Can Janet Yellen hit the market's sweet spot?
Wall Street wants a "dovish hike" -- a tiny rise and a promise to go very slow from here -- but disappointment is possible
Federal Reserve
The pros and cons of a Fed interest rate hike
As U.S. central bank readies to make its first rate increase since 2006, there's case to be made for staying at zero -- or not
Consumer prices held steady in November
Excluding energy and food, however, the 0.2 percent gain puts that core CPI measure an annual rate of 2 percent
Global shares mixed as investors weigh Fed rate hike
Wall Street seemed poised to extend Monday's last minute gains: Both Dow and S&P futures were up 0.8 percent
Calendar: Week of December 14
"Sunday Morning" takes a look at some notable events of the week ahead
Why it's tricky for Fed officials to talk politically
When Janet Yellen weighed in on inequality, it opened her up to harsh criticism that was misguided -- but also avoidable
PIMCO picks Ben Bernanke to lead its board
In addition to the former Fed chair, the bond fund giant has named ex-ECB head Jean-Claude Trichet as a board member
Before you get too excited by Friday's rally. . .
November's payroll report sent stocks soaring, but here's why that's not enough to mean the bulls are in charge again
November payrolls increased more than anticipated
Government says unemployment rate held at a seven-year low of 5 percent, with table seen as set for rise in borrowing costs
Fed and ECB stimulus worries slam stocks
Investors disappointed with central banks punish financial markets across the board, pushing the Dow down for the year
Yellen confident U.S. economy is on the mend
Fed chief points to positive signals on job growth and inflation, setting stage for December hike in interest rates
The stock market is calm -- that's worrisome
Financial markets may appear tranquil, but beneath the surface some investors are girding for trouble
U.S. economy grew at 2.1 percent rate in third quarter
Less severe slowdown in stockpiling by businesses is main reason for better-than-initially thought reading of summer activity
World stocks drift as Fed-fueled rally fades
U.S. stocks were poised to open higher: Dow futures added 0.4 percent, and broader S&P 500 futures rose 0.3 percent
Global stocks move higher after signs of Fed rate hike
Futures showed that Wall Street was likely to extend its gains: Dow futures gained 0.2 percent, and S&P futures rose 0.4 percent
Below the surface, Wall Street is still nervous
Stocks may have shrugged off the shock of the Paris terror attacks, but lingering worries about rate hikes are lurking
Stocks higher; ConAgra Foods jumps on spinoff news
Investors welcomed new hints that the Federal Reserve could begin to raise interest rates as early as next month
Consumer prices rise slightly in October
Gas costs increased 0.4 percent in October but have plunged 27.8 percent over the past 12 months
Is the U.S. recovery too old for its own good?
Yes, the current expansion has already lasted much longer than usual -- but that doesn't mean it's about to end
Where Fed's critics got it wrong in GOP debate
Claims that the central bank caused income inequality and stunted the economic recovery make no sense -- here's why
Yellen: Research needed on unconventional policy tools
Fed chair's remarks did not address current economic conditions or future policy moves by the central bank
Global stocks drift ahead of Yellen comments
U.S. stocks were poised for a lackluster opening, with Dow futures down 0.1 percent and broader S&P 500 futures unchanged
Uh oh -- just 8 stocks are propping up the market
And as the Fed starts hiking rates, that could mean Wall Street gets a lump of coal rather than a Santa Claus rally
Mortgage borrowers, don't fear a Fed rate hike
Few realize that the central bank's impact on longer-term rates, such as those for home mortgages, is muted to nil
World stocks lower on gloomy forecasts
Futures pointed to a flat start on Wall Street: Dow futures were flat while S&P 500 futures were down 0.1 percent
Americans weigh in on cost of living, Trump, expectations for 2026 in poll
More see Trump's policies responsible for economy today than Biden's; there are also concerns about AI impact on jobs.
Hassett says $2,000 tariff checks for Americans will depend on Congress
Director of the National Economic Council Kevin Hassett said Sunday that President Trump's idea to give Americans $2,000 checks funded by tariff revenue will "depend on what happens with Congress."
