Federal Reserve likely to cut interest rates
The Federal Reserve is expected to announce an interest rate cut decision during its meeting on Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady has more details.
Interest Rates
Investors celebrate September inflation data
The first significant report on the U.S. economy since the government shutdown shows inflation edged up slightly in September. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the stock market reaction.
Market sell-off amid U.S.-China trade tensions
The Dow Jones closed down on Friday after President Trump threatened new tariffs on China. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Here are the 3 biggest ways the Fed's rate cut could impact your money
The Federal Reserve's first interest rate cut since December could be followed by more reductions later in 2025. Here's what to know.
How the interest rate impacts Americans
The Federal Reserve's latest decision to implement a cut to its benchmark interest rate comes after lagging job growth. Allie Kelly, a reporter for Business Insider, joins CBS News with more on the impact on America's economy.
How significant is the Fed's latest rate cut?
The Federal Reserve cut rates for the first time in nine months Wednesday by a quarter point. The decision came as recent employment data showed the U.S. job market might be losing steam. Fed Chair Jerome Powell said there could be even more rate cuts coming later this year. CBS News senior business and technology correspondent Jo Ling Kent reports.
Fed signals two more rate cuts in 2025
The Federal Reserve lowered interest rates by 0.25 percentage points on Wednesday, marking the first cut of 2025. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Fed lowers interest rates by 0.25 percentage points in first cut since 2024
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Fed cuts rates for first time in 9 months
The Federal Reserve announced it's lowering its benchmark interest rate by 0.25 percentage points. It's the first rate cut since December. CBS News' Kelly O'Grady
Fed cuts interest rates 0.25 percentage points
The Federal Reserve announced that it lowered interest rates by 0.25 percentage points, its first rate cut since December 2024. CBS News MoneyWatch correspondent Kelly O'Grady and White House correspondent Ed O'Keefe have more.
Will the Fed cut rates today? These charts may determine its decision.
With the U.S. economy facing headwinds, the Federal Reserve faces pressure to trim interest rates this week for the first time since December 2024.
Reporter's Notebook: Behind the Fed's jargon
The Federal Reserve is expected to lower interest rates, and decisions that shape household budgets will be explained in woolly-mouthed Fed speak. "CBS Evening News" co-anchor John Dickerson explains.
Why the Fed is expected to cut rates
The Federal Reserve's upcoming rate decision is shaping up to be its most consequential of the year, with most economists predicting the first cut of 2025. Kelly O'Grady has more.
Why signs are pointing to a Fed rate cut
A Federal Reserve decision on U.S. interest rates is set to come on Wednesday afternoon. Officials are largely expected to lower rates for the first time in 2025. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Ex-CBO director on Trump's 2nd term economy
President Trump's position on interest rates and the overall economy is under intense scrutiny. Former Congressional Budget Office Director Douglas Holtz-Eakin, one of the U.S.' foremost conservative economists, says in his first term, Mr. Trump did some "astounding" things for the economy. Holtz-Eakin joins "The Takeout" to discuss why his views on the president's second-term economic policies have turned negative.
Inflation fuels falling consumer sentiment
New data shows Americans are feeling increasingly concerned about the state of the economy. A survey reveals that consumer sentiment fell in September for the second consecutive month. CBS News senior business and technology correspondent Jo Ling Kent has more.
Trump admin. asks appeals court to allow firing of Lisa Cook before Fed meeting
The Trump administration wants an appeals court to lift a ruling that blocked President Trump from firing Federal Reserve Governor Lisa Cook before an interest rate meeting next week.
What do major job revisions say about economy?
The U.S. labor market added 911,000 fewer jobs in the past year than earlier reported, the Bureau of Labor Statistics announced on Tuesday. CBS News MoneyWatch correspondent Kelly O'Grady has the details. Then, Douglas Holtz-Eakin, former chief economic adviser for the George W. Bush administration and former director of the Congressional Budget Office, joins with analysis.
Top Trump adviser urges for Fed reform
White House National Economic Council director Kevin Hassett told "Face the Nation with Margaret Brennan" that he believes the Federal Reserve "needs to be fully independent of political influence" as President Trump continues to pressure Fed Chair Jerome Powell to lower interest rates. CBS News business contributor Javier David has the latest.
Economists' top 3 takeaways from the dismal August jobs report
Employers added far fewer jobs last month than economists had predicted, prompting some experts to reassess the economy.
