Trump wants Kevin Warsh to chair the Fed
President Trump announced on social media that he wants Kevin Warsh to chair the Federal Reserve. Warsh was on the Fed's board for five years starting in 2006. CBS News' Jill Schlesinger has more.
Federal Reserve
Trump to announce new Fed Chair pick Friday
President Trump on Thursday night said he will announce his pick to lead the Federal Reserve on Friday morning. Current Fed Chair Jerome Powell is set to exit the role in May.
Trump says he will pick Fed chair next week
President Trump held his first Cabinet meeting of the year on Thursday, addressing a range of topics, including the future of the Federal Reserve. CBS News White House reporter Olivia Rinaldi has more.
Bessent defends Powell probe, Trump Accounts
In an interview with CBS News, Treasury Secretary Scott Bessent defended the DOJ investigation into Fed Chair Jerome Powell, saying, "I think that the message is that independence does not mean no accountability." He also addressed the new Trump Accounts, which are tax-deferred investment accounts created for every American child born between January 1, 2025 and December 31, 2028.
Bessent touts Trump Accounts as rainy day fund, slams critics as "out of touch"
Treasury Secretary Scott Bessent emphasized the benefits of Trump Accounts and addressed affordability concerns in an interview with CBS News.
Why the Fed held interest rates steady
The Federal Reserve, as expected, left its benchmark interest rate unchanged on Wednesday. The decision to keep the rate at its current mark comes after the central bank ended 2025 with three consecutive rate cuts. CBS News business analyst Jill Schlesinger breaks down the decision.
Powell: Economy has "pushed right through" trade changes
The Federal Reserve held interest rates steady on Wednesday, marking its first pause after three consecutive cuts in 2025. CBS News coordinating producer Richard Escobedo has the latest.
Fed holds interest rates steady in first meeting of 2026
The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.
No change to interest rates, Fed announces
The Federal Reserve announced Wednesday that interest rates would remain unchanged, holding steady in its current range of 3.5% to 3.75%. CBS News business analyst Jill Schlesinger has more.
Fed to make first 2026 interest rate decision
The Federal Reserve is meeting Tuesday to discuss its first interest rate decision of 2026 on Wednesday. Kristin Myers, ETF editor-in-chief for Asset TV, joins with more.
Here's what to expect at the Fed's first interest rate meeting of 2026
Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil involving the Fed.
Trump officials predict a 2026 economic boom. Here's what experts say.
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.
Justices appear skeptical of Lisa Cook firing
Embattled Federal Reserve Board Governor Lisa Cook's fight to stay on the job got a boost as Supreme Court justices appeared skeptical of President Trump's efforts to fire her. Jan Crawford has the latest.
Why SCOTUS seems skeptical of Lisa Cook firing
The Supreme Court heard arguments on Wednesday over whether President Trump exceeded his authority when he fired Lisa Cook from the Federal Reserve Board of Governors. CBS News chief legal correspondent Jan Crawford joins with the key takeaways.
Stocks jump after Trump calls off Europe tariffs
Stocks jumped on Wednesday after President Trump said he reached a framework for a deal on Greenland and backed off his tariff threat against European allies. CBS News senior business and technology correspondent Jo Ling Kent reports.
SCOTUS seems inclined to keep Cook on Fed board
The Supreme Court appears likely to allow Lisa Cook to keep her position on the Federal Reserve Board of Governors and reject President Trump's attempt to fire her for now. Arguments in the case were heard Wednesday. CBS News' Jo Ling Kent has more.
Hearing on Lisa Cook sparks concern over Fed
The Supreme Court heard arguments Wednesday over the Trump administration's desire to oust Fed Governor Lisa Cook, which sparked concern over the Federal Reserve's independence. CBS News' Katrina Kaufman has the latest.
SCOTUS hears Lisa Cook case
The Supreme Court is hearing arguments Wednesday over the Trump administration's push to fire Lisa Cook from the Federal Reserve Board of Governors. CBS News contributor Jessica Levinson and Erin Delmore, a correspondent for the BBC, a CBS News partner, discuss the arguments.
SCOTUS arguments on Lisa Cook firing attempt
The Supreme Court is hearing arguments on President Trump's bid to remove Lisa Cook from her post on the Federal Reserve Board of Governors. CBS News' Katrina Kaufman reports.
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.
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.
Top Trump counterterrorism official resigns over Iran war
President Trump's director of the National Counterterrorism Center announced his resignation, citing the administration's decision to intervene in Iran.
Live
Israel targets more Iran leaders as allies reject Trump's calls for help
Israel says it killed Iran's top security official Ali Larijani, as America's European allies reject Trump's demands for help in the Strait of Hormuz.
Illinois Lt. Gov. Juliana Stratton projected to win Democratic Senate primary
Illinois Lt. Gov. Juliana Stratton is projected to win the heated and crowded Democratic primary race for the U.S. Senate seat that Dick Durbin has held for nearly 30 years, according to CBS News analysis.
