Fed keeps interest rates steady
As was widely expected, the Federal Reserve unanimously voted to keep interest rates unchanged on Wednesday. CBS News coordinating producer Richard Escobedo has more details.
Interest Rates
Warsh announces plan to reshape Federal Reserve
The Federal Reserve unanimously voted Wednesday to keep interest rates unchanged. It was the first rate decision under the new chair, Kevin Warsh. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Dow falls after Fed holds interest rates steady
The Federal Reserve maintained its benchmark interest rate on Wednesday in its first meeting with Kevin Warsh as chair. CBS News MoneyWatch correspondent Kelly O'Grady reports from the New York Stock Exchange.
Fed votes to leave interest rates unchanged
The Federal Reserve board voted Wednesday to leave interest rates unchanged in its first decision since Kevin Warsh took over as chair. CBS News' Kelly O'Grady has more.
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.
Fed expected to keep interest rates steady
Investors expect the Federal Reserve to keep its current interest rate steady on Wednesday as new chair Kevin Warsh helms his first meeting. Barron's reporter Josh Schafer has more on Warsh and the rate decision.
Expectations of Fed interest rate decision
The Federal Reserve on Wednesday will hand down its first interest rate decision under its new chairman, Kevin Warsh. It comes as inflation continues to rise. Kelly O'Grady explains how the outcome could impact you.
Warsh prepares for Federal Reserve meeting
Federal Reserve Chair Kevin Warsh is set to lead his first meeting and announce what's next for the nation's interest rate. CBS News' Kelly O'Grady reports.
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.
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.
Expert: Warsh has "difficult job in front of him"
President Trump on Friday hosted a swearing-in ceremony for the new Federal Reserve Chair, Kevin Warsh. Jon Hilsenrath, visiting scholar at Duke University, joins with analysis on what Warsh will face in the coming months.
Fed unlikely to cut interest rates until 2027, Bank of America says
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
Minneapolis Fed president on interest rates
Neel Kashkari, the president and CEO of the Minneapolis Fed, told "Face the Nation with Margaret Brennan" that while economists have been watching for an interest rate cut, "we all need to be open-minded about where interest rates are going because there's so much uncertainty coming out of the Middle East."
Powell to stay on Federal Reserve board as policy makers hold rates steady
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
Why Fed kept rates same for third consecutive time
For its third consecutive meeting, the Federal Reserve left its benchmark interest rate unchanged. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Federal Reserve holds interest rates steady
The Federal Reserve held its benchmark interest rate steady on Wednesday as the U.S. economy continues to grapple with rising inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Key moments at Warsh confirmation hearing
Kevin Warsh, President Trump's nominee to replace outgoing Federal Reserve Chair Jerome Powell, faced tense questioning from senators at his confirmation hearing on Tuesday. Here are some of the most notable exchanges.
Warsh asked about stance on interest rates
Sen. Chris Van Hollen, a Maryland Democrat, voiced his concerns about Kevin Warsh's shifting stance on interest rates over the years. Van Hollen asked Warsh why he was in favor of lowering interest rates while inflation remained high.
Mortgage rates continue rising
Mortgage rates rose for the fourth week in a row. MarketWatch reporter Andrew Keshner joins CBS News with more.
Record share of Americans carry credit card debt, can't pay off bills
About 111 million Americans are carrying credit card balances, a 17% increase in five years, new research shows.
What's behind Fed's interest rate decision
The Federal Reserve left U.S. interest rates unchanged for a third consecutive time on Wednesday. CBS News coordinating producer Richard Escobedo has more.
Economic uncertainty fuels Fed's rate decision
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, citing economic uncertainty, including potential impacts from the war in Iran. CBS News coordinating producer Richard Escobedo has the details.
Federal Reserve holds interest rates steady, citing economic uncertainty
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
Dow closes down after Fed holds rates steady
The stock market responded negatively on Wednesday after the Federal Reserve left its benchmark interest rate unchanged for a second straight policy meeting. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Fed decides to hold interest rates steady
The Federal Reserve announced Wednesday it would hold interest rates steady at 3.5% to 3.75%. CBS News' Kelly O'Grady reports.
Live
Iran says it's closing Strait of Hormuz again as Hezbollah and Israel trade attacks
Iran's military accused the U.S. of not upholding the first point in the memorandum of understanding, with Israel remaining in Lebanese territory.
Trump unveils new Air Force One, a $400 million plane gifted by Qatar
"This is considered the world's most luxurious plane," the president said in front of the enormous new jet.
Investigation
What's missing from the Epstein files? Here's what we found
The Justice Department says it's released "every document required by the Epstein Files Transparency Act," but CBS News has identified numerous gaps.
Italy's Meloni criticizes Trump's "constant, unprovoked attacks"
President Trump and Prime Minister Giorgia Meloni traded criticism on Saturday after Italy canceled its envoy's visit to the U.S.
