What to expect as Kevin Warsh leads his first Fed interest rate meeting
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
Inflation
How Georgia candidates plan on tackling costs
Voters in Georgia are casting their ballots in two key Republican runoff races on Tuesday. Trump-backed Lieutenant Gov. Burt Jones and billionaire Rick Jackson are vying for the GOP nomination for governor. The winner will face Democrat and former Atlanta Mayor Keisha Lance Bottoms in November. Meanwhile, Trump-backed Rep. Mike Collins is facing off with former college football coach Derek Dooley for the GOP nomination for Senate. The winner of that race will take on Sen. Jon Ossoff in November. CBS News correspondent Skyler Henry has more.
Wholesale prices see biggest spike since 2022
The producer price index came in much higher than expected in May, signaling that U.S. consumers may face more inflation in the coming months. CBS News' Kelly O'Grady explains.
New wholesale inflation data shows huge rise
New Producer Price Index data signals that inflation continues to affect wholesalers more and more. CBS News' Kathryn Watson has more.
Trump says U.S. will take Iran's Kharg island
President Trump is renewing his threats to take Iran's Kharg Island, a move that would worsen the dynamic with Tehran despite diplomatic efforts to reach a peace deal. CBS News' Robert Berger and Aaron Navarro report.
Wholesale prices see biggest spike since 2022 as energy costs climb
A surge in the Producer Price Index signals that businesses are paying more for goods and services, which could push up consumer costs.
Trump says U.S. will continue to bomb Iran
President Trump announced that more attacks on Iran are coming following two days of strikes on Iranian facilities and reciprocal strikes in the region by Tehran. CBS News' Kathryn Watson reports.
Trump says "I love the inflation"
Inflation surpassed 4% in May, surging to its highest level in three years, new government data shows. When asked about the latest spike in prices, President Trump said "I love the inflation" and argued global prices would be higher if not for a secret U.S. mission in the Strait of Hormuz. Nancy Cordes has more.
New survey results on U.S. financial stress
A new poll from Edward Jones and Gallup of more than 5,000 adults found only 16% felt financially "fulfilled." More than half said they feel financially "conflicted," experiencing both stability and uncertainty. 32% were financially stressed. Washington Post columnist Michelle Singletary joins "The Daily Report" to discuss her article about the poll.
In a tough economy, many U.S. teachers forced to work second jobs
According to a recent survey, 71% of U.S. public school teachers said they work at least one second job.
Teachers leaning on side hustles
Over a third of U.S. workers now hold multiple jobs just to keep up, according to a recent survey by ZipRecruiter. Meg Oliver shows how many school teachers are working side hustles in this "Affordability in America."
Inflation topped 4% in May as CPI surged to highest level in 3 years
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
U.S. inflation hits 3-year-high
The U.S. saw its highest inflation since April 2023 in May, according to the latest numbers from the Bureau of Labor Statistics. Kelly O'Grady has more.
What May inflation signals about state of economy
Inflation in the U.S. accelerated in May to its highest level in more than three years. CBS News' Kelly O'Grady breaks down the numbers.
Why consumer prices jumped in May
U.S. consumers paid higher prices once again in May, with inflation at its highest level in over three years. According to the latest report from the Bureau of Labor Statistics, consumer prices accelerated at an annual rate of 4.2%. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Breaking down May's inflation report
Inflation surged again in May due to high energy costs and supply constraints worsened by the Iran war. Madison Mills, a senior reporter at Axios, joins to discuss.
Trump on CPI data: "I love the inflation"
President Trump is weighing in on the latest Consumer Price Index data, which shows inflation rose to 4.2% in May. Mr. Trump said, "I love the inflation," and said oil and gas prices will slump after the war with Iran is over.
Inflation surges to 4.2% in May CPI report
Household budgets are under increased pressure as new Consumer Price Index data shows inflation rose to 4.2%, the highest level since April 2023. The Federal Reserve will meet later in June to discuss interest rates. CBS News' Kelly O'Grady breaks it down.
May inflation likely topped 4% for first time in 3 years, economists say
Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.
Trump visits Wisconsin amid jobs report
The Bureau of Labor Statistics released the May jobs report on Friday, with numbers that were significantly higher than experts' projections. President Trump traveled to Wisconsin to meet with dairy farmers in an attempt to energize his supporters. CBS News' Kelly O'Grady and Nikole Killion have more.
Trump admin. reacts to latest jobs report
The Trump administration is touting the latest jobs report, claiming it shows the president's economic policies are working. CBS News' Nancy Cordes reports.
New jobs report beats expectations
The latest jobs report beat expectations for the month of May, but some key points remain unchanged. CBS News' Kelly O'Grady and Aaron Navarro report.
5 economic signals suggest U.S. consumers are feeling the strain
Consumers have kept the economy chugging along despite financial pressures. But some signs suggest they could be losing steam, experts say.
New data shows Americans are saving less
New government data shows Americans are saving less as the U.S. grapples with inflation and higher costs linked to the Iran war. Kristin Myers, ETF editor-in-chief for Asset TV, joins with more.
