Fed chief: Virus hurting "those least able to bear its burdens"
Inequality is deepening the economic impact of COVID-19 on American workers, U.S. central bank chairman said.
Federal Reserve
Boston Fed predicts "double- digit unemployment" through end of 2020
Eric Rosengren says a vaccine is needed to have unemployment levels to return to pre-covid rates.
Stephen Moore withdrawing as Fed nominee
Stephen Moore, President Trump's pick for the Federal Reserve Board who had become highly controversial over his comments about women and his views on monetary policy, is withdrawing his name from consideration, the president tweeted Thursday afternoon. Reena Ninan has more.
Fed cuts key rate for 1st time in a decade
U.S. unemployment is down, and the economy is expanding, but concerns about slowing global growth has prompted the Federal Reserve to cut its key interest rate by a quarter-point for the first time in more than a decade. CBS News business analyst Jill Schlesinger joined CBSN to explain what's behind the decision.
Fed cuts key interest rate
The cost of borrowing is going down, but so is the return on savings, after the Federal Reserve cut a key interest rate. CBS News business analyst Jill Schlesinger joins "CBS Evening News" to explain how it will impact Americans.
What the Fed interest rate cut means for you
The cost of borrowing is coming down. For the first time since the 2008 financial crisis, the Federal Reserve cut interest rates. The central bank lowered the benchmark federal funds rate by a quarter percentage point Wednesday. The decision could make it easier for consumers to borrow money, on everything from credit cards to car loans. CBS News business analyst Jill Schlesinger joins "CBS This Morning" with a look at what the decision means for your wallet.
Potential impact of Fed interest rate cut
The Federal Reserve lowered interest rates by a quarter point for the first time in more than a decade. The aim is to bolster the U.S. economy amid early signs of a global slowdown. CBS News business analyst Jill Schlesinger joins CBSN to explain how the central bank's move impacts you.
Housing market reacts to Fed decision
Real estate expert Rogers Healy explains how the housing market is reacting to the Federal Reserve's decision to lower interest rates for the first time in a decade.
"Inverted yield curve" sparks recession fears
Investors are uncertain about the economy after the yield curve, an indicator on the bond market, inverted for the first time in more than a decade, potentially signaling the risk of recession. CBS News correspondent Don Dahler reported from the New York Stock Exchange.
Trump putting economy front & center for 2020
President Trump is focusing on the economy ahead of the 2020 election. But a recent CBS News poll shows Americans are split on the future of the economy. Axios' Alayna Treene, The Washington Post's Heather Long, and Republican strategist Kevin Sheridan join CBSN's "Red and Blue" to discuss.
NYT: Fed chips away at bank regulations
The Federal Reserve is making a series of changes to requirements put in place to prevent a repeat of the 2008 financial crisis. According to the New York Times, the changes could add up to a weakening of banks' ability to withstand financial losses if the economy takes a turn for the worse. New York Times Federal Reserve and economy reporter Jeanna Smialek joins CBSN to discuss.
What interest rate cuts mean for your money
Federal Reserve Bank leaders, working to prevent an economic slowdown, begin two days of meetings on Tuesday. Economists predict they will announce an interest rate cut of 25 basis points, or a quarter of a percent. It would be the second cut this year. CBS News business analyst Jill Schlesinger joins “CBS This Morning” to discuss how this could affect your bottom line.
Fed cuts interest rates for 3rd time in 2019
The Federal Reserve has lowered its benchmark interest rate for the third time this year, in a bid to shore up U.S. economic growth. The central bank also signaled that this rate cut might be the last for a while, barring a sharp downturn in the economy.
ICYMI: A look back at Sunday's 60 Minutes
This week on 60 Minutes: Federal Reserve Chairman Jerome Powell on the coronavirus-ravaged economy; Norah O'Donnell interviews whistleblower Rick Bright; And, what will be the long-term effects of the coronavirus pandemic?
