Trump wants Kevin Warsh to chair the Fed
President Trump announced on social media that he wants Kevin Warsh to chair the Federal Reserve. Warsh was on the Fed's board for five years starting in 2006. CBS News' Jill Schlesinger has more.
Federal Reserve
Trump to announce new Fed Chair pick Friday
President Trump on Thursday night said he will announce his pick to lead the Federal Reserve on Friday morning. Current Fed Chair Jerome Powell is set to exit the role in May.
Trump says he will pick Fed chair next week
President Trump held his first Cabinet meeting of the year on Thursday, addressing a range of topics, including the future of the Federal Reserve. CBS News White House reporter Olivia Rinaldi has more.
Bessent defends Powell probe, Trump Accounts
In an interview with CBS News, Treasury Secretary Scott Bessent defended the DOJ investigation into Fed Chair Jerome Powell, saying, "I think that the message is that independence does not mean no accountability." He also addressed the new Trump Accounts, which are tax-deferred investment accounts created for every American child born between January 1, 2025 and December 31, 2028.
Bessent touts Trump Accounts as rainy day fund, slams critics as "out of touch"
Treasury Secretary Scott Bessent emphasized the benefits of Trump Accounts and addressed affordability concerns in an interview with CBS News.
Why the Fed held interest rates steady
The Federal Reserve, as expected, left its benchmark interest rate unchanged on Wednesday. The decision to keep the rate at its current mark comes after the central bank ended 2025 with three consecutive rate cuts. CBS News business analyst Jill Schlesinger breaks down the decision.
Powell: Economy has "pushed right through" trade changes
The Federal Reserve held interest rates steady on Wednesday, marking its first pause after three consecutive cuts in 2025. CBS News coordinating producer Richard Escobedo has the latest.
Fed holds interest rates steady in first meeting of 2026
The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.
No change to interest rates, Fed announces
The Federal Reserve announced Wednesday that interest rates would remain unchanged, holding steady in its current range of 3.5% to 3.75%. CBS News business analyst Jill Schlesinger has more.
Fed to make first 2026 interest rate decision
The Federal Reserve is meeting Tuesday to discuss its first interest rate decision of 2026 on Wednesday. Kristin Myers, ETF editor-in-chief for Asset TV, joins with more.
Here's what to expect at the Fed's first interest rate meeting of 2026
Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil involving the Fed.
Trump officials predict a 2026 economic boom. Here's what experts say.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
Justices appear skeptical of Lisa Cook firing
Embattled Federal Reserve Board Governor Lisa Cook's fight to stay on the job got a boost as Supreme Court justices appeared skeptical of President Trump's efforts to fire her. Jan Crawford has the latest.
Why SCOTUS seems skeptical of Lisa Cook firing
The Supreme Court heard arguments on Wednesday over whether President Trump exceeded his authority when he fired Lisa Cook from the Federal Reserve Board of Governors. CBS News chief legal correspondent Jan Crawford joins with the key takeaways.
Stocks jump after Trump calls off Europe tariffs
Stocks jumped on Wednesday after President Trump said he reached a framework for a deal on Greenland and backed off his tariff threat against European allies. CBS News senior business and technology correspondent Jo Ling Kent reports.
SCOTUS seems inclined to keep Cook on Fed board
The Supreme Court appears likely to allow Lisa Cook to keep her position on the Federal Reserve Board of Governors and reject President Trump's attempt to fire her for now. Arguments in the case were heard Wednesday. CBS News' Jo Ling Kent has more.
Hearing on Lisa Cook sparks concern over Fed
The Supreme Court heard arguments Wednesday over the Trump administration's desire to oust Fed Governor Lisa Cook, which sparked concern over the Federal Reserve's independence. CBS News' Katrina Kaufman has the latest.
SCOTUS hears Lisa Cook case
The Supreme Court is hearing arguments Wednesday over the Trump administration's push to fire Lisa Cook from the Federal Reserve Board of Governors. CBS News contributor Jessica Levinson and Erin Delmore, a correspondent for the BBC, a CBS News partner, discuss the arguments.
SCOTUS arguments on Lisa Cook firing attempt
The Supreme Court is hearing arguments on President Trump's bid to remove Lisa Cook from her post on the Federal Reserve Board of Governors. CBS News' Katrina Kaufman reports.
