6/15: Red and Blue
Biden pushes oil companies on gas production; FDA panel supports COVID vaccine for kids under 5
Inflation
Biden calls out oil companies as gas prices soar
President Biden sent letters to several U.S. oil companies Wednesday, asking them to do more to reduce the price of gas. Zeke Miller, a CBS News political contributor and White House reporter for the Associated Press, joined Matt Pieper to discuss the issue.
How Fed's interest rate hike could impact consumers
The Federal Reserve announced Wednesday it is raising its benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994. CBS News correspondent Carter Evans reports on the decision. Then, Megan Greene, global chief economist for the Kroll Institute and a senior fellow at the Harvard Kennedy School, joins CBS News to discuss how the increase could affect the consumers.
Biden calls on oil companies to produce more gas
In a letter to several oil companies, President Joe Biden asked them to work with the White House to bring down high gas prices. CBS News correspondent Skyler Henry and CBS News senior White House and political correspondent Ed O'Keefe report.
Fed issues largest rate hike in decades
The Federal Reserve issued its largest interest rate hike in nearly three decades as it tries to slow the economy without causing a recession. Carter Evans has more on what that means.
Fed hikes key interest rate 0.75 percentage points as it battles inflation
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Fed could announce largest hike in decades
The Federal Reserve is expected to announce its biggest interest rate hike in almost three decades. The bank is hoping to slow down surging prices on everything from rent to gas. CBS News chief White House correspondent Nancy Cordes reports and CBS News reporter Sarah Ewall-Wice joins Vladimir Duthiers and Anne-Marie Green to discuss the impending rate hike.
Fed rate hike expected to tackle inflation
The Federal Reserve is expected to announce its biggest rate hike amid growing fears of a recession. The Fed, which will announce its decision on Wednesday, could lift rates and mark the sharpest increase since 2000. Chief White House correspondent Nancy Cordes reports from the White House.
President Biden to travel to Saudi Arabia in July
President Joe Biden is set to visit Saudi Arabia next month as part of his first trip to the Middle East since he took office. Sean Sullivan, CBS News political contributor and a White House reporter for the Washington Post, joins Elaine Quijano to discuss the trip.
Fed to consider aggressive action amid high inflation
An expected interest rate hike comes as everything from gas and food to air travel have seen the largest annual increase in decades. Interest rate hikes could potentially create more economic pain for consumers by increasing borrowing costs and discouraging spending. Meg Oliver reports.
How to manage investments in a bear market
Making the right moves with your investments and retirement plan is key when the stock market is in free fall like it has been. Joe Saluzzi, partner and co-founder of Themis Trading spoke to Anne-Marie Green and Vladimir Duthiers on CBS News about what to do with your portfolio.
Economy expert on stock market slump
Wall Street has entered a bear market, but experts warn you shouldn't do anything rash. CBS News Business Analyst Jill Schlesinger spoke to Anne-Marie Green and Vladimir Duthiers on CBS News about how to handle your finances in a down market, and what's to blame for plummeting prices.
Stocks continue to fall, a day after S&P enters bear market
Volatility follows Monday's turmoil which brought panic among many worried about their 401(k) retirement savings.
Stocks plummet as inflation fears mount
The S and P fell to its lowest point this year as investors come to terms with consumer prices rising at their fastest pace in 40 years. The drop is just the latest in a string of downturns for the markets. Elaine Quijano takes a look.
5/15: Face The Nation
This week on “Face the Nation with Margaret Brennan,” we have the latest on the deadly shooting in Buffalo, New York, with Mayor Byron Brown and Gov. Kathy Hochul. Plus, the latest from Ukraine, and a look ahead to Tuesday’s Republican primary in Pennsylvania.
Inflation jumps again as Americans feel pain at the pump.
CBS News senior national correspondent Mark Strassmann reports from Atlanta on new inflation numbers showing prices jumped at a record-breaking pace yet again last month.
El-Erian says inflation could hit 9%
Mohammed El-Erian, the chief economic adviser to Allianz, says inflation could hit 9% before beginning to come down.
Average gas prices top $5 for first time ever
For the first time ever, the average price for a gallon of gas in the U.S. is above $5. And many in America are feeling the squeeze well beyond the pumps. Lilia Luciano reports from Los Angeles.
