Trump is taking aim at borrowing costs. Will it work — or backfire?
President Trump's plans to ease the financial pressures on Americans are bold but could backfire, experts said.
Federal Reserve
Trump: Jerome Powell has "been a lousy Fed chairman"
President Trump brushed off a question about whether the Justice Department probe amounts to political retribution.
Trump on Iran protests, Fed's Powell and more
President Trump shared a warning for Iran, called Jerome Powell a "lousy Fed chairman," and defended the ICE agent who killed Renee Good in Minneapolis during an exclusive interview with "CBS Evening News" anchor Tony Dokoupil.
Trump calls Powell incompetent or crooked
President Trump spoke to reporters about Federal Reserve Chair Jerome Powell amid an apparent Justice Department probe into building renovations. CBS News' Jake Rosen has more.
Warren on DOJ probe of Jerome Powell
Massachusetts Democratic Sen. Elizabeth Warren blasted the Justice Department for its apparent investigation into Federal Reserve Chair Jerome Powell. CBS News' Taurean Small reports.
Backlash over DOJ probe into Jerome Powell
The Justice Department's criminal investigation into Federal Reserve chair Jerome Powell is drawing backlash from both Democrats and Republicans. At least half a dozen Republicans were critical when asked about the probe, which has to do with cost overruns to renovate the Fed's century-old headquarters.
Foreign central bank chiefs voice "full solidarity with" Fed chief Powell
The heads of 10 central banks and other financial institutions say it's "critical to preserve" the Fed's independence, as Powell is pressured by the Trump administration.
Lawmakers on DOJ probing Jerome Powell
Lawmakers on both sides of the aisle are reacting to the news of the Justice Department investigating Federal Reserve Chair Jerome Powell. CBS News' Natalie Brand reports.
1/12: CBS Evening News
Lawmakers warn Fed's independence at stake amid Powell investigation; Minnesota suing Homeland Security over ICE operations.
Powell says the Fed was served DOJ subpoenas over building renovations
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
Former Fed chairs, Treasury chiefs condemn Trump admin's Powell probe
Three former Fed chairs and other top economic officials decry "prosecutorial attacks" on Jerome Powell, saying it undermines the central bank.
Lawmakers warn Fed's independence at stake
The Trump administration's Justice Department has launched a criminal investigation of Fed Chair Jerome Powell tied to the renovation of the Federal Reserve's headquarters. The move has prompted backlash from both sides of the aisle. Weijia Jiang reports.
How the Federal Reserve gained independence
Federal Reserve Chair Jerome Powell this weekend said that the Justice Department's investigation into him is a major test of the central bank's independence, which has been the norm since 1951. CBS News' Lindsey Reiser explains how the Fed became independent. Then, CBS News congressional correspondent Nikole Killion has more on lawmaker reaction to the probe.
White House: Trump didn't direct Powell probe
The Justice Department is investigating Federal Reserve Chair Jerome Powell, sparking outcry from lawmakers across both sides of the aisle. CBS News chief legal correspondent Jan Crawford has more.
Ex-Obama adviser slams DOJ probe into Powell
Multiple former Federal Reserve chairs and economic officials have signed a letter condemning the investigation into Jerome Powell, calling it an "unprecedented attempt" to undermine the central bank's independence. Jason Furman, former chair of the Council of Economic Advisers, and Jessica Levinson, CBS News legal contributor, join to discuss.
House Democrats eye DHS budget to rein in ICE
Protests in Minnesota and across the U.S. are continuing following last week's deadly ICE shooting. Democratic Rep. James Walkinshaw of Virginia joins "The Takeout" to discuss how his colleagues in Congress hope to address the situation.
Sen. Elizabeth Warren on DOJ probe into Powell
The Justice Department is investigating Federal Reserve Chairman Jerome Powell over renovations to the central bank's headquarters. Democratic Sen. Elizabeth Warren of Massachusetts joins "The Takeout" with her reaction.
Details on DOJ investigation into Powell
The Trump administration's Justice Department has opened a criminal inquiry into Federal Reserve Chairman Jerome Powell and whether he lied to Congress about the renovation of the Fed's headquarters. CBS News justice correspondent Scott MacFarlane reports.
Congress reacts to investigation into Powell
Lawmakers are sharing their thoughts after the Justice Department launched an investigation into Fed Chair Jerome Powell and issuing subpoenas against the Federal Reserve. CBS News congressional correspondent Nikole Killion has more.
