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Gary Cohn, the former top economic adviser in the Trump White House and who is now vice chairman of IBM, tells "Face the Nation" that he believes the impending sale of troubled bank First Republic "will be a much faster process" than what happened with Silicon Valley Bank. But he says this is a "seismic moment" for the American people and whether they trust their banks.
Missed the second half of the show? The latest on the impending sale of the troubled First National Bank; Parents across the country on the impact gun violence is having on their children; and Russian forces launched another deadly offensive in Ukraine.
Gary Cohn, the former top economic adviser in the Trump White House who is now vice chairman of IBM, tells "Face the Nation" that "when people lose confidence in a bank, deposits go out the door very quickly … there's a contagion effect."
The collapse of Silicon Valley Bank has brought on turmoil in the banking industry. Gary Cohn, a former Goldman Sachs executive and top economic advisor in the Trump administration, joins "CBS Mornings" to discuss the collapse and the latest action.
The following is a transcript of an interview with Gary Cohn that aired Sunday, Feb. 5, 2023, on "Face the Nation."
Gary Cohn, the former top economic adviser in the Trump White House and now vice chairman of IBM, discusses the strong January job numbers, the possibility of a recession in the first half of 2023 and the impact of failing to raise the debt ceiling.
Cohn said the country needs to return to the "more traditional definition of unemployment."
The following is a transcript of an interview with former National Economic Council Director Gary Cohn that aired Sunday, May 17, 2020, on "Face the Nation."
The former White House economic adviser said the government should need "transition out of the extraordinary measures that were justifiable 60 days ago, 90 days ago, into the real world of what is the continuous definition of unemployment."
This week on "Face the Nation", as America continues to come out of its quarantine, the economic downturn continues to take its toll — hitting those who can least afford it the hardest.
Gary Cohn, President Trump's former chief economic adviser, joins "CBS This Morning" to talk about the economic impact of the coronavirus pandemic for our series Financial Fallout. Cohn was president and COO of Goldman Sachs during the last recession, and says we need to "take our clues" from the way COVID-19 is spreading in order to safely and cautiously reopen the economy.
On this "Face the Nation" broadcast, we sat down with Dr. Anthony Fauci and Dr. Scott Gottlieb as well as Gary Cohn and Frederick Smith.
The following is a transcript of an interview with former National Economic Council Director Gary Cohn that aired Sunday, March 22, 2020, on "Face the Nation."
The former top White House economic adviser says workers and businesses need a lifeline as the coronavirus shuts down vast swaths of the global economy.
On this "Face the Nation" broadcast, we sit down with Gary Cohn, Jerry Nadler and John Cornyn.
The former top White House economic adviser said he does not believe the tariffs imposed on billions of dollars worth of goods imported from China helped the U.S. reach a preliminary trade deal with Beijing.
President Trump's former top economic adviser said he doesn't believe the tariffs on Chinese imports helped the U.S. reach a different outcome.
The following is a transcript of an interview with Gary Cohn, the former director of the National Economic Council, airing Sunday, January 19, 2020, on "Face the Nation.
Former Trump economic adviser Gary Cohn said the trade war with China is backfiring on the U.S., hurting industries in America much more than those in China. Cohn spoke about tariffs and other economic issues with BBC News.
Attorney General William Barr says he thinks the FBI spied on President Trump's 2016 campaign. Jackie Alemany, author of The Washington Post's "Power Up" newsletter, joins CBSN to discuss the Attorney General's testimony and the rest of the day's top political headlines.
Investigative journalist Vicky Ward joined "Red and Blue" to give an inside look at her new book "Kushner, Inc." She said there are moments when President Trump wants Jared Kushner and Ivanka Trump to leave Washington.
