched thin. CBS News business analyst Jill Schlesinger breaks down the impact on the middle class.
Labor market added 911,000 fewer jobs than earlier reported, BLS says
The downward revision from the Bureau of Labor Statistics shows the job market was slowing in 2024 and early 2025.
David Rubenstein: Recession not on horizon
CBS News chief Washington correspondent Major Garrett sat down with David Rubenstein, co-founder of the Carlyle Group and owner of the Baltimore Orioles, to get his outlook on the U.S. economy and more.
Will Fed cut interest rates by half a point?
Revised data from the Bureau of Labor Statistics showed the U.S. economy added nearly a million fewer jobs for the 12 months that ended this past March than previously reported. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Former CBO director slams Trump's economy
The Bureau of Labor Statistics on Tuesday said the U.S. added 911,000 fewer jobs than previously reported in the 12-month period ending in March 2025. Douglas Holtz-Eakin, former director of the Congressional Budget Office, joins "The Takeout" to discuss the state of the U.S. economy.
What do major job revisions say about economy?
The U.S. labor market added 911,000 fewer jobs in the past year than earlier reported, the Bureau of Labor Statistics announced on Tuesday. CBS News MoneyWatch correspondent Kelly O'Grady has the details. Then, Douglas Holtz-Eakin, former chief economic adviser for the George W. Bush administration and former director of the Congressional Budget Office, joins with analysis.
Jobs growth revised down by 911,000
The Bureau of Labor Statistics said the U.S. labor market added 911,000 fewer jobs between April 2024 and March 2025. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Economists expect a major downward jobs revision from BLS today
Economists expect the Bureau of Labor Statistics to revise its jobs data downward for the year ended in March 2025. Here's why.
Americans' confidence in finding a new job is crumbling
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
Analyzing August's weak jobs report
The recent lackluster jobs report showed a cooling U.S. labor market with only 22,000 jobs added in August. CBS News MoneyWatch correspondent Kelly O'Grady has more on how it could impact the Federal Reserve's next interest rate decision.
Top Trump adviser urges for Fed reform
White House National Economic Council director Kevin Hassett told "Face the Nation with Margaret Brennan" that he believes the Federal Reserve "needs to be fully independent of political influence" as President Trump continues to pressure Fed Chair Jerome Powell to lower interest rates. CBS News business contributor Javier David has the latest.
Live
U.S. says it thwarted Iranian missile attack on troops in Middle East
Iran launched multiple ballistic missiles at U.S. forces in the Middle East in what U.S. Central Command described as an "attempted surprise attack" on Tuesday.
First on CBS
How Trump drafted renovation plans for Dulles, a "terrible airport"
President Trump asked for 3D models of the renovation proposals as he personally tweaked ideas to overhaul Dulles International Airport that are scheduled to be unveiled on Wednesday.
Senate confirms Jay Clayton as Trump's next intelligence chief
Clayton's confirmation as director of national intelligence could unlock gridlock over a key spy tool that lapsed last month.
Japan quake kills at least 13; more trapped in collapsed mall, factory
A major earthquake in Japan's southwest killed at least 13 people and left several injured or missing after a shopping center and a paper mill were heavily damaged.
Trump policy clears way for civil commitment of homeless in some states
In the year since President Trump signed an executive order aimed at moving homeless people off the streets, states have expanded involuntary treatment for the homeless.
U.S. and Saudi Arabia strike "Iran-aligned terrorists" in Iraq
The U.S. and Saudi militaries announced airstrikes late Tuesday on Iranian-backed groups in Iraq, after Iran and its proxies allegedly targeted American forces.
Trump calls Graham "beloved friend" and "American original" in eulogy
President Trump delivered the eulogy for friend and ally Sen. Lindsey Graham, who died unexpectedly just a short time after visiting Ukraine earlier this month.
DOJ tests limits of never-before-used court to deport suspected terrorist
The Alien Terrorist Removal Court was created by Congress in 1996 and signed into law by President Bill Clinton. Before now, it had never been used.
"60 Minutes" announces new correspondents and contributors
"60 Minutes" announced ahead of its 59th season that Ross Douthat, Sebastian Junger, Gianna Toboni and Trevor Phillips will join the show.
U.S.
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American Airlines nationwide ground stop lifted after IT outage disrupts flights
According to the Air Traffic Control System Command Center, all airports and facilities were being impacted by the IT outage.
Florida executes 2 men in one day, including ex-cop who killed girl
Florida on Tuesday became the first state in nearly a decade to carry out two executions in a single day, putting to death an 80-year-old man who was the second-oldest inmate known to receive a lethal injection in modern U.S. history.
First on CBS
How Trump drafted renovation plans for Dulles, a "terrible airport"
President Trump asked for 3D models of the renovation proposals as he personally tweaked ideas to overhaul Dulles International Airport that are scheduled to be unveiled on Wednesday.
