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.
Interest Rates
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.
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.
Federal Reserve cuts decision expected
The Federal Reserve is expected to make its first announcement of the year regarding interest rate cuts. Greg Robb, a senior reporter for MarketWatch, joins CBS News with 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.
Luna pushes for bill capping credit card rates
Earlier this month, President Trump ordered banks to lower credit card interest rates to 10%. Nothing has happened because legislation is required. Republican Rep. Anna Paulina Luna of Florida joined CBS News to discuss her bill with Democratic Rep. Alexandria Ocasio-Cortez that would codify the 10% cap.
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.
U.S. mortgage rates are dropping
Mortgage rates have dropped to a three-year low, prompting some homeowners to consider refinancing. CBS News' Megan Cerullo reports.
Trump pushes credit card interest rates cap
President Trump is pushing for a 10% interest rate cap for credit cards. CBS News' Jill Schlesinger breaks down the implications.
What Trump's 10% credit card rate cap would mean for consumers
Capping credit card interest rates at 10% could save consumers billions of dollars, but potentially hurt lower-income Americans, experts said.
Lawmakers warn Fed's independence at stake
The Trump administration's Justice Department has launched a criminal investigation of Fed Chair Jerome Powell tied to the renovation of the Federal Reserve's headquarters. The move has prompted backlash from both sides of the aisle. Weijia Jiang reports.
Powell responds to federal investigation
Federal Reserve Chair Jerome Powell said in a video Sunday that the Justice Department is investigating whether he lied to Congress about the Central Bank's renovation project. He compared the threat of criminal indictment to intimidation and said, "This unprecedented action should be seen in the broader context of the administration's threats and ongoing pressure." Scott MacFarlane reports.
Economic news to watch for in 2026
With just one day left of trading before the new year, CBS News is taking a look at where things stand today and what might be driving the markets in 2026. Dallas Morning News business editor Javier David joins with more.
Moynihan on new Fed chair
Bank of America CEO Brian Moynihan talks prices, affordability, inflation predictions for 2026, the "shock" from the business community when President Trump enacted tariffs and how "the market will punish people if we don't have an independent Fed." Editor's note: This interview was filmed on Dec. 17, 2025.
How jobs data impacts interest rate decision
The U.S. Bureau of Labor Statistics released last month's jobs report on Tuesday, which showed that 64,000 jobs were added in November after losing 105,000 in October. CBS News MoneyWatch correspondent breaks down how unemployment data could impact the Fed's next interest rate decision
Hassett on Trump's voice on Fed decisions
White House National Economic Council Director Kevin Hassett, who is on the shortlist of President Trump's picks to take over as Fed chair, told "Face the Nation with Margaret Brennan" that Mr. Trump's voice "would have no weight" in interest rate decisions if he is chosen.
Fed cuts rates for third straight time
The Federal Reserve on Wednesday cut its benchmark interest rate by 0.25 percentage points. It's the third consecutive rate cut for the Fed as inflation continues to rise. CBS News MoneyWatch correspondent Kelly O'Grady explains what it means for you.
What does Fed rate cut mean for consumers?
The Federal Reserve on Wednesday cut interest rates by a quarter of a percentage point, the third rate cut this year. CBS News business analyst Jill Schlesinger has more.
Early details on U.S. seizure of oil tanker
President Trump said Wednesday that the U.S. military seized an oil tanker off the coast of Venezuela. CBS News chief White House correspondent Nancy Cordes reports.
Americans share their view on state of economy
The Federal Reserve cut interest rates by a quarter percentage point on Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Fed to make next interest rate decision
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to break down the Federal Reserve's interest rate decision on Wednesday and how Americans are feeling about affordability.
Fed expected to cut interest rates
It appears all but certain that the Federal Reserve will cut interest rates on Wednesday. CBS News business analyst Jill Schlesinger explains why.
Home prices could dip in 22 U.S. cities next year, report says. See where.