Fed Chair Jerome Powell on the coronavirus-ravaged economy
The head of the U.S. central banking system tells Scott Pelley how high he thinks unemployment will go, what tools the Fed still has to breathe life into the economy and what outcomes he's trying to avoid on the road to economic recovery.
Fed Chair Powell: The U.S. won't have negative interest rates
As President Trump calls for negative rates, Federal Reserve Chairman Jerome Powell tells 60 Minutes the central bank won't lower interest rates below zero.
Full Transcript: Fed Chair Jerome Powell's 2020 60 Minutes interview
Jerome Powell lays out his thoughts on getting the economy back to its pre-coronavirus numbers. The transcript from the Federal Reserve chairman's interview with Scott Pelley.
Fed Chair Powell: No negative interest rates
As President Trump calls for negative rates, Federal Reserve Chairman Jerome Powell tells 60 Minutes the central bank won’t lower interest rates below zero.
Why the Fed chair keeps talking to 60 Minutes
The Chairman of the Federal Reserve seldom gives interviews, but Ben Bernanke and Jerome Powell have both granted them to Scott Pelley in trying times for the U.S. economy.
Why the Fed chair keeps talking to 60 Minutes
The Chairman of the Federal Reserve seldom gives interviews, but Ben Bernanke and Jerome Powell have both granted them to Scott Pelley in trying times for the U.S. economy.
Jerome Powell: The 2020 60 Minutes interview
The head of the U.S. central banking system tells Scott Pelley how high he thinks unemployment will go, what tools the Fed still has to breathe life into the economy and what outcomes he's trying to avoid on the road to economic recovery.
Fed chair says don't bet against American economy
"This economy will recover. It may take a while. It may take a period of time. It could stretch through the end of next year. We really don't know," Federal Reserve Chairman Jerome Powell told Scott Pelley.
Fed Chair Jerome Powell speaks to 60 Minutes
See the interview, Sunday at 7 p.m. ET/PT on CBS
Fed Chair Jerome Powell speaks to 60 Minutes
See the interview, Sunday at 7 p.m. ET/PT on CBS
Fed slashes interest rates
The Federal Reserve cut its benchmark interest rate by a half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. Axios chief financial correspondent Felix Salmon joins CBSN with the details.
Live
Justice Department releases initial trove of Epstein files under new law
The Justice Department has released records from the Epstein files, the first documents to come to light under a new law. Follow live updates here.
Motive sought after suspect in Brown shooting, MIT professor's murder found dead
The Brown University shooting suspect was found dead in a storage unit in New Hampshire. Authorities believe he is also responsible for killing an MIT professor.
Greg Biffle's wife texted "we're in trouble" before crash, her mother says
Cathy Grossu, the mother-in-law of retired NASCAR driver Greg Biffle, said she had seen the family a day before the fatal crash.
U.S. strikes ISIS targets in Syria, after killing of 2 soldiers and interpreter
The airstrikes on ISIS targets are being conducted in response to the killing of two U.S. Army soldiers and an civilian contractor by a lone terrorist in Palmyra, Syria.
Justice Dept. appealing decision tossing out James Comey and Letitia James cases
A federal judge ruled that Lindsey Halligan, the prosecutor who secured the indictments against them, was unlawfully appointed to her role as interim U.S. attorney.
How to view the Epstein files, and initial takeaways from the first documents
The Justice Department has disclosed thousands of files and photos related to late sex offender Jeffrey Epstein, following years of pressure from lawmakers and abuse survivors.
Investigators struggled to ID Brown suspect while gunman went on to kill again
The manhunt for the Brown University shooter was complicated by the early misidentification of a person of interest and limited, low-quality video footage.
Here's how much ACA costs would have risen this year without subsidies
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Rob Reiner's friends and colleagues share fond and funny memories
Friends and colleagues of Rob Reiner sat down with CBS News to share personal anecdotes and fond memories of him following the news of his tragic death.
U.S.
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Investigators struggled to ID Brown suspect while gunman went on to kill again
The manhunt for the Brown University shooter was complicated by the early misidentification of a person of interest and limited, low-quality video footage.