A possible upside to August's slowing job growth
Employers across the U.S. added 22,000 jobs in August, falling short of economists' muted expectations and signaling the labor market is facing sharp headwinds from mounting economic uncertainty amid the Trump administration's wide-ranging tariffs. Jo Ling Kent has the biggest takeaways.
Dow Jones dips after new July inflation data
The Dow Jones fell on Friday after new data showed inflation remained mostly steady in July, but with some prices edging up. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Markets remain steady amid Trump's Fed clash
President Trump said he fired Federal Reserve Gov. Lisa Cook on social media, but Cook said she is not resigning. Despite Mr. Trump's announcement, stock markets appear unaffected by the news. CBS News' Ed O'Keefe and business journalist Kristin Myers have more details.
Lisa Cook to Trump: "I will not resign"
An epic legal fight is brewing between President Trump and the Federal Reserve after he moved to fire board governor Lisa Cook. CBS News White House reporter Aaron Navarro has the latest. Then, Abha Bhattarai, economics correspondent for The Washington Post, and Tom Dupree, former deputy assistant attorney general, join with analysis.
New Federal Reserve statement on Trump, Cook
The Federal Reserve on Tuesday issued a new statement regarding President Trump's move to fire Fed Governor Lisa Cook. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Trump says "killing in Iran is stopping," with "no plan for executions"
Potentially thousands have died from the crackdown to quash unrest amid protests.
ICE officer shoots man in leg in Minneapolis after shovel attack, officials say
A shooting occurred Wednesday night in north Minneapolis after ICE officers were attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
Exclusive
ICE agent who shot Renee Good suffered internal bleeding, officials say
Jonathan Ross, who shot Renee Good in Minneapolis last week, suffered internal bleeding after the incident, two officials said, though it's not clear how extensive the bleeding was.
Trump administration investigates 5 Democrats over their video to troops
Five congressional Democrats say they have received inquiries from the DOJ after they appeared in a video urging members of the military not to follow "illegal orders" — a move the lawmakers allege is political intimidation.
Senate GOP kills war powers effort to limit Trump on Venezuela, with Vance breaking tie
Two Republicans switched their votes after pressure from the White House.
What to know about Havana Syndrome and a device that might be linked to it
Years after the first reports of Havana Syndrome emerged, U.S. officials have obtained and are testing a device that could be linked to the debilitating condition.
U.S. completes first sale of Venezuelan oil, valued at $500 million
The Trump administration has not yet disclosed many details about the deal.
"Fundamental" differences remain over Greenland's future, Denmark says after U.S. meeting
After the meeting, Denmark's foreign minister said they're eager to work with the U.S. while respecting the "red lines of the Kingdom of Denmark."
Trump administration to suspend immigrant visas for nationals of 75 countries
The State Department announced it will stop giving out visas to nationals of dozens of countries who are seeking to move to the U.S. permanently.
U.S.
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Part that broke in UPS cargo plane crash had failed 4 other times, NTSB says
Boeing warned plane owners in 2011 about a broken part that contributed to last year's UPS cargo plane crash that killed 15 people, but at that time the plane manufacturer didn't believe it threatened safety, the NTSB said.
Newsom blocks Louisiana from extraditing doctor accused of mailing abortion pills
California Gov. Gavin Newsom says he is blocking Louisiana's effort to extradite a California doctor accused of mailing abortion pills out of state.
Trump signs bill allowing whole milk to return to school lunches
Whole milk is heading back to school lunch cafeterias.
ICE officer shoots man in leg in Minneapolis after shovel attack, officials say
A shooting occurred Wednesday night in north Minneapolis after ICE officers were attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
Chicago mayor explains how he's tackling the city's life expectancy gap
In 2023, life expectancy in the Loop was 87.3 years, while in West Garfield Park, life expectancy was just 66.6 years, according to the city's Health Department.
MoneyWatch
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Bilt offers credit cards with 10% APR after Trump proposes interest cap
FIntech company Bilt pounced on the opportunity to roll out low-APR credi cards, as big banks push back on proposed rate cap.
Apple, Google face pressure to remove X and Grok from their app stores
Grok faces mounting scrutiny from government officials and advocacy groups after people used the AI chatbot to create sexualized images of minors and women.
Verizon says outage resolved after customers lost service for hours
A Verizon spokesperson told CBS News that an outage that customers reported beginning around noon Eastern Time had been resolved.