Canadian tourism slumped in the U.S. last year amid heightened tensions
Millions of Canadians shunned travel to the U.S. in 2025, opting to vacation at home or travel to other countries.
DOJ tests limits of never-before-used court to deport suspected terrorist
The Alien Terrorist Removal Court was created by Congress in 1996 and signed into law by President Bill Clinton. Before now, it had never been used.
MoneyWatch
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Canadian tourism slumped in the U.S. last year amid heightened tensions
Millions of Canadians shunned travel to the U.S. in 2025, opting to vacation at home or travel to other countries.
Americans face higher back-to-school costs. Here's what's pricier.
U.S. households will spend roughly $4,000 per student on school supplies and lunches this year, a new analysis found.
Johnson & Johnson offers $5.5 billion to settle talc lawsuits
Johnson & Johnson has offered $5.5 billion to settle tens of thousands of lawsuits claiming its baby powder and other talcum powder products caused ovarian cancer, the company says.
Taylor Farms CEO pressed by lawmaker over cyclospora outbreak
Rep. Robert Garcia is seeking information about whether Taylor Farms used White House ties to influence the federal response to the foodborne illness outbreak.
Amazon plans to deploy more than 5,000 satellites for new telecom service
Amazon Leo wants to launch a constellation of thousands of satellites to connect devices directly from space.
Politics
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U.S. and Saudi Arabia strike "Iran-aligned terrorists" in Iraq
The U.S. and Saudi militaries announced airstrikes late Tuesday on Iranian-backed groups in Iraq, after Iran and its proxies allegedly targeted American forces.
Trump policy clears way for civil commitment of homeless in some states
In the year since President Trump signed an executive order aimed at moving homeless people off the streets, states have expanded involuntary treatment for the homeless.
Senate confirms Jay Clayton as Trump's next intelligence chief
Clayton's confirmation as director of national intelligence could unlock gridlock over a key spy tool that lapsed last month.
First on CBS
How Trump drafted renovation plans for Dulles, a "terrible airport"
President Trump asked for 3D models of the renovation proposals as he personally tweaked ideas to overhaul Dulles International Airport that are scheduled to be unveiled on Wednesday.
DOJ tests limits of never-before-used court to deport suspected terrorist
The Alien Terrorist Removal Court was created by Congress in 1996 and signed into law by President Bill Clinton. Before now, it had never been used.
HealthWatch
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What is postpartum psychosis, the disorder at the center of Lindsay Clancy's trial?
A key question in the Massachusetts murder trial of Lindsay Clancy is whether postpartum psychosis drove her to kill her three children.
William Shatner and daughter Melanie recall fighting Stage 4 cancer together
Actor William Shatner and his daughter, Melanie Shatner Gretsch, recall how they helped each other as they fought Stage 4 cancer side by side.
Carly Simon reveals Parkinson's diagnosis: "Learning how to live with it"
Carly Simon, the singer known for 1970s hits like "You're So Vain," announced she has Parkinson's disease and also was treated for basal cell carcinoma.
Cyclospora outbreak impact on eating habits
Amid the outbreak of cyclospora, a CBS News poll finds 40% of Americans say they are buying or eating less produce. Nearly half of those polled say they have little or no confidence in the FDA to deal with the outbreak. Carter Evans reports.
Cyclospora boosts fears that deadlier foodborne outbreaks are ahead
Food safety experts say cuts to the public health system hobbled the response — and that the next outbreak could be much worse.
World
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U.S. and Saudi Arabia strike "Iran-aligned terrorists" in Iraq
The U.S. and Saudi militaries announced airstrikes late Tuesday on Iranian-backed groups in Iraq, after Iran and its proxies allegedly targeted American forces.
Kenya investigates deaths of 15 elephants in Amboseli National Park
The Kenya Wildlife Service said 10 of the elephants showed signs of partial paralysis before dying within two days.
Trump meets with Zelenskyy and Netanyahu amid wars in Iran, Ukraine
President Trump met with Ukrainian President Volodymyr Zelenskyy and Israeli Prime Minister Benjamin Netanyahu Tuesday.
Woman murdered in 1936 and buried under building is finally identified
Police have finally identified the remains of a woman murdered nearly a century ago and buried beneath a building in Toronto.
Widow of murdered mayor arrested in extortion case in Mexico
Valentin Lavin, who was allied with President Claudia Sheinbaum's leftist party, was shot and killed during a town hall.
Entertainment
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William Shatner and daughter Melanie recall fighting Stage 4 cancer together
Actor William Shatner and his daughter, Melanie Shatner Gretsch, recall how they helped each other as they fought Stage 4 cancer side by side.