A new report from Realtor.com projects that the housing market will shift in a more buyer-friendly direction in 2026.
Will the Fed cut rates again before 2026?
New data released Monday show how the shutdown impacted the economy in September and raised questions over whether the Federal Reserve will cut interest rates again before 2026. Kristin Myers, the ETF editor-in-chief for Asset TV, joins with more.
Live
Live updates as 3 million Epstein files released by DOJ
The Justice Department on Friday released more documents from the Jeffrey Epstein files, more than a month after the original deadline to do so.
Catherine O'Hara, "Beetlejuice" and "Home Alone" star, dies at 71
Catherine O'Hara was best known for her comic performances in projects including "Home Alone," "Beetlejuice," and "Schitt's Creek."
Journalist Don Lemon arrested after protest at Minnesota church
Don Lemon was taken into custody by federal agents in Los Angeles, where had been covering the Grammy Awards, his attorney said.
Live
Government shutdown deadline just hours away as Senate works to pass deal
Dozens of federal agencies are set to see their funding lapse at midnight as senators work to finalize a deal on a package of spending bills.
FBI now leading investigation into fatal shooting of Alex Pretti
The FBI is now leading the investigation into the fatal shooting of Alex Pretti in Minnesota.
What Kevin Warsh as new Federal Reserve chair could mean for the economy
The president is turning to a former Fed official as his nominee to replace outgoing Chair Jerome Powell.
Husband in au pair affair recounts killings of wife, man: "Hoping to de-escalate"
Brendan Banfield testified that he did not fatally stab his wife in 2023, but instead shot the man who did.
President Trump dominates red carpet chatter at "Melania" premiere
For those wondered if President Trump would give up the spotlight and let the first lady field all reporter questions at the premiere of her film "Melania" Thursday night, the answer was no.
Lindsey Vonn says her "Olympic dream is not over" after crash
Skiing great Lindsey Vonn crashed in her final downhill before the Milan Cortina Winter Olympics.
U.S.
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Nevada's first-in-the-nation primary bid gets boost from Latino Victory
Nevada, New Hampshire and South Carolina are vying to be the first state to vote in the 2028 Democratic presidential primaries.
A new $45 fee for travelers without Real IDs goes into effect Feb. 1
Passengers without Real IDs can still fly if they pay a $45 fee, which covers the cost of additional identity verification screening.
Saks to shutter most Saks Off 5th stores as bankrupt retailer cuts costs
Saks, which declared bankruptcy on Jan. 14, is set to hold going-out-of-business sales as it closes dozens of retail outlets.
DOJ releasing more than 3 million pages of Jeffrey Epstein records
Deputy Attorney General Todd Blanche says the Justice Department is releasing millions more records related to its probe into Jeffrey Epstein.
Live
Government shutdown deadline just hours away as Senate works to pass deal
Dozens of federal agencies are set to see their funding lapse at midnight as senators work to finalize a deal on a package of spending bills.
MoneyWatch
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A new $45 fee for travelers without Real IDs goes into effect Feb. 1
Passengers without Real IDs can still fly if they pay a $45 fee, which covers the cost of additional identity verification screening.
Saks to shutter most Saks Off 5th stores as bankrupt retailer cuts costs
Saks, which declared bankruptcy on Jan. 14, is set to hold going-out-of-business sales as it closes dozens of retail outlets.
What Kevin Warsh as new Federal Reserve chair could mean for the economy
The president is turning to a former Fed official as his nominee to replace outgoing Chair Jerome Powell.
Trump nominates Kevin Warsh as next Federal Reserve Board chair
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
Trump threatens Canada with 50% tariff on aircraft sold in U.S.
President Trump is threatening Canada with a 50% tariff on any aircraft sold in the U.S., the latest salvo in his trade war with America's northern neighbor as his feud with Prime Minister Mark Carney expands.