First inflation report under new Fed chief shows prices still rising
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
Live
Iran touts its trade ties as U.S. turns from bombs to economic warfare
As Vice President JD Vance declares economic pressure "the most effective tool that we have," Iran seeks to show deepening trade ties with its neighbors.
Why Dubai may be vital to Trump administration's economic war on Iran
The effectiveness of a bolstered economic campaign against Iran may rest largely on one close U.S. ally in the Persian Gulf, the United Arab Emirates.
First deportees arrive in Haiti after U.S. ends TPS protection
The U.S. has deported more than 160 people to Haiti for the first time since the Trump administration won a legal battle to end Temporary Protected Status for some 350,000 Haitians.
Iran set to impose longer prison terms for any contact with foreign media
Iranians could soon face up to two years in prison for daring to communicate in any way with a foreign news outlet, embassy or institution.
8 dead in charter plane crash near remote military radar site in Alaska
The crash of a small plane in Alaska chartered by the U.S. Army Corps of Engineers is under investigation.
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.
Mom says postpartum psychosis made her feel like "such a monster"
As the trial of Lindsay Clancy brings renewed attention to postpartum psychosis, Haley Ashcom shares her experience with the dangerous condition.
New details about Trump's plans for Kennedy Center and White House ballroom
The latest court filings in cases involving the Kennedy Center and the White House ballroom project detail the work being done at the two institutions.
Texas court slashes $50 million judgment against Infowars' Alex Jones
A Texas appeals court cut a $50 million judgment against Infowars founder Alex Jones to $1.5 million. A much larger $1.4 billion judgment in Connecticut still stands.
U.S.
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Human remains found in Lake Powell amid shrinking water levels
Another set of human remains was found in Lake Mead earlier this week. Both reservoirs are dealing with low water levels.
IndyCar is holding its first race in D.C. this weekend. Here's what to know.
Twenty-five cars traveling at top speeds approaching 180 mph will zoom around the National Mall this weekend when IndyCar takes over downtown D.C.
Nearly 25% of workers are "functionally unemployed," analysis finds
An alternative measure of unemployment that accounts for wages suggests the U.S. labor market is weaker than it looks.
Texas court slashes $50M judgment against Infowars' Alex Jones
A Texas appeals court cut a $50 million judgment against Infowars founder Alex Jones to $1.5 million. A much larger $1.4 billion judgment in Connecticut still stands.
This week on "Sunday Morning" (Aug. 23)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
MoneyWatch
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Nearly 25% of workers are "functionally unemployed," analysis finds
An alternative measure of unemployment that accounts for wages suggests the U.S. labor market is weaker than it looks.
Why Dubai may be vital to the Trump administration's economic war on Iran
The effectiveness of a bolstered economic campaign against Iran may rest largely on one close U.S. ally in the Persian Gulf, the United Arab Emirates.
Trump temporarily waives higher beef tariffs in bid to lower prices
Ground beef prices, now averaging nearly $7 a pound, remain historically high due to shrinking cattle herds.
Coinbase CEO says CLARITY Act will prevent another FTX collapse
Brian Armstrong made the case for the cryptocurrency legislation, which is scheduled for a Senate vote in September.
Clear Eyes eye drops recalled nationwide over contamination risk, FDA says
The recall affects 15mL bottles of Clear Eyes' Maximum Itchy Eye Relief.
Politics
More Politics
IndyCar is holding its first race in D.C. this weekend. Here's what to know.
Twenty-five cars traveling at top speeds approaching 180 mph will zoom around the National Mall this weekend when IndyCar takes over downtown D.C.
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.
Trump appears on radio show of Michael Cohen, patching up public split
President Trump appeared on the radio show of Michael Cohen, his fixer-turned-foe, in a stunning public reunion that would have been impossible to imagine several years ago.
Liberia receives first group of "third country" deportees from U.S., officials say
The West African nation of Liberia received the first group of "third country" deportees from the U.S. on Thursday, including migrants from Latin America, U.S. officials told CBS News.
USS Abraham Lincoln leaving Middle East after 9-month deployment
The aircraft carrier and its 5,000 crew members will return to San Diego after an approximately nine-month deployment.
HealthWatch
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Mom says postpartum psychosis made her feel like "such a monster"
As the trial of Lindsay Clancy brings renewed attention to postpartum psychosis, Haley Ashcom shares her experience with the dangerous condition.
Drug mix-up at Nashville hospital causes dire complications in 4 patients
Four patients at Ascension Saint Thomas Midtown received incorrect medications last week, CBS affiliate WTVF reported.
How Moderna's melanoma mRNA vaccine could fight deadliest skin cancer
CBS News medical correspondent Dr. Céline Gounder, who has had melanoma herself, said Moderna's experimental trial is "a big win for mRNA vaccines against cancer."
Melanoma vaccine shows promising results
An experimental melanoma vaccine could reduce the risk of the cancer returning or spreading for some high-risk patients. It's personalized for each patient and optimized using artificial intelligence. Dr. Jon LaPook has more details.
