"We are a long way from a full recovery," Fed's Powell says
Policymakers say how quickly the economy rebounds hinges on the course of the pandemic and pace of vaccinations.
Federal Reserve
Congress expected to approve $900B relief bill
Lawmakers are expected to approve a $900 billion coronavirus relief bill by the end of the day. It will include $600 stimulus checks for many Americans and enhanced unemployment benefits. Heather Long of the Washington Post joined CBSN to explain why many experts don't think that'll be enough to stave off an economic slide in the long run.
Congress passes temporary stopgap to negotiate government funding
Congress has until the end of the weekend to agree on a deal to fund the government. On Friday, lawmakers on Capitol Hill passed a two-day extension for funding, preventing a government shutdown. The added time buys Congress additional time to negotiate terms on a coronavirus relief package. Washington Post political reporter and anchor of the Power Up newsletter, Jacqueline Alemany, joins CBSN with the latest.
Senate blocks controversial Trump nominee to Fed board
Shelton's nomination was stalled on a procedural vote, with Vice President-elect Kamala Harris casting a key vote.
Fed Chair Jerome Powell calls for more economic stimulus
Another round of relief is needed to help contain the coronavirus and boost people's savings.
Atlanta Fed chief says virus has "put a wedge in our economy"
Raphael Bostic, the president and CEO of Federal Reserve Bank of Atlanta, says "we have to change the trajectory for the generations to come."
Transcript: Raphael Bostic on "Face the Nation"
The following is a transcript of an interview with Atlanta Fed's Raphael Bostic that aired Sunday, October 11, 2020, on "Face the Nation."
Federal Reserve sees interest rates near zero through 2023
Interest rates are expected to stay low for years as the U.S. economy struggles to recover from coronavirus hit.
Federal Reserve says inflation should rise dramatically
Fed chair Jerome Powell announced a radical new policy on how the central bank sets interest rates.
The newly-released transcripts of 14 emergency meetings in 2008 show a Federal Reserve trying to keep up with a developing crisis it did not fully comprehend
The newly-released transcripts of 14 emergency meetings in 2008 show a Federal Reserve trying to keep up with a developing crisis it did not fully comprehend. Anthony Mason reports.
Shares of Sirius XM are up Monday on news that Liberty Media wants to take full ownership of the satellite radio service, plus more MoneyWatch headlines
Shares of Sirius XM are up Monday on news that Liberty Media wants to take full ownership of the satellite radio service. The deal would value the company at nearly $23 billion. Liberty Media already owns 53 percent of Sirius XM's stock., plus more MoneyWatch headlines.
Payroll processor ADP released its November employment report today, plus more MoneyWatch headlines
Payroll processor ADP released its November employment report today, which may provide clues about Friday's jobs report from the Labor Department. It shows U.S. businesses added the most jobs in a year, thanks to heavy hiring in the manufacturing and construction industries.
Transcript: Charles Evans on "Face the Nation"
The following is a transcript of an interview with Charles Evans, the president and CEO of the Federal Reserve Bank of Chicago, that aired Sunday, August 9, 2020, on "Face the Nation."
Face The Nation: Kashkari, Gottlieb, Gupta, Salvanto
Missed the second half of the show? The latest on the coronavirus pandemic, the state of the economy and the 2020 presidential election
Transcript: Neel Kashkari on "Face the Nation"
The following is a transcript of an interview with Neel Kashkari, the president and CEO of the Federal Reserve Bank of Minneapolis, that aired Sunday, August 2, 2020, on "Face the Nation."
Former Fed economist calls profession "a disgrace"
Economist Claudia Sahm cites systemic sexism and racism as problems that compromise the quality of our economic policy.
Fed predicts further economic hardship as virus rages on
The coronavirus "will weigh heavily on economic activity, employment and inflation," central bank says.
The cost of taking a gap year amid a pandemic
Students have often been encouraged to take gap years between high school and college, but many graduates are reconsidering their options this year. Economists at the Federal Reserve Bank of New York say students who delay college due to the pandemic could lose more than $90,000 in lifetime earnings. Arun Ponnusamy, chief academic officer at Collegewise, joins CBSN to discuss what students should take into account when making this decision.