Politics
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Nevada's first-in-the-nation primary bid gets boost from Latino Victory
Nevada, New Hampshire and South Carolina are vying to be the first state to vote in the 2028 Democratic presidential primaries.
Live
Live updates as 3 million Epstein files released by DOJ
The Justice Department on Friday released more documents from the Jeffrey Epstein files, more than a month after the original deadline to do so.
President Trump dominates red carpet chatter at "Melania" premiere
For those wondered if President Trump would give up the spotlight and let the first lady field all reporter questions at the premiere of her film "Melania" Thursday night, the answer was no.
Justice Department will probe Alex Pretti's killing in civil rights investigation
Deputy Attorney General Todd Blanche says the Department of Justice is participating in a civil rights investigation into the death of Alex Pretti, who was shot and killed by two Border Patrol agents in Minneapolis amid a federal immigration crackdown.
DOJ releasing more than 3 million pages of Jeffrey Epstein records
Deputy Attorney General Todd Blanche says the Justice Department is releasing millions more records related to its probe into Jeffrey Epstein.
HealthWatch
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Carter Center reaches major milestone in quest to eradicate Guinea worm
Jimmy Carter made eradicating the Guinea worm a top mission of The Carter Center. Now it could soon become the second disease eradicated in history.
Life expectancy in U.S. hit record high of 79 years in 2024, CDC says
U.S. life expectancy rose to 79 years in 2024 - the highest mark in American history. But the U.S. still ranks below dozens of other countries.
Gerber recalls some arrowroot biscuits over potential plastic, paper pieces
The recall affects several batches of the 5.5-ounce Gerber Arrowroot Biscuits, the FDA said.
South Carolina measles outbreak now larger than Texas' in 2025, new data shows
South Carolina's measles outbreak has grown to include 789 cases. A West Texas outbreak last year sickened 762 people.
Trump policies at odds with emerging understanding of COVID's long-term harm
Studies offer insights into the health risks and burdens faced by people who have had COVID infections. Meanwhile, the Trump administration has narrowed COVID vaccine recommendations and cut research.
World
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Iranians are anxious, but some hope Trump will "fulfill his promise"
Many people in Tehran and Tel Aviv are worried that Trump will make good on his threats to attack Iran again, but for some, it's fear laced with hope.
Son of Norway crown princess to stand trial for allegedly raping 4 women
Marius Borg Hoiby, the 29-year-old son of Crown Princess Mette-Marit, has been charged with a total of 38 counts.
Shark kills 13-year-old boy at popular beach in Brazil
Dozens of beaches along the turquoise coastlines of Pernambuco have been issued with shark warnings, authorities said.
Quieter night in Ukraine as Trump says Putin agreed to pause strikes
Zelenskyy says Ukraine will "take corresponding steps" as Trump says Putin agreed to stop bombing Ukrainian cities for a week.
Remains, jacket found over 2 years after woman vanished in wilderness
Human remains and clothing were found while searching for Belgian national Celine Cremer, who went missing in 2023 in Tasmania, police said.
Entertainment
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Catherine O'Hara, "Beetlejuice" and "Home Alone" star, dies at 71
Catherine O'Hara was best known for her comic performances in projects including "Home Alone," "Beetlejuice," and "Schitt's Creek."
UFC 325 fights go down tomorrow night. See when it starts, who's on the card and where to watch.
Alexander Volkanovski faces Diego Lopes in the UFC 325 main event on what's expected to be an action-packed fight card.
KATSEYE reflects on success and what's next
In just two years, KATSEYE has gone from a Netflix reality competition show to top of the charts, collecting a VMA and two Grammy nominations along the way. The group talks about their journey together in the music industry and what they hope for in the future.
Designer brings life to Grammy red carpet
The nominees and performers for the Grammy Awards will walk the red carpet on Sunday - with flashing camera lights, celebrity interviews and floral designs. Botanical artist Tu Bloom has been the designer behind the red carpet flowers for nearly two decades. He speaks to "CBS Mornings" about his design for this year's red carpet and what drew him to his profession.
