Who will Trump pick for Fed?
President Trump says he is "thinking about" keeping Janet Yellen on as chair of the Federal Reserve board. Trump made the remarks in an interview with FOX Business Network's Lou Dobbs.
Federal Reserve
Yellen: Federal spending could drive a rise in interest rates
The Treasury secretary's remarks come as the president is pushing two proposals totaling $4 trillion.
Latest MoneyWatch headlines
Fed to decide interest rates Wednesday, Time Inc. cuts 300 jobs, and tech stocks rebound. These headlines and more from CBS MoneyWatch
Latest MoneyWatch headlines
The Fed begins a two-day meeting to decide interest rates, and tech stocks under pressure as growth concerns rise. These headlines and more from CBS MoneyWatch.
Latest Moneywatch headlines
Fed downplays Q1 weakness; Japan wants smaller Pacific trade pact; and American Airlines plans to cut legroom. These headlines and more from CBS MoneyWatch.
Ben Bernanke interview
Former Federal Reserve chairman Ben Bernanke joins CBSN to discuss the government spending bill and President Trump's challenges with economic growth.
Fed Hikes Interest Rates
The Federal Reserve raised interest rates, which could affect mortgage rates and credit card payments. Yahoo finance markets reporter Myles Udland joins CBSN to discuss.
Interest rate hike
The Federal Reserve has raised its benchmark interest rate from 0.75 percent to 1 percent. Scott Gamm, correspondent for TheStreet TV, joins CBSN to discuss how this will affect the economy.
Fed calls inflation "transitory," holds interest rates steady
Signs of economic growth are stoking fears of price hikes, but Fed policymakers say any inflation will be short-lived.
Interest-rate hike?
In a much anticipated speech Friday at the Central Bank's annual Jackson Hole Summit, Federal Reserve Chair Janet Yellen expressed optimism about the U.S. economy. Most experts expect the Central Bank will raise its historic low interest rate before the end of the year. Financial expert Vera Gibbons, senior consumer analyst with GasBuddy.com, joins "CBS This Morning" to discuss the "ambiguity" of a possible interest-rate hike and factors to watch for, including the upcoming August jobs report.
Fed sees economy grow
A new Federal Reserve survey finds modest economic growth in most parts of the U.S.; Amazon says Prime Day was its biggest sales-volume day ever; and Forbes says Dallas Cowboys are worth $4 billion. These headlines and more from CBS MoneyWatch.
Federal Reserve Chair Janet Yellen testifies before a Senate committee on the state of the U.S. economy; nearly 30 percent of Americans lack any emergency savings; and a consumer index says Chick-fil-A is America's favorite fast-food chain
Federal Reserve Chair Janet Yellen testifies before a Senate committee on the state of the U.S. economy; nearly 30 percent of Americans lack any emergency savings; and a consumer index says Chick-fil-A is America's favorite fast-food chain. These headlines and more from CBS MoneyWatch.
As expected, the Federal Reserve made no change to its policy, but in a shift, the central bank lowered its projections of how much it expects to raise short-term interest rates in the coming years
As expected, the Federal Reserve made no change to its policy, but in a shift, the central bank lowered its projections of how much it expects to raise short-term interest rates in the coming years. That's good news for borrowers but bad for savers, who continue to struggle to earn more with their nest eggs. Jill Schlesinger reports.
Chairman of the Federal Reserve, Whistleblower, The Reckoning
Federal Reserve Chairman Jerome Powell on the coronavirus-ravaged economy; Then, The government whistleblower who says the Trump administration's coronavirus response has cost lives; And, What will be the long-term effects of the coronavirus pandemic?
Bipartisan meeting set on infrastructure plan
President Biden and Vice President Harris are expected to meet with a small group of bipartisan lawmakers Monday at the White House to discuss the $2.3 trillion infrastructure proposal. Republicans have raised concerns over the size and cost of the package, while some Democrats say it needs to be even bigger. CBS News chief White House correspondent Nancy Cordes joins CBSN AM with the latest.
Fed Chair on money market funds
Jerome Powell said money market funds need to be "resilient enough" to handle future liquidity shocks, and without federal assistance.
Fed Chair Jerome Powell: America is going back to work
Federal Reserve Chairman Jerome Powell gives his thoughts on how the economy is rebounding from the COVID-19 pandemic. Scott Pelley reports.
Fed Chair on federal budget
When asked if continued spending on infrastructure and COVID-19 relief could set off inflation, Jerome Powell said he doesn't "see that now" and the economy needs to fully recover before spending levels "return to a sustainable path."
