Republicans take aim at Biden's Federal Reserve nominees at tense hearing
Sarah Bloom Raskin was pressed over climate change regulation.
Federal Reserve
MoneyWatch: Impact of higher interest
The Federal Reserve has signaled that it will be raising interest rates this year to help offset the increase in consumer goods brought on largely by the pandemic. But what does this mean for everyday Americans? CBS MoneyWatch reporter Aimee Picchi joins "CBS News Mornings" to discuss.
Fed plans to raise interest rates to fight inflation
The Federal Reserve is signaling it plans to begin raising interests rates soon. Officials are hoping the move will help ease inflation, which has risen to its highest level in decades. Dana Peterson, chief economist for The Conference Board, joins CBS News' Elaine Quijano to discuss.
Report shows inflation up 5.8% in 2021
An economic analysis report shows a key inflation measure rose 5.8% last year, the highest it's been since 1982. Despite a big leap in the stock market numbers late Friday, major indexes are still down this year. Terry Haines, founder of Pangaea Policy, joins CBS News after the New York Stock Exchange's closing bell to break down how inflation is effecting the economy and what can be done to correct it.
Interest rates are set to rise. Here's how that will affect consumers.
Americans will soon face a double whammy: high inflation combined with pricier loans and credit card debt.
Fed appears poised for rate increase in March
Federal Reserve Chairman Jerome Powell said decisions on how often and by how much the rate increases this year have not been made.
Federal reserve signals interest rate hike
The Federal Reserve signaled it plans to raise interest rates as early as March in an effort to curb inflation. Carter Evans takes a look at what that means for consumers.
MoneyWatch: Fed plans to raise interest rates
The Federal Reserve signaled it's getting ready to raise interest rates as soon as March but will keep rates near zero for now. Jared Woodard, the head of the research investment committee of Bank of America Global Research, joined CBS News at the closing bell to discuss the announcement.
Stocks dip after Fed signals it's set to hike interest rates
Economists expect the Federal Reserve to start lifting rates as soon as its next meeting in March.
Markets rally in another topsy-turvy day on Wall Street
Wall Street analysts expect the central bank this week to signal that it will raise interest rates starting in March.
Dow rallies after falling more than 1,000 points
Fears about rising tensions over Ukraine and the Federal Reserve's plan to curb inflation sent the markets into a free fall for much of the day. But the Dow and SP 500 rebounded by the end of the day, closing in positive territory.
Stock markets end up after wild trading day
The markets ended the first day of trading this week up slightly after a wild day of trading. Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Company, joins CBS News at the closing bell to break down what's driving the market.
Americans face inflation despite economic growth
President Biden has vowed to tackle the rising rate of inflation in the U.S. But many Americans don't feel like his administration is doing enough, despite steady economic growth during his first year in office. Chief economist for Morning Consult John Leer joins CBSN's Lana Zak to discuss.
Economist weighs in on record high inflation
The Labor Department says inflation in the U.S. jumped 7% between December 2020 and December 2021. That's the biggest increase since 1982. Peter Morici, an economist and emeritus professor at the University of Maryland, joins CBSN's Lilia Luciano to discuss what the latest data means for our economy.
Inflation climbs at fastest pace in decades
Inflation surged to its highest level in nearly four decades in 2021. The Consumer Price Index increased by 0.5% in December, for a total annual increase of 7%. CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Scott MacFarlane join CBSN to discuss the Biden administration's plans to combat inflation and what it means for Americans moving forward.
Unemployment rate drops to 3.9%
A new Department of Labor report reveals the U.S. added 199,000 jobs in December. The unemployment rate has fallen to 3.9%. This comes as the country confronts a surge in COVID-19 infections and rising inflation. Frances Stacy, director of portfolio strategy at Optimal Capital, joins CBSN to discuss the current and future labor market.
Economic projections for consumers
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the latest news out of the Federal Reserve meeting Wednesday. She will share how inflation is impacting the Fed's decision to pull back on the emergency policies it put in place during the pandemic and how likely interest rate hikes next year will impact consumers.