Justice Dept. appealing decision tossing out James Comey and Letitia James cases
A federal judge ruled that Lindsey Halligan, the prosecutor who secured the indictments against them, was unlawfully appointed to her role as interim U.S. attorney.
Rob Reiner's friends and colleagues share fond and funny memories
Friends and colleagues of Rob Reiner sat down with CBS News to share personal anecdotes and fond memories of him following the news of his tragic death.
Want to work in AI? Here are the skills to master, economist says
Rapid emergence of AI will foster demand for new types of workers, including "explainers" and bias auditors, according to economist Robert Seamans.
Stefanik ends bid for New York governor, says she won't seek reelection
Republican Rep. Elise Stefanik says she is suspending her campaign for governor of New York and will not seek reelection to Congress.
MoneyWatch
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Want to work in AI? Here are the skills to master, economist says
Rapid emergence of AI will foster demand for new types of workers, including "explainers" and bias auditors, according to economist Robert Seamans.
Here's how much ACA costs would have risen this year without subsidies
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Trump reaches deal with 9 major drugmakers to lower prices
Nine drug manufacturers will offer their drugs to Medicaid recipients at most-favored-nation discounts in exchange for tariff exemptions.
Judge in nursing home bankruptcy case gives families fresh hope
A bankruptcy judge blocked an attempt by a nursing home chain's primary investor to shield himself from settlement payments and liability in lawsuits over allegations of poor care.
DraftKings hopes to score big with new prediction markets app
Sports betting companies face mounting competition from rapidly growing prediction markets such as Kalshi and Polymarket.
Politics
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Justice Dept. appealing decision tossing out James Comey and Letitia James cases
A federal judge ruled that Lindsey Halligan, the prosecutor who secured the indictments against them, was unlawfully appointed to her role as interim U.S. attorney.
U.S. strikes ISIS targets in Syria, after killing of 2 soldiers and interpreter
The airstrikes on ISIS targets are being conducted in response to the killing of two U.S. Army soldiers and an civilian contractor by a lone terrorist in Palmyra, Syria.
How to view the Epstein files, and initial takeaways from the first documents
The Justice Department has disclosed thousands of files and photos related to late sex offender Jeffrey Epstein, following years of pressure from lawmakers and abuse survivors.
Stefanik ends bid for New York governor, says she won't seek reelection
Republican Rep. Elise Stefanik says she is suspending her campaign for governor of New York and will not seek reelection to Congress.
More than 60,000 pages of Epstein files already released so far this year
The latest deluge of files related to Jeffrey Epstein, released by the Justice Department, adds to a huge trove of documents and photos that have already been made public.
HealthWatch
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Here's how much ACA costs would have risen this year without subsidies
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Inside the FDA's vaccine uproar
A memo from Dr. Vinay Prasad, the head of the FDA's Center for Biologics Evaluation and Research, may signal an effort to to rewrite the rules governing the U.S. vaccine system.
Trump administration unveils proposals to cut off transgender care for minors
The proposals run counter to the recommendations of most major U.S. medical organizations.
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."
World
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U.S. strikes ISIS targets in Syria, after killing of 2 soldiers and interpreter
The airstrikes on ISIS targets are being conducted in response to the killing of two U.S. Army soldiers and an civilian contractor by a lone terrorist in Palmyra, Syria.
3 killed in knife attack in Taiwan, suspect falls to his death from store
Police said the suspect was declared dead at a hospital after jumping from the building's sixth floor, the Central News Agency reported.
Ukraine claims strike on oil tanker as Putin plays down peace prospects
Putin claims no "willingness from Ukraine" to negotiate a peace deal as he touts battlefield gains, and Kyiv claims a brazen strike on a ship far from Russia.
Australia announces gun buyback plan just days after Bondi Beach attack
Australia will use a sweeping buyback scheme to "get guns off our streets," Prime Minister Anthony Albanese said Friday.
