Fed chair Kevin Warsh testifies
Federal Reserve Chair Kevin Warsh testified on Capitol Hill about the U.S. economic outlook and took questions about fiscal policy. Taurean Small has more after new data shows inflation cooled in June.
Federal Reserve
Supreme Court rejects Trump bid to fire Fed's Lisa Cook as legal case continues
The Supreme Court allowed Lisa Cook to continue in her post as a member of the Federal Reserve Board of Governors while legal proceedings over President Trump's attempt to fire her continue.
Trump reacts to Supreme Court firing rulings
President Trump posted his reaction on social media Monday after the Supreme Court ruled that his firing of Federal Trade Commission member Rebecca Slaughter was lawful, but that he is not allowed to fire Federal Reserve Commissioner Lisa Cook, as legal proceedings continue. CBS News' Olivia Rinaldi has more.
Supreme Court rules on Trump's firings
The Supreme Court ruled Monday that President Trump cannot fire Fed governor Lisa Cook while legal proceedings continue, but that his firing of Federal Trade Commission member Rebecca Slaughter was lawful. CBS News' Jan Crawford and contributors Rebecca Roiphe and Jessica Levinson have the latest.
Supreme Court issues final rulings for term
The Supreme Court ruled against President Trump's bid to fire Lisa Cook, a member of the Federal Reserve Board of Governors, while legal proceedings over President Trump's attempt to fire her continue. The ruling comes as the highest court approaches the end of its term. Tony Dokoupil anchored this CBS News special report.
Why Fed may raise interest rates this year
The Federal Reserve's preferred inflation gauge climbed to 4.1% in May, its highest level in more than three years. Greg Robb, economics editor at MarketWatch, joins with analysis.
Key inflation gauge at highest level since 2023
The Federal Reserve's preferred inflation gauge climbed to 4.1% in May, its highest level in more than three years. Josh Schafer, Barron's Investor Circle Newsletter editor, joins with analysis.
Greenspan's "irrational exuberance" and politics
Alan Greenspan, who chaired the Federal Reserve under four U.S. presidents, died Monday at 100. In 1996, Greenspan warned about what he called "irrational exuberance." CBS News chief Washington correspondent Major Garrett explains how the phrase is exemplified in today's politics.
Alan Greenspan, Fed chair under 4 U.S. presidents, dies at age 100
Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
From the archives: Alan Greenspan on systematic fear in the economy
Alan Greenspan, who worked with four presidents during his 18-year tenure as chair of the Federal Reserve, died Monday, June 22, 2026, at age 100. In this Oct. 20, 2013 "Sunday Morning" profile, Greenspan talked with Anthony Mason about what he learned from overseeing the American economy during a period of sustained growth, prior to the 2008 collapse; how to measure irrational human behavior in predicting the market; and how America's economic system is built upon trust, saying, "You break trust down, and the system implodes." Mason also talked with Greenspan's wife, NBC journalist Andrea Mitchell, about her husband's obsession with writing.
Alan Greenspan dies at 100
Alan Greenspan, a former chair of the Federal Reserve, has died at the age of 100. Greenspan led the Fed under four U.S. presidents.
Oil prices drop for first time in months
Gas prices have dropped in reaction to President Trump signing a memorandum of understanding with Iran -- but they're still a dollar higher than they were before the war, according to AAA data. CBS News business analyst Jill Schlesinger explains how markets are reacting to global relations.
Warsh on reasons for interest rate decision
Federal Reserve Chair Kevin Warsh announced no change to interest rates at his first meeting. This comes as uncertainty remains on the Iran war, which has economically slammed the U.S. and other nations. Business Insider's Akin Oyedele has more.
Fed keeps interest rates steady
As was widely expected, the Federal Reserve unanimously voted to keep interest rates unchanged on Wednesday. CBS News coordinating producer Richard Escobedo has more details.
Federal Reserve holds interest rates steady but leaves door open to hike
U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.
Warsh announces plan to reshape Federal Reserve
The Federal Reserve unanimously voted Wednesday to keep interest rates unchanged. It was the first rate decision under the new chair, Kevin Warsh. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Dow falls after Fed holds interest rates steady
The Federal Reserve maintained its benchmark interest rate on Wednesday in its first meeting with Kevin Warsh as chair. CBS News MoneyWatch correspondent Kelly O'Grady reports from the New York Stock Exchange.