1 killed, dozens injured after trains collide in England, British officials say
At least one person was killed and dozens more were injured after two trains collided north of London on Friday, British officials said.
Company owned by Trump donor won $1.7M no-bid Reflecting Pool contract
The federal government awarded a company owned by a Trump donor $1.7 million to install a new water cleaning system for the Lincoln Memorial Reflecting Pool, records show.
Kennedy Center still weighing "partial closure," Trump admin. tells judge
The Trump administration told a federal judge that the Kennedy Center is still weighing whether to offer a full slate of performances or more limited programming over the coming months.
U.S. clinches spot in World Cup knockout round with dominant 2-0 win over Australia
In front of a roaring Seattle crowd, the U.S. men's soccer team on Friday defeated Australia in its second World Cup match, clinching a spot in the Round of 32 in the process.
James Burrows, co-creator of "Cheers" and prolific director, dies at 85
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
U.S.
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3 elderly hikers die on Grand Canyon's inner trails as temperatures spike
Emergency responders arrived to find the hikers already deceased on the trails, according to the National Park Service.
Kennedy Center still weighing "partial closure," Trump admin. tells judge
The Trump administration told a federal judge that the Kennedy Center is still weighing whether to offer a full slate of performances or more limited programming over the coming months.
Given 8 months to live, a teen beat cancer thanks to an extraordinary friendship
In 2022, at the age of 14, Dylan Mwaniki was diagnosed with Stage 4 kidney cancer. Four years later, he graduated from high school.
U.S. clinches spot in World Cup knockout round with dominant win over Australia
In front of a roaring Seattle crowd, the U.S. men's soccer team on Friday defeated Australia in its second World Cup match, clinching a spot in the Round of 32 in the process.
Judge blocks DOJ from releasing Biden's conversations with biographer for 3 weeks
A judge on Friday cleared the way for the DOJ to disclose former President Joe Biden's conversations with his biographer to the Heritage Foundation. Later in the day, she blocked the release for three weeks.
MoneyWatch
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Here's who qualifies for the Trump adminstration's student loan rate cut
The temporary discount applies to eligible federal Direct Loan borrowers who use automatic payments.
Prediction markets are betting on celebrities to boost their brands
Kalshi has enlisted Lionel Messi and Timothée Chalamet as prediction markets compete to attract new users and cement their place in the mainstream.
A father of 3 wanted to leave wealth to his kids. He turned to a coffee can.
Matthew Ankrum wanted to build wealth for his daughters and teach them about financial stability. A new book shares how.
What's open and closed for Juneteenth 2026?
Juneteenth will affect banking, mail service and financial markets, although retailers and restaurants are largely staying open.
Less than half of Americans can afford quality healthcare, Gallup finds
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Politics
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Kennedy Center still weighing "partial closure," Trump admin. tells judge
The Trump administration told a federal judge that the Kennedy Center is still weighing whether to offer a full slate of performances or more limited programming over the coming months.
Company owned by Trump donor won $1.7 million no-bid Reflecting Pool contract
The federal government awarded a company owned by a Trump donor $1.7 million to install a new water cleaning system for the Lincoln Memorial Reflecting Pool, records show.
Judge blocks DOJ from releasing Biden's conversations with biographer for 3 weeks
A judge on Friday cleared the way for the DOJ to disclose former President Joe Biden's conversations with his biographer to the Heritage Foundation. Later in the day, she blocked the release for three weeks.
George W. Bush gifts Michelle Obama mints in an ode to their friendship
The Altoids were a callback to a viral moment between former first lady Michelle Obama and former President George W. Bush.
Trump unveils new Air Force One, a $400 million plane gifted by Qatar
"This is considered the world's most luxurious plane," the president said in front of the enormous new jet.
HealthWatch
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Strange symptom leads to man's Stage IV cancer diagnosis
An app notification informed Joe Gillette that he had been diagnosed with aggressive, late-stage cancer.
Doctor has a special surprise for her patient
Steve Hartman goes "On the Road" with a story of a teen battling for his life and the doctor who made him a promise.
Air Force unit faces flu outbreak weeks after vaccine mandate dropped
Dozens of service members at Lackland Air Force Base in Texas have fallen ill with the flu in the weeks since Defense Secretary Pete Hegseth rescinded the vaccine mandate, sources familiar confirmed to CBS News.
Less than half of Americans can afford quality healthcare, Gallup finds
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Busy Philipps on her late ADHD diagnosis
Actress Busy Philipps, 45, spoke up about her late attention-deficit/hyperactivity disorder diagnosis online after realizing she shared symptoms as her young daughter was evaluated and diagnosed. Women are more likely than men to be diagnosed with ADHD later in life, research shows.