Federal Reserve's plan to fight inflation
The Federal Reserve Chairman Jerome Powell announced new plans to battle rising inflation, ending the Fed's pandemic-era stimulus program earlier than planned. Barclays Chief Economist Michael Gapen joins CBSN's Elise Preston to discuss how Americans will be affected.
Fed signals interest rate hikes to fight inflation
The Federal Reserve signaled that it may raise interest rates at least three times in 2022, hoping to ease the staggering inflation that has Americans paying more for just about everything. Ed O'Keefe has the details.
Federal Reserve signals interest rates hikes
As inflation soars, the Federal Reserve says it could raise interest rates at least three times in 2022. CBS News senior White House and political correspondent Ed O'Keefe joins CBSN's Lana Zak to discuss that and more.
Federal Reserve's plan to slow inflation
The Federal Reserve is rolling out a new plan to help fight rising inflation. CBS News reporter Sarah Ewall-Wice breaks down how this could impact Americans' everyday lives.
Federal Reserve: Expect 3 interest-rate hikes in 2022
"The inflation that we got was not at all the inflation we were looking for," Fed Chair Jerome Powell said.
El-Erian faults Fed for failure to curb inflation
Mohamed El-Erian, chief economic adviser for Allianz, says the "characterization of inflation as transitory is probably the worst inflation call in the history of the Federal Reserve."
Inflation rises at fastest rate since 1982
Consumer prices rose 6.8% in November compared to a year ago -- the biggest increase in 39 years. Carter Evans has more on how it's affecting Americans.
Economic uncertainty looms for Biden administration
President Biden traveled to Minnesota Tuesday to highlight aspects of his $1 trillion infrastructure plan. Mr. Biden's trip comes as concerns over the new COVID-19 variant, rising inflation and issues within the nation's supply chain threaten to derail his overall economic agenda. CBS News senior White House correspondent Weijia Jiang joins CBSN's Ed O'Keefe to discuss.
How the Iran war united, and then divided Trump and Netanyahu
Trump has appeared during the Iran war to lose patience with Israeli Prime Minister Benjamin Netanyahu, who may now find himself "stuck."
Investigation
What's missing from the Epstein files? Here's what we found
The Justice Department says it's released "every document required by the Epstein Files Transparency Act," but CBS News has identified numerous gaps.
Live
Israel and Hezbollah agree to ceasefire, officials say
Israel and Hezbollah have reached a Lebanon ceasefire agreement after their fighting delayed progression of the U.S.-Iran deal, a diplomat tells CBS News.
James Burrows, co-creator of "Cheers" and prolific director, dies at 85
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
2 trains collide in England, causing "a number of" injuries, U.K. official says
One passenger told BBC News, "I felt like I'd been in a bomb explosion" after two trains collided north of London Friday.
Questions swirl after 1-year-old boy fatally shot by police in Mississippi
A police shooting in Senatobia, Mississippi, that left a 1-year-old child dead has ignited simmering tensions between police and Black residents in the small town.
Italy nixes envoy's visit as leader Meloni "stunned" by Trump's remarks
Italian outlet says after a meeting at the G7 summit, Trump said Meloni had "begged me to take a picture with her," and he "felt sorry for her."
DOJ rebuffs judge's demand to state "anti-weaponization" fund is dead
A senior Justice Department official called a judge's demand for a declaration on the status of the "anti-weaponization" fund "unnecessary."
Here's who qualifies for the Trump adminstration's student loan rate cut
The temporary discount applies to eligible federal Direct Loan borrowers who use automatic payments.
U.S.
More U.S.
James Burrows, co-creator of "Cheers" and prolific director, dies at 85
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
Military unveils new $400 million Air Force One plane gifted by Qatar
The Air Force unveiled the Boeing 747-8 that will serve as the new Air Force One, providing the first look at the $400 million luxury plane.
DOJ rebuffs judge's demand to state "anti-weaponization" fund is dead
A senior Justice Department official called a judge's demand for a declaration on the status of the "anti-weaponization" fund "unnecessary."
Here's who qualifies for the Trump adminstration's student loan rate cut
The temporary discount applies to eligible federal Direct Loan borrowers who use automatic payments.
