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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.
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.
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.
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.
Federal Reserve Chair Jerome Powell released a video announcing a Justice Department investigation apparently targeting him. CBS News' Scott MacFarlane has more.
Federal Reserve Chair Jerome Powell says the Justice Department is investigating him over his testimony before the Senate Banking Committee regarding renovations at the Fed's D.C. headquarters. CBS News' Natalie Brand reports.
Federal Reserve Chair Jerome Powell said in a video Sunday that the Justice Department is investigating whether he lied to Congress about the Central Bank's renovation project. He compared the threat of criminal indictment to intimidation and said, "This unprecedented action should be seen in the broader context of the administration's threats and ongoing pressure." Scott MacFarlane reports.
With just one day left of trading before the new year, CBS News is taking a look at where things stand today and what might be driving the markets in 2026. Dallas Morning News business editor Javier David joins with more.
At a news conference on Monday, President Trump again stated his desire to fire Federal Reserve Chair Jerome Powell, whose term expires in May. While some contenders to replace him have been floated, the president has made clear he wants whoever the next head of the central bank is to continue cutting interest rates. Business reporter Erin Delmore joins with analysis.
Bank of America Chairman and CEO Brian Moynihan spoke with "Face The Nation" moderator Margaret Brennan ahead of President Trump's move to replace Jerome Powell with a new chair of the Federal Reserve. CBS News contributor Javier David has more.
Watch Margaret Brennan's full interview with Bank of America CEO Brian Moynihan, a portion of which aired on Dec. 28, 2025. Editor's note: This interview was recorded on Dec. 17, 2025.
Bank of America CEO Brian Moynihan talks prices, affordability, inflation predictions for 2026, the "shock" from the business community when President Trump enacted tariffs and how "the market will punish people if we don't have an independent Fed." Editor's note: This interview was filmed on Dec. 17, 2025.
The U.S. Bureau of Labor Statistics released last month's jobs report on Tuesday, which showed that 64,000 jobs were added in November after losing 105,000 in October. CBS News MoneyWatch correspondent breaks down how unemployment data could impact the Fed's next interest rate decision
White House National Economic Council Director Kevin Hassett, who is on the shortlist of President Trump's picks to take over as Fed chair, told "Face the Nation with Margaret Brennan" that Mr. Trump's voice "would have no weight" in interest rate decisions if he is chosen.
The Federal Reserve announced another interest rate cut, and chairman Jerome Powell broke down key details about the economy that led to the decision. MarketWatch's editor in chief Mark DeCambre joins CBS News with his take.
The Federal Reserve on Wednesday cut its benchmark interest rate by 0.25 percentage points. It's the third consecutive rate cut for the Fed as inflation continues to rise. CBS News MoneyWatch correspondent Kelly O'Grady explains what it means for you.
The Federal Reserve on Wednesday cut interest rates by a quarter of a percentage point, the third rate cut this year. CBS News business analyst Jill Schlesinger has more.
President Trump said Wednesday that the U.S. military seized an oil tanker off the coast of Venezuela. CBS News chief White House correspondent Nancy Cordes reports.
The Federal Reserve cut interest rates by a quarter percentage point on Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
President Trump took questions from reporters at the White House Wednesday amid news the U.S. has seized an oil tanker off the coast of Venezuela. CBS News' Olivia Rinaldi has more details.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
The Federal Reserve announced Wednesday it's cutting its benchmark interest rate by 0.25 percentage points. The move comes as President Trump prepares to install a replacement for Fed Chair Jerome Powell. CBS News White House reporter Olivia Rinaldi has more.
The Federal Reserve cut its benchmark interest rate by 0.25 percentage points Wednesday, bringing the federal funds rate to its lowest level in more than three years. CBS News' Kelly O'Grady and Olivia Rinaldi have more.
The Federal Reserve is expected to announce an interest rate cut as the nation navigates an affordability crunch. Kristin Myers, the ETF editor-in-chief for Asset TV, joins with more.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to break down the Federal Reserve's interest rate decision on Wednesday and how Americans are feeling about affordability.
President Trump said he will not be imposing tariffs against European countries over their objections to his efforts to acquire Greenland.
Heavy snow, thick ice and brutal cold are expected to make the winter storm a potentially life-threatening weather event for nearly 30 states.
President Trump told world leaders, CEOs and policymakers at the Davos economic forum that he wouldn't use force to take control of Greenland.
ICE authorized its officers to enter homes without judicial warrants in the cases of people with deportation orders, a sweeping reversal of longstanding rules, according to a whistleblower complaint.
The "Board of Peace" was first announced as part of the peace plan for Gaza. President Trump has recently suggested that its work could extend more broadly.
A federal appeals court on Wednesday temporarily paused a judge's ruling that restricted the use of force federal agents can use on peaceful protesters in Minneapolis.
Federal agents this week launched a new immigration enforcement operation in Maine, the latest front of the Trump administration's widening mass deportation campaign.
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.
The Justice Department ordered prosecutors to drop all pending cases targeting the sale of illicit "defeat devices" in diesel-powered vehicles.
Former Des Moines superintendent Ian Roberts is set to appear before a federal judge Thursday and is expected to plead guilty to charges of falsely claiming U.S. citizenship and illegally possessing firearms.
ICE authorized its officers to enter homes without judicial warrants in the cases of people with deportation orders, a sweeping reversal of longstanding rules, according to a whistleblower complaint.