World
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Russia frees 24 Filipinos after Philippine President Marcos talks with Putin
There were reports that the Filipinos may have been victims of illegal job recruitment, Philippine officials said.
Claude Guillemot, co-founder of Ubisoft, dies in plane crash
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
1 killed in large fire at luxury resort, several others injured
One person was killed and several others were hurt when a fire broke out at a luxury beach resort in the Dominican Republic on Friday, local officials said.
U.S. clinches spot in World Cup knockout round with dominant win over Australia
In front of a roaring Seattle crowd, the U.S. men's soccer team on Friday defeated Australia in its second World Cup match, clinching a spot in the Round of 32 in the process.
1 killed, dozens injured after trains collide in England, British officials say
At least one person was killed and dozens more were injured after two trains collided north of London on Friday, British officials said.
Entertainment
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Claude Guillemot, co-founder of Ubisoft, dies in plane crash
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
6/20: Saturday Morning
Questions surround the U.S.-Iran deal as Israel and Lebanon trade strikes. Meanwhile, the Ebola crisis continues to worsen in parts of Africa.
Olivia Cooke talks new "House of the Dragon"
The third season of HBO's "House of the Dragon" is set to premiere Sunday. "CBS Saturday Morning" sat down with Olivia Cooke to discuss the new season of the "Game of Thrones" prequel.
Wonder Woman's iconic origin story
In the series "USA to Z," which celebrates 250 years of American history and culture, Adriana Diaz dives into the origin story of a true American icon: Wonder Woman.
Brother Wallace performs "Who's That?"
Georgia-bred Brother Wallace is best known for his live performances that evoke the Golden Age of Motown, gospel and soul, as well as his work with the U.K. rock band "The Heavy." The long-time music teacher's debut album, "Electric Love," is out now. Here's Brother Wallace performing "Who's That?"
Technology
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Waymo recalls robotaxis after some vehicles entered construction zone
The recall follows multiple incidents in which Waymo robotaxis drove past ramp-closure signs and into freeway construction zones.
Americans on AI's future impact
A Pew survey shows 40% of Americans think AI's future impact will be negative. MIT Sloan professor Eric So joins CBS News with more details.
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.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Inside an Irish town raising kids without smartphones
When parents and educators in Greystones, Ireland saw children dealing with increasing anxiety, they acted – and took phones out of the equation.
Science
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Science
Watch: Pentagon releases 6 new UFO videos
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
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.
Crime
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New Jersey council member and former mob boss arrested for extortion
John Alite, 63, was once the top enforcer for the Gotti crime family and a longtime member of the Gambino family.
Mangione's legal team axes psychiatric defense
Lawyers for Luigi Mangione have withdrawn their plan to pursue a psychiatric defense in his New York state murder trial over the killing of UnitedHealthcare CEO Brian Thompson. CBS News legal contributor Jessica Levinson breaks down the decision.
U.K. actress accused of trying to smuggle $208M of meth into Australia
Actress Emaa Hussen, who played alongside Jason Statham in "Redemption," is accused of trying to smuggle 700 pounds of methamphetamine into Australia.
What's missing from the Epstein files?
A CBS News analysis of the released Epstein files shows what documents appear to be absent. CBS News' Vlad Duthiers has more on the search for answers surrounding the case against convicted sex offender Jeffrey Epstein.
Mangione team no longer pursuing this defense
In a stunning reversal, Luigi Mangione's defense team for his New York state trial has announced it will no longer pursue a psychiatric defense. CBS News legal contributor Caroline Polisi joins with more insight.
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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
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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.
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Notable Deaths in 2026
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Timeline: The disappearance of George Smith
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Latest CBS News Videos
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6/20: Saturday Morning
Questions surround the U.S.-Iran deal as Israel and Lebanon trade strikes. Meanwhile, the Ebola crisis continues to worsen in parts of Africa.
Full Interview: Chris Ballard in an ice bath
"CBS Saturday Morning" sits down with author, competitive swimmer and cold plunge expert Chris Ballard while he takes an ice bath to talk about his new book, "The Plunge: Maverick Swimmers, an Unlikely Quest, and the Transformative Power of Cold Water."
The Dish: Chef Cliff Rome
Chef Cliff Rome, a legend of the Chicago food scene, sits down with "CBS Saturday Morning" to discuss his contract with the Obama Presidential Center, which opened to the public on Juneteenth.
Olivia Cooke talks new "House of the Dragon"
The third season of HBO's "House of the Dragon" is set to premiere Sunday. "CBS Saturday Morning" sat down with Olivia Cooke to discuss the new season of the "Game of Thrones" prequel.
Writer transformed by cold plunge obsession
"CBS Saturday Morning" sits down with writer Chris Ballard to talk about his new book "The Plunge: Maverick Swimmers, an Unlikely Quest, and the Transformative Power of Cold Water."