This week on "Sunday Morning" (June 21)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
MoneyWatch
More MoneyWatch
Here's who qualifies for the Trump adminstration's student loan rate cut
The temporary discount applies to eligible federal Direct Loan borrowers who use automatic payments.
Prediction markets are betting on celebrities to boost their brands
Kalshi has enlisted Lionel Messi and Timothée Chalamet as prediction markets compete to attract new users and cement their place in the mainstream.
A father of 3 wanted to leave wealth to his kids. He turned to a coffee can.
Matthew Ankrum wanted to build wealth for his daughters and teach them about financial stability. A new book shares how.
What's open and closed for Juneteenth 2026?
Juneteenth will affect banking, mail service and financial markets, although retailers and restaurants are largely staying open.
Less than half of Americans can afford quality healthcare, Gallup finds
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Politics
More Politics
Military unveils new $400 million Air Force One plane gifted by Qatar
The Air Force unveiled the Boeing 747-8 that will serve as the new Air Force One, providing the first look at the $400 million luxury plane.
DOJ rebuffs judge's demand to state "anti-weaponization" fund is dead
A senior Justice Department official called a judge's demand for a declaration on the status of the "anti-weaponization" fund "unnecessary."
How the Iran war united, and then divided Trump and Netanyahu
Trump has appeared during the Iran war to lose patience with Israeli Prime Minister Benjamin Netanyahu, who may now find himself "stuck."
Italy nixes envoy's visit as leader Meloni "stunned" by Trump's remarks
Italian outlet says after a meeting at the G7 summit, Trump said Meloni had "begged me to take a picture with her," and he "felt sorry for her."
Exclusive
New book details the moment a GOP lawmaker appeared to lunge at Matt Gaetz
A new book recounts one of the most rambunctious moments on the floor of the House in modern history.
HealthWatch
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Air Force unit faces flu outbreak weeks after vaccine mandate dropped
Dozens of service members at Lackland Air Force Base in Texas have fallen ill with the flu in the weeks since Defense Secretary Pete Hegseth rescinded the vaccine mandate, sources familiar confirmed to CBS News.
Less than half of Americans can afford quality healthcare, Gallup finds
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Busy Philipps on her late ADHD diagnosis
Actress Busy Philipps, 45, spoke up about her late attention-deficit/hyperactivity disorder diagnosis online after realizing she shared symptoms as her young daughter was evaluated and diagnosed. Women are more likely than men to be diagnosed with ADHD later in life, research shows.
Drummer rediscovers his rhythm after setback
In the "CBS Mornings" series "Pushing the Limits," Mark Strassmann shows how a Georgia man's passion for music was almost taken away from him forever after a terrible accident. But thanks to his resilience and technology, the man is now a record-breaking drummer.
Arrests of immigrant parents create mental health crisis for children
An estimated hundreds of thousands of children, many of them U.S. citizens, have been separated from a parent in the Trump administration's immigration crackdown.
World
More World
2 trains collide in England, causing "a number of" injuries, U.K. official says
One passenger told BBC News, "I felt like I'd been in a bomb explosion" after two trains collided north of London Friday.
Climber trapped on Everest for days says avalanche saved him
Dawa Sherpa was airlifted to Kathmandu, where doctors treated him for frostbite, severe dehydration and a fractured thigh bone.
How the Iran war united, and then divided Trump and Netanyahu
Trump has appeared during the Iran war to lose patience with Israeli Prime Minister Benjamin Netanyahu, who may now find himself "stuck."
U.K. actress accused of trying to smuggle $208M of meth into Australia
Actress Emaa Hussen, who played alongside Jason Statham in "Redemption," is accused of trying to smuggle 700 pounds of methamphetamine into Australia.
Scientists discover parasite that preys on insect-killing "zombie fungus"
Scientists say the "hyperparasite" preys on "zombie fungus" known to infect insects before subjecting them to a gruesome death.
Entertainment
More Entertainment
James Burrows, co-creator of "Cheers" and prolific director, dies at 85
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
"The War and Treaty" talk new music
Husband and wife duo Michael and Tanya Trotter, known as "The War and Treaty," talk to "CBS Mornings" about their new music, major collaborations, including with Whoopi Goldberg, and how they came up with their band's name.