Fed Chair on Archegos collapse
The Chairman of the Federal Reserve said the fallout from the collapse of Archegos Capital, its investments included ViacomCBS, was the result of a "risk management breakdown" and the Fed will take a closer look "to make sure it never happens again."
Fed Chair on U.S. digital dollar
Jerome Powell said a potential U.S. digital dollar is being evaluated by the Federal Reserve, and it would require careful consideration before being introduced. When asked if the rise of cryptocurrencies was a motivation, he said they are not "concerning at this point."
Fed discussed how bad it would get
With COVID-19 wreaking havoc on the U.S. economy a year ago, Jerome Powell and his advisors at the Fed considered the possibility of a Great Depression scenario.
Jerome Powell: Full 2021 60 Minutes interview transcript
The complete text of Scott Pelley's interview with the Federal Reserve chairman.
Fed Chair Jerome Powell on Archegos collapse
In a conversation with Scott Pelley about the economic outlook, Powell also commented on the fallout from the Archegos Capital collapse, last year's bailout of money market funds, and the potential development of a U.S. digital dollar.
Jerome Powell: The 2021 60 Minutes Interview
Federal Reserve Chairman Jerome Powell gives his thoughts on how the economy is rebounding from the COVID-19 pandemic. Scott Pelley reports.
The Federal Reserve raises short-term interest rates, California unveils a proposal to regulate self-driving cars and more
The Federal Reserve raises short-term interest rates, California unveils a proposal to regulate self-driving cars and more. CBS News MoneyWatch's Jill Wagner has today's CBSN business headlines.
Trump claims he's brought down prices, touts military bonuses in year-end address
In President Trump's speech Wednesday night, he touted new military bonuses, his tariffs and economic policies.
House passes GOP health care bill without ACA subsidy extension
The House has passed a GOP health care bill that does not include an extension of Affordable Care Act tax credits.
Witnesses' description of Brown shooter matches person of interest, police say
As the search entered its fifth day, authorities have so far been unable to identify a person of interest in the shooting that killed two students and wounded nine others over the weekend.
Trump expected to sign order reclassifying marijuana as a Schedule III drug
President Trump is expected to sign an order that would reschedule marijuana to a lower drug classification, according to two sources, in one of the most significant changes to drug policy in decades.
U.S. strikes another alleged drug boat in Eastern Pacific, killing 4, Pentagon says
The U.S. military says it has conducted 26 strikes on alleged drug-trafficking vessels in the Eastern Pacific or Caribbean since early September, killing at least 99 people.
U.S. government admits fault in deadly midair collision that killed 67 near D.C.
A filing states that the crew of the Army Black Hawk helicopter failed to establish and maintain proper and safe visual separation with a regional American Eagle flight that was approaching Reagan National Airport near Washington, D.C.
Dan Bongino leaving post as FBI deputy director next month
FBI Deputy Director Dan Bongino will be leaving his role in January, he announced in a social media post on Wednesday.
Rob and Michele Reiner's children speak out after brother's arrest
Jake and Romy Reiner released a statement on Wednesday, remembering their parents, Rob Reiner and Michele Singer Reiner, as their best friends.
Powerball jackpot hits estimated $1.5 billion
The Powerball jackpot leaped to an estimated $1.5 billion after no one won Wednesday night's pot of gold of approximately $1.25 billion.
U.S.
More U.S.
Peter Arnett, Pulitzer Prize-winning war correspondent, dies at 91
Peter Arnett, the Pulitzer Prize-winning correspondent who covered the Vietnam and Gulf wars, has died. He was 91.
Powerball jackpot hits estimated $1.5 billion
The Powerball jackpot leaped to an estimated $1.5 billion after no one won Wednesday night's pot of gold of approximately $1.25 billion.
U.S. government admits fault in deadly midair collision that killed 67 near D.C.
A filing states that the crew of the Army Black Hawk helicopter failed to establish and maintain proper and safe visual separation with a regional American Eagle flight that was approaching Reagan National Airport near Washington, D.C.
Trump claims he's brought down prices, touts military bonuses in year-end address
President Trump's speech Wednesday night looked back on his first year and ahead to the next three. He touted new military bonuses, his tariffs and economic policies in a brief address.
Medical examiner releases causes of death for Rob and Michele Reiner
Rob Reiner and Michele Singer Reiner died of "multiple sharp force injuries," the Los Angeles County Medical Examiner's Office said Wednesday.