Shortage of coins in circulation causing concerns
There is a shortage of coins in circulation as many businesses are no longer accepting cash as payment. But some experts warn that the emerging trend can be harmful for smaller businesses and low-income consumers who rely on coin transactions. Michael George reports.
Fed predicts long road to economic recovery
The Federal Reserve says it does not expect unemployment to reach pre-coronavirus lows until 2022 at the earliest. The Central Bank is predicting a 9.3% unemployment rate at year's end and a 6.5% unemployment rate at the end of 2021. The Washington Post's economic correspondent Heather Long joined CBSN to discuss the Fed's expectations.
Fed's Kashkari warns bank losses during COVID could trigger financial crisis
"I am concerned the longer this goes on, the more losses banks will face," he told "Face the Nation" moderator Margaret Brennan.
Fed's Powell says coronavirus downturn could do severe economic harm
Federal Reserve chair says the risk to small businesses from the pandemic is acute.
Stocks fall on COVID-19's spread, Fed's cautious comments
Investors are worried that an increase in infections in some U.S. states could threaten the nation's economic recovery.
Fed says 15 million Americans will remain jobless by year-end
Central bank expects unemployment to remain above by 9% by year-end and for joblessness to remain elevated into 2022.
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.
Live
Trump welcomes China's Xi for state dinner at White House
President Trump is hosting Chinese President Xi Jinping for meetings and a state dinner on Thursday, as the world's two most powerful countries try to extend a tariff truce and grapple with a rivalry on advanced AI.
Journalists regain access to White House after judge blocks Trump's media ban
Reporters whose White House access was revoked were allowed to enter the complex again, hours after a judge ordered the Trump administration to restore their press credentials.
Israel's Netanyahu addresses U.N. as many leaders walk out
Benjamin Netanyahu focused on Iran, and on defending Israel's actions in Gaza and the West Bank amid condemnation from fellow leaders at the U.N.
Iran war powers measure falls short in Senate, despite new GOP support
The Senate rejected a resolution aimed at limiting President Trump's war powers in Iran, though the Democrat-led effort picked up one new GOP supporter.
GOP Sen. Thom Tillis on Trump-Xi visit: "It's a WTF moment"
The retiring North Carolina senator was critical of President Trump's reception of Chinese President Xi Jinping.
Live
Oil prices back up as U.S. and Iran trade threats to expand 7-month war
As Iran responds to Trump's threat of annihilation with its own warning of a possible "new front" in the war, global oil prices are rising again.
New Trump-focused "Love Me" ad campaign paid for by taxpayers hits airwaves
Ads promoting President Trump and paid for by American taxpayers are now airing on network and national cable.
Pentagon probing how shipment of F-35 fighter jet parts was diverted
The U.S. is trying to retrieve the parts, which were reported by Bloomberg News to be in China's possession.
Netanyahu says "shame on you" to Mamdani, claims "Jews no longer feel safe"
Netanyahu's address to the U.N. marks the first time he has visited New York since Mamdani became mayor.
U.S.
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Bob Pettit, NBA Hall of Famer and its first MVP, dies at 93
Bob Pettit was an All-American at LSU before going on to the NBA, where he was an All-Star for each of his 11 seasons, all with the Hawks. He led them to the 1958 championship over the mighty Boston Celtics, the Hawks' lone title.
Mistress testifies in trial of "American Idol" contestant charged in wife's murder
Caleb Flynn, a former "American Idol" contestant, is charged with killing his wife Ashley Flynn in February and then staging the crime scene.
New Trump-focused "Love Me" ad campaign paid for by taxpayers hits airwaves
Ads promoting President Trump and paid for by American taxpayers are now airing on network and national cable.
GOP Sen. Thom Tillis on Trump-Xi visit: "It's a WTF moment"
The retiring North Carolina senator was critical of President Trump's reception of Chinese President Xi Jinping.
