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.
Live
U.S. launches retaliatory strikes for downing of Apache helicopter
The two helicopter pilots were uninjured. After the retaliatory strikes were announced, President Trump said, "I believe the response should be very strong, very powerful."
House passes $70 billion bill to fund ICE for rest of Trump's term
The House passed Republicans' $70 billion bill to fund immigration enforcement agencies for the rest of the Trump administration.
Texas teen found guilty of murder in stabbing at high school track meet
The trial of Karmelo Anthony centered on whether he acted in self-defense when he fatally stabbed Austin Metcalf at a Frisco ISD track meet in 2025.
Trump stands by decision to name Pulte to intel role despite revolt in Congress
Bill Pulte will begin serving as acting director of national intelligence in a week and a half, President Trump said, effectively standing by his decision to name the housing regulator and Trump loyalist.
Vance: Iran deal could happen in a week or months from now
In an interview airing on "CBS Sunday Morning," Vice President JD Vance said the U.S. will reach a deal with Iran before November's midterm elections.
FEMA overhaul would make disaster aid harder to access, analysts warn
A new analysis warns a proposed FEMA overhaul by a Trump-appointed panel would limit access to disaster aid for survivors, shifting the burden to state and local agencies amid hurricane season.
Platner seeks Democratic nomination to take on Sen. Collins in closely watched race
Maine Democrat Graham Platner is seeking to make the nomination official to take on Republican Sen. Susan Collins in November.
U.S. Apache helicopter shot down by Iran, Trump says; crew rescued by sea drone
The two crew members were rescued by a sea drone in the first such operation ever carried out by the U.S. military, officials told CBS News.
Social Security's insolvency date is projected for end of 2032
The report offers a fresh look at the finances of a program that provides benefits to more than 70 million Americans.
U.S.
More U.S.
New sunscreen option wins FDA approval after years of delay
A sunscreen ingredient that's been available in Europe, Japan and South Korea for years has finally been approved by the FDA for sale in the U.S.
Watchdog finds waste and unsanitary conditions at ICE facility inside Fort Bliss
From August 2025 to March 2026, an immigrant detention facility at Fort Bliss Army base suffered a host of serious incidents, including two deaths that were investigated by the Government Accountability Office.
May inflation likely topped 4% for first time in 3 years, economists say
Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.
Many soccer fans excited about U.S. hosting World Cup, CBS News poll finds
The U.S. being a host country for the World Cup generates interest among fans, but less so among those who are not soccer fans.
Here's the retirement challenge nobody talks about
Many Americans spend decades saving for retirement, but lack a plan for using that money once they stop working, a new survey finds. Here's what to know.
MoneyWatch
More MoneyWatch
May inflation likely topped 4% for first time in 3 years, economists say
Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.
Here's the retirement challenge nobody talks about
Many Americans spend decades saving for retirement, but lack a plan for using that money once they stop working, a new survey finds. Here's what to know.
A bidding war is underway for the world's oldest bank
Banca Monte dei Paschi di Siena has been operating for well over 500 years, and some Italian officials reportedly want to ensure it stays in Italian hands.
Social Security's insolvency date is projected for end of 2032
Medicare's hospital insurance trust fund will be unable to pay full benefits in 2033, which could lead to higher health care costs for Americans over 65.
Meta launches program to train workers for data center jobs
Meta pledged to invest $115 million to train electricians, plumbers and other workers needed to operate data centers.
Politics
More Politics
Trump stands by decision to name Pulte to intel role despite revolt in Congress
Bill Pulte will begin serving as acting director of national intelligence in a week and a half, President Trump said, effectively standing by his decision to name the housing regulator and Trump loyalist.
FEMA overhaul would make disaster aid harder to access, analysts warn
A new analysis warns a proposed FEMA overhaul by a Trump-appointed panel would limit access to disaster aid for survivors, shifting the burden to state and local agencies amid hurricane season.