What to expect as Kevin Warsh leads his first Fed interest rate meeting
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
Fed expected to keep interest rates steady
Investors expect the Federal Reserve to keep its current interest rate steady on Wednesday as new chair Kevin Warsh helms his first meeting. Barron's reporter Josh Schafer has more on Warsh and the rate decision.
Expectations of Fed interest rate decision
The Federal Reserve on Wednesday will hand down its first interest rate decision under its new chairman, Kevin Warsh. It comes as inflation continues to rise. Kelly O'Grady explains how the outcome could impact you.
Warsh prepares for Federal Reserve meeting
Federal Reserve Chair Kevin Warsh is set to lead his first meeting and announce what's next for the nation's interest rate. CBS News' Kelly O'Grady reports.
What May inflation signals about state of economy
Inflation in the U.S. accelerated in May to its highest level in more than three years. CBS News' Kelly O'Grady breaks down the numbers.
Breaking down May's inflation report
Inflation surged again in May due to high energy costs and supply constraints worsened by the Iran war. Madison Mills, a senior reporter at Axios, joins to discuss.
First inflation report under new Fed chief shows prices still rising
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
Kevin Warsh is now leading the Fed. His main challenge is a doozy.
Warsh is taking over as Fed chair as the U.S. faces the hottest inflation in years, impeding the interest rate cuts that President Trump has demanded.
Live
Iran launches attacks on Jordan and Bahrain as hostilities flare
U.S. forces launched new strikes Tuesday on targets connected to Iran's Revolutionary Guard, marking another round of attacks this week as the U.S. and Iran return to hostilities.
Edouard weakens to depression as heavy rain hits southeastern Texas
Edouard weakened to a tropical depression Tuesday night as wind and heavy rainfall continued to sweep southeastern Texas, the National Hurricane Center said.
House votes to condemn socialism, with 8 Democrats joining Republicans
GOP leaders scheduled the vote after Democratic primary voters embraced a number of democratic socialist candidates.
Markey defeats Moulton in Massachusetts' Democratic primary for Senate
Incumbent Sen. Ed Markey has won the Democratic nomination for U.S. Senate in Massachusetts.
Here are the military officials who've been fired or resigned under Hegseth
At least 20 generals, admirals and civilian defense leaders have been fired or have departed their jobs since Pete Hegseth became defense secretary at the beginning of the second Trump administration.
Charlie Kirk's alleged killer will stand trial for aggravated murder, judge rules
Judge Tony Graff said prosecutors have enough evidence against Tyler Robinson to put the 23-year-old on trial on a charge that could see him face the death penalty.
House censures Rep. Chuck Edwards over "inappropriate conduct" toward aides
The House Ethics Committee detailed the North Carolina Republican's "unprofessional and inappropriate conduct" toward two young women who worked for him.
Police officer charged after fatally shooting student at wrong home
Upper Pottsgrove Police Cpl. Sean Farrell was charged with voluntary manslaughter in the fatal shooting of Glenwood Earl Pysher IV on Aug. 23, officials said.
How long could the Lindsay Clancy jury remain deadlocked?
Karen Read's first trial ended with a hung jury. Here's a look at how those deliberations played out as the Lindsay Clancy jury says it is deadlocked.
U.S.
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Defense attorney believes jury had "preconceived notions" in Tupac trial
Duane "Keffe D" Davis was convicted of first-degree murder nearly 30 years after the drive-by shooting that killed Tupac Shakur.
Tiger Woods to change not guilty plea in Florida DUI case, court records show
Court documents show that Tiger Woods plans to change his not guilty plea in a DUI case stemming from a rollover crash in Florida.
Charlie Kirk's alleged killer will stand trial for aggravated murder
Judge Tony Graf said prosecutors have enough evidence against Tyler Robinson to put the 23-year-old on trial on a charge that could see him face the death penalty.
How long could the Lindsay Clancy jury remain deadlocked?
Karen Read's first trial ended with a hung jury. Here's a look at how those deliberations played out as the Lindsay Clancy jury says it is deadlocked.
House censures Rep. Chuck Edwards over "inappropriate conduct" toward aides
The House Ethics Committee detailed the North Carolina Republican's "unprofessional and inappropriate conduct" toward two young women who worked for him.