ChatGPT served as "suicide coach" in man's death, lawsuit alleges
Mother of Colorado man who committed suicide in 2025 alleges that OpenAI's AI chatbot told him death was a "beautiful place."
Chew on this: U.S. food prices are still up 19% since 2022
Food prices in December saw their biggest jump in more than three years, data shows, while the cost of eating out has also risen.
Politics
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ICE officer shoots man in leg in Minneapolis after shovel attack, officials say
A shooting occurred Wednesday night in north Minneapolis after ICE officers were attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
Chicago mayor explains how he's tackling the city's life expectancy gap
In 2023, life expectancy in the Loop was 87.3 years, while in West Garfield Park, life expectancy was just 66.6 years, according to the city's Health Department.
Trump administration investigates 5 Democrats over their video to troops
Five congressional Democrats say they have received inquiries from the DOJ after they appeared in a video urging members of the military not to follow "illegal orders" — a move the lawmakers allege is political intimidation.
What to know about Havana Syndrome and a device that might be linked to it
Years after the first reports of Havana Syndrome emerged, U.S. officials have obtained and are testing a device that could be linked to the debilitating condition.
Trump administration to suspend immigrant visas for nationals of 75 countries
The State Department announced it will stop giving out visas to nationals of dozens of countries who are seeking to move to the U.S. permanently.
HealthWatch
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Chicago mayor explains how he's tackling the city's life expectancy gap
In 2023, life expectancy in the Loop was 87.3 years, while in West Garfield Park, life expectancy was just 66.6 years, according to the city's Health Department.
Recalled "super greens" supplement linked to dozens of salmonella cases, CDC says
Illnesses linked to the New York-based Live it Up Super Greens brand powder were reported in 21 states from Aug. 22 to Dec. 30, 2025.
Trump admin. cuts grants for mental health, addiction treatment programs
The U.S. Substance Abuse and Mental Health Services Administration, SAMHSA, lost around $1.9 billion in federal grants, which were abruptly terminated on Tuesday, a source said.
Wide variation found in funding for states' rural health proposals
Every state will receive at least $100 million annually from the federal Rural Health Transformation fund, but some scored millions more based on their plans and willingness to pass policies embracing MAHA initiatives.
ACA enrollment sinks sharply as coverage costs soar in 2026
Roughly 1.4 million fewer Americans have signed up for an Affordable Care Act plan as expiring tax breaks drive up premiums.
World
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What to know about Havana Syndrome and a device that might be linked to it
Years after the first reports of Havana Syndrome emerged, U.S. officials have obtained and are testing a device that could be linked to the debilitating condition.
Iranian mom searched morgue, sifting through hundreds of bodies, to find her daughter
Rubina Aminian's mother forced her way into a morgue in search of her daughter, who her family says was shot in the head at close range.
Trump says "killing in Iran is stopping," with "no plan for executions"
Potentially thousands have died from the crackdown to quash unrest amid protests.
U.S. says it's moving into next phase of Gaza peace plan, warns Hamas
Steve Witkoff said the U.S. expects Hamas to immediately return the final deceased hostage as part of its obligations under the deal.
Trump told Iranians help is coming, so what might it look like?
Experts tell CBS News what sort of options President Trump has to respond to Iran's brutal crackdown on protesters.
Entertainment
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Actor Timothy Busfield held without bond in New Mexico child sex abuse case
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
Stars of "Sinners" talk about movie
"Sinners" stars Michael B. Jordan, Miles Caton and Wunmi Mosaku talk to "CBS Mornings" about the movie's recent success at the Golden Globes, the atmosphere on set and what they learned through the process.
Ali Larter talks what's ahead in "Landman"
Actor Ali Larter plays Angela Harris, the ex-wife of an oilman played by Billy Bob Thornton in the Paramount+ series "Landman." She talks to "CBS Mornings" about the series, working with Thornton and how she landed her role.
Actor Timothy Busfield turns himself in following child sex abuse allegations
In a video provided to TMZ on Tuesday, Timothy Busfield said the allegations "are all lies."