Heavy snow, thick ice and brutal cold are expected to make the winter storm a potentially life-threatening weather event for nearly 30 states.
A federal appeals court on Wednesday temporarily paused a judge's ruling that restricted the use of force federal agents can use on peaceful protesters in Minneapolis.
The Justice Department ordered prosecutors to drop all pending cases targeting the sale of illicit "defeat devices" in diesel-powered vehicles.
Nearly one-third of U.S. household wealth was held by the top 1% in the third quarter of 2025.
President Trump said his plans for boosting home affordability are already helping, but stopped short of providing details.
Budget airline Ryanair launches "big idiot" fare promotion after CEO Michael O'Leary and Elon Musk trade insults.
Ford is recalling roughly 119,000 vehicles because their engine block heaters have a defect that increases the risk of fire, the National Highway Traffic Safety Administration says.
A former flight attendant for a Canadian airline posed as a commercial pilot and as a current flight attendant to obtain hundreds of free flights from U.S. airlines, authorities said.
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.
ICE authorized its officers to enter homes without judicial warrants in the cases of people with deportation orders, a sweeping reversal of longstanding rules, according to a whistleblower complaint.
The Justice Department ordered prosecutors to drop all pending cases targeting the sale of illicit "defeat devices" in diesel-powered vehicles.
Federal agents this week launched a new immigration enforcement operation in Maine, the latest front of the Trump administration's widening mass deportation campaign.
The Justice Dept. is calling for resources to be sent to Minnesota as it expands its fraud investigation in the state.
An infectious disease physician and former CDC official said he does not "have faith" that the U.S. is "handling measles very well."
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.
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
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.
"It's as definitive as we're going to get," CBS News medical contributor Dr. Céline Gounder said of the new research, which found no connection between Tylenol and autism or ADHD.
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.
An Israeli airstrike killed three journalists in Gaza on Wednesday, the territory's civil defense agency said. One of those killed, Abed Shaat, had worked for years as a cameraman for CBS News and other outlets.
President Trump said his plans for boosting home affordability are already helping, but stopped short of providing details.
President Trump said he will not be imposing tariffs against European countries over their objections to his efforts to acquire Greenland.
The "Board of Peace" was first announced as part of the peace plan for Gaza. President Trump has recently suggested that its work could extend more broadly.
Prince Harry struck a combative tone as he testified in his lawsuit against the Daily Mail's publisher.
An Albuquerque judge denied the state's request to detain actor Timothy Busfield while he awaits trial. Busfield, who has denied the allegations, is accused of inappropriately touching two young boys while directing the TV series, "The Cleaning Lady."
Brooklyn Beckham, the oldest son of David and Victoria Beckham, accused his parents in a social media statement of trying to undermine his marriage and of valuing "public promotion" over family. David Beckham acknowledged the allegations and responded, saying, "they make mistakes. Children are allowed to make mistakes." Adriana Diaz has more.
"CBS Mornings" exclusively announces the newest inductees to the Songwriters Hall of Fame. Anthony Mason reports.
The 2026 Songwriters Hall of Fame inductees were revealed on "CBS Mornings" on Wednesday. See the full list.
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.
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.
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.
"Sunday Morning" looks back at historical events on this date.
A new investigative report by 404 Media says ICE agents have a new high-tech way to zero in on neighborhoods to raid. The report says it's an app called Elite, powered by Palantir. Joseph Cox, an investigative journalist at 404 Media, discusses his reporting on CBS News.
"Sunday Morning" looks back at historical events on this date.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
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.
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
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.
ICE authorized its officers to enter homes without judicial warrants in the cases of people with deportation orders, a sweeping reversal of longstanding rules, according to a whistleblower complaint.
A charter boat captain in the Florida Keys was arrested for allegedly selling cocaine that was reportedly found at sea, authorities said.
An Albuquerque judge denied the state's request to detain actor Timothy Busfield while he awaits trial. Busfield, who has denied the allegations, is accused of inappropriately touching two young boys while directing the TV series, "The Cleaning Lady."
President Trump commented on ICE raids in the U.S. as the Justice Department served subpoenas for multiple Democratic officials in Minnesota. CBS News' Camilo Montoya-Galvez reports.
The suspect in the "Colonial Parkway murders" that shook Virginia in the 1980s has been linked to 2 more of the killings, investigators announced.
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.
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.
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
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.
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
A newly-revealed whistleblower complaint shows that ICE authorized its officers to enter homes without obtaining a warrant in some cases. CBS News immigration and politics reporter Camilo Montoya-Galvez has more details.
President Trump said he reached a framework deal for Greenland on Wednesday in Davos, Switzerland. It's unclear exactly what the framework entails. CBS News' Ed O'Keefe reports, and Jim Townsend, former Deputy Assistant Secretary of Defense for European and NATO Policy, has analysis.
In his new book "The Invisible Coup," author Peter Schweizer alleges so-called "American elites" and foreign powers are using immigration as a weapon to, in part, change the demographics of the U.S. Schweizer joins "The Takeout" to discuss his views.
Former NFL reporter Michele Tafoya has announced a run for Senate in Minnesota as a Republican. Political strategists Doug Heye and Kendra Barkoff Lamy join with analysis.
Several potential 2028 presidential candidates have made appearances at the World Economic Forum in Davos, Switzerland, this week. One of them is Kentucky Gov. Andy Beshear, who told CBS News senior White House and political correspondent Ed O'Keefe that President Trump's speech at the forum on Wednesday was "unhinged."