New bill would lower Social Security retirement age for some workers
Workers in physically demanding jobs should be able to collect full Social Security retirement benefits at age 60, a Michigan lawmaker says.
MoneyWatch
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New bill would lower Social Security retirement age for some workers
Workers in physically demanding jobs should be able to collect full Social Security retirement benefits at age 60, a Michigan lawmaker says.
Why the bond market is freaking out, and what it means for your money
Investors are increasingly nervous about rising inflation, which could require the Federal Reserve to hike interest rates.
Mortgage rates are back above 7%. How much higher could they climb?
Rates are "far more likely to go up than down by the end of the year," a senior economist at Realtor.com told CBS News.
Will an FDA crackdown curb access to cheaper GLP-1 weight-loss drugs?
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
Small businesses roll the dice on Kalshi to manage their risks
Hundreds of small businesses are using the prediction market to hedge against a range of business risks, according to Kalshi. Here's how.
Politics
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New Trump-focused "Love Me" ad campaign paid for by taxpayers hits airwaves
Ads promoting President Trump and paid for by American taxpayers are now airing on network and national cable.
GOP Sen. Thom Tillis on Trump-Xi visit: "It's a WTF moment"
The retiring North Carolina senator was critical of President Trump's reception of Chinese President Xi Jinping.
Pentagon probing how shipment of F-35 fighter jet parts was diverted
The U.S. is trying to retrieve the parts, which were reported by Bloomberg News to be in China's possession.
Trump administration urges Supreme Court to revive third-country deportation policy
The Trump administration urged the Supreme Court to revive its policy of deporting some migrants to places other than their country of birth.
DOJ says it's moving to end more than 50 decades-old school desegregation cases
The Justice Department said Thursday it was seeking to end more than 50 long-standing consent decrees dating back decades that sought to curb unlawful racial segregation that was prevalent during the Jim Crow era.
HealthWatch
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Will an FDA crackdown curb access to cheaper GLP-1 weight-loss drugs?
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
Bone health and the "silent disease": 4 things women should know
In the latest episode of "Healthful," Dr. Jocelyn Wittstein, an orthopedic surgeon at Duke University School of Medicine, discusses what women should know about protecting their bones.
Even the smallest joys can help prevent suicide, researchers say
New research highlights common themes shared by people who found reasons to keep living through dark times.
First on CBS
JB Pritzker reveals GLP-1 use, pressed on possible presidential run
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
Her son was dying, but his rare cancer made it difficult to get the right drug
As knowledge about genetics advances, some doctors say cancers should be defined by their mutations, not the tissues where they manifest.
World
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GOP Sen. Thom Tillis on Trump-Xi visit: "It's a WTF moment"
The retiring North Carolina senator was critical of President Trump's reception of Chinese President Xi Jinping.
Pentagon probing how shipment of F-35 fighter jet parts was diverted
The U.S. is trying to retrieve the parts, which were reported by Bloomberg News to be in China's possession.
Officer thwarted Ontario synagogue shooting despite life-threatening injuries
Constable Jeff Smith was shot several times, suffering wounds to his head and torso, but continued fending off the attack until a second officer arrived.
U.S. troops help Ecuador arrest dozens linked to ruthless cartel
The operation "was conducted jointly with U.S. troops and the Drug Enforcement Administration (DEA)," Ecuador's interior minister said.
U.K. prime minister teases possible return of booze to soccer matches
British leader and soccer fan Andy Burnham told reporters a four-decade ban on alcohol in stadium bleachers at men's games is "discrimination."
Entertainment
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Sylvester Stallone jokes about one of his wildest jobs before fame
Sylvester Stallone said he took a series of odd jobs to make ends meet before the bruised but unbowed Rocky Balboa.
Sylvester Stallone on cleaning lion cages
Sylvester Stallone took on a series of odd jobs to make ends meet before becoming a Hollywood legend. He tells correspondent Tracy Smith about one of his wildest gigs. Watch more of their conversation this weekend on "CBS Sunday Morning."