Behind-the-scenes look ahead of the Grammys
Final preparations are underway for the Grammys, which air on Sunday on CBS. Music's biggest night could be historic for multiple artists. Anthony Mason got an inside look.
Technology
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Uber looks to cash in on self-driving cars — but not by driving them
The rideshare company is getting into the business of providing real-world driving data to autonomous vehicle developers. Here's why.
New AI features for Gmail users
This month, Google launched a suite of new features for Gmail. Google's AI assistant, Gemini, can now filter through junk, summarize an inbox and even help users write emails. Blake Barnes, Gmail vice president of product, joins CBS News to discuss.
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.
Analysts say Starlink may have guided Russian drones into a Ukrainian train
As Ukraine accuses Russia of terrorism with a deadly strike on a train, some defense analysts believe Elon Musk's Starlink may have guided the killer drones.
TikTok's new privacy policy is sparking a backlash. Here's what to know.
Some TikTok users are raising questions about the app's new terms and conditions after the social media platform's split from its China-based parent.
Science
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Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Cow develops technique to scratch herself
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Crime
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Crime
Don Lemon's attorney reacts to his arrest
Independent journalist Don Lemon has been arrested in Los Angeles and faces two federal charges, a source tells CBS News. Anna Schecter has more.
DOJ releases more Epstein files
The Justice Department released more than 3 million pages from the Jeffrey Epstein investigation files. CBS News' Jake Rosen reports.
Judge on Luigi Mangione facing death penalty
A federal judge has ruled on evidence that can be used in Luigi Mangione's case and determined he will not face the death penalty if convicted. CBS News' Katrina Kaufman reports.
DOJ releases more Jeffrey Epstein files
Deputy Attorney General Todd Blanche announced on Friday the release of millions of pages from files related to the investigation into Jeffrey Epstein. CBS News' Anna Schecter reports.
Son of Norway crown princess to stand trial for allegedly raping 4 women
Marius Borg Hoiby, the 29-year-old son of Crown Princess Mette-Marit, has been charged with a total of 38 counts.
Space
More Space
NASA delays Artemis mission to moon due to cold weather
The first Artemis moonshot with a crew is now targeted for no earlier than Feb. 8, two days later than planned.
Artemis II crew undergoes intense training for rare moon mission
For months, the Artemis II crew and flight controllers have been simulating malfunctions to prepare for their upcoming trip around the Moon.
Inside Artemis II astronauts' training
NASA is preparing for its first crewed mission around the moon in more than 50 years. The Artemis II astronauts include three Americans and one Canadian on a 10-day flight. Mark Strassmann got a look at how they're training.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
More on Virgin Galactic all-female space crew
Virgin Galactic is sending an all-female research team to space. Kellie Gerardi, who is leading the crew, joins "CBS News 24/7 Mornings" to discuss the goals of the mission.
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.
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?
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.
Latest CBS News Videos
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Latest CBS News Videos
Breaking down latest Epstein files release
The Justice Department on Friday began releasing more than 3 million records related to the investigation into convicted sex offender Jeffrey Epstein. CBS News' Jake Rosen has more.
What's holding up the funding bill?
Senate Democrats struck a deal with the White House late Thursday on a funding deal ahead of the government shutdown deadline, but the upper chamber has yet to hold a vote to pass the package. CBS News' Nikole Killion has the latest.
What to know before the 2026 Grammy Awards
The 2026 Grammy Awards will take place on Sunday, Feb. 1, on CBS and Paramount+. People's Jack Irvin joined CBS News with more on what to expect.
Don Lemon's attorney reacts to his arrest
Independent journalist Don Lemon has been arrested in Los Angeles and faces two federal charges, a source tells CBS News. Anna Schecter has more.
DOJ releases more Epstein files
The Justice Department released more than 3 million pages from the Jeffrey Epstein investigation files. CBS News' Jake Rosen reports.