Watchdog finds waste and unsanitary conditions at ICE facility inside Fort Bliss
From August 2025 to March 2026, an immigrant detention facility at Fort Bliss Army base suffered a host of serious incidents, including two deaths that were investigated by the Government Accountability Office.
Vance: Iran deal could happen in a week or months from now
In an interview airing on "CBS Sunday Morning," Vice President JD Vance said the U.S. will reach a deal with Iran before November's midterm elections.
Key spy power on verge of lapsing after Trump appoints controversial intel chief
Democrats say they won't vote to reauthorize the key spy authority known as FISA Section 702 as long as Bill Pulte is leading the Office of the Director of National Intelligence.
HealthWatch
More HealthWatch
New sunscreen option wins FDA approval after years of delay
A sunscreen ingredient that's been available in Europe, Japan and South Korea for years has finally been approved by the FDA for sale in the U.S.
Safety concerns over weight loss drug
There's a new safety concern about doctors prescribing one experimental weight loss treatment, retatrutide, that hasn't even been FDA approved yet. Adam Yamaguchi reports.
How an experimental weight-loss drug is being openly promoted by physicians
Doctors are jumping the gun to prescribe a medication lacking FDA approval that has gone viral on social media. "Why are we waiting?" one physician asked.
The promises and pitfalls of GLP-1 drugs
Approved 20 years ago as a diabetes treatment, GLP-1 drugs have been found to help patients reduce weight, changing the lives of more than 30 million people in the U.S. But there also have been troubling side effects reported.
The promises and pitfalls of GLP-1 drugs
Approved 20 years ago as a treatment for diabetes, GLP-1 drugs have been found also to help patients significantly reduce weight. More than 30 million people in the U.S. have had their lives changed by GLP-1 medications. But there have also been troubling side effects reported. Correspondent Tracy Smith talks with experts who say the drugs might prove useful in treating other diseases associated with obesity (including cancer); and with patients who have taken GLP-1 drugs and experienced widely varying reactions.
World
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Vance: Iran deal could happen in a week or months from now
In an interview airing on "CBS Sunday Morning," Vice President JD Vance said the U.S. will reach a deal with Iran before November's midterm elections.
Dozens of 7,000-year-old headless human skeletons found in ditch
Researchers have discovered dozens of headless human skeletons in a ditch in Slovakia, which they believe date back 7,000 years.
Ukraine winning war with Russia, retired U.S. generals say
Several retired U.S. generals and the former director of a U.S. intelligence agency told CBS News they believe Ukraine now has the upper hand in the war with Russia.
Afghan Taliban forces open fire at protest sparked by dress code arrests
Afghanistan's Taliban rulers deny shooting at protesters and claim no women or girls have been arrested because they're all following strict dress code rules.
A bidding war is underway for the world's oldest bank
Banca Monte dei Paschi di Siena has been operating for well over 500 years, and some Italian officials reportedly want to ensure it stays in Italian hands.
Entertainment
More Entertainment
Entertainment
Logan Marshall-Green on "Killing Castro"
"Marshals" actor Logan Marshall-Green joins CBS News 24/7 Mornings to discuss his recent work on "The Odyssey," "Boiúna: Legend of the Amazon" and "Killing Castro."
Expert on UAPs, Spielberg's "Disclosure Day"
Garry Nolan, a professor of pathology at Stanford University School of Medicine and the executive director of the board for The Sol Foundation, joins CBS News 24/7 to discuss Steven Spielberg's new movie, "Disclosure Day," and its exploration of the existence of aliens on Earth.
Biggest winners from the 79th Tony Awards
CBS News New York's Dave Carlin breaks down the biggest wins and performances from the 79th Tony Awards.
Steven Spielberg talks "Disclosure Day"
Oscar-winning director Steven Spielberg talks to CBS News about his 34th feature film, "Disclosure Day," which explores what would happen if all of the evidence about UFOs and alien life was released to the entire world and proved we are not alone. He also discusses his opinion on aliens, saying they "have been here and they are here."
