Paul Volcker, Fed chair who fought runaway inflation, has died
As Federal Reserve chairman, Paul Volcker raised interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation.
Federal Reserve
Trump announces tariffs on metal imports from Brazil and Argentina
President Trump tweeted Monday that he will immediately reinstate tariffs on steel and aluminum imported from Brazil and Argentina.
Trump and Powell get together to talk interest rates
Jerome Powell visits White House for a chat with the president who has called U.S. central bankers "boneheads"
Powell hints to Congress: No more rate cuts this year
Central bank sees U.S. economy growing at solid pace, although slower growth overseas and trade tensions pose risks
Fed cuts interest rates for the 3rd time this year
U.S. central bank lowers borrowing costs for a third time this year, but signals it's the last cut for some time
U.S. economic growth slows to 1.9% in the third quarter
Yet the economy grew faster than economists expected, fueled by healthy consumer spending
S&P 500 reaches all-time high as investor fears recede
Financial markets are buoyed by expectations of an interest rate cut this week and hopes for a U.S.-China trade deal
Average retail card card APR surges to 26%, new study finds
The interest rate at which banks borrow has fallen, but that hasn't curtailed the costs of using store-branded plastic
How savers can deal with falling interest rates
As the Federal Reserve trims interest rates, here are four ways to maximize the return you get on your savings
Fed rushes to plug cash shortage in short-term loan market
Central bank has had to inject $200 billion into the banking system this week alone, though experts say not to worry
Fed cuts interest rates for second time in seven weeks
Fed shows it's willing to chop rates to ease the effects of U.S. trade wars, and would cut more if tariffs escalate
Why the Fed is likely to trim interest rates further
Trade war jitters, a manufacturing slowdown and other factors point to a second rate cut this year by the Fed
Ex-Fed official says central bank should stop enabling Trump
William Dudley, former head of the New York Fed, calls the China trade war a "manufactured disaster-in-the-making"
Trump's trade policy a big problem for the Fed, Powell says
Federal Reserve Chairman Jerome Powell said interest-rate cuts can't offset the impact of trade tensions
The Fed says trade is main reason U.S. economy is slowing
While President Trump blasts Jerome Powell for slowdown, Fed officials put the blame squarely on trade tensions
Why the "inverted yield curve" is fueling recession fears
Although bond investors are increasingly pessimistic about the economy, a major downturn could still be years away
Trump tariff takes aim at two foes: China and the Fed
White House's latest China tariff threat intended to scare central bank into more interest-rate cuts, analysts say
What the Fed's first rate cut since 2008 means for your wallet
Expect relatively quick drops in rates for home-equity loans, credit card rates and, alas, many savings accounts
Fed lowers interest rates for first time since 2008
A quarter of a percentage point drop in a key Fed interest rate comes after years of disappointing economic growth
What a Fed move to cut rates would mean for you
For most Americans, lower borrowing costs might not help as much as it has in the past -- here's why
Fed is poised to cut rates for first time since the recession
The central bank is expected to cut its benchmark short-term rate later today, making the first reduction since 2008
U.S. economic growth slows to 2.1%, dinged by exports
The slowdown in economic growth may increase the likelihood of a rate cut from the Federal Reserve next week
Record-high temperatures could scorch U.S. economy
Climate change has the potential to sap the U.S. economy more than tariffs or other man-made threats
Powell disagrees with Trump on nearly everything
On climate change, gold standard, even the president's authority, the Fed chair and the man who appointed him are at odds
Fed's Powell says "hot" labor market is overhyped
The nation's central bank chief threw cold water on the idea that the current job market is the "strongest ever"
Trump welcomes China's Xi for state dinner at White House
President Trump hosted Chinese President Xi Jinping for a state dinner on Thursday, as the world's two most powerful countries extend a tariff truce and grapple with a rivalry on advanced AI.
Investigation
Commander rejected plans to rebase before deadly drone strike, sources say
Sources tell CBS News that despite warnings about the vulnerability of the outpost in Kuwait, a commander opted not to rebase farther from Iran.
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.
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.
First on CBS
Trump to headline "Golden Age" event with top officials, tech executives
President Trump is slated to speak on Tuesday in Washington at an event that features Elon Musk, Jensen Huang and others, according to invitation materials reviewed by CBS News.
U.S.
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Abraham Accords countries hold first official meeting since Oct. 7 attacks
Ten blocks away from the United Nations General Assembly, U.S. diplomats quietly kickstarted the expansion of the Abraham Accords from the 43rd floor of a midtown Manhattan office tower.
This week on "Sunday Morning" (Sept. 27)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
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.
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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Abraham Accords countries hold first official meeting since Oct. 7 attacks
Ten blocks away from the United Nations General Assembly, U.S. diplomats quietly kickstarted the expansion of the Abraham Accords from the 43rd floor of a midtown Manhattan office tower.
First on CBS
Trump to headline "Golden Age" event with top officials, tech executives
President Trump is slated to speak on Tuesday in Washington at an event that features Elon Musk, Jensen Huang and others, according to invitation materials reviewed by CBS News.
Investigation
Commander rejected plans to rebase before deadly drone strike, sources say
Sources tell CBS News that despite warnings about the vulnerability of the outpost in Kuwait, a commander opted not to rebase farther from Iran.
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.
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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Abraham Accords countries hold first official meeting since Oct. 7 attacks
Ten blocks away from the United Nations General Assembly, U.S. diplomats quietly kickstarted the expansion of the Abraham Accords from the 43rd floor of a midtown Manhattan office tower.
Investigation
Commander rejected plans to rebase before deadly drone strike, sources say
Sources tell CBS News that despite warnings about the vulnerability of the outpost in Kuwait, a commander opted not to rebase farther from Iran.
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.
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.
9/24: CBS Evening News
Trump hosts Xi Jinping at White House; Sen. Thom Tillis on elaborate Trump-Xi visit.
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.