Inflation causing housing affordability crisis
Rrecord-high inflation is making homelessness worse across the U.S., according to a report from the Washington Post. Rachel Siegel co-authored that article and joins Lana Zak on CBS News to discuss.
Federal Reserve
Fed says sharply higher interest rates may be needed
Fed officials were concerned at last month's meeting that consumers were starting to expect higher inflation in a self-perpetuating cycle.
Why unemployment will likely rise regardless of a recession
The hottest job market in a generation is slowing down: Here are signs that unemployment is likely to tick up soon.
The Chairman, ACLU, Genetic Revolution
Fed Chair Jerome Powell is asked if the Fed is done raising interest rates and whether or not he thinks President Trump can fire him; then, the ACLU's surprising new political strategy, modeled in part after the NRA; and, could gene therapy cure sickle cell anemia?
6/16: CBS News Mornings
Federal Reserve looking to slow spending amid record inflation; U.S. veterans who fought for Ukraine may have been captured
6/15: CBS News Mornings
Fed likely to announce interest rate hike; Texas lawmaker demands answers on police response.
Mortgage rates rise to nearly 6%
Potential home buyers face an increasingly complex housing market as mortgage rates rise and the average price to purchase an existing home in the U.S. reaches $400,000. George Ratiu, senior economist and manager of economic research at Realtor.com, joined CBS News' Tanya Rivero and Elaine Quijano to discuss.
Jobless claims down from previous week
According to the U.S. Department of Labor, initial jobless claims fell to 229,000 for the week ending June 18th. That's 2,000 fewer than the previous week. CBS News reporter Sarah Ewall-Wice joined Errol Barnett and Anne-Marie Green to discuss what these numbers mean for the U.S. economy and yesterday's congressional testimony on inflation from Federal Reserve Chair Jerome Powell.
Biden proposes gas tax holiday
CBS News' Tanya Rivero and Elaine Quijano sit down with Aaron Weinman, a finance correspondent for Insider, to discuss what is driving the financial markets, the probability of a recession, and President Biden's proposed gas tax holiday.
Fed will keep raising interest rates as long as appropriate
Fed Chairman Jerome Powell acknowledged recession is possible but later said its likelihood is not "particularly elevated right now."
MoneyWatch: Janet Yellen on recession fears
The Federal Reserve raised interest rates as all major stock averages ended last week in the negative, but U.S. Treasury Secretary Janet Yellen said a recession is neither "imminent" nor "inevitable." Akane Otani, a reporter at The Wall Street Journal, spoke with "CBS News Mornings" about Yellen's comments amid growing fears about the future of the economy.
Stock market ends volatile week with sharp losses
The U.S. stock market on Friday ended its worst week since March 2020. John Quelch, dean of the University of Miami Herbert Business School, joins CBS News senior investigative correspondent Catherine Herridge to discuss the state of the economy.
Biden pushes back on talk of recession
Economists are predicting a recession is imminent, while President Biden claims a recession is not inevitable. This comes after the Dow Jones lost more than 700 points Thursday. Wall Street Journal reporter Julia-Ambra Verlaine joins "CBS News Mornings" to discuss the latest.
MoneyWatch: Mortgage rates jump to 5.78%
Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years after the Federal Reserve raised its key rate by three-quarters of a point. CBS News' Lana Zak joins Carter Evans to discuss the impact of soaring rates on consumers.
More homebuyers may be priced out of the housing market
The Federal Reserve's biggest interest rate hike since 1994 will push mortgage rates higher, and that means more homebuyers may be priced out of the housing market. Danielle Hale, chief economist of Realtor.com, joined CBS News' Errol Barnett and Elaine Quijano discuss.
Financial expert talks impact of rate hike
The Federal Reserve raised interest rates by 0.75 percentage points Wednesday in an effort to fight inflation. CBS News Chief White House Correspondent Nancy Cordes reports on how the Biden administration is responding to the news, then CBS News Business Analyst Jill Schlesinger breaks down the impacts of this rate hike on the job market and your finances.
How to navigate the latest interest rate hike
The Federal Reserve has announced a 0.75% interest rate hike, the largest single increase since 1994. Gargi Chaudhuri, head of iShares Investment Strategy Americas for BlackRock, joins "CBS News Mornings" with advice for how Americans can use the hike to their benefit.
How the Fed's interest rate hike will impact your wallet
Federal Reserve's push to stem inflation could also make your credit card debt more expensive and impact home buyers.
