Why did Trump pick Kevin Warsh for Fed chair?
President Trump announced that he has nominated Kevin Warsh to be the next Federal Reserve chair. CBS News White House reporter Olivia Rinaldi has more.
Federal Reserve Board
What Kevin Warsh as new Federal Reserve chair could mean for the economy
The president is turning to a former Fed official as his nominee to replace outgoing Chair Jerome Powell.
Trump nominates Kevin Warsh as next Federal Reserve Board chair
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
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.
Supreme Court allows Lisa Cook to remain on Federal Reserve Board for now
A federal district ruled in September that President Trump's attempt to fire Lisa Cook from the Federal Reserve Board of Governors was likely illegal.
Trump admin. asks appeals court to allow firing of Lisa Cook before Fed meeting
The Trump administration wants an appeals court to lift a ruling that blocked President Trump from firing Federal Reserve Governor Lisa Cook before an interest rate meeting next week.
Judge rules Lisa Cook can remain Fed governor for now as Trump tries to fire her
President Trump has said he is firing Cook from her role over allegations she made false representations on mortgage agreements several years ago.
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.
Trump's attempted firing of Cook unresolved
A judge on Friday heard arguments over President Trump's attempted firing of Federal Reserve Governor Lisa Cook. CBS News Department of Justice correspondent Scott MacFarlane has the details.
Judge grapples with Trump's attempt to remove Lisa Cook as Fed governor
President Trump announced earlier this week that he would be removing Lisa Cook as a member of the Federal Reserve Board of Governors.
Trump's "unprecedented" firing of Fed Governor Lisa Cook raises untested questions
Fed Governor Lisa Cook filed a lawsuit challenging what her suit said is President Trump's "unprecedented and illegal attempt to remove" her.
Legal battle over Fed governor firing
President Trump met with Cabinet members for three hours Tuesday in front of cameras and reporters. He spoke about his decision to try to fire Fed Governor Lisa Cook, who's now fighting back in court. CBS News' Ed O'Keefe reports.
Trump's move to fire Lisa Cook could give him leverage over Fed board
Removing a top Fed official threatens to shake investor confidence in the central bank's long-standing independence, according to Wall Street observers.
Trump moves to fire Fed's Lisa Cook as she vows to sue
President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors. Her attorney countered that they plan to file a lawsuit challenging the move.
Trump clashes with Fed board member Lisa Cook
A standoff is brewing between President Trump and economist Lisa Cook. Mr. Trump tried to fire her, claiming "there is sufficient cause" to believe that Cook made false statements on one or more mortgage agreements. Cook fired back that "President Trump has no authority to remove her" from the independent Federal Reserve and vowed to file suit. Nancy Cordes reports.
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.
Trump says he's fired Fed Governor
President Trump announced the removal of Federal Reserve Governor Lisa Cook, the only Black woman to serve on the board. Critics call it an attack on the Fed's independence, while Cook says no legal cause exists for her firing.
Stock futures tilt up ahead of Fed chief Jerome Powell's Jackson Hole speech
Investors will be closely eyeing Powell's speech in Jackson Hole on Friday to see if the Fed chair hints at a potential rate cut at the central bank's next meeting.
Federal Reserve governor to step down from role early
Adriana Kugler will resign from her role as a Federal Reserve governor — opening up a vacancy on the board as President Trump pressures the Fed to slash interest rates.
Powell disagrees with Trump about cost of changes to Fed construction
President Trump visited the Federal Reserve's headquarters in Washington, keeping up the intense pressure he's been putting on Fed chair Jerome Powell.
What does the Federal Reserve do, and why is Trump unhappy with chair Powell?
President Trump floated the idea of firing Jerome Powell — whom he first appointed Federal Reserve chair — earlier this week, after years of on-and-off criticism over interest rates.
Hiring surged in June, shrugging off economic worries
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
The Fed is making a rate decision today. Here's what to expect.
The Federal Reserve Board will announce its next rate decision today, June 18, at 2 p.m. EST.
Interest rate cuts impact stock prices
The Federal Reserve Board's announcement to cut interest rates has made stocks surge for now and mortgage rates slightly drop. CBS News senior business and technology correspondent Jo Ling Kent looks at the data.
Consumers saying "enough's enough" is helping to tame inflation
The great inflation spike of the past three years is nearly spent - and economists credit American consumers themselves for helping to slay it.
Trump signs funding bill to end shutdown after package clears House
The House on Tuesday voted 217 to 214 to fund major parts of the government and end the partial shutdown.
Ransom note being investigated in Nancy Guthrie's disappearance, sheriff says
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Clintons will testify in Epstein probe after contempt threat, House panel says
Hillary Clinton will appear for a deposition on Feb. 26, while former President Bill Clinton will appear on Feb. 27, according to the House Oversight Committee.
Watchdog shares whistleblower complaint involving Gabbard with Congress after delay
The complaint was closed administratively by the intelligence community inspector general's office in June 2025, under prior leadership, watchdog says.
Blood found inside home of Savannah Guthrie's mother, source says
Investigators are combing through the house of "Today" show co-host Savannah Guthrie's mother, Nancy, in search of clues to the 84-year-old's disappearance.