Senate votes to begin marathon debate over SAVE America Act
The Senate voted to begin a marathon debate on the SAVE America Act, an elections bill that President Trump has been pressing Republicans to pass.
As Trump floats "taking Cuba," island's president warns of "resistance"
The leader of Cuba is vowing to put up "resistance" against the U.S. as President Trump suggests he may "take" the island nation, whose communist government has faced intense U.S. pressure and languished under energy shortages.
Illinois governor primaries set up rematch between Pritzker, Bailey
The 2026 Illinois primary results in the race for governor set up a rematch between Gov. JB Pritzker and his 2022 Republican challenger Darren Bailey.
Venezuela defeats U.S. 3-2 for its first World Baseball Classic title
With the game tied going into the 9th, Eugenio Suárez smacked a double into left-center field to score pinch runner Javier Sonoja for what would prove to be the winning run.
Judge orders Trump administration to restore Voice of America's operations
A federal judge has ordered the Trump administration to restore the government-run Voice of America to full operations, putting hundreds of journalists who have been on administrative leave for a year back to work.
7-ton meteor identified as likely cause of boom heard across Ohio
Some residents immediately feared the sound was an explosion, according to CBS affiliate WOIO, but weather service officials say it appears to have been a meteor.
U.S.
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Venezuela defeats U.S. 3-2 for its first World Baseball Classic title
With the game tied going into the 9th, Eugenio Suárez smacked a double into left-center field to score pinch runner Javier Sonoja for what would prove to be the winning run.
1 killed, another injured in shooting at Holloman Air Force Base in New Mexico
Military officials say a shooting at a U.S. Air Force base in New Mexico has left one person dead and another wounded.
Nancy Guthrie investigation "becomes much harder" as time goes on, expert says
Law enforcement sources told CBS News that additional images were obtained from surveillance cameras installed at Guthrie's Tucson home, but they showed nothing suspicious.
Arizona alleges Kalshi engaged in illegal gambling, election wagering
The complaint includes 20 separate counts against Kalshi, claiming the company accepted bets from Arizona residents in violation of state law.
Here's how much U.S. families need to make to feel economically secure
Many Americans feel like they live in a "hamster wheel economy," said one expert who studies economic security.
MoneyWatch
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Arizona alleges Kalshi engaged in illegal gambling, election wagering
The complaint includes 20 separate counts against Kalshi, claiming the company accepted bets from Arizona residents in violation of state law.
Here's how much U.S. families need to make to feel economically secure
Many Americans feel like they live in a "hamster wheel economy," said one expert who studies economic security.
Amazon introduces 1-hour and 3-hour delivery in U.S.
Amazon is speeding deliveries, putting pressure on other retailers. Here's where 1- and 3-hour delivery options are available and how much the service costs.
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Using AI for financial advice? Here's what to watch out for.
AI and other technologies can help you manage your financial life. But don't rely exclusively on such tools for money matters.
The U.S. is the world's leading oil producer. So why are gas prices soaring?
"If the price of oil goes up, the price of everything goes up," said former U.S. Energy Secretary Ernest Moniz.
Politics
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As Trump floats "taking Cuba," island's president warns of "resistance"
The leader of Cuba is vowing to put up "resistance" against the U.S. as President Trump suggests he may "take" the island nation, whose communist government has faced intense U.S. pressure and languished under energy shortages.
Illinois governor primaries set up rematch between Pritzker, Bailey
The 2026 Illinois primary results in the race for governor set up a rematch between Gov. JB Pritzker and his 2022 Republican challenger Darren Bailey.
Judge orders Trump administration to restore Voice of America's operations
A federal judge has ordered the Trump administration to restore the government-run Voice of America to full operations, putting hundreds of journalists who have been on administrative leave for a year back to work.
DHS keeps paying Coast Guard personnel despite partial government shutdown
The Department of Homeland Security is using discretionary funding to continue paying active-duty U.S. Coast Guard personnel during the department's ongoing shutdown, even as civilian employees remain unpaid.
Illinois Lt. Gov. Juliana Stratton projected to win Democratic Senate primary
Illinois Lt. Gov. Juliana Stratton is projected to win the heated and crowded Democratic primary race for the U.S. Senate seat that Dick Durbin has held for nearly 30 years, according to CBS News analysis.
HealthWatch
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Judge blocks parts of RFK Jr.'s vaccine agenda, including revised schedule
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Changes in organ donor status can fall through cracks in the system
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Millions of Americans skip meals, stretch medication to afford health care
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
World
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Venezuela defeats U.S. 3-2 for its first World Baseball Classic title
With the game tied going into the 9th, Eugenio Suárez smacked a double into left-center field to score pinch runner Javier Sonoja for what would prove to be the winning run.
As Trump floats "taking Cuba," island's president warns of "resistance"
The leader of Cuba is vowing to put up "resistance" against the U.S. as President Trump suggests he may "take" the island nation, whose communist government has faced intense U.S. pressure and languished under energy shortages.