How Fed's interest rate hike could impact consumers
The Federal Reserve announced Wednesday it is raising its benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994. CBS News correspondent Carter Evans reports on the decision. Then, Megan Greene, global chief economist for the Kroll Institute and a senior fellow at the Harvard Kennedy School, joins CBS News to discuss how the increase could affect the consumers.
Biden calls on oil companies to produce more gas
In a letter to several oil companies, President Joe Biden asked them to work with the White House to bring down high gas prices. CBS News correspondent Skyler Henry and CBS News senior White House and political correspondent Ed O'Keefe report.
Fed issues largest rate hike in decades
The Federal Reserve issued its largest interest rate hike in nearly three decades as it tries to slow the economy without causing a recession. Carter Evans has more on what that means.
Fed hikes key interest rate 0.75 percentage points as it battles inflation
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Fed could announce largest hike in decades
The Federal Reserve is expected to announce its biggest interest rate hike in almost three decades. The bank is hoping to slow down surging prices on everything from rent to gas. CBS News chief White House correspondent Nancy Cordes reports and CBS News reporter Sarah Ewall-Wice joins Vladimir Duthiers and Anne-Marie Green to discuss the impending rate hike.
Fed could announce interest rate hike
The fight against sky-high inflation could enter a critical phase today as the Fed decides whether to raise interest rates. Director of portfolio strategy at Optimal Capital, Frances Stacy, joins CBS News Mornings with more analysis.
Fed rate hike expected to tackle inflation
The Federal Reserve is expected to announce its biggest rate hike amid growing fears of a recession. The Fed, which will announce its decision on Wednesday, could lift rates and mark the sharpest increase since 2000. Chief White House correspondent Nancy Cordes reports from the White House.
Exclusive
Coast Guard operating in "crisis" as shutdown halts pay, strains missions overseas
The Coast Guard will run out of funding to pay personnel on May 1, with the first missed paychecks expected May 15.
Live
U.S. carrier in Iran war set to leave in days as official reveals conflict's cost
The USS Gerald R. Ford aircraft carrier is expected to leave the Middle East in the coming days, a U.S. official confirmed to CBS News.
House adopts Senate-approved budget resolution to unlock ICE funding
The budget blueprint is the first step in Republicans' two-pronged plan to end the Department of Homeland Security shutdown.
As Iran war nears key 60-day deadline, Congress and Trump face choices
The War Powers Resolution sets deadlines for the president to end hostilities without congressional approval.
Secret Service officer shot at gala was not hit by friendly fire, sources say
Federal investigators have also determined that the suspected gunman, 31-year-old Cole Allen, fired his shotgun, the sources said.
Trump says U.S. may cut the number of American troops in Germany
President Trump said Wednesday he is considering reducing the number of U.S. forces in Germany, amid a spat with Germany's chancellor and the NATO alliance over Iran.
RFK Jr.'s healthy food agenda puts hospitals on notice about patients' meals
The backlash was immediate after the Trump administration served notice that hospitals and nursing homes should limit sugary drinks and dietary supplements in favor of what HHS terms "real food."
Iran war has cost $25 billion to date, defense official says
The war with Iran is now in its ninth week, and Congress is concerned about the reduction of global munition stockpiles and the ability to restock them.
King Charles III, Queen Camilla visit New York City
As part of his four-day trip to the U.S. to commemorate America's 250th birthday, King Charles III took part in a series of events in New York City.
U.S.
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Divers find wreck of iconic U.S. ship torpedoed in WWI, killing 131
The sinking of the Coast Guard Cutter Tampa killed 131 people, making it the largest loss of life on any U.S. combat ship during the war.
Exclusive
Coast Guard operating in "crisis" as shutdown halts pay, strains missions overseas
The Coast Guard will run out of funding to pay personnel on May 1, with the first missed paychecks expected May 15.
OpenAI sued by families of school shooting victims in Canada's Tumbler Ridge
Several families of victims of a mass shooting in Canada are suing OpenAI and its CEO, Sam Altman, alleging the company's generative AI chatbot, ChatGPT, played a role in the February shooting.
U.S. charges 10 Mexican officials, including Sinaloa governor, with drug trafficking
The U.S. government has charged the governor of Mexico's Sinaloa state and nine other current and former Mexican officials with drug trafficking and weapons offenses in a federal indictment.