Latest on DOJ probe into Jerome Powell
Fed Chair Jerome Powell said Sunday that the Justice Department was investigating him over his testimony on the Federal Reserve's building construction. CBS News legal contributor Jessica Levinson breaks it down.
Legal analysis of Jerome Powell probe
The Federal Reserve has received grand jury subpoenas from the Justice Department over a criminal investigation into its chair, Jerome Powell, Powell said in a video posted Sunday. CBS News legal contributor Jessica Levinson breaks down what it all means.
Latest details on Powell investigation
Federal Reserve Chair Jerome Powell says the Justice Department is threatening a criminal indictment over his testimony on the Federal Reserve building's renovation. CBS News' Scott MacFarlane has the latest details.
More on potential DOJ probe into Powell
Federal Reserve Chair Jerome Powell announced Sunday that he's being investigated by the Justice Department over his testimony on renovations to the Federal Reserve building in Washington, D.C. CBS News' Katrina Kaufman and Nancy Cordes have the latest.
Markets react to Powell DOJ investigation
White House National Economic Council Director Kevin Hassett is weighing in on a potential Justice Department probe into Federal Reserve Chair Jerome Powell. CBS News contributor Javier E. David has more on how the markets are reacting.
Jerome Powell posts unprecedented video
Federal Reserve Chair Jerome Powell released a video announcing a Justice Department investigation apparently targeting him. CBS News' Scott MacFarlane has more.
Renee Good sustained at least 3 gunshot wounds in ICE shooting, report reveals
The new details on Renee Good's death come after a week of protests in Minnesota that prompted President Trump to threaten to use the Insurrection Act.
Exclusive
Trump pardoning Puerto Rico's former governor Wanda Vázquez, sources say
Puerto Rico's former governor Wanda Vázquez was previously indicted in a federal corruption case.
Trump threatens tariff hike on countries opposing his Greenland plans
Denmark, Greenland and other NATO allies remain staunchly opposed to President Trump's efforts to acquire Greenland.
CIA director meets with Venezuela's interim president in Caracas
CIA director John Ratcliffe delivered a message that the U.S. "looks forward to an improved working relationship" with Venezuela, a U.S. official told CBS News.
Live
Gov. Walz having "ongoing conversation with the White House" amid ICE crackdown
WCCO has obtained Minneapolis police and Fire Department reports from the Jan. 7 fatal shooting of 37-year-old Renee Good by ICE agent Jonathan Ross.
Exclusive
ICE's detainee population reaches new record high of 73,000, as crackdown widens
The number of ICE detainees exceeded 70,000 for the first time in the deportation agency's 23-year history, according to internal DHS data obtained by CBS News.
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.
Charlie Kirk's accused killer asks judge to disqualify prosecutors
Tyler Robinson is charged with aggravated murder in Kirk's Sept.10 shooting on the Utah Valley University campus in Orem.
21-year-old says he's blind in eye after being shot by federal agent at protest
A 21-year-old who demonstrated in Santa Ana, California, against the shooting death of Renee Good says exercising his right to free speech nearly cost him his life.
U.S.
More U.S.
California federal judge rejects effort by DOJ to gather sensitive voter roll data
U.S. District Judge David Carter ruled the Justice Dept.'s demand for voter roll data would trample on Californians' privacy rights
OpenAI to start testing ads on ChatGPT in the coming weeks
The ads will appear at the bottom of the chat window on the free and low-subscription versions of ChatGPT, OpenAI said Friday in a blog post.
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.
Weight loss drugs could save airlines money on fuel as Americans shed pounds
As obesity rates among Americans drop and weight loss drugs lead to a slimmer society, airlines could save on fuel costs, according to a recent analysis.
Mexico touts successful crackdown on cartels amid Trump threats
Mexican president Claudia Sheinbaum has sought to placate President Trump and build a strong relationship between the U.S. and Mexico.
MoneyWatch
More MoneyWatch
OpenAI to start testing ads on ChatGPT in the coming weeks
The ads will appear at the bottom of the chat window on the free and low-subscription versions of ChatGPT, OpenAI said Friday in a blog post.
Weight loss drugs could save airlines money on fuel as Americans shed pounds
As obesity rates among Americans drop and weight loss drugs lead to a slimmer society, airlines could save on fuel costs, according to a recent analysis.
Canada agrees to cut tariff on Chinese electric vehicles in break with the U.S.
Canada's Prime Minister Mark Carney said China has become a more predictable partner to deal with than the U.S., the country's neighbor and longtime ally.
Recall of Frigidaire minifridges sold at major retailers nears 1 million
Curtis International is recalling an additional 330,000 Frigidaire-brand minifridges to an existing recall after reports of the product catching fire.