Here are all the departures you probably long forgot about from the past year
This week marks one year since the passage of the Tax Cuts & Jobs Act, which reduced the corporate and individual tax rate
This week marks one year since the passage of the Tax Cuts and Jobs Act. The legislation reduced tax rates for individuals and increased the standard deduction. It also cut the corporate tax rate from 35 percent to 21 percent. As part of our series, Issues That Matter, we're taking a closer look at the impact of those tax cuts one year later. Gary Cohn, who served as director of the National Economic Council and as chief economic adviser to President Trump during the tax debate, joins "CBS This Morning" to discuss the state of the economy. Cohn resigned from his White House post in March.
Here are some of the most memorable passages from "Fear: Trump in the White House" - which skyrocketed to the top of the Amazon best sellers list Tuesday
Dianne Feinstein was the longest-serving woman in the U.S. Senate as well as the longest-serving senator from California.
House Republicans subpoenaed the personal and business banking records of President Biden's son and brother.
Pakistan's Interior Minister condemned the "heinous" suicide bombing that killed dozens of people gathered at a mosque to mark the Prophet Mohammed's birthday.
Trump might think Mar-a-Lago is worth $1.8 billion, but in 2020, his own company said the Palm Beach appraiser was right. That year, the county valued Mar-a-Lago at $27 million.
Gareth Pursehouse, 45, was convicted of first-degree murder for throwing 38-year-old Amie Harwick from the third-floor balcony of her Hollywood Hills home in 2020.
"This unsafe, unprofessional, and irresponsible behavior by the Iranian Revolutionary Guard Corps Navy risks U.S. and partner nation lives," the U.S. Navy said.
Americans are growing increasingly skeptical of the value of college, but some alums are pulling in close to $200,000 a year a decade after graduating.
Among them: Department of Homeland Security says almost 3/4 of its workers would be kept on the job with their pay delayed.
UAW President Shawn Fain expected to announce new strike targets at Ford, General Motors and Stellantis.
The 400-pound stingray was nearly the length of Kansas City Chiefs tight end Travis Kelce.
Daniel Auderer could be heard saying Jaahnavi Kandula's life had "limited value" after the 23-year-old student was fatally struck.
Dianne Feinstein was the longest-serving woman in the U.S. Senate as well as the longest-serving senator from California.
Police said that evidence and witnesses indicate Eugene Frank Becker felt he was overcharged when he brought a vehicle to Stout's in Largo, Florida, for service in 2021.
The fuel spill at Pearl Harbor still threatens the purity of Honolulu's water supply.
UAW President Shawn Fain expected to announce new strike targets at Ford, General Motors and Stellantis.
The states' governors want to keep tourists flocking to and spending money in areas around the parks. Other states may also keep national parks open.
Americans are growing increasingly skeptical of the value of college, but some alums are pulling in close to $200,000 a year a decade after graduating.
The once-iconic DVD-by-mail service obliterated Blockbuster video stores and provided a springboard into video streaming that's transformed entertainment.
Black workers were called "boy" and "monkey," a U.S. Equal Employment Opportunity Commission lawsuit claims.
Dianne Feinstein was the longest-serving woman in the U.S. Senate as well as the longest-serving senator from California.
The states' governors want to keep tourists flocking to and spending money in areas around the parks. Other states may also keep national parks open.
House Republicans subpoenaed the personal and business banking records of President Biden's son and brother.
"We need to do everything we can to stop this effort NOW, and not wait until they name a ticket and this becomes a runaway train," a Democratic Party official in Utah said in an email obtained by CBS News.
China "appears to have calculated that it can more aggressively pursue its interests via information manipulation," a new State Department report says.
CVS Health pharmacists are being run ragged by insufficient staff and corporate quotas that jeopardize patient safety, protest organizers claim.
The findings are just the latest to show benefits from COVID vaccination during pregnancy.
Hospitals are merging across separate markets within states, resulting in higher patient bills with no improvement in care, evidence shows.
Federal health advisors voted 17-1 against an experimental treatment for Lou Gehrig's disease dubbed NurOwn, although the FDA is not bound by the vote.
After the attack in Jupiter, Florida, animal control picked up the otter and it tested positive for rabies, a disease that can be fatal. Here's how it is handled.