Trump is taking aim at borrowing costs. Will it work — or backfire?
President Trump's plans to ease the financial pressures on Americans are bold but could backfire, experts said.
Trump: Jerome Powell has "been a lousy Fed chairman"
President Trump brushed off a question about whether the Justice Department probe amounts to political retribution.
Trump on Iran protests, Fed's Powell and more
President Trump shared a warning for Iran, called Jerome Powell a "lousy Fed chairman," and defended the ICE agent who killed Renee Good in Minneapolis during an exclusive interview with "CBS Evening News" anchor Tony Dokoupil.
Trump calls Powell incompetent or crooked
President Trump spoke to reporters about Federal Reserve Chair Jerome Powell amid an apparent Justice Department probe into building renovations. CBS News' Jake Rosen has more.
Warren on DOJ probe of Jerome Powell
Massachusetts Democratic Sen. Elizabeth Warren blasted the Justice Department for its apparent investigation into Federal Reserve Chair Jerome Powell. CBS News' Taurean Small reports.
Backlash over DOJ probe into Jerome Powell
The Justice Department's criminal investigation into Federal Reserve chair Jerome Powell is drawing backlash from both Democrats and Republicans. At least half a dozen Republicans were critical when asked about the probe, which has to do with cost overruns to renovate the Fed's century-old headquarters.
Live
Iran launches attacks on Jordan and Bahrain as hostilities flare
U.S. forces launched new strikes Tuesday on targets connected to Iran's Revolutionary Guard, marking another round of attacks this week as the U.S. and Iran return to hostilities.
Edouard weakens to depression as heavy rain hits southeastern Texas
Edouard weakened to a tropical depression Tuesday night as wind and heavy rainfall continued to sweep southeastern Texas, the National Hurricane Center said.
House votes to condemn socialism, with 8 Democrats joining Republicans
GOP leaders scheduled the vote after Democratic primary voters embraced a number of democratic socialist candidates.
Markey defeats Moulton in Massachusetts' Democratic primary for Senate
Incumbent Sen. Ed Markey has won the Democratic nomination for U.S. Senate in Massachusetts.
Here are the military officials who've been fired or resigned under Hegseth
At least 20 generals, admirals and civilian defense leaders have been fired or have departed their jobs since Pete Hegseth became defense secretary at the beginning of the second Trump administration.
Charlie Kirk's alleged killer will stand trial for aggravated murder, judge rules
Judge Tony Graff said prosecutors have enough evidence against Tyler Robinson to put the 23-year-old on trial on a charge that could see him face the death penalty.
House censures Rep. Chuck Edwards over "inappropriate conduct" toward aides
The House Ethics Committee detailed the North Carolina Republican's "unprofessional and inappropriate conduct" toward two young women who worked for him.
Police officer charged after fatally shooting student at wrong home
Upper Pottsgrove Police Cpl. Sean Farrell was charged with voluntary manslaughter in the fatal shooting of Glenwood Earl Pysher IV on Aug. 23, officials said.
How long could the Lindsay Clancy jury remain deadlocked?
Karen Read's first trial ended with a hung jury. Here's a look at how those deliberations played out as the Lindsay Clancy jury says it is deadlocked.
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Defense attorney believes jury had "preconceived notions" in Tupac trial
Duane "Keffe D" Davis was convicted of first-degree murder nearly 30 years after the drive-by shooting that killed Tupac Shakur.
Tiger Woods to change not guilty plea in Florida DUI case, court records show
Court documents show that Tiger Woods plans to change his not guilty plea in a DUI case stemming from a rollover crash in Florida.
Charlie Kirk's alleged killer will stand trial for aggravated murder
Judge Tony Graf said prosecutors have enough evidence against Tyler Robinson to put the 23-year-old on trial on a charge that could see him face the death penalty.
How long could the Lindsay Clancy jury remain deadlocked?
Karen Read's first trial ended with a hung jury. Here's a look at how those deliberations played out as the Lindsay Clancy jury says it is deadlocked.
House censures Rep. Chuck Edwards over "inappropriate conduct" toward aides
The House Ethics Committee detailed the North Carolina Republican's "unprofessional and inappropriate conduct" toward two young women who worked for him.