Why the death of Iran's top security official is significant
Ali Larijani was among the most senior leaders of the regime still alive in Iran after top leaders were killed at the start of the war.
Hiroshima atomic bomb survivor embraced by Obama dies at 88
Shigeaki Mori was 8 years old when he survived the Aug. 6, 1945 U.S. attack, only one and a half miles away from the blast.
EU rejects Trump's calls for deployments to reopen Strait of Hormuz
Despite Trump's repeated calls, the EU foreign policy chief says "nobody is ready to put their people in harm's way in the Strait of Hormuz."
Entertainment
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Nancy Guthrie investigation "becomes much harder" as time goes on, expert says
Law enforcement sources told CBS News that additional images were obtained from surveillance cameras installed at Guthrie's Tucson home, but they showed nothing suspicious.
Melissa Etheridge opens up about new music
Melissa Etheridge speaks with "CBS Mornings" about releasing her 17th studio album "Rise" later this month, writing about the loss of her son and grief.
Woman on viral Coldplay "kiss cam" speaks out
Kristin Cabot, the woman from the viral Coldplay "kiss cam" video, spoke in an exclusive interview with Oprah Winfrey about the backlash she received from that moment and how it differed from comments made about her boss Andy Byron, the CEO of their company.
Kennedy Center votes to shut down ahead of Trump-backed renovation project
The Kennedy Center's board of directors has voted to shut down operations for two years following this summer's July 4 celebrations.
Stars walk Vanity Fair Oscar Party red carpet
Oscar winners Jessie Buckley, Michael B. Jordan and other celebrities appeared on the red carpet for the Vanity Fair party after the awards show. See some of the red carpet looks.
Technology
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Technology
Landmark social media trial continues
A verdict could come as soon as Tuesday in the landmark trial against Meta and Google for allegedly fueling social media addictions. CBS News contributor Jessica Levinson has more.
U.S. hospitals, insurers turn to AI for claims
A constant battle in the U.S. health care system is the fight between insurers and providers over the cost of medical procedures and who foots the bill. Both sides are turning to artificial intelligence to make their case. CBS News medical contributor Dr. Céline Gounder explains.
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.
Solar farm development faces pushback
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberates in social media trial
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
Science
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Discovery of 1949 whale recording could unlock mysteries of ocean
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
Crime
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Nancy Guthrie investigation "becomes much harder" as time goes on, expert says
Law enforcement sources told CBS News that additional images were obtained from surveillance cameras installed at Guthrie's Tucson home, but they showed nothing suspicious.
Kouri Richins found guilty on all charges
Kouri Richins, the Utah mom accused of killing her husband and later writing a children's book about grief, was found guilty on all charges Monday, including aggravated murder. Her sentencing is now set for May and she faces the possibility of life in prison.
Accused Latin American drug lord arrives in U.S. after years on the run
Sebastian Marset, who eluded police for years, was captured in Bolivia last week and transferred to U.S. custody.
Alleged pipe bomber argues charges should be tossed under Jan. 6 pardons
A man who was accused of planting pipe bombs outside the RNC and DNC on the eve of the Jan. 6 attack is arguing he is covered by President Trump's sweeping pardons of alleged Jan. 6 rioters.
Kouri Richins convicted of murdering husband
A jury on Monday found Kouri Richins, a Utah mom who wrote about grief, guilty of murder in the fatal poisoning of her husband. CBS News reporter Andres Gutierrez has more.
Space
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7-ton meteor identified as likely cause of boom heard across Ohio
Some residents immediately feared the sound was an explosion, according to CBS affiliate WOIO, but weather service officials say it appears to have been a meteor.
Bill Nye on going from Boeing to science guy
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA targets April 1 for moon mission launch
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
1,300-pound NASA satellite to crash on Earth
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
1,300-pound NASA satellite re-enters Earth's atmosphere after 14 years in space
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
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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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3/17: The Takeout with Major Garrett
Top U.S. counterterrorism official Joe Kent resigns over Iran war; senior Iranian leader Ali Larijani killed in airstrike.
The fight to allow happy hour at senior facility
A senior living facility in Minnesota was recently told they'd need a liquor license for any gathering involving alcoholic beverages. That didn't sit well with many of the residents, who are now fighting to legalize the right to happy hour. Tony Dokoupil has the story.
Meteor streaks across sky over multiple states
An asteroid weighing about 7 tons and traveling at 45,000 miles per hour zoomed over multiple states and lit up the sky, causing a loud boom that some residents mistook for an explosion. Mark Strassmann reports.
Cuba in crisis as Trump mulls takeover
Cuba has been facing more blackouts and protests since the U.S. cut off its access to Venezuelan oil. Juan Palop reports from Havana.
Where the Nancy Guthrie investigation stands
Nearly 50 days since Nancy Guthrie disappeared, the suspected abduction remains unsolved. CBS has learned investigators have recovered additional images from Guthrie's surveillance cameras. Jonathan Vigliotti has the latest.