William Shatner, daughter on cancer journeys
Legendary actor William Shatner and his daughter Melanie Shatner Gretsch are opening up about their battles with Stage 4 cancer nearly at the same time as each other. Both are now cancer-free and share how they helped each other through the challenging time.
Ariana Grande sues alleged hackers
In a new lawsuit, Ariana Grande alleges unidentified hackers caused "irreparable harm" to her career and stole her unreleased music, photos and videos. She's asking the court to force internet providers to identify them.
"The Odyssey" movie sparking interest in book
Moviegoers are turning out in droves for the IMAX spectacle "The Odyssey," but they're also flocking to something else: the 2,700-year-old source material. Matt Gutman has more.
Comedian Jeff Arcuri talks new special
Comedian Jeff Arcuri became a sensation on social media after more than a decade of performing at comedy clubs. He talks about his debut stand-up special, "Jeff Arcuri: Nice to Meet You," his comedy reaching new audiences and a time when crowd work didn't go as expected.
Technology
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Amazon plans to deploy more than 5,000 satellites for new telecom service
Amazon Leo wants to launch a constellation of thousands of satellites to connect devices directly from space.
Theaters score with themed popcorn buckets
Bradley Blackburn visits gets a taste of the custom popcorn buckets from movies like "The Odyssey" that are driving fans crazy.
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.
Brands cash in on AI influencers
A growing number of faces on your feeds are generated by artificial intelligence, and brands are buying in. Increasingly, these AI influencers are marketing products, often deceptively, to consumers. Shanelle Kaul has more.
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.
Science
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Science
How plants feel
Science shows us that, even though plants don't have brains, they seem to have a nervous system that responds to touch in remarkable ways. Robert Krulwich and puppeteer Barnaby Dixon explore the science of thigmomorphogenesis (the phenomenon of plants reacting to outside stimulae), a discussion that plants the seeds for a song.
Nearly 30 beluga whales sent to the U.S.
Nearly 30 beluga whales were sent to aquariums across the U.S. in a multinational emergency operation after their home aquarium in Canada shuttered. Jared Ochacher reports.
SpaceX launches first rocket since IPO
Elon Musk's aerospace company, SpaceX, launched its massive Starship rocket in its first test flight since the company went public. Since achieving the largest IPO in history, SpaceX's stock has dropped drastically. Mark Strassmann takes a look.
Wildfire smoke continues to shroud U.S.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
How AI data centers impact the environment
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
Crime
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Crime
Georgia teen sentenced for school shooting
Sixteen-year-old Colt Gray was sentenced to life in prison on Tuesday for the 2024 shooting at Georgia's Apalachee High School which killed four people.
Colt Gray sentenced to life without parole
A judge on Tuesday sentenced Colt Gray to life in prison without the possibility of parole. Gray pleaded guilty to killing four people in the deadly 2024 shooting at Apalachee High School. CBS News correspondent Skyler Henry has the latest.
Apalachee High School shooter sentenced to life without parole
Colt Gray, the teenager who admitted to killing four people in the 2024 shooting at Apalachee High School, will spend the rest of his life in prison without parole.
Police seek third Seattle shooting suspect
Seattle police are hunting for a third suspect being linked to a deadly shooting at a food festival near the Space Needle. CBS News' Carter Evans reports.
What is postpartum psychosis, the disorder at the center of Lindsay Clancy's trial?
A key question in the Massachusetts murder trial of Lindsay Clancy is whether postpartum psychosis drove her to kill her three children.
Space
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Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
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.
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?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
Examining legality of Fauci diaries release
Republican Sen. Rand Paul of Kentucky has released some of Dr. Anthony Fauci's pandemic-era diary entries ahead of the former National Institute of Allergy and Infectious Diseases director's Senate hearing on Wednesday. CBS News legal contributor Jessica Levinson breaks down the subpoena power behind the release.
Analyzing Trump's Netanyahu, Zelenskyy meetings
Ukrainian President Volodymyr Zelenskyy and Israeli Prime Minister Benjamin Netanyahu both met with President Trump separately at the White House on Tuesday. Former Clinton and Obama National Security Council member Charles Kupchan joins with analysis.
Tornado tears through central Wisconsin
Trees and power lines collapsed around cars as a tornado with winds of 140 miles per hour tore through central Wisconsin on Monday. The National Weather Service found a 12-mile-long swath of damage. Jason Allen reports.
Back-to-school shopping costs on the rise
New research from Groundwork Collaborative and the Century Foundation shows that U.S. parents can expect to spend close to $4,000 more per child on school supplies this year. CBS News' Megan Cerullo has the story.
New report on weather threats to homeowners
Jeremy Porter, chief economist at First Street, joins "The Daily Report" to discuss new research from his firm showing that severe convective storms that bring tornadoes, hail, and wind pose a bigger risk to homeowners than hurricanes.