Top Minnesota corrections official questions when immigration agencies will draw down forces
In the week-and-a-half since federal immigration agents fatally shot a man in Minnesota, the state's top corrections official told CBS News it's not clear when the government will start drawing down forces.
Judge skeptical of Pentagon's efforts to punish Sen. Kelly over "illegal orders" video
A federal judge expressed skepticism over the Pentagon's effort to downgrade the pay and rank of Democratic Sen. Mark Kelly after he urged service members not to follow unlawful military orders.
U.S. shoots down Iranian drone that approached aircraft carrier, military says
U.S. Central Command said the drone "aggressively" approached the USS Abraham Lincoln as it was crossing through the Arabian Sea.
NASA hopes to fix Artemis II moon rocket leak with on-pad repair
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
U.S.
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Penny the Doberman pinscher wins best in show at Westminster Dog Show
A Doberman pinscher named Penny won best in show at the Westminster Kennel Club Dog Show.
Ransom note being investigated in Nancy Guthrie's disappearance, sheriff says
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Judge restricts use of tear gas, projectile munitions at Portland protests
The ruling comes just days after federal agents launched tear gas at a crowd of demonstrators, including young children, that local officials described as peaceful.
Power outages collide with boil-water advisories after winter storm
In Mississippi, more than 36,000 homes and businesses have now gone a second week without electricity after a historic winter storm.
Sen. Mitch McConnell hospitalized with "flu-like symptoms"
A spokesman for Sen. Mitch McConnell said the Kentucky Republican's "prognosis is positive."
MoneyWatch
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More companies are pointing to AI as they lay off employees
Although economists have generally downplayed the impact of artificial intelligence on jobs, some employers are highlighting their adoption of AI.
SBA shuts out non-U.S. citizens from its main lending program
Starting March 1, the SBA will no longer guarantee loans for small businesses owned by foreign nationals, including green card holders.
PepsiCo cuts prices of Cheetos, Doritos and other snacks
PepsiCo said the price cuts are aimed at making its products more affordable as consumers struggle with affordability.
Disney names parks chief Josh D'Amaro to succeed CEO Bob Iger
Josh D'Amaro, who oversees Disney theme parks and dozens of resort hotels worldwide, will become the next Disney CEO.
Consumer Reports' top 10 vehicles for 2026 — see which cars made the list
For the first time, the top 10 cars on Consumer Reports' annual list of best new vehicles also include electric or hybrid models.
Politics
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Top Minnesota corrections official questions when immigration agencies will draw down forces
In the week-and-a-half since federal immigration agents fatally shot a man in Minnesota, the state's top corrections official told CBS News it's not clear when the government will start drawing down forces.
Judge restricts use of tear gas, projectile munitions at Portland protests
The ruling comes just days after federal agents launched tear gas at a crowd of demonstrators, including young children, that local officials described as peaceful.
Sen. Mitch McConnell hospitalized with "flu-like symptoms"
A spokesman for Sen. Mitch McConnell said the Kentucky Republican's "prognosis is positive."
Judge skeptical of Pentagon's efforts to punish Sen. Kelly over "illegal orders" video
A federal judge expressed skepticism over the Pentagon's effort to downgrade the pay and rank of Democratic Sen. Mark Kelly after he urged service members not to follow unlawful military orders.
Trump suggests Republicans should nationalize voting
President Trump has continued to claim without evidence that there is widespread fraud in U.S. elections.
HealthWatch
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Officials warn against drinking raw milk after baby dies from listeria
The New Mexico Department of Health said officials believe the baby contracted listeria after their mother drank raw milk during pregnancy.
5 ways to find affordable care without health insurance
Many Americans are expected to lose ACA or Medicaid coverage in the coming months and years, but doctors and researchers say there are still ways to find affordable care.
When health insurance costs more than the mortgage
As health care costs skyrocket and federal lawmakers pull back help on ACA insurance premiums, more middle-income families are facing tough choices on health care.
Extended Interview: Mel Robbins
In this web exclusive, author and podcaster Mel Robbins talks with Norah O'Donnell about "The Let Them Theory."
Book excerpt: "The Let Them Theory" by Mel Robbins
In her latest bestseller, the motivational speaker discusses how personal growth is only possible when you stop pouring energy into things you cannot control – which includes changing other people.
World
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Boat crew tosses 115 kilos of cocaine in Pacific while fleeing Colombian navy
The seizure was announced on the same day that Colombian President Gustavo Petro met with President Trump at the White House.
Russia hammers Ukraine on eve of peace talks
A day before Russian, Ukrainian and U.S. teams meet to talk peace, Putin's forces pounded Ukraine's energy infrastructure with dozens of drones and missiles.
U.S. shoots down Iranian drone that approached aircraft carrier, military says
U.S. Central Command said the drone "aggressively" approached the USS Abraham Lincoln as it was crossing through the Arabian Sea.
As Iran and the U.S. eye talks, a protester asks Trump to "keep his word"
As Iran declares willingness to negotiate with the U.S., a woman who joined the recent protests says Iranians want their leaders out, and they want the U.S. to help.