MoneyWatch
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Trump says Venezuelan oil could replenish depleted U.S. stockpiles. Will it?
President Trump framed last week's deal for the U.S. government to take a stake in Venezuelan oil as a boon for the depleted Strategic Petroleum Reserve. But the plan faces some hurdles, experts say.
Rising bond yields threaten to push up U.S. borrowing costs
The U.S. bond market influences how much American consumers pay for loans and the interest they can earn on their savings accounts.
Modest pay hikes next year could leave some workers lagging inflation
Employers are likely to offer limited salary increases in 2027 amid ongoing economic uncertainty, according to a survey of 1,000 businesses.
Ford recalls nearly 149,000 Mustang vehicles over potential power issue
A potential wiring issue could lead to vehicles losing power or disruption of other functions, such as windshield wipers and headlights.
IRS audit revenue plunged following workforce reductions, watchdog finds
IRS audits collected $3.5 billion less in fiscal 2025 as the agency shed thousands of auditors and other agency staffers.
Politics
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Here are the military officials who've been fired or resigned under Hegseth
At least 20 generals, admirals and civilian defense leaders have been fired or have departed their jobs since Pete Hegseth became defense secretary at the beginning of the second Trump administration.
House censures Rep. Chuck Edwards over "inappropriate conduct" toward aides
The House Ethics Committee detailed the North Carolina Republican's "unprofessional and inappropriate conduct" toward two young women who worked for him.
House votes to condemn socialism, with 8 Democrats joining Republicans
GOP leaders scheduled the vote after Democratic primary voters embraced a number of democratic socialist candidates.
Trump says Venezuelan oil could replenish depleted U.S. stockpiles. Will it?
President Trump framed last week's deal for the U.S. government to take a stake in Venezuelan oil as a boon for the depleted Strategic Petroleum Reserve. But the plan faces some hurdles, experts say.
Congress passes funding bill to avoid shutdown before midterms
The House on Tuesday passed a measure to extend government funding into December, averting a shutdown in the final stretch of the midterm campaign.
HealthWatch
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The market forces quietly adding thousands to patient bills
The true cost of "vertical integration": Patients directed to a higher-priced location for procedures. Or forced to buy from their insurer's wholly owned pharmacy, which may not stock the drug prescribed or provide it at the lowest price.
Trump inks deal with 9 pharmaceutical companies to lower drug costs
The White House said the agreements will reduce costs to treat Parkinson's disease, macular degeneration, glaucoma, liver disease and other illnesses.
Man with sinus infection symptoms diagnosed with heart condition
Marc Gaudisosi thought his symptoms were caused by a sinus infection. Then an urgent care told him to go to the hospital.
Juul can sell updated e-cigarette with age-verification system, FDA says
Juul plans to market the new device under the brand name Juul2, along with updated versions of its tobacco- and menthol-flavored cartridges.
2 airport workers die of malaria from mosquito on plane in Germany
Caused by parasites spread via Anopheles mosquitoes, malaria can cause symptoms including nausea, headache and intense waves of fever and chills.
World
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Spain's leader says Russia and Israel fueled immigration "disinformation"
Spain's Prime Minister Pedro Sánchez says "networks linked both to Russia and to Israel" helped spread rumors about immigration "to attack Europe and divide it."
U.K. man accused of drugging, abusing wife with other men goes on trial
The case has drawn parallels to that of Gisèle Pelicot, who publicly testified against her ex-husband in a 2024 mass rape trial.
First on CBS
American among thousands missing in Nepal contacted, officials say
Nepali officials tell CBS News they have contacted a U.S. national among the more than 4,000 people still missing in the wake of the deadly flash floods.
U.S.-Venezuela oil deal will rely on North American Blue Energy Partners
The Trump administration's plan to take a stake in tens of billions of barrels of Venezuelan oil reserves will hinge on a private company called North American Blue Energy Partners, the White House announced Monday.
Lionel Messi says he is retiring from the Argentina national soccer team
Lionel Messi played in six World Cups and led Argentina to win the tournament in 2022 in Qatar.
Entertainment
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Entertainment
Danielle Brooks on "If I Go Will They Miss Me"
Danielle Brooks sits down with "CBS Mornings" to talk about her new movie, "If I Go Will They Miss Me," and how being a mother and wife helped her in portraying the role.