Khanna says DOJ Epstein files release was a "slap in the face" to survivors
Rep. Ro Khanna said the release of an initial tranche of files and photos related to late sex offender Jeffrey Epstein was a "slap in the face of survivors," while Rep. Thomas Massie said the DOJ is "flouting the spirit and the letter of the law."
U.S. Coast Guard pursuing third oil tanker off Venezuela coast, source says
The pursuit of the tanker, off the coast of Venezuela, is the second such operation this weekend and the third in less than a week.
Thousands of mourners gather at Bondi Beach to honor attack victims
Prime Minister Anthony Albanese, whose government earlier this year recongized a Palestinian state, was booed by the crowd.
Israel's Cabinet approves 19 new settlements in West Bank
The latest approvals bring the total number of new settlements over the past two years to 69, Finance Minister Betzalel Smotrich posted on social media.
Suspected Brown and MIT professor shooter showed signs of anger, former friend says
A former friend of the man accused of the deadly Brown University shooting and killing an MIT professor described him as a "socially awkward" person who showed signs of anger during their time on campus together.
MS-13 gang member sentenced to 1,335 years in prison in El Salvador
Earlier this year, the U.S. designated MS-13, which was formed in Los Angeles in the 1980s by Salvadoran immigrants, a terrorist organization.
Rob Reiner's friends and colleagues share fond and funny memories
Friends and colleagues of Rob Reiner sat down with CBS News to share personal anecdotes and fond memories of him following the news of his tragic death.
U.S.
More U.S.
Artemis 2 astronauts rehearse countdown for upcoming moon launch
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
Georgetown coach suspended for one game for water bottle throw
Georgetown men's basketball coach Ed Cooley was suspended by the school on Sunday for one game after throwing a water bottle into the stands at the end of a loss to Xavier the night before.
Full transcript of "Face the Nation with Margaret Brennan," Dec. 21, 2025
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Thomas Massie and Ro Khanna join Margaret Brennan.
Khanna says DOJ Epstein files release was a "slap in the face" to survivors
Rep. Ro Khanna said the release of an initial tranche of files and photos related to late sex offender Jeffrey Epstein was a "slap in the face of survivors," while Rep. Thomas Massie said the DOJ is "flouting the spirit and the letter of the law."
Hassett says $2,000 tariff checks for Americans will depend on Congress
Director of the National Economic Council Kevin Hassett said Sunday that President Trump's idea to give Americans $2,000 checks funded by tariff revenue will "depend on what happens with Congress."
MoneyWatch
More MoneyWatch
Rome introduces tourist fee for some Trevi fountain visitors
Tourists visiting the Trevi Fountain are now going to pay more than just the legendary coin toss over their shoulder.
Want to work in AI? Here are the skills to master, economist says
Rapid emergence of AI will foster demand for new types of workers, including "explainers" and bias auditors, according to economist Robert Seamans.
Here's how much ACA costs would have risen this year without subsidies
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Trump reaches deal with 9 major drugmakers to lower prices
Nine drug manufacturers will offer their drugs to Medicaid recipients at most-favored-nation discounts in exchange for tariff exemptions.
Judge in nursing home bankruptcy case gives families fresh hope
A bankruptcy judge blocked an attempt by a nursing home chain's primary investor to shield himself from settlement payments and liability in lawsuits over allegations of poor care.
Politics
More Politics
Full transcript of "Face the Nation with Margaret Brennan," Dec. 21, 2025
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Thomas Massie and Ro Khanna join Margaret Brennan.
U.S. Coast Guard pursuing third oil tanker off Venezuela coast, source says
The pursuit of the tanker, off the coast of Venezuela, is the second such operation this weekend and the third in less than a week.
Khanna says DOJ Epstein files release was a "slap in the face" to survivors
Rep. Ro Khanna said the release of an initial tranche of files and photos related to late sex offender Jeffrey Epstein was a "slap in the face of survivors," while Rep. Thomas Massie said the DOJ is "flouting the spirit and the letter of the law."