MoneyWatch
More MoneyWatch
Recalled salad dressings could contain "foreign objects," FDA warns
Onions used to make the salad dressings could contain "black plastic planting material," according to food regulators.
Poll: Americans say holidays are costing them more, some are scaling back
Negative views of the nation's economy persist as 2025 draws to a close.
Recalled ice cream sold nationwide could contain "small stones," FDA says
The recall affects So Delicious Dairy Free's Salted Caramel Cluster ice cream with best by dates of Aug. 8, 2027.
The Oscars is moving to YouTube starting in 2029
The Oscars ceremony is moving to YouTube starting in 2029, the Academy of Motion Picture Arts and Sciences announced on Wednesday.
How will the stock market perform in 2026? Wall Street pros weigh in.
Wall Street analysts expect another strong year in stocks in 2026, propelled by continued AI sector gains and additional Fed interest-rate cuts.
Politics
More Politics
U.S. strikes another alleged drug boat in Eastern Pacific, killing 4, Pentagon says
The U.S. military says it has conducted 26 strikes on alleged drug-trafficking vessels in the Eastern Pacific or Caribbean since early September, killing at least 99 people.
Trump claims he's brought down prices, touts military bonuses in year-end address
President Trump's speech Wednesday night looked back on his first year and ahead to the next three. He touted new military bonuses, his tariffs and economic policies in a brief address.
Ghislaine Maxwell asks court to toss out her conviction
Ghislaine Maxwell asked a federal judge on Wednesday to vacate her 2021 conviction on sex trafficking charges, just two days before the federal government is expected to release a massive trove of documents on Jeffrey Epstein.
Judge blocks ICE from requiring lawmakers to provide notice before jail visits
A federal judge temporarily blocked a Trump administration policy that sought to require members of Congress to submit requests a week before visiting ICE detention facilities.
U.S. government lawsuit accuses Virgin Islands of obstructing Americans' gun rights
A Second Amendment clash has erupted between the federal government and the U.S. Virgin Islands.
HealthWatch
More HealthWatch
Measles outbreaks worsen in South Carolina, Arizona and Utah
Nationally, the measles case count is nearing 2,000 for a disease that has been considered eliminated in the U.S. since 2000, a result of routine childhood vaccinations.
He made his brothers see a cardiologist. Each had advanced heart disease.
Kevin Murray was his family's health watchdog. His vigilance helped his brothers "avoid a real catastrophe."
Millions of Americans could see health plan costs double as ACA credits vanish
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
Vaccine vote signals turbulence for immunization policy, public trust
Clinicians and epidemiologists warn the decision could unravel decades of progress and expose newborns to a deadly, preventable disease.
Botulism outbreak tied to ByHeart products includes 51 babies in 19 states
Health officials say an infant botulism outbreak tied to ByHeart baby formula has been expanded to include all illnesses reported since the company began production in 2022.
World
More World
U.S. strikes another alleged drug boat in Eastern Pacific, killing 4, Pentagon says
The U.S. military says it has conducted 26 strikes on alleged drug-trafficking vessels in the Eastern Pacific or Caribbean since early September, killing at least 99 people.
U.S. government lawsuit accuses Virgin Islands of obstructing Americans' gun rights
A Second Amendment clash has erupted between the federal government and the U.S. Virgin Islands.
Democrats' push to limit boat strikes and attacks on Venezuela fails in House
The votes follow a monthslong military campaign against alleged drug smuggling boats in the Caribbean Sea and eastern Pacific Ocean.
U.K. police tout "more assertive" approach to antisemitism at protests
After Bondi Beach attack, Britain's two biggest police forces indicate they will arrest people who use "phrases causing fear in Jewish communities."
Arctic temperatures rising twice as fast as elsewhere, NOAA report says
Temperatures in the Arctic continue to follow a long-term warming trend, according to the National Oceanic and Atmospheric Administration.
Entertainment
More Entertainment
Medical examiner releases causes of death for Rob and Michele Reiner
Rob Reiner and Michele Singer Reiner died of "multiple sharp force injuries," the Los Angeles County Medical Examiner's Office said Wednesday.
Meg Ryan honors Rob Reiner and his wife Michele
Meg Ryan starred in Rob Reiner's "When Harry Met Sally...," a breakout role that catapulted her career in romantic comedies.
CBS News special celebrates Rob Reiner's life and legacy
The special features interviews with Kathy Bates, Annette Bening, Albert Brooks, Michael Douglas, Kiefer Sutherland, Jerry O'Connell and Mandy Patinkin.