Teen from Alabama among 3 junior hockey players killed in Canada crash
Caden Fine, 17, from Birmingham, Alabama, and two of his teammates were killed when their vehicle collided with a semi-truck in Canada.
Entertainment
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Ransom note being investigated in Nancy Guthrie's disappearance, sheriff says
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Miranda Lambert sells entire music catalog
Country star Miranda Lambert's entire catalog now belongs to Sony Music Publishing Nashville and Domain Capital Group. Jem Aswad, executive editor for music at Variety, joins "The Daily Report" to discuss.
Activists on inspiring next generation
Activist Gloria Steinem, who has fought for the rights of every woman, is on a mission to inspire the next generation. She is collaborating with Nobel Peace Prize Laureate Leymah Gbowee, who helped end the civil war in Liberia, on a new children's book. They talk to "CBS Mornings" about their experiences in their fight for equality and deciding to collaborate.
Westminster dog show winners on preparation
Three former winners of the Westminster Kennel Club Dog Show and their handlers join "CBS Mornings" ahead of this year's Best in Show title being awarded Tuesday. They talk about how they prepared to compete and what retirement is like now.
Gabrielle Union talks new film "Goat"
Gabrielle Union talks about starring in the new animated movie "Goat," working with her husband and the real life issues portrayed in the movie.
Technology
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More companies are pointing to AI as they lay off employees
Although economists have generally downplayed the impact of artificial intelligence on jobs, some employers are highlighting their adoption of AI.
Tech executive breaks down AI agents
Scott Hanselman, vice president of developer community at Microsoft, joins CBS News to explain the difference between an LLM like ChatGPT and an AI agent. He also explains how AI agents could become assertive if given too much access.
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.
AI agents are using a social media platform
Moltbook, a social media platform for AI agents to interact, is growing. The Verge senior AI reporter Hayden Field joins CBS News with more details.
Inside the new social media platform for AI
Moltbook was launched last week by a software developer and mirrors the template of Reddit, but it's not for humans. Instead, it allows artificial intelligence agents to post written content and interact with other chatbots through comments, up-votes and down-votes. Tyler Cowen, professor of economics at George Mason University, joins CBS News to discuss.
Science
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Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Cow develops technique to scratch herself
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
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.
Crime
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Ransom note being investigated in Nancy Guthrie's disappearance, sheriff says
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Lawyers for alleged Charlie Kirk killer again ask to have prosecutors removed
Tyler Robinson's attorneys want the entire Utah County Attorney's Office disqualified because one of the prosecutors has a daughter who was present at the rally where Kirk was shot.
Details on Nancy Guthrie ransom note
The Pima County sheriff tells CBS News that they received a ransom note related to the apparent abduction of Nancy Guthrie. CBS News' Andres Gutierrez and Anna Schecter have more.
Study finds significant crime decrease in 2025
A new study from the Council on Criminal Justice finds that crime rates are dropping across the U.S., with some areas reaching their lowest levels in decades in 2025. Alex Piquero, professor of criminology at the University of Miami, joins to assess the findings.
Clintons push to testify publicly on Epstein
Bill and Hillary Clinton will testify before lawmakers behind closed doors later in February about convicted sex offender Jeffrey Epstein. The House Oversight Committee was preparing to hold them in contempt for refusing to appear. CBS News justice correspondent Scott MacFarlane reports.
Space
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Space
What led NASA to delay Artemis II launch
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA hopes to fix Artemis II moon rocket leak with on-pad repair
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delays Artemis II launch
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
NASA begins mission to map the boundaries of our heliosphere
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
NASA moon launch off until March due to issues during tests
NASA says it can't try until March at the earliest to send a crewed spacecraft on a flight around the moon and back, due to hydrogen leaks during testing of the Artemis II rocket.
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.
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
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Latest CBS News Videos
Teen boy recalls grueling swim to save family
A 13-year-old boy is credited with saving the lives of his mother and two younger siblings with an hourslong swim after the family was swept out to sea off the Australian coast. Tony Dokoupil has the story.
Leaks delay Artemis II moon mission until March
NASA announced the long-awaited flight to send four astronauts on a trip around the moon was being delayed to March after a test launch ran into a variety of problems and ultimately was called off. Mark Strassmann reports.
First on CBS
Extended: Jane Doe in R. Kelly trial speaks
Reshona Landfair, who testified as Jane Doe at R. Kelly's 2022 federal trial, speaks to Jericka Duncan in her first TV interview about her new memoir, "Who's Watching Shorty?". Kelly is now behind bars after being convicted of racketeering and sex crimes in two separate federal trials in 2021 and 2022. But Kelly's legal troubles started long before that, including when a tape that he had filmed performing sex acts on a 14-year-old girl — now identified as Landfair — leaked in 2001.
Renee Good's brothers testify on Capitol Hill
Renee Good's brothers were among several people who testified on Capitol Hill about federal agents and their use of force. Nicole Sganga has the latest.
Federal presence in Bay Area for Super Bowl
Some Bay Area residents are concerned that there will be an increase in federal agents focused on immigration enforcement ahead of Super Bowl LX. CBS News correspondent Nidia Cavazos has the details.