Transcript: Reps. Thomas Massie and Ro Khanna on "Face the Nation with Margaret Brennan," Dec. 21, 2025
The following is the transcript of the interview with Reps. Thomas Massie, a Kentucky Republican, and Ro Khanna, a California Democrat, that aired on "Face the Nation with Margaret Brennan" on Dec. 21, 2025.
Transcript: UNICEF's Catherine Russell on "Face the Nation with Margaret Brennan," Dec. 21, 2025
The following is the transcript of the interview with UNICEF Executive Director Catherine Russell that aired on "Face the Nation with Margaret Brennan" on Dec. 21, 2025.
HealthWatch
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This professional Santa's dream of spreading holiday cheer fuels stroke recovery
Brent Rasmussen had a massive stroke in 2023. Getting his "ho ho ho back" helped motivate his recovery.
Here's how much ACA costs would have risen this year without subsidies
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Inside the FDA's vaccine uproar
A memo from Dr. Vinay Prasad, the head of the FDA's Center for Biologics Evaluation and Research, may signal an effort to to rewrite the rules governing the U.S. vaccine system.
Trump administration unveils proposals to cut off transgender care for minors
The proposals run counter to the recommendations of most major U.S. medical organizations.
Measles outbreaks worsen in South Carolina, Arizona and Utah
Nationally, the measles case count is nearing 2,000 for a disease that has been considered eliminated in the U.S. since 2000, a result of routine childhood vaccinations.
World
More World
12 bodies found outside Guatemala City linked to gang violence, officials say
At least 12 bodies were found in three days in a wooded area on the outskirts of Guatemala City, authorities said Sunday, linking the discovery to gang violence.
MS-13 gang member sentenced to 1,335 years in prison in El Salvador
Earlier this year, the U.S. designated MS-13, which was formed in Los Angeles in the 1980s by Salvadoran immigrants, a terrorist organization.
U.S. Coast Guard pursuing third oil tanker off Venezuela coast, source says
The pursuit of the tanker, off the coast of Venezuela, is the second such operation this weekend and the third in less than a week.
Thousands gather for winter solstice celebrations at Stonehenge
Many make the pilgrimage to the stone circle every summer and winter and consider it a spiritual experience.
Transcript: Reps. Thomas Massie and Ro Khanna on "Face the Nation with Margaret Brennan," Dec. 21, 2025
The following is the transcript of the interview with Reps. Thomas Massie, a Kentucky Republican, and Ro Khanna, a California Democrat, that aired on "Face the Nation with Margaret Brennan" on Dec. 21, 2025.
Entertainment
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Entertainment
Young People's Chorus of NYC: "Jolly Toyland"
To mark the Christmas season, "Sunday Morning" presents a performance by the Young People's Chorus of New York City, of "Jolly Toyland," arranged by Francisco J. Nunez.
Young People's Chorus of NYC: "Deck the Halls"
"Sunday Morning" gifts to its viewers a Christmas tradition: a performance by the Young People's Chorus of New York City. They present "Deck the Halls," arranged by Francisco J. Nunez and Jim Papoulis.
Sean Ono Lennon on being caretaker of the legacy of John Lennon & Yoko Ono
The musician-songwriter-producer, who says he feels a responsibility to promote his parents' legacy, talks about the animated short inspired by their anti-war anthem, "Happy Xmas (War Is Over)," and the new HBO documentary "One to One: John & Yoko."
Extended interview: Sean Ono Lennon
In this web exclusive, Sean Ono Lennon talks with Anthony Mason about The Claypool Lennon Delirium, his musical collaboration with Les Claypool of Primus, and his upcoming jazz album. He also discusses his animated short film, "War Is Over!"; his custodianship of the musical legacy of his parents, John Lennon and Yoko Ono; how concert footage and previously-unknown private recordings came together in the documentary "One to One"; and how creating art is "a fundamental force" in his life.