Inflation soars to 40-year high
President Biden addressed the inflation crisis in a briefing at the Port of Los Angeles Friday. CBS News senior White House and political correspondent Ed O'Keefe reports.
U.S. inflation surging at fastest pace in 40 years
Prices are skyrocketing as inflation is surging at its fastest pace in more than 40 years. Rampant inflation is hitting America's pocketbooks, but it's also impacting President Biden, as surveys show Americans see it as the nation's top problem. Ed O'Keefe has the latest.
High inflation hampers summer travel plans
Vacation inflation is hitting summer travelers. Airfare, hotel and rental car costs have skyrocketed compared to recent years. Kris Van Cleave takes a look.
White House economist addresses inflation
The U.S. Department of Labor reported Friday that inflation reached its highest rate in more than 40 years in May. CBS News' Tanya Rivero and Michelle Miller spoke with Jared Bernstein, a member of the White House's Council of Economic Advisers, about the Biden Administration's response to surging prices.
Inflation rate hits new 40-year high
The U.S. Labor Department reports inflation reached a new 40-year high at 8.6%. Wall Street Journal reporter Dion Rabouin breaks down what this means for the economy, and what steps the Federal Reserve should consider to combat rising prices.
Biden to address rising inflation at summit
After an uptick in the latest Consumer Price Index report, President Biden plans to speak about rising inflation, record gas prices and supply chain disruptions. CBS News senior White House and political correspondent Ed O'Keefe joined Vladimir Duthiers and Anne-Marie Green with more on the administration's plans to help consumers.
Consumer prices continue to rise
The Consumer Price Index jumped 1% in May 2022, representing an 8.6% bump year-over-year. That's the largest 12-month increase in more than four decades. CBS News reporter Sarah Ewall-Wice joined Anne-Marie Green and Vladimir Duthiers to discuss how inflation and higher prices are impacting Americans.
Live
U.S., Iran trade attacks again after Trump threat
The U.S. and Iran exchanged fire again on Thursday after President Trump pledged Tehran would "pay the price" for not accepting a deal.
Bill Gates tells Congress that meeting Epstein was "a grave error in judgment"
Bill Gates told members of Congress on Wednesday that Jeffrey Epstein put his philanthropic work at risk, and that meeting him represented "a grave error in judgment."
Is China's Xi worried that North Korea wants "to confront the U.S."?
A veteran North Korea analyst says Xi Jinping's visit to North Korea was about keeping tabs on an emboldened Kim Jong Un who wants "to confront the U.S."
Trump says "I love the inflation" because U.S. is "taking out" Iranian oil
President Trump said the U.S. has taken out "millions" of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.
Vance says Netanyahu has "certainly gotten some things wrong"
The vice president said President Trump "has been very clear about what is in our best interest" as the relationship with Israel is tested over the Iran war.
Florida man blames wrongful arrest on "error-prone" AI facial recognition
The wrongful arrest is just one of over a dozen in recent years linked to facial recognition technology.
U.S. launches more strikes on Iranian targets after Trump promises to hit Iran "hard"
The U.S. military launched an additional round of strikes on targets within Iran early Thursday morning local time, hours after President Trump vowed to hit Iran "hard."
Judge declines to halt "anti-weaponization fund" but warns DOJ not to "play possum"
A judge denied a request to block the DOJ's "anti-weaponization fund," noting Acting Attorney General Todd Blanche had already vowed not to move forward. But the judge warned: "Don't play possum with this court."
Here's who will face off in California's new House districts as Dems seek edge
California's Democratic Gov. Gavin Newsom spearheaded a redistricting initiative that was intended to make up to five more districts more friendly to Democrats. Voters may have different ideas.
U.S.
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Far-right influencer arrested in Texas on charge of making terroristic threats
Jake Lang, a far-right influencer who was charged in connection with the Jan. 6, 2021, Capitol insurrection, was arrested in Dallas on a state charge of making terroristic threats.
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.
Florida man blames wrongful arrest on "error-prone" AI facial recognition
The wrongful arrest is just one of over a dozen in recent years linked to facial recognition technology.
America's birth rate has plunged. Are smartphones to blame?
The iPhone was introduced in 2007, the same year the U.S. birth rate started to slide. The issues could be linked, a new analysis finds.
Will SpaceX's blockbuster IPO soar or sputter? Past IPOs offer clues.