TikTok signs deal for sale of U.S. operations to American investors
TikTok's China-based parent company ByteDance must sever ties with TikTok or lose access to U.S. app stores and web-hosting services
Entertainment
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Rob Reiner's friends and colleagues share fond and funny memories
Friends and colleagues of Rob Reiner sat down with CBS News to share personal anecdotes and fond memories of him following the news of his tragic death.
Kiefer Sutherland recalls "extraordinary" day on set with Rob Reiner
Kiefer Sutherland recalls Rob Reiner's reaction to filming Jack Nicholson's famous scene in "A Few Good Men."
Albert Brooks remembers his "oldest friend" Rob Reiner
Albert Brooks said he's still in shock over the death of his friend Rob Reiner, whom he met at 14 years old.
Kathy Bates says Rob Reiner "changed the course of my life" with "Misery" role
Kathy Bates rose to prominence with her Oscar-winning breakout role in Rob Reiner's adaptation of Stephen King's "Misery" in 1990.
Jelly Roll pardoned by Tennessee governor for robbery, drug convictions
Jelly Roll had said a pardon would make it easier for him to travel internationally for concert tours and to perform Christian missionary work without requiring burdensome paperwork.
Technology
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Want to work in AI? Here are the skills to master, economist says
Rapid emergence of AI will foster demand for new types of workers, including "explainers" and bias auditors, according to economist Robert Seamans.
DraftKings hopes to score big with new prediction markets app
Sports betting companies face mounting competition from rapidly growing prediction markets such as Kalshi and Polymarket.
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.
Japanese woman marries AI boyfriend
People are starting to develop lasting connections with artificial technology. Melissa J. Perry, the dean of the College of Public Health at George Mason University, joins CBS News with more details.
TikTok nears deal to avoid U.S. ban
TikTok has signed a deal to sell its U.S. operations to a group of investors in America, a source familiar with the deal tells CBS News. Jo Ling Kent has more.
Science
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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
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Crime
Epstein survivor on partial files release
The Justice Department released a new batch of files related to convicted sex offender Jeffrey Epstein on Friday. Epstein survivor Sharlene Rochard joins with her reaction. Then, Spencer Kuvin, an attorney who represents some Epstein survivors, provides further analysis.
New photos in initial trove of Epstein files
The Justice Department on Friday released a batch of files related to convicted sex offender Jeffrey Epstein. CBS News' Erica Brown and Katrina Kaufman report.
Investigators struggled to ID Brown suspect while gunman went on to kill again
The manhunt for the Brown University shooter was complicated by the early misidentification of a person of interest and limited, low-quality video footage.
Search for motive in Brown and MIT shootings
The manhunt for the suspect in Saturday's deadly shooting at Brown University is finally over. Police discovered 48-year-old Claudio Manuel Neves Valente dead in a New Hampshire storage unit on Thursday night. CBS News' Anna Schecter explains what led to the discovery.
New Epstein files: What we've learned so far
The Department of Justice has released hundreds of thousands of files related to the criminal prosecutions of convicted sex offender Jeffrey Epstein. CBS News justice reporter Jake Rosen has more.
Space
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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
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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
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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.
Epstein survivor on partial files release
The Justice Department released a new batch of files related to convicted sex offender Jeffrey Epstein on Friday. Epstein survivor Sharlene Rochard joins with her reaction. Then, Spencer Kuvin, an attorney who represents some Epstein survivors, provides further analysis.
Trump holding North Carolina rally on economy
President Trump is holding a rally in North Carolina on Friday as he works to turn around public opinion on the economy. CBS News congressional correspondent Nikole Killion reports.
Doctor joins Secret Santa to surprise strangers
As you've no doubt heard, Santa Claus is coming to town. In fact, he's already been to Baltimore. Steve Hartman met him "On the Road."
Trump announces deals to lower drug prices
President Trump announced new agreements on Friday with nine pharmaceutical companies aimed at making certain prescription drugs cheaper. CBS News reporter Karen Hua has the details.