Rob and Michele Reiner's children speak out after brother's arrest
Jake and Romy Reiner released a statement on Wednesday, remembering their parents, Rob Reiner and Michele Singer Reiner, as their best friends.
The Oscars is moving to YouTube starting in 2029
The Oscars ceremony is moving to YouTube starting in 2029, the Academy of Motion Picture Arts and Sciences announced on Wednesday.
Technology
More Technology
Technology
How artificial intelligence grew in 2025
In 2025, the integration of artificial intelligence into the U.S. economy and people's everyday lives grew to historic levels. CBS News senior business and technology correspondent Jo Ling Kent joins to recap how the transformative technology expanded over the past year, and what we can expect in 2026.
OpenAI, Amazon in talks over $10B investment
OpenAI, the developer for ChatGPT, and Amazon are in talks over a possible $10 billion investment. Mark DeCambre, editor-in-chief for MarketWatch, joins with more.
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.
Local pushback grows against AI data centers
A frenzy of development to support the artificial intelligence boom is prompting pushback from communities who say they don't want data centers in their backyards. Technology journalist Jacob Ward joins CBS News to discuss.
These are the most popular internet services of 2025, as AI gains traction
Global internet traffic rose 19% this year as people rely more on tech for daily communication and entertainment, a new report finds.
Science
More Science
Major climate research center on Trump administration chopping block
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."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Crime
More Crime
Crime
Police call for public help in Brown probe
The manhunt for the gunman who killed two students and wounded nine others at Brown University last weekend is now in its fifth day. CBS News legal reporter Katrina Kaufman has the latest from Providence, Rhode Island.
Medical examiner releases causes of death for Rob and Michele Reiner
Rob Reiner and Michele Singer Reiner died of "multiple sharp force injuries," the Los Angeles County Medical Examiner's Office said Wednesday.
Nick Reiner makes first court appearance
Nick Reiner made his first court appearance on Wednesday since being arrested for the killings of his parents, Rob and Michele. CBS News correspondent Adam Yamaguchi has more.
Police ask public for footage in Brown manhunt
Investigators remain stymied in the hunt for the Brown University gunman. CBS News legal reporter Katrina Kaufman has the latest.
Officials give update on Brown shooting manhunt
Officials gave an update Wednesday on the investigation into the Brown University shooting. CBS News' Katrina Kaufman and Anna Schecter have the latest.
Space
More Space
Jared Isaacman, billionaire who's flown with SpaceX, confirmed to lead NASA
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
"Wet lava ball" exoplanet may have an atmosphere, evidence shows
Super-Earth TOI-561b is about 40 times closer to its host star than Mercury is to the sun.
NASA says Maven spacecraft that was orbiting Mars has gone silent
NASA has lost contact with a spacecraft that's been orbiting Mars for more than a decade.
Black hole spotted blasting winds at 130 million miles per hour
The European Space Agency said that the black hole inside the spiral galaxy NGC 3783 has the mass of 30 million suns.
Latest Galleries
More Latest Galleries
Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
"Son of Sam": A serial killer's reign of terror
Calling himself the "Son of Sam" in a letter left at one of the crime scenes, David Berkowitz claimed voices were ordering him to kill -- starting in the summer of 1976, he went on a 13-month spree of impulse killings in New York City that left six dead and seven injured
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
The Uplift: Made with love
Visit a Uyghur restaurant in Southern California, where culture is shared and the food is made with love. Plus, a man who wanted to save his friends life by donating a kidney ends up saving his own life.
Takeaways from Trump's year-end address
President Trump addressed the nation from the White House on Wednesday night in a speech looking back on the first 11 months of his second term. Political strategists Joel Payne and Kevin Sheridan join with analysis. Then, CBS News chief White House correspondent Nancy Cordes joins to unpack Mr. Trump's remarks further.
Trump touts policies in year-end address
President Trump delivered remarks Wednesday night looking back at his first year back in office. Nancy Cordes reports.
Trump delivers year-end address to nation
President Trump delivered a prime-time address from the White House on Wednesday night, touting the administration's actions during the first 11 months of his second term and outlining his goals for the next three years. CBS News' Norah O'Donnell anchors a special report.
Measles entrenching in U.S., doctor says
A measles outbreak in South Carolina is worsening with 138 cases reported in the state. CBS News' Skyler Henry and Dr. Céline Gounder have more.