AI videos of child sexual abuse hit record highs in 2025, report finds
Analysts from the U.K.-based group the Internet Watch Foundation detected 3,440 AI videos of child sexual abuse last year, a 26,362% increase from 2024.
Politics
More Politics
California federal judge rejects effort by DOJ to gather sensitive voter roll data
U.S. District Judge David Carter ruled the Justice Dept.'s demand for voter roll data would trample on Californians' privacy rights
Mexico touts successful crackdown on cartels amid Trump threats
Mexican president Claudia Sheinbaum has sought to placate President Trump and build a strong relationship between the U.S. and Mexico.
Trump threatens tariff hike on countries opposing his Greenland plans
Denmark, Greenland and other NATO allies remain staunchly opposed to President Trump's efforts to acquire Greenland.
Exclusive
Trump pardoning Puerto Rico's former governor Wanda Vázquez, sources say
Puerto Rico's former governor Wanda Vázquez was previously indicted in a federal corruption case.
Exclusive
ICE's detainee population reaches new record high of 73,000, as crackdown widens
The number of ICE detainees exceeded 70,000 for the first time in the deportation agency's 23-year history, according to internal DHS data obtained by CBS News.
HealthWatch
More HealthWatch
ACA enrollment ends today in most states, as tax credit fix stalls
Some Americans are dropping their Affordable Care Act health plans after tax subsidies lapsed and their premiums spiked.
Trump admin. reverses sudden cuts in mental health, addiction programs
The Trump administration reversed cuts to grants for mental health and addiction treatment programs that a CBS News source said were valued at around $1.9 billion.
Chicago mayor explains how he's tackling the city's life expectancy gap
In 2023, life expectancy in the Loop was 87.3 years, while in West Garfield Park, life expectancy was just 66.6 years, according to the city's Health Department.
Recalled "super greens" supplement linked to dozens of salmonella cases, CDC says
Illnesses linked to the New York-based Live it Up Super Greens brand powder were reported in 21 states from Aug. 22 to Dec. 30, 2025.
Wide variation found in funding for states' rural health proposals
Every state will receive at least $100 million annually from the federal Rural Health Transformation fund, but some scored millions more based on their plans and willingness to pass policies embracing MAHA initiatives.
World
More World
Mexico touts successful crackdown on cartels amid Trump threats
Mexican president Claudia Sheinbaum has sought to placate President Trump and build a strong relationship between the U.S. and Mexico.
Canada agrees to cut tariff on Chinese electric vehicles in break with the U.S.
Canada's Prime Minister Mark Carney said China has become a more predictable partner to deal with than the U.S., the country's neighbor and longtime ally.
CIA director meets with Venezuela's interim president in Caracas
CIA director John Ratcliffe delivered a message that the U.S. "looks forward to an improved working relationship" with Venezuela, a U.S. official told CBS News.
U.S. lawmakers seek to reassure Denmark amid Trump's push for Greenland
A bipartisan congressional delegation met with Danish and Greenlandic officials Friday to show support for Greenland's territorial integrity despite President Trump's push to acquire the island.
Mummified cheetahs found in caves in Saudi Arabia
Researchers excavated seven mummies along with the bones of 54 other cheetahs from a site near the city of Arar.
Entertainment
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Entertainment
Alicia Keys on "Hell's Kitchen" success
In an exclusive interview with "CBS Mornings," Alicia Keys reflects on "Hell's Kitchen's" Broadway run ending after nearly two years of sold-out performances. The musical is inspired by Keys' own experiences and will continue its national tour. She speaks about the decision for it to leave Broadway and how she has found a healthy relationship with success.
Behind Ron King's mission to protect donkeys
Oscar's Place, a donkey sanctuary in California, now has 210 donkeys and it has successfully resettled 189 others. Ron King, the co-founder and CEO of the sanctuary, helped to create the new docuseries "Donkey King," which follows the work he and volunteers do to rescue, rehabilitate and resettle the animals to protect them. He speaks to "CBS Mornings" about his mission and why he says donkeys are misunderstood.
Actor Timothy Busfield held without bond in New Mexico child sex abuse case
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
Stars of "Sinners" talk about movie
"Sinners" stars Michael B. Jordan, Miles Caton and Wunmi Mosaku talk to "CBS Mornings" about the movie's recent success at the Golden Globes, the atmosphere on set and what they learned through the process.
Ali Larter talks what's ahead in "Landman"
Actor Ali Larter plays Angela Harris, the ex-wife of an oilman played by Billy Bob Thornton in the Paramount+ series "Landman." She talks to "CBS Mornings" about the series, working with Thornton and how she landed her role.