Highlights from the Tony Awards
At Broadway's biggest night, "Schmigadoon!" took home the award for best musical. Meanwhile, "Arthur Miller's 'Death of a Salesman'" won six Tony Awards, the most of the night. Jamie Wax has more on the winners and top moments.
Technology
More Technology
Meta launches program to train workers for data center jobs
Meta pledged to invest $115 million to train electricians, plumbers and other workers needed to operate data centers.
New Apple features to keep kids safe
Apple is rolling out an update with new parental controls to help navigate screen time and keep kids safe. Jo Ling Kent explains the changes.
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.
How to buy SpaceX shares as its blockbuster IPO readies for liftoff
SpaceX is setting aside a large chunk of shares for ordinary investors as it seeks to raise a record $75 billion. Here's what to know.
Can an AI agent cover for you while you're at the beach?
"AI can make everything that was on my plate visible to colleagues while I'm gone," one expert said.
Science
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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.
El Niño could bring more widespread coral bleaching, NOAA warns
The expected arrival of El Niño this summer could trigger another mass coral bleaching event, which would be the fifth on record, researchers said.
Scientists find yeast in frozen mummy's guts, use it to make bread
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Meteor lights up southern Michigan
Days after a meteor exploded over New England, another fireball was spotted, visible in the Midwest to the Northeast. Rob Marciano has more.
Crime
More Crime
Crime
Details on Karmelo Anthony's sentencing
A jury on Tuesday found Karmelo Anthony, 19, guilty of murder for the 2025 stabbing of 17-year-old Austin Metcalf at a Texas track meet. CBS News correspondent Jonah Kaplan reports.
Karmelo Anthony convicted of murder in stabbing
Karmelo Anthony was convicted of murder Tuesday for the 2025 stabbing of 17-year-old Austin Metcalf at a Texas track meet. CBS News Texas reports.
Charlotte train stabbing suspect found incompetent
Decarlos Brown Jr, the man accused of fatally stabbing Ukrainian refugee Iryna Zarutska on a Charlotte, North Carolina, light rail train, has been ruled incompetent for trial "at this time." CBS News correspondent Shanelle Kaul has more.
Stabbing attack in Belfast sparks calls for anti-immigration protests
Police appeal for calm as graphic video of a Belfast stabbing attack fuels calls for anti-immigration protests in Northern Ireland.
Alligator attacks DWI suspect who was fleeing police
A man suspected of driving while impaired was attacked by an alligator after attempting to flee police in Louisiana, authorities said.
Space
More Space
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.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
Blue Origin vows to resume New Glenn launches despite explosion
Damage to Blue Origin's lone launch pad in the wake of last week's spectacular explosion was not as severe as initially feared, the company said.
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.
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.
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?
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
Bernie Sanders voices support for Platner
Sen. Bernie Sanders on Monday offered his support for Graham Platner, despite Platner's string of scandals. CBS News' Robert Costa reports.
Primary day wrapping up in Maine
Democrats in Maine appear poised to officially choose Graham Platner as their nominee to take on Republican Susan Collins for her U.S. Senate seat. CBS News' Caitlin Huey-Burns and Robert Costa have more.
NASA administrator on Artemis III mission
NASA administrator Jared Isaacman speaks with CBS News' Mark Strassmann about the upcoming Artemis III mission, its complexity, NASA's plans for an eventual moon base and more.
U.S. fires new strikes against Iran: CENTCOM
U.S. Central Command says it began launching self-defense strikes Tuesday in response to Iran's shoot-down of a U.S. military helicopter patrolling the Strait of Hormuz. CBS News' Eleanor Watson and Natalie Brand have more.
U.S. launches self-sefense strikes against Iran
The U.S. military says it began retaliatory strikes on Iran in response to the downing of an Apache helicopter. CBS News' Eleanor Watson has more.