Elon Musk tells court he was a "fool" for funding OpenAI
Elon Musk alleges that OpenAI reneged on a promise to operate as a nonprofit dedicated to human progress.
MoneyWatch
More MoneyWatch
Elon Musk tells court he was a "fool" for funding OpenAI
Elon Musk alleges that OpenAI reneged on a promise to operate as a nonprofit dedicated to human progress.
Ford to receive $1.3 billion government refund for Trump's IEEPA tariffs
Detroit automaker expects big financial boost from refund of tariffs struck down earlier this year by the Supreme Court.
Talks to bail out Spirit Airlines stall as company teeters toward collapse
Spirit Airlines only has enough available cash to continue operations for a matter of days, not weeks, and talks for a government-backed rescue of the no-frills carrier have stalled, sources say.
Powell to stay on Federal Reserve board as policy makers hold rates steady
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
TSA PreCheck offers discount to younger travelers. Here's what to know.
TSA is trying to encourage young travelers to enroll in its PreCheck program before summer travel kicks off.
Politics
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Exclusive
Coast Guard operating in "crisis" as shutdown halts pay, strains missions overseas
The Coast Guard will run out of funding to pay personnel on May 1, with the first missed paychecks expected May 15.
As Iran war nears key 60-day deadline, Congress and Trump face choices
The War Powers Resolution sets deadlines for the president to end hostilities without congressional approval.
RFK Jr.'s healthy food agenda puts hospitals on notice about patients' meals
The backlash was immediate after the Trump administration served notice that hospitals and nursing homes should limit sugary drinks and dietary supplements in favor of what HHS terms "real food."
House adopts Senate-approved budget resolution to unlock ICE funding
The budget blueprint is the first step in Republicans' two-pronged plan to end the Department of Homeland Security shutdown.
In crowded CA gubernatorial debate, Democrats spar while Republicans blame incumbents
The primary election in California's gubernatorial contest is just over a month away, and the race remains wide open.
HealthWatch
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RFK Jr.'s healthy food agenda puts hospitals on notice about patients' meals
The backlash was immediate after the Trump administration served notice that hospitals and nursing homes should limit sugary drinks and dietary supplements in favor of what HHS terms "real food."
Beyond crisis lines: How broader suicide prevention helps people in need
A new approach to suicide prevention shifts the focus from stopping harm in moments of crisis to upstream policies that give people reasons to live.
Big companies position themselves for payday from $50B federal rural health fund
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
A 13-year-old's kidney was failing. Then a stranger stepped in.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
Ben Sasse is on extended time. He credits "providence, prayer and a miracle drug."
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
World
More World
Divers find wreck of iconic U.S. ship torpedoed in WWI, killing 131
The sinking of the Coast Guard Cutter Tampa killed 131 people, making it the largest loss of life on any U.S. combat ship during the war.
As Iran war nears key 60-day deadline, Congress and Trump face choices
The War Powers Resolution sets deadlines for the president to end hostilities without congressional approval.
Press freedom worldwide is at lowest level in 25 years, watchdog group warns
Press freedom across the globe has fallen to its lowest level in a quarter of a century, Reporters Without Borders warned.
U.S. charges 10 Mexican officials, including Sinaloa governor, with drug trafficking
The U.S. government has charged the governor of Mexico's Sinaloa state and nine other current and former Mexican officials with drug trafficking and weapons offenses in a federal indictment.
Trump says U.S. may cut the number of American troops in Germany
President Trump said Wednesday he is considering reducing the number of U.S. forces in Germany, amid a spat with Germany's chancellor and the NATO alliance over Iran.
Entertainment
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Entertainment
Wilmer Valderrama on his 200th "NCIS" episode
As "NCIS" nears the highly-anticipated finale of season 23, it will also be star Wilmer Valderama's 200th episode on the show. He reflects on his time on the series and reveals the season finale will have "a lot of danger," adding, "we're setting a crazy tone for next season."
Reshaping the conversation about aging
Constance Zimmer, who co-hosts the podcast "Talk 50 to Me," talks about reframing the conversation among women about aging. The podcast features interviews with women in their 50s, talking about the realities of midlife.
FCC orders review of ABC broadcast licenses
The FCC has ordered an early review of the broadcast licenses for eight local stations owned by ABC. The move comes after President Trump and first lady Melania Trump demanded ABC fire late-night host Jimmy Kimmel. Ed O'Keefe reports.