Splashy initial public offerings often skyrocket early on, only to return to earth with a thud, Wall Street analysts say.
MoneyWatch
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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.
America's birth rate has plunged. Are smartphones to blame?
The iPhone was introduced in 2007, the same year the U.S. birth rate started to slide. The issues could be linked, a new analysis finds.
Will SpaceX's blockbuster IPO soar or sputter? Past IPOs offer clues.
Splashy initial public offerings often skyrocket early on, only to return to earth with a thud, Wall Street analysts say.
Trump says "I love the inflation" because U.S. is "taking out" Iranian oil
President Trump said the U.S. has taken out "millions" of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.
Honda recalls 880,000 vehicles over possible rear suspension issue
The recall affects certain Honda Pilot, Ridgeline, Passport, and Acura MDX vehicles sold in 23 states and the District of Columbia.
Politics
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Here's who will face off in California's new House districts as Dems seek edge
California's Democratic Gov. Gavin Newsom spearheaded a redistricting initiative that was intended to make up to five more districts more friendly to Democrats. Voters may have different ideas.
Judge declines to halt "anti-weaponization fund" but warns DOJ not to "play possum"
A judge denied a request to block the DOJ's "anti-weaponization fund," noting Acting Attorney General Todd Blanche had already vowed not to move forward. But the judge warned: "Don't play possum with this court."
U.S. launches more strikes on Iranian targets after Trump promises to hit Iran "hard"
The U.S. military launched an additional round of strikes on targets within Iran early Thursday morning local time, hours after President Trump vowed to hit Iran "hard."
Vance says Netanyahu has "certainly gotten some things wrong"
The vice president said President Trump "has been very clear about what is in our best interest" as the relationship with Israel is tested over the Iran war.
Exclusive
ICE mandates additional training for new hires after backlash
ICE has extended training for new officers and mandated additional instruction for those onboarded under a shortened process that has now been scrapped.
HealthWatch
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HealthWatch
FDA approves new sunscreen ingredient
The FDA approved a new ingredient for sunscreen that's been in use in Europe for years. Dr. Jon LaPook has more details.
New sunscreen option wins FDA approval after years of delay
A sunscreen ingredient that's been available in Europe, Japan and South Korea for years has finally been approved by the FDA for sale in the U.S.
Safety concerns over weight loss drug
There's a new safety concern about doctors prescribing one experimental weight loss treatment, retatrutide, that hasn't even been FDA approved yet. Adam Yamaguchi reports.
How an experimental weight-loss drug is being openly promoted by physicians
Doctors are jumping the gun to prescribe a medication lacking FDA approval that has gone viral on social media. "Why are we waiting?" one physician asked.
The promises and pitfalls of GLP-1 drugs
Approved 20 years ago as a diabetes treatment, GLP-1 drugs have been found to help patients reduce weight, changing the lives of more than 30 million people in the U.S. But there also have been troubling side effects reported.
World
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Is China's Xi worried that North Korea wants "to confront the U.S."?
A veteran North Korea analyst says Xi Jinping's visit to North Korea was about keeping tabs on an emboldened Kim Jong Un who wants "to confront the U.S."
Belfast protests erupt again after stabbing as police deploy water cannons
Police have used water cannons on protesters in Northern Ireland after violence erupted for a second night over a stabbing in Belfast.
U.S. launches more strikes on Iranian targets after Trump promises to hit Iran "hard"
The U.S. military launched an additional round of strikes on targets within Iran early Thursday morning local time, hours after President Trump vowed to hit Iran "hard."
Vance says Netanyahu has "certainly gotten some things wrong"
The vice president said President Trump "has been very clear about what is in our best interest" as the relationship with Israel is tested over the Iran war.
When will the Iran war end? Here's what Trump has said.
President Trump has offered timelines of days and weeks for the Iran war, but a solution remains elusive.
Entertainment
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Entertainment
G Flip on song becoming a hit in "Off Campus"
Musician G Flip first rose to fame in Australia but has become a global star since their song "Bed of Fire" appeared in the series "Off Campus." They speak to "CBS Mornings" about how the song's popularity has impacted their music, family support and advice for young artists.
Amazon's best books of the year so far
Amazon Books editorial director Sarah Gelman joins "CBS Mornings" to reveal Amazon's best books of the year so far and why they made the list.