The Sycamore Gap tree, a local landmark famed for sharing a scene with Kevin Costner's "Robin Hood," was cut down and a 16-year-old boy has been arrested.
"This unsafe, unprofessional, and irresponsible behavior by the Iranian Revolutionary Guard Corps Navy risks U.S. and partner nation lives," the U.S. Navy said.
Pakistan's Interior Minister condemned the "heinous" suicide bombing that killed dozens of people gathered at a mosque to mark the Prophet Mohammed's birthday.
China "appears to have calculated that it can more aggressively pursue its interests via information manipulation," a new State Department report says.
Switzerland's alpine glaciers have lost as much ice in 2 years as they did in the 30 leading up to 1990, a sign of the climate's "critical state," one scientist says.
"Autumn Variations" features 14 heartfelt songs inspired by the people in Ed Sheeran's life.
Ed Sheeran is out with his second album of the year, "Autumn Variations." "CBS Mornings" co-host Gayle King listened to it exclusively with the singer, who discussed the inspiration behind the record and shared how he feels about being called a pop star. He also talks about why he's managing his expectations for this release.
The once-iconic DVD-by-mail service obliterated Blockbuster video stores and provided a springboard into video streaming that's transformed entertainment.
Gareth Pursehouse, 45, was convicted of first-degree murder for throwing 38-year-old Amie Harwick from the third-floor balcony of her Hollywood Hills home in 2020.
On a September day in 1998, 177 of the greatest artists in hip-hop gathered together on a city block in Harlem.
ChatGPT has become even more advanced in its ability to inform and interact with users. OpenAI confirmed Wednesday the artificial intelligence-powered system can now browse the internet to provide users with the most up-to-date information when previously it only used data up to September 2021. OpenAI also announced this week that ChatGPT can now "see, hear, and speak" with users through newly rolled-out features. Kyle Wiggers, senior enterprise reporter at TechCrunch, joined CBS News to talk about the updates.
The government's antitrust case against Google is now entering its third week, but efforts by the tech giant to close off testimony to the public are raising questions about transparency in the Justice Department's biggest monopoly trial in more than 20 years. Nico Grant, a technology reporter at the New York Times, joined CBS News to discuss the case.
The government's antitrust case against Google is now entering its third week, but efforts by the tech giant to close off testimony to the public are raising questions about transparency in the Justice Department's biggest monopoly trial in more than 20 years. Nico Grant, a technology reporter at the New York Times, joined CBS News to discuss the case.
The billionaire will not receive compensation for serving as the company's president, CEO and chairman, GameStop said.
Meta CEO Mark Zuckerberg kicked off the tech giant's developer conference Wednesday, saying the company is focused on virtual and augmented reality as well as artificial intelligence technologies. Notable new additions include an AI personal assistant people can interact with using any of Meta's messaging apps. Will Knight, senior writer at Wired, joined CBS News to discuss the conference and what happened to Threads.
The family was looking for a lost gold earring in their garden, but instead they found artifacts dating back more than 1,000 years, officials said.
"People didn't think it could really be done," Marc Friedländer, an associate professor in molecular biology at Stockholm University, told CBS News.
For the first time, scientists in Sweden have analyzed an extinct animal's RNA. They're studying the Tasmanian tiger which has been extinct since the 1930s. Marc Friedländer, associate professor in molecular biology at Stockholm University, joins CBS News to discuss what the breakthrough means for science.
What could soon be Tropical Storm Ophelia is moving closer to the U.S. East Coast, the National Hurricane Center said, and a tropical storm warning is in effect from Cape Fear, North Carolina, to Fenwick Island, Delaware. CBS News Baltimore's Janay Reece has an update on how locals there are preparing for the storm. And Lynette Charles, meteorologist for The Weather Channel, has a forecast for where the storms could be most severe.