FCC reviewing ABC licenses amid Kimmel feud
The Federal Communications Commission says it wants the Walt Disney Company to file for early license renewal for its television stations. The announcement comes one day after President Trump and the first lady called on ABC to fire late-night host Jimmy Kimmel. CBS News legal contributor Rebecca Roiphe joins with analysis.
FCC reviewing Disney licenses over DEI practices
One day after President Trump called on ABC to fire late-night host Jimmy Kimmel, the FCC said it will begin reviewing eight broadcasting licenses owned or managed by Disney due to the company's diversity policies. CBS News senior White House and political correspondent Ed O'Keefe has the latest.
Technology
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Technology
Tech companies post earnings amid bubble concerns
Four of the biggest tech companies reported earnings after the closing bell on Wednesday. Adam Levine, senior tech writer for Barron's, joins CBS News to discuss.
Elon Musk tells court he was a "fool" for funding OpenAI
Elon Musk alleges that OpenAI reneged on a promise to operate as a nonprofit dedicated to human progress.
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.
Comparing popular smartwatches right now
Smartwatches can measure everything from heart rate to step count, but which features are most accurate and are worth using? Vanessa Hand Orellana, CNET's lead wearable tech reporter, joins CBS News to discuss.
Musk testifies for 2nd day in OpenAI trial
Elon Musk testified for a second day on Wednesday in a trial that's pitting two tech titans against each other. Paresh Dave, senior writer at Wired, joins CBS News to discuss.
Science
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Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Saving the Venus fly trap
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
From 1990: NASA launches Hubble Telescope
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
Crime
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Crime
New details on D.C. press dinner shooting
The Justice Department released a photo allegedly showing the suspect in the White House Correspondents' Dinner shooting, roughly 30 minutes before he rushed past security at the event. CBS News' Sam Vinograd has more.
Prosecutors allege D4vd killed teen to silence her
Prosecutors on Wednesday alleged singer D4vd killed Celeste Rivas Hernandez to silence her "before she ruined his music career." CBS News Los Angeles reporter Hunter Sowards has the latest.
Nick Reiner appears in court
Nick Reiner appeared in a Los Angeles courtroom on Wednesday, several weeks after pleading not guilty in the grisly death of his famous parents, Rob and Michelle Reiner. Carter Evans has more details.
New evidence released in D.C. shooting
Cole Allen, the man accused of trying to assassinate President Trump at the White House Correspondents' Dinner on Saturday, took a mirror selfie, allegedly gearing up for battle, officials said. Matt Gutman reports.
James Comey makes court appearance
Former FBI Director James Comey made his first court appearance in Virginia on Wednesday, charged with threatening President Trump. A grand jury indicted Comey yesterday over a social media post he made last year. CBS News Department of Justice reporter Jake Rosen has more.
Space
More Space
SpaceX launches Falcon Heavy rocket carrying powerful satellite
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
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
Sneak peek: The Love Bombing of Gloria Choi
ALL NEW: A dream romance ends in murder after a woman falls for a stranger. "48 Hours" correspondent Natalie Morales reports Saturday, May 2 at 10/9c on CBS and streaming on Paramount+.
Highlights of King Charles' visit to U.S.
King Charles III and Queen Camilla's first trip to the U.S. as monarchs kicked off in Washington, D.C., for a state visit, where he delivered a historic speech to a joint meeting of Congress and presented President Trump with a WWII-era submarine bell. Here are some highlights of the monarchs' visit.
Highlights from Pete Hegseth's testimony
Defense Secretary Pete Hegseth and other top officials testified on Wednesday as the Defense Department seeks a $1.5 trillion budget from Congress. Hegseth got into heated exchanges with Democrats on the House Armed Services Committee and claimed those who oppose the war in Iran are enemies. Acting Pentagon comptroller Jules Hurst also revealed that the conflict has cost the U.S. about $25 billion.
New details on D.C. press dinner shooting
The Justice Department released a photo allegedly showing the suspect in the White House Correspondents' Dinner shooting, roughly 30 minutes before he rushed past security at the event. CBS News' Sam Vinograd has more.
Breaking down Louisiana voting rights case
The Supreme Court handed down a ruling on Wednesday, weakening the Voting Rights Act. The case was about a Louisiana congressional map that added a second majority-Black district to the state. In a three-to-six decision, the court said the new map constituted racial gerrymandering. CBS News' Jessica Levinson and David Becker break down the ruling and Rep. Troy Carter of Louisiana shares his reaction.