Pope Leo met with Bad Bunny in Spain
Pope Leo XIV met with music superstar Bad Bunny in Spain as the pontiff continues his multi-city tour. CBS News' Chris Livesay reports.
Taylor Swift wedding fuels prediction markets
Bettors have wagered millions of dollars on platforms like Polymarket and Kalshi as rumors swirl surrounding the wedding of Taylor Swift and Travis Kelce. Jo Ling Kent has more.
Broadway stars at the Tony Awards
Hollywood stars like Daniel Radcliffe and Rachel Dratch took to the stage this Broadway season. CBS News' Taylor Masi spoke with some of the stars at the 2026 Tony Awards.
Technology
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Technology
Diving into smart glasses' pros and cons
Major tech players are racing to put AI on your face, literally, with smart glasses. Ziad Asghar, senior vice president and general manager of XR, Wearables and Personal AI for Qualcomm, joins CBS News to discuss.
America's birth rate has plunged. Are smartphones to blame?
The iPhone was introduced in 2007, the same year the U.S. birth rate started to slide. The issues could be linked, a new analysis finds.
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.
OpenAI announces plan to go public
Last week, Anthropic, valued at almost a trillion dollars, filed to go public. Yesterday, its chief rival OpenAI confidentially filed for an initial public offering. Later this week, SpaceX is set to go public in what could be the largest IPO ever. Jon Krohn, the co-founder and CEO of Y Carrot, joins CBS News to discuss.
Meta launches program to train workers for data center jobs
Meta pledged to invest $115 million to train electricians, plumbers and other workers needed to operate data centers.
Science
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World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
El Niño could bring more widespread coral bleaching, NOAA warns
The expected arrival of El Niño this summer could trigger another mass coral bleaching event, which would be the fifth on record, researchers said.
Scientists find yeast in frozen mummy's guts, use it to make bread
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Crime
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Florida man blames wrongful arrest on "error-prone" AI facial recognition
The wrongful arrest is just one of over a dozen in recent years linked to facial recognition technology.
Gates speaks out before Epstein testimony
Microsoft co-founder Bill Gates spoke to reporters on Capitol Hill Wednesday before testifying for members of the House Oversight Committee about his ties to convicted sex offender Jeffrey Epstein. CBS News' Taurean Small reports.
Inside the White House Epstein files reaction
The release of the Epstein files triggered a "freakout" inside the White House for President Trump's top advisers, a new report from The New York Times shows. CBS News' Nancy Cordes has more.
Pilot accused of flying without valid license
An Air Canada pilot is accused of flying 900 flights over 17 years without a proper license. The man used false documents after being promoted to captain in 2009 until his retirement last year, authorities said. He did have a valid commercial pilot license, but never got the license required to act as a captain.
Bill Gates testifying on ties to Epstein
Microsoft co-founder Bill Gates is expected to testify before members of the House Oversight Committee in a closed-door interview to discuss his ties to convicted sex offender Jeffrey Epstein. CBS News' Taurean Small reports.
Space
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NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
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.
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.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
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.
Latest CBS News Videos
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Latest CBS News Videos
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.
Constitutional questions around SNAP rules
A federal judge has halted an effort by the Trump administration to force states to comply with conditions tied to SNAP food benefits. Twenty Democratic states sued over requirements surrounding gender ideology, immigration and fair opportunities in sports for women and girls. CBS News legal contributor Jessica Levinson answers constitutional questions about the case.
FDA approves sunscreen ingredient
The Food and Drug Administration approved the chemical compound bemotrizinol in sunscreens sold in the U.S. It's the first time in over 25 years that the FDA has approved a new sunscreen ingredient. CBS News medical correspondent Dr. Céline Gounder has more.
Ret. Maj. Lyons on new U.S. strikes against Iran
The U.S. launched strikes against Iran on Wednesday night following the downing of an Apache helicopter earlier in the week. CBS News Pentagon reporter Eleanor Watson has the latest. Then, Ret. Army Maj. Mike Lyons joins with analysis.
More details on U.S. strikes in Iran
U.S. Central Command said the U.S. launched a new round of what it called self-defense strikes against Iran on Wednesday. Two U.S. officials familiar with the strikes told CBS News the targets include amminuition depots, command and control centers and warehouses. CBS News' Charlie D'Agata and Courtney Kealy have more.