Publix frozen blueberry recall upgraded to highest health risk level
Recalled frozen blueberries and mixed berries that could be contaminated with E. coli pose the most severe category of health risk, according to the FDA.
World
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Why Dubai may be vital to the Trump administration's economic war on Iran
The effectiveness of a bolstered economic campaign against Iran may rest largely on one close U.S. ally in the Persian Gulf, the United Arab Emirates.
Controversial Netflix dating show sparks backlash in Japan
Japan's justice ministry said it will cancel a collaboration with "Badly in Love," a Netflix dating show featuring ex-juvenile delinquents.
Iran set to impose longer prison terms for any contact with foreign media
Iranians could soon face up to two years in prison for daring to communicate in any way with a foreign news outlet, embassy or institution.
First deportees arrive in Haiti after U.S. ends TPS protection
The U.S. has deported more than 160 people to Haiti for the first time since the Trump administration won a legal battle to end Temporary Protected Status for some 350,000 Haitians.
Japan hangs man convicted of killing 5 people at pachinko parlor
Sunao Takami set fire to the crowded pachinko parlor in Osaka by spreading gasoline and throwing a lit match, engulfing the building, killing five and injuring 10 others.
Entertainment
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Entertainment
Hayden Panettiere's mom speaks out
Hayden Panettiere's mom is speaking out on their strained relationship. This comes as Neutrogena comments on its working relationship with the late actor.
Controversial Netflix dating show sparks backlash in Japan
Japan's justice ministry said it will cancel a collaboration with "Badly in Love," a Netflix dating show featuring ex-juvenile delinquents.
Katherine LaNasa on "The Pitt"
Award-winning actor Katherine LaNasa discusses her recent Emmy nomination for her role as charge nurse Dana Evans on hit HBO series "The Pitt."
Nashville teen has big dreams of musical fame
High school senior and singer Kingston Kharif has dreams of making it big beyond the Nashville, Tennessee, scene. Nicole Valdes spoke with Kingston about his early successes and future goals.
Neutrogena shares statement on Hayden Panettiere after backlash
After Hayden Panettiere's death, fans resurfaced her claim that Neutrogena had fired her in 2015 over her comments about postpartum depression.
Technology
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Technology
Meta AI glasses spark fears about privacy
Meta's glasses that are capable of recording video may pose a threat to people's privacy, critics say.
AI could be used to generate bills
The use of artificial intelligence on Capitol Hill could pose some issues for bills that may become U.S. laws later on. Ari Hershowitz, founder of DreamProIT, joins CBS News with his take.
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.
Do AI smart glasses privacy protections work?
As tech companies like Meta push their AI wearables, many are concerned with privacy protections. Anna Schechter has more.
Coinbase CEO says CLARITY Act will prevent another FTX collapse
Brian Armstrong made the case for the cryptocurrency legislation, which is scheduled for a Senate vote in September.
Science
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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.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Crime
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Crime
Defense rests case in Lindsay Clancy trial
The defense for Lindsay Clancy has rested their case in the murder trial over the killings of Clancy's three young children. CBS News legal contributor Rebecca Roiphe has more.
Patients say hospital mixed up drugs
Several patients at a Tennessee hospital say they were hurt after hospital staff allegedly mixed up their medications during routine joint replacement surgeries. CBS News' Nicole Valdes has more.
President Trump and Michael Cohen reunite
President Trump joined Michael Cohen's radio show for a taping after a long, public feud with his former fixer. CBS News' Aaron Navarro reports.
Chaplain's testimony on Clancy conversation
A chaplain who prayed with Lindsay Clancy took the stand in her murder trial. Trial lawyer and former prosecutor Mark Eiglarsh joins CBS News with more.
Tupac Shakur murder suspect recounts shooting in audio played to jury
Jurors heard Duane "Keffe D" Davis tell detectives his nephew Orlando "Baby Lane" Anderson fired the shots that killed Tupac Shakur.
Space
More Space
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.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Latest Galleries
More Latest Galleries
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.
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.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Defense rests case in Lindsay Clancy trial
The defense for Lindsay Clancy has rested their case in the murder trial over the killings of Clancy's three young children. CBS News legal contributor Rebecca Roiphe has more.
Meta AI glasses spark fears about privacy
Meta's glasses that are capable of recording video may pose a threat to people's privacy, critics say.
Grief coach on celebrating her daughter's life
Author and grief coach Kate Doerge told Norah O'Donnell that when her family was told that her daughter Penny, who was battling neurofibromatosis, had an inoperable tumor, she opened the doors to her house for people to come and celebrate the 16-year-old. "We sent her out on a rocket ship of love," Doerge said on "Healthful."
NASA scraps mission to save Swift telescope
NASA is pivoting from a mission to save the Swift telescope. CBS News' Bill Harwood explains why.
AI could be used to generate bills
The use of artificial intelligence on Capitol Hill could pose some issues for bills that may become U.S. laws later on. Ari Hershowitz, founder of DreamProIT, joins CBS News with his take.