MoneyWatch
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Trump says Venezuelan oil could replenish depleted U.S. stockpiles. Will it?
President Trump framed last week's deal for the U.S. government to take a stake in Venezuelan oil as a boon for the depleted Strategic Petroleum Reserve. But the plan faces some hurdles, experts say.
Rising bond yields threaten to push up U.S. borrowing costs
The U.S. bond market influences how much American consumers pay for loans and the interest they can earn on their savings accounts.
Modest pay hikes next year could leave some workers lagging inflation
Employers are likely to offer limited salary increases in 2027 amid ongoing economic uncertainty, according to a survey of 1,000 businesses.
Ford recalls nearly 149,000 Mustang vehicles over potential power issue
A potential wiring issue could lead to vehicles losing power or disruption of other functions, such as windshield wipers and headlights.
IRS audit revenue plunged following workforce reductions, watchdog finds
IRS audits collected $3.5 billion less in fiscal 2025 as the agency shed thousands of auditors and other agency staffers.
Politics
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Here are the military officials who've been fired or resigned under Hegseth
At least 20 generals, admirals and civilian defense leaders have been fired or have departed their jobs since Pete Hegseth became defense secretary at the beginning of the second Trump administration.
House censures Rep. Chuck Edwards over "inappropriate conduct" toward aides
The House Ethics Committee detailed the North Carolina Republican's "unprofessional and inappropriate conduct" toward two young women who worked for him.
House votes to condemn socialism, with 8 Democrats joining Republicans
GOP leaders scheduled the vote after Democratic primary voters embraced a number of democratic socialist candidates.
Trump says Venezuelan oil could replenish depleted U.S. stockpiles. Will it?
President Trump framed last week's deal for the U.S. government to take a stake in Venezuelan oil as a boon for the depleted Strategic Petroleum Reserve. But the plan faces some hurdles, experts say.
Congress passes funding bill to avoid shutdown before midterms
The House on Tuesday passed a measure to extend government funding into December, averting a shutdown in the final stretch of the midterm campaign.
HealthWatch
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The market forces quietly adding thousands to patient bills
The true cost of "vertical integration": Patients directed to a higher-priced location for procedures. Or forced to buy from their insurer's wholly owned pharmacy, which may not stock the drug prescribed or provide it at the lowest price.
Trump inks deal with 9 pharmaceutical companies to lower drug costs
The White House said the agreements will reduce costs to treat Parkinson's disease, macular degeneration, glaucoma, liver disease and other illnesses.
Man with sinus infection symptoms diagnosed with heart condition
Marc Gaudisosi thought his symptoms were caused by a sinus infection. Then an urgent care told him to go to the hospital.
Juul can sell updated e-cigarette with age-verification system, FDA says
Juul plans to market the new device under the brand name Juul2, along with updated versions of its tobacco- and menthol-flavored cartridges.
2 airport workers die of malaria from mosquito on plane in Germany
Caused by parasites spread via Anopheles mosquitoes, malaria can cause symptoms including nausea, headache and intense waves of fever and chills.
World
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Spain's leader says Russia and Israel fueled immigration "disinformation"
Spain's Prime Minister Pedro Sánchez says "networks linked both to Russia and to Israel" helped spread rumors about immigration "to attack Europe and divide it."
U.K. man accused of drugging, abusing wife with other men goes on trial
The case has drawn parallels to that of Gisèle Pelicot, who publicly testified against her ex-husband in a 2024 mass rape trial.
First on CBS
American among thousands missing in Nepal contacted, officials say
Nepali officials tell CBS News they have contacted a U.S. national among the more than 4,000 people still missing in the wake of the deadly flash floods.
U.S.-Venezuela oil deal will rely on North American Blue Energy Partners
The Trump administration's plan to take a stake in tens of billions of barrels of Venezuelan oil reserves will hinge on a private company called North American Blue Energy Partners, the White House announced Monday.
Lionel Messi says he is retiring from the Argentina national soccer team
Lionel Messi played in six World Cups and led Argentina to win the tournament in 2022 in Qatar.
Entertainment
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Entertainment
Danielle Brooks on "If I Go Will They Miss Me"
Danielle Brooks sits down with "CBS Mornings" to talk about her new movie, "If I Go Will They Miss Me," and how being a mother and wife helped her in portraying the role.