François Arnaud on "Heated Rivalry" series
Francois Arnaud joins "CBS Mornings" to talk about the popular series "Heated Rivalry," based on the "Game Changers" book series. It follows rising hockey stars Shane Hollander and Ilya Rozanov. What begins as a fling between two rivals turns into a yearslong journey of love, denial and self discovery. Arnaud plays Scott Hunter, a closeted gay professional hockey player in the same league who has fallen in love with a smoothie shop worker. He talks about the message in the series and how it developed into a hit show.
Technology
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Technology
Details on Verizon cell phone outage
A widespread Verizon outage hit the U.S. on Wednesday, leaving thousands of customers without service. CBS News' Karen Hua has more.
Apple, Google face pressure to remove X and Grok from their app stores
Grok faces mounting scrutiny from government officials and advocacy groups after people used the AI chatbot to create sexualized images of minors and women.
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.
ChatGPT served as "suicide coach" in man's death, lawsuit alleges
Mother of Colorado man who committed suicide in 2025 alleges that OpenAI's AI chatbot told him death was a "beautiful place."
"Are You Dead," viral Chinese app, changing its name
The Chinese mobile app "Are You Dead?" which sounds an alarm if a user doesn't check in every 48 hours, says it will drop its catchy name after it drew international media attention.
Science
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Fossils found in cave shed light on where our species emerged
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
The history and mystery of kissing
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
2025 was so hot it pushed Earth past critical climate change mark
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Crime
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ICE officer shoots man in leg in Minneapolis after shovel attack, officials say
A shooting occurred Wednesday night in north Minneapolis after ICE officers were attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
Actor Timothy Busfield held without bond in New Mexico child sex abuse case
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
Indicted Virginia coach still missing
The search continues in Virginia for a high school football coach charged with possessing child sexual assault material and using a computer to solicit a minor. CBS News breaking news correspondent Shanelle Kaul has the latest.
Au pair testifies in man's murder trial
A trial is underway in northern Virginia for a man accused of plotting his wife's murder with help from his affair partner - the family's au pair. The former au pair was the first witness called to testify against Brendan Banfield. Jericka Duncan reports on the case.
Doctors arrested after 9 newborns die at hospital in Russia
The case has provoked anger and bewilderment from Russian politicians.
Space
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Astronauts head home early after medical issue
Crew 11 is expected to splash down off the coast of Southern California at 3:41 a.m. ET, closing out a 167-day stay in space.
Former NASA astronaut on ISS undocking
The members of SpaceX Crew-11 undocked from the International Space Station on Wednesday, beginning their journey back to Earth. The crew is leaving a month early after NASA announced that an unnamed team member experienced an undisclosed "medical concern." Clayton Anderson, a former NASA astronaut who spent time on the ISS, joins "The Daily Report" to discuss.
ISS astronauts prepare for early return
Crew-11 is preparing for an unprecedented early return to Earth over concerns for an astronaut's medical condition aboard the International Space Station. Mike Massimino, a former NASA astronaut and engineering professor at Columbia University, joins with more.
Former astronaut on ISS crew coming home early
Four members of Crew-11 are preparing to return to Earth from the International Space Station later this week after a "medical concern" prompted NASA to cancel a scheduled spacewalk. Former astronaut Dr. Scott Parazynski joins with his reaction.
Space station changes command, setting stage for Crew 11 departure
Outgoing space station commander Mike Fincke, a member of the returning Crew 11, turned the station over to cosmonaut Sergey Kud-Sverchkov, saying the combined crew had developed deep friendships.
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
Officials: Federal officer shoots man in leg
The Department of Homeland Security says a federal law enforcement officer shot a person in the leg on Wednesday night during an immigration operation in Minneapolis. Minnesota officials provided an update. Jessi Mitchell anchors this Special Report.
Details on Verizon cell phone outage
A widespread Verizon outage hit the U.S. on Wednesday, leaving thousands of customers without service. CBS News' Karen Hua has more.
Judge weighs law banning masks for ICE agents
Legal representation for the state of California and the federal government were in court on Wednesday over the Golden State's new law that bans federal agents from wearing face coverings during operations. CBS News correspondent Nidia Cavazos reports.
Next steps in Iran after Trump says killing stopped
President Trump says his administration has been notified that the killings and executions of anti-government protesters in Iran have stopped. CBS News Middle East reporter Courtney Kealy has more.
Chicago believes again as the Bears catch fire
It's a long winter in Chicago when the Bears are bad, but walk into any bar in the city, especially after last week's comeback win over the Packers, and the winter is gone. Tony Dokoupil has details.