Sean Ono Lennon on the legacy of John & Yoko
The music of The Beatles, and of John Lennon and Yoko Ono, is timeless. And yet, musician, songwriter and producer Sean Ono Lennon says he feels a responsibility to promote his parents' legacy, by reminding the world of its power. He talks with Anthony Mason about the Oscar-winning animated short inspired by their anti-war anthem "Happy Xmas (War Is Over)"; and of the new HBO documentary "One to One: John & Yoko," which features material he'd never heard before.
Technology
More Technology
Want to work in AI? Here are the skills to master, economist says
Rapid emergence of AI will foster demand for new types of workers, including "explainers" and bias auditors, according to economist Robert Seamans.
DraftKings hopes to score big with new prediction markets app
Sports betting companies face mounting competition from rapidly growing prediction markets such as Kalshi and Polymarket.
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.
Japanese woman marries AI boyfriend
People are starting to develop lasting connections with artificial technology. Melissa J. Perry, the dean of the College of Public Health at George Mason University, joins CBS News with more details.
TikTok nears deal to avoid U.S. ban
TikTok has signed a deal to sell its U.S. operations to a group of investors in America, a source familiar with the deal tells CBS News. Jo Ling Kent has more.
Science
More Science
Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Crime
More Crime
Crime
Khanna on full Epstein file release
Reps. Ro Khanna, a California Democrat, and Thomas Massie, a Kentucky Republican, who pushed for the Justice Department to release the Jeffrey Epstein files, said the problem with the release isn't that it's "taking too long" and but that Friday's release is a "slap in the face of survivors."
Police seek motive in deadly shootings
Authorities are seeking motive after the man responsible for the deadly shooting at Brown University and the murder of an MIT professor was found dead in a New Hampshire storage unit on Thursday.
Epstein survivor on partial files release
The Justice Department released a new batch of files related to convicted sex offender Jeffrey Epstein on Friday. Epstein survivor Sharlene Rochard joins with her reaction. Then, Spencer Kuvin, an attorney who represents some Epstein survivors, provides further analysis.
New photos in initial trove of Epstein files
The Justice Department on Friday released a batch of files related to convicted sex offender Jeffrey Epstein. CBS News' Erica Brown and Katrina Kaufman report.
Investigators struggled to ID Brown suspect while gunman went on to kill again
The manhunt for the Brown University shooter was complicated by the early misidentification of a person of interest and limited, low-quality video footage.
Space
More Space
Artemis 2 astronauts rehearse countdown for upcoming moon launch
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
Woman is first wheelchair user launched into space
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
Jared Isaacman, billionaire who's flown with SpaceX, confirmed to lead NASA
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
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.
"Son of Sam": A serial killer's reign of terror
Calling himself the "Son of Sam" in a letter left at one of the crime scenes, David Berkowitz claimed voices were ordering him to kill -- starting in the summer of 1976, he went on a 13-month spree of impulse killings in New York City that left six dead and seven injured
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Getting ready for the U.S. Semiquincentennial
The upcoming celebration of the 250th anniversary of the Declaration of Independence is a time to take stock and see if the U.S. is living up to the revolutionary ideals the country was founded upon.
Everest climbs put Sherpa guides at risk
Sherpas navigate extreme conditions and treacherous pathways as they act as porters and guides for climbers summiting Everest. They put their lives on the line, often with little recognition.
The Kanneh-Masons: Meet the musical siblings
The Kanneh-Mason family boasts seven classically trained musicians, each under the age of 30. The siblings have toured the world and recorded chart-topping albums.
What it takes to film on Mount Everest
Correspondent Cecilia Vega, producer Jacqueline Williams and a crew physically trained for months to reach Everest Base Camp. Vega said their ascent was, "the hardest thing I've ever done physically."
Face the Nation: Hassett, Russell, Coakley
Missed the second half of the show? White House National Economic Council Director Kevin Hassett, UNICEF Executive Director Catherine Russell and Archbishop Paul S. Coakley join.