Lionel Richie hospitalized after weekend show
While performing in St. Louis on Saturday night, Lionel Richie appeared at one point to lean on a piano for support, according to video from the show.
John Galliano's Met Gala exhibit canceled
John Galliano's exhibit for the 2027 Met Gala has been canceled after weeks of backlash over his past antisemitic and racist comments. CBS News fashion contributor Lauren Sherman reports.
Jury finds Davis guilty in 1996 murder of Tupac
A Las Vegas jury on Monday found Duane "Keffe D" Davis guilty in the 1996 murder of Tupac Shakur. CBS News legal reporter Katrina Kaufman has more.
Closing arguments in Tupac Shakur murder trial
The jury heard closing arguments Monday in the trial of Duane "Keffe D" Davis, the man accused of orchestrating the shooting that killed rapper Tupac Shakur. Celebrity attorney Chris Melcher joins to discuss the case.
Technology
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Technology
What to expect from John Ternus as Apple CEO
John Ternus officially took over for Tim Cook as Apple CEO on Tuesday, becoming the tech giant's first new leader in 15 years. CBS News' Jo Ling Kent reports and CBS News contributor Patrick McGee breaks down what to expect.
John Ternus is Apple's new CEO
John Ternus is stepping up and into the shoes of former Apple CEO Tim Cook. CBS News' Jo Ling Kent reports, plus Puck AI correspondent Ian Krietzberg shares his thoughts on the Apple turnover and the Hugging Face AI breach.
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.
MapQuest hits No. 1 on App Store after refusing to rename Lake Ontario
MapQuest topped ChatGPT as Apple's most-downloaded free app after the digital mapping company said it would keep "historical, familiar" lake names.
Apple's new CEO takes over
John Ternus begins his tenure as Apple's new CEO on Tuesday, marking a historic shift for the company. Jo Ling Kent reports.
Science
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Science
Vote on the fattest marmot now
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA plans to launch new space telescope
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Crime
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Defense attorney believes jury had "preconceived notions" in Tupac trial
Duane "Keffe D" Davis was convicted of first-degree murder nearly 30 years after the drive-by shooting that killed Tupac Shakur.
Robinson to stand trial in Kirk killing
A judge ruled Tuesday that accused Charlie Kirk shooter Tyler Robinson will stand trial in the killing of the late conservative activist, where he could face the death penalty.
Charlie Kirk's alleged killer will stand trial for aggravated murder
Judge Tony Graf said prosecutors have enough evidence against Tyler Robinson to put the 23-year-old on trial on a charge that could see him face the death penalty.
Duane Davis' attorney on his conviction
Michael Sanft, Duane "Keefe D" Davis' defense attorney, joins "The Daily Report" to discuss his client's conviction for the 1996 murder of Tupac Shakur and shares his concerns about the jury's "preconceived notions."
Officer charged in fatal student shooting
A 22-year-old college baseball player was gunned down in Pennsylvania last week after knocking on the wrong door. On Tuesday, a 58-year-old police corporal was charged with manslaughter. Tom Hanson reports.
Space
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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.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
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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.
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Robinson to stand trial in Kirk killing
A judge ruled Tuesday that accused Charlie Kirk shooter Tyler Robinson will stand trial in the killing of the late conservative activist, where he could face the death penalty.
What to expect from John Ternus as Apple CEO
John Ternus officially took over for Tim Cook as Apple CEO on Tuesday, becoming the tech giant's first new leader in 15 years. CBS News' Jo Ling Kent reports and CBS News contributor Patrick McGee breaks down what to expect.
Duane Davis' attorney on his conviction
Michael Sanft, Duane "Keefe D" Davis' defense attorney, joins "The Daily Report" to discuss his client's conviction for the 1996 murder of Tupac Shakur and shares his concerns about the jury's "preconceived notions."
Marine veteran on Trump's Iran strategy
CBS News contributor Elliot Ackerman, a Marine Corps veteran, breaks down President Trump's military strategy as the U.S. launches new strikes over Iran's alleged interference with the passage of ships in the Strait of Hormuz.
House censures Chuck Edwards after Ethics probe
The House on Tuesday voted to censure Republican Rep. Chuck Edwards of North Carolina over "inappropriate conduct" toward aides. Edwards denies the allegations.