Kim Kardashian on "Team Moms: Baseball"
Kim Kardashian and the producers of "Love Island" teamed up to create "Team Moms: Baseball," a new reality show exploring the cutthroat world of elite kids' sports. Kim Kardashian and producer Natalie Ento sat down with "Entertainment Tonight" host Nischelle Turner to explain more.
First look at Taylor Swift's "Patient Zero"
"CBS Mornings" shares an exclusive first look at the video for Taylor Swift's new single, "Patient Zero."
Exclusive
Taylor Swift to debut "Patient Zero" music video at VMAs. Watch a preview.
Taylor Swift announced her new single "Patient Zero" earlier this week, saying she has been "impatiently waiting" to announce that it will be out on Friday.
Technology
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Technology
Andreessen Horowitz introduces AI school
The Horowitz Andreessen Academy is offering students a college alternative focused on artificial intelligence. CEO Gagan Biyani joins CBS News to discuss the revolutionary idea.
Rogue AI agent hacks government website
Australia says an OpenAI model hacked a government website containing health information. CBS News' Jo Ling Kent reports.
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.
Will Trump and Xi take on AI during visit?
More details on alarming cases involving rogue AI models are emerging as President Trump meets with Chinese President Xi Jinping in Washington, D.C. Meanwhile, calls for regulation are growing louder. CBS News contributor Patrick McGee joins with more.
OpenAI model hacked Australia healthcare site
Australia's Prime Minister Anthony Albanese is fuming after an OpenAI model hacked a government website in June. CBS News' Ramy Inocencio breaks down the details on the historic attack.
Science
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Science
Neuroscientists grow human brain tissue in mice
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
New species of wild cat discovered for first time in more than a century
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
Humpback whale seen grieving dead calf in rare footage
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Remains of ancient warhorse given honorific burial discovered in Egypt
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Crime
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Officer thwarted Ontario synagogue shooting despite life-threatening injuries
Constable Jeff Smith was shot several times, suffering wounds to his head and torso, but continued fending off the attack until a second officer arrived.
U.S. troops help Ecuador arrest dozens linked to ruthless cartel
The operation "was conducted jointly with U.S. troops and the Drug Enforcement Administration (DEA)," Ecuador's interior minister said.
Police accused of misusing Flock cameras
Concerns are growing over the potential misuse of automated license plate readers. Five police officers in Indianapolis are the latest to face criminal charges for allegedly using Flock cameras to track romantic partners and others.
Accused Nazi POW camp guard, 105, being investigated in Germany
The man is "accused of being an accessory to multiple murders through his activities there," prosecutors said.
Pittsburgh doctor attacked and killed while he slept, wife also stabbed
Dr. Idris Evans, a physician and medical director from UPMC Children's Hospital in Pittsburgh, was killed in an overnight stabbing.
Space
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NASA spacecraft discovers moon crater bigger than Roman Colosseum
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
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.
Latest CBS News Videos
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Latest CBS News Videos
Extended interview: Patrick Clancy
Patrick Clancy wrestles with grief and shares memories of his children in his first interview since his ex-wife Lindsay Clancy's murder trial ended without a verdict.
Week 3 of NFL season kicks off
Week 3 of the NFL season kicks off on Thursday with the Atlanta Falcons heading to Wisconsin to face the Green Bay Packers. CBS Sports NFL analyst Mike Renner has more.
Trump's lavish state dinner for Xi underway
President Trump and first lady Melania Trump welcomed China's Xi Jinping and his wife to the White House for a state dinner on Thursday night. CBS News correspondent Natalie Brand has the latest.
Legal expert on judge lifting Trump media ban
A judge temporarily halted President Trump's ban on three media outlets on Thursday, citing due process concerns. CBS News legal contributor Jessica Levinson breaks down the constitutional questions.
Tillis on Xi talks: U.S. needs "eyes wide open"
North Carolina Republican Sen. Thom Tillis told CBS News on Thursday that President Trump's summit with Chinese leader Xi Jinping was "bad timing." Chris McGuire, senior fellow with the Council on Foreign Relations, joins with analysis of the talks.