Technology
More Technology
OpenAI to start testing ads on ChatGPT in the coming weeks
The ads will appear at the bottom of the chat window on the free and low-subscription versions of ChatGPT, OpenAI said Friday in a blog post.
Mother of Musk child sues over deepfake images
Elon Musk is facing a lawsuit from Ashley St. Clair, with whom he shares a child, over deepfakes of her undressed made by his AI chatbot Grok. CBS News legal contributor Jessica Levinson joins with analysis.
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.
Verizon offers customers $20 credit for widespread outage
Verizon says it's giving a $20 credit to customers affected an outage that disrupted service across the U.S.
New parental controls on YouTube kid accounts
YouTube is introducing new parental controls on youth accounts that it says could limit how long kinds spend scrolling. The latest parental controls will focus on YouTube Shorts, which utilizes a continuous scrolling video feed featuring videos three minutes and shorter. Parents of kid and teen account users are now able to enact time restrictions that will limit how long their children can scroll.
Science
More Science
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.
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.
2025 was so hot it pushed Earth past critical climate change mark
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Crime
More Crime
Crime
ICE holding about 73,000 people, data shows
U.S. Immigration and Customs Enforcement is holding about 73,000 people facing deportation, a new record high, according to data. CBS News' Camilo Montoya-Galvez reports.
What we know about Renee Good shooting report
A Minneapolis Fire Department report obtained by CBS News details Renee Good's apparent injuries and other details about the shooting. CBS News' Ian Lee reports.
Massive college basketball rigging accusation
A federal indictment alleges some college basketball players were bribed to play poorly in a point-shaving scheme. Citadel professor Sean Patrick Griffin joins CBS News with more details.
Shooting victim's last words caught on tape
A Pennsylvania man says a freak accident led to the fatal shooting of his wife in 2013. Years later, investigators found surveillance footage of her final moments that challenged his account. Anne-Marie Green reports for "48 Hours."
Woman's beloved dog disappears after her mysterious shooting
Bruno Rocuba claimed he shot his wife Melissa Rocuba accidentally, but then he started getting rid of all her belongings. "It's like he wanted her erased," said one of their daughters.
Space
More Space
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.
Countdown to new lunar mission
NASA says it could be just weeks away from launching astronauts on a flight around the moon for the first time in more than half a century. Final preparations are underway at Kennedy Space Center in Florida, where the Artemis II moon rocket is expected to roll out to the launch pad on Saturday.
Astronauts return after mission cut short
A NASA crew splashed down off the coast of California on Thursday weeks earlier than scheduled due to an astronaut aboard the International Space Station dealing with a medical issue. Mark Strassmann reports on the unprecedented mission home.
Astronauts back on Earth after medical issue cut mission short
Four space station Crew 11 fliers splashed down off the Southern California coast at 3:41 a.m. ET, closing out a 167-day stay in space cut short by a medical issue.
Former NASA astronaut on ISS undocking
The members of SpaceX Crew-11 undocked from the International Space Station on Wednesday, beginning their journey back to Earth. The crew is leaving a month early after NASA announced that an unnamed team member experienced an undisclosed "medical concern." Clayton Anderson, a former NASA astronaut who spent time on the ISS, joins "The Daily Report" to discuss.
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
Lawmakers hear from officials about ICE raids
Democratic lawmakers traveled to the Twin Cities to hear from local officials about the expanded Trump administration raids in the state of Minnesota. CBS News' Nikole Killion reports.
Who would run Iran if regime falls?
Questions linger about who would take power if Iran's regime were to fall. Trita Parsi, the executive vice president of the Quincy Institute for Responsible Statecraft, joins CBS News with his take.
Meet youngest self-made female billionaire
Luana Lopes Lara is the youngest self-made female billionaire, according to Forbes Magazine. She co-founded her startup, Kalshi, with an MIT classmate in 2018. Kalshi is the first federally regulated exchange dedicated to trading on the outcome of future events. She speaks to "CBS Mornings" about her business, concerns of insider trading, and why she doesn't consider the startup a gambling platform.
ICE holding about 73,000 people, data shows
U.S. Immigration and Customs Enforcement is holding about 73,000 people facing deportation, a new record high, according to data. CBS News' Camilo Montoya-Galvez reports.
What we know about Renee Good shooting report
A Minneapolis Fire Department report obtained by CBS News details Renee Good's apparent injuries and other details about the shooting. CBS News' Ian Lee reports.