Since 2016, wildfire smoke in the U.S. has reversed roughly 25% of air quality improvements made from the 2000 Clean Air Act, according to a new study published in the journal Nature. That figure doubles to roughly 50% when looking specifically at the impact on many western states. For more on this, CBS News was joined by Marshall Burke, an associate professor at Stanford's Doerr School of Sustainability and a co-author of the study.
Police said that evidence and witnesses indicate Eugene Frank Becker felt he was overcharged when he brought a vehicle to Stout's in Largo, Florida, for service in 2021.
"48 Hours" investigates the death of Illinois woman Becky Bliefnick, who was found dead in her home, and her estranged husband Tim Bliefnick, who was charged with her murder. "48 Hours" correspondent Erin Moriarty joins "CBS Mornings" with her exclusive interview with Tim Bliefnick, who maintains his innocence.
After Becky Bliefnick was gunned down inside her Illinois home, investigators uncovered intriguing surveillance footage pointing to a suspected killer.
A man was shot at a protest in Española, New Mexico, after a scuffle broke out between protesters and a counter-protester over the installation of a statue of Spanish conquistador Juan de Oñate. The suspect, 23-year-old Ryan Martinez, was arrested, and the victim was airlifted to an area hospital. CBS News' Omar Villafranca has the details.
Investigators say they've uncovered yet another drug mill in the Bronx, again involving fentanyl.
As new space tour companies change the way we can see our world, a moratorium on spaceflight regulation and participant safety has come to the forefront. In the latest CBS Reports documentary, Mark Strassmann takes a close look at the next great leap for humankind -- and whether regulators and industry stakeholders are striking the right balance between encouraging innovation and ensuring safety.
Descent from the International Space Station closed out an unexpected 371-day stay, the longest flight in U.S. space history.
September's full moon, also known as the harvest moon, will be the last of four consecutive supermoons.
NASA astronaut Frank Rubio is finishing up the longest single flight in U.S. space history at 371 days.
NASA is celebrating the successful end of a 7-year, $1 billion mission to collect and return a sample from the asteroid Bennu. CBS News' Mark Strassmann has more on the mission. And Derrick Pitts, chief astronomer at the Franklin Institute, joined CBS News to discuss the significance of the samples.
Inside South Carolina's "trial of the century" — how investigators built their case
What Angelina Fernandes saw the night her mother was accused of murder.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
How prosecutors made the case that the Wisconsin man killed his parents Bart and Krista Halderson in July 2021.
On Nov. 11, 2012, Jake Nolan accompanied his psychiatrist cousin to a NYC Home Depot where she purchased a sledgehammer; 24 hours later, it became a key piece of evidence in a crime that ended with Nolan and her ex-lover in the hospital.
In the aftermath of the Titan submersible tragedy, extreme travel has come under fresh scrutiny. But one industry stands out for both its allure and the lack of regulation protecting participants' safety: space tourism. CBS Reports explores the next great leap for humankind and whether regulators and industry stakeholders are striking the right balance between encouraging innovation and ensuring safety.
Sen. Dianne Feinstein, who shattered glass ceilings while representing California in the U.S. Senate for more than three decades, has died, two sources confirmed to CBS News. She was 90. CBS News congressional correspondent Scott MacFarlane has more.
Ed Sheeran is out with his second album of the year, "Autumn Variations." "CBS Mornings" co-host Gayle King listened to it exclusively with the singer, who discussed the inspiration behind the record and shared how he feels about being called a pop star. He also talks about why he's managing his expectations for this release.
"48 Hours" investigates the death of Illinois woman Becky Bliefnick, who was found dead in her home, and her estranged husband Tim Bliefnick, who was charged with her murder. "48 Hours" correspondent Erin Moriarty joins "CBS Mornings" with her exclusive interview with Tim Bliefnick, who maintains his innocence.
A man was shot at a protest in Española, New Mexico, after a scuffle broke out between protesters and a counter-protester over the installation of a statue of Spanish conquistador Juan de Oñate. The suspect, 23-year-old Ryan Martinez, was arrested, and the victim was airlifted to an area hospital. CBS News' Omar Villafranca has the details.