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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.
It appears all but certain that the Federal Reserve will cut interest rates on Wednesday. CBS News business analyst Jill Schlesinger explains why.
The Federal Reserve will announce if they will cut rates again in December's meeting — their last meeting of 2025. The decision will determine whether borrowers get more relief on interest rates.
President Trump on Tuesday called Kevin Hassett, director of the National Economic Council, a "potential Fed chair." Hassett joins "The Takeout" with his reaction to the moment and to discuss the state of the economy.
Bitcoin has erased all of its 2025 gains and is on track for its worst monthly performance since 2022. Here's what experts say about the decline.
The government's latest jobs data could affect whether Federal Reserve officials continue their push to ease borrowing costs.
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.
Federal prosecutors are investigating Minnesota Gov. Tim Walz and Minneapolis Mayor Jacob Frey for allegedly impeding immigration agents, sources told CBS News, an extraordinary escalation in the Trump administration's clash with Democratic leaders.
Puerto Rico's former governor Wanda Vázquez was previously indicted in a federal corruption case.
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.
Tyler Robinson is charged with aggravated murder in Kirk's Sept.10 shooting on the Utah Valley University campus in Orem.
U.S. District Judge David Carter ruled the Justice Dept.'s demand for voter roll data would trample on Californians' privacy rights
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
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.
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.
Federal prosecutors are investigating Minnesota Gov. Tim Walz and Minneapolis Mayor Jacob Frey for allegedly impeding immigration agents, sources told CBS News, an extraordinary escalation in the Trump administration's clash with Democratic leaders.
Puerto Rico's former governor Wanda Vázquez was previously indicted in a federal corruption case.
Senate Democrats asked Homeland Security Committee Chairman Rand Paul to hold hearings on the federal law enforcement deployment in states.
U.S. District Judge David Carter ruled the Justice Dept.'s demand for voter roll data would trample on Californians' privacy rights
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.
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.
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'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.
Curtis International is recalling an additional 330,000 Frigidaire-brand minifridges to an existing recall after reports of the product catching fire.
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.
Puerto Rico's former governor Wanda Vázquez was previously indicted in a federal corruption case.
Senate Democrats asked Homeland Security Committee Chairman Rand Paul to hold hearings on the federal law enforcement deployment in states.
U.S. District Judge David Carter ruled the Justice Dept.'s demand for voter roll data would trample on Californians' privacy rights
Mexican president Claudia Sheinbaum has sought to placate President Trump and build a strong relationship between the U.S. and Mexico.
Denmark, Greenland and other NATO allies remain staunchly opposed to President Trump's efforts to acquire Greenland.
Some Americans are dropping their Affordable Care Act health plans after tax subsidies lapsed and their premiums spiked.
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.
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.
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.
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.
Mexican president Claudia Sheinbaum has sought to placate President Trump and build a strong relationship between the U.S. and Mexico.
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 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.
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.
Researchers excavated seven mummies along with the bones of 54 other cheetahs from a site near the city of Arar.
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.
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.
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
"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.
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.
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.
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.
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.
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.
Verizon says it's giving a $20 credit to customers affected an outage that disrupted service across the U.S.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
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.
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
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."
Lawyers for the man accused of killing Turning Point USA founder Charlie Kirk are trying to disqualify one of the prosecutors on the case. CBS News reporter Andres Gutierrez has more.
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.
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.
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.
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."
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
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.
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.
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.
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.
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.
Small standoffs between ICE and protesters in Minneapolis are continuing in the aftermath of Renee Good's death. Aurin Chowdhury, a member of the Minneapolis City Council, joins "The Takeout" to discuss.
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.
Lawyers for the man accused of killing Turning Point USA founder Charlie Kirk are trying to disqualify one of the prosecutors on the case. CBS News reporter Andres Gutierrez has more.
CBS News has learned the U.S. is sending more military resources to the Middle East in the wake of deadly anti-government protests in Iran. Senior national security correspondent Charlie D'Agata has the details.
Brendan Banfield is on trial for the murder of his wife Christine and another man, Joseph Ryan -- but it's the family au pair's role that has drawn attention in court this week as she testified against him. Juliana Peres Magalhães, who was romantically involved with Banfield, detailed an elaborate catfishing scheme meant to lure Ryan to the Banfield home and make it look like he stabbed Christine. Magalhães pleaded guilty to involuntary manslaughter in the murder of Joseph Ryan and is now cooperating with the government. In a special episode, 48 Hours correspondent Anne-Marie Green breaks down the latest developments in the trial with "48 Hours" producer Michelle Sigona.