Lionel Richie hospitalized after weekend show
While performing in St. Louis on Saturday night, Lionel Richie appeared at one point to lean on a piano for support, according to video from the show.
John Galliano's Met Gala exhibit canceled
John Galliano's exhibit for the 2027 Met Gala has been canceled after weeks of backlash over his past antisemitic and racist comments. CBS News fashion contributor Lauren Sherman reports.
Jury finds Davis guilty in 1996 murder of Tupac
A Las Vegas jury on Monday found Duane "Keffe D" Davis guilty in the 1996 murder of Tupac Shakur. CBS News legal reporter Katrina Kaufman has more.
Closing arguments in Tupac Shakur murder trial
The jury heard closing arguments Monday in the trial of Duane "Keffe D" Davis, the man accused of orchestrating the shooting that killed rapper Tupac Shakur. Celebrity attorney Chris Melcher joins to discuss the case.
Technology
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Technology
What to expect from John Ternus as Apple CEO
John Ternus officially took over for Tim Cook as Apple CEO on Tuesday, becoming the tech giant's first new leader in 15 years. CBS News' Jo Ling Kent reports and CBS News contributor Patrick McGee breaks down what to expect.
John Ternus is Apple's new CEO
John Ternus is stepping up and into the shoes of former Apple CEO Tim Cook. CBS News' Jo Ling Kent reports, plus Puck AI correspondent Ian Krietzberg shares his thoughts on the Apple turnover and the Hugging Face AI breach.
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.
MapQuest hits No. 1 on App Store after refusing to rename Lake Ontario
MapQuest topped ChatGPT as Apple's most-downloaded free app after the digital mapping company said it would keep "historical, familiar" lake names.
Apple's new CEO takes over
John Ternus begins his tenure as Apple's new CEO on Tuesday, marking a historic shift for the company. Jo Ling Kent reports.
Science
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Science
Vote on the fattest marmot now
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA plans to launch new space telescope
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Crime
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Defense attorney believes jury had "preconceived notions" in Tupac trial
Duane "Keffe D" Davis was convicted of first-degree murder nearly 30 years after the drive-by shooting that killed Tupac Shakur.
Robinson to stand trial in Kirk killing
A judge ruled Tuesday that accused Charlie Kirk shooter Tyler Robinson will stand trial in the killing of the late conservative activist, where he could face the death penalty.
Charlie Kirk's alleged killer will stand trial for aggravated murder
Judge Tony Graf said prosecutors have enough evidence against Tyler Robinson to put the 23-year-old on trial on a charge that could see him face the death penalty.
Duane Davis' attorney on his conviction
Michael Sanft, Duane "Keefe D" Davis' defense attorney, joins "The Daily Report" to discuss his client's conviction for the 1996 murder of Tupac Shakur and shares his concerns about the jury's "preconceived notions."
Officer charged in fatal student shooting
A 22-year-old college baseball player was gunned down in Pennsylvania last week after knocking on the wrong door. On Tuesday, a 58-year-old police corporal was charged with manslaughter. Tom Hanson reports.
Space
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NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX 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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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Robinson to stand trial in Kirk killing
A judge ruled Tuesday that accused Charlie Kirk shooter Tyler Robinson will stand trial in the killing of the late conservative activist, where he could face the death penalty.
What to expect from John Ternus as Apple CEO
John Ternus officially took over for Tim Cook as Apple CEO on Tuesday, becoming the tech giant's first new leader in 15 years. CBS News' Jo Ling Kent reports and CBS News contributor Patrick McGee breaks down what to expect.
Duane Davis' attorney on his conviction
Michael Sanft, Duane "Keefe D" Davis' defense attorney, joins "The Daily Report" to discuss his client's conviction for the 1996 murder of Tupac Shakur and shares his concerns about the jury's "preconceived notions."
Marine veteran on Trump's Iran strategy
CBS News contributor Elliot Ackerman, a Marine Corps veteran, breaks down President Trump's military strategy as the U.S. launches new strikes over Iran's alleged interference with the passage of ships in the Strait of Hormuz.
House censures Chuck Edwards after Ethics probe
The House on Tuesday voted to censure Republican Rep. Chuck Edwards of North Carolina over "inappropriate conduct" toward aides. Edwards denies the allegations.