Tay Keith, Grammy-nominated producer, found dead in Nashville at 29
Record producer Tay Keith was found dead in his Nashville home by officers performing a welfare check, police said.
Americans say they're reading fewer books. Here's what they're doing instead.
Many people are spending more time on screens, but also doing more physical activities, a new CBS News poll finds.
Singer Myles Smith talks debut album
Myles Smith's career skyrocketed after his hit song "Stargazing" became the biggest song by a U.K. artist worldwide in 2024. Now, he's releasing his debut album, "My Mess, My Heart, My Life," on June 19. Myles Smith joins "CBS Mornings" to discuss his rapid rise to stardom, his first album and his experience touring with Ed Sheeran.
Technology
More Technology
Waymo recalls robotaxis after some vehicles entered construction zone
The recall follows multiple incidents in which Waymo robotaxis drove past ramp-closure signs and into freeway construction zones.
Americans on AI's future impact
A Pew survey shows 40% of Americans think AI's future impact will be negative. MIT Sloan professor Eric So joins CBS News with more details.
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.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Inside an Irish town raising kids without smartphones
When parents and educators in Greystones, Ireland saw children dealing with increasing anxiety, they acted – and took phones out of the equation.
Science
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Science
Watch: Pentagon releases 6 new UFO videos
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Crime
More Crime
U.K. actress accused of trying to smuggle $208M of meth into Australia
Actress Emaa Hussen, who played alongside Jason Statham in "Redemption," is accused of trying to smuggle 700 pounds of methamphetamine into Australia.
What's missing from the Epstein files?
A CBS News analysis of the released Epstein files shows what documents appear to be absent. CBS News' Vlad Duthiers has more on the search for answers surrounding the case against convicted sex offender Jeffrey Epstein.
Mangione team no longer pursuing this defense
In a stunning reversal, Luigi Mangione's defense team for his New York state trial has announced it will no longer pursue a psychiatric defense. CBS News legal contributor Caroline Polisi joins with more insight.
Mayor accused of faking her kidnapping in embezzlement scheme
Nancy Napoles denied the accusation and said she was willing to cooperate with authorities to clarify what happened.
Man charged in death of girl after life sentence commuted by Kristi Noem
McKenna Wendel was last seen alive on March 14 and her body was found outside Brookings, an hour's drive north of Sioux Falls, on March 19.
Space
More Space
Researchers find "Pink Planet" has salty clouds: "We were very surprised"
The "Pink Planet," formally known as GJ504b, was discovered in 2013 and is technically not a planet but rather a "planetary-mass companion."
NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
Latest Galleries
More Latest Galleries
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.
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.
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.
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
More Latest CBS News Videos
Latest CBS News Videos
Israel and Hezbollah reach ceasefire: What to know
Israel and Hezbollah reached a ceasefire agreement Friday to end their fighting in Lebanon, three diplomats briefed on the matter told CBS News. Meanwhile, Talks between Iran and the U.S. expected to begin in Switzerland Friday were postponed, with the White House blaming logistical issues for the cancellation of JD Vance's trip to Geneva. CBS News' Robert Berger and Natalie Brand have more.
Expert on latest Israel-Hezbollah ceasefire
CBS News contributor Aaron MacLean is reacting to the latest Israel-Hezbollah ceasefire news after tensions rose in Lebanon, likely leading to U.S.-Iran talks being postponed.
Israel-Hezbollah ceasefire now in effect
An Israel-Hezbollah ceasefire is now in effect after tensions rose and impacted the U.S.-Iran talks. CBS News' Imtiaz Tyab and Natalie Brand report.
Salty clouds found around "Pink Planet"
Researchers using the Webb Space Telescope discovered salty clouds surrounding a "Pink Plane." CBS News' Kelly O'Grady has more.
Americans celebrate Juneteenth
Americans are celebrating the Juneteenth holiday as the 250th anniversary of the U.S. approaches. Marc H. Morial, the president and CEO of the National Urban League, joins with more insight.