Why the Fed held interest rates steady again
The Federal Reserve held its benchmark interest rate steady on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Interest Rates
Fed leaves interest rates unchanged
The Federal Reserve held interest rates steady again on Wednesday, despite pressure from President Trump to cut rates. CBS News business analyst Jill Schlesinger reports.
The Fed is making a rate decision today. Here's what to expect.
The Federal Reserve Board will announce its next rate decision today, June 18, at 2 p.m. EST.
Trump says Fed Chair is "not a smart person"
President Trump said that Federal Reserve Chair Jerome Powell is "not a smart person" ahead of Wednesday's interest rate decision. CBS News MoneyWatch correspondent Kelly O'Grady has more details.
Fed set to decide interest rates
The Federal Reserve is set to announce what's next for its benchmark interest rate on Wednesday. CBS News business contributor Javier David joins "CBS Morning News" with more on what to expect.
Oil prices soar amid Israel-Iran conflict
Oil costs soared Tuesday as the conflict between Israel and Iran intensified, with crude prices up more than four percentage points. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Fed expected to hold interest rates steady
The Federal Reserve is meeting for the next two days and will announce its latest decision on U.S. interest rates Wednesday. Javier David, the business editor at the Dallas Morning News, joins with more.
ADP employment report shows hiring slowdown
ADP's May employment report, released on Wednesday, suggests that the labor market is weakening. CBS News MoneyWatch correspondent Kelly O'Grady unpacks the data and what it could mean for the U.S. economy.
Trump again urges Fed to lower interest rates
President Trump is again publicly calling for Federal Reserve Chair Jerome Powell to lower interest rates after a new employment report shows job creation slowed in May. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Fed's preferred gauge shows inflation cooling
New economic data released on Friday showed higher U.S. personal income, a softening of inflation and lower trade deficits. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Trump met with Fed chair Powell
President Trump met with Federal Reserve Chair Jerome Powell at the White House as the nation navigates prolonged inflation and a period of economic uncertainty. CBS News chief White House correspondent Nancy Cordes has more details.
Impact of Moody's U.S. credit downgrade
The international credit agency Moody's has downgraded the U.S.' credit rating from its highest AAA rating to Aa1. CBS News senior business and technology correspondent Jo Ling Kent explains what the move could mean for the average American.
Understanding cycle of deficit spending, debt
The U.S. economy is the largest globally, but its debt outweighs that distinction by trillions. Maya MacGuineas, president of the nonpartisan nonprofit Committee for a Responsible Federal Budget, joins "America Decides" to explain why that's a problem, and how increasing that debt with the latest budget proposal could hurt average Americans.
Trump calls Powell a "FOOL" over rates
President Trump is still insulting Federal Reserve Chair Jerome Powell on social media. This comes after Powell's latest decision to leave interest rates unchanged. CBS News contributor Javier David has more.
Behind Fed decision to hold rates steady
The Federal Reserve left its benchmark interest rate unchanged. Jo Ling Kent reports.
Fed ignores Trump's call for cuts
The Federal Reserve held interest rates steady on Wednesday, going against President Trump's repeated calls for cuts. CBS News' Jo Ling Kent and Weijia Jiang have the latest.
Powell warns of risks from tariffs
The Federal Reserve held interest rates steady on Wednesday as policymakers assessed the economic impact of President Trump's tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Fed leaves interest rates unchanged
The Federal Reserve announced Wednesday that it would leave interest rates unchanged despite pressure from President Trump to cut rates. CBS News' Kelly O'Grady and Weijia Jiang have the latest.
The key points in Trump's budget proposal
The Trump administration has unveiled its budget blueprint for 2026. Now, it's only a matter of getting Congress on board. Plus, more jobs were added to the U.S. economy in April than expected, despite uncertainty with the Trump administration's tariff plans against trade partners. CBS News' Willie James Inman and Jo Ling Kent have the latest.
Trump: "No intention of firing" Powell
President Trump told reporters Tuesday he has "no intention of firing" Federal Reserve Chairman Jerome Powell, one day after Mr. Trump called Powell a "major loser." Stef Kight, politics reporter at Axios, and Jake Traylor, White House reporter at Politico, join "America Decides" to discuss the president's comments and more.
Trump ramps up attacks on Fed Chair Powell
President Trump derided Federal Reserve Chairman Jerome Powell in a social media post on Monday as a "major loser" and pressed him to lower interest rates "NOW." CBS News political director Fin Gómez joins with analysis.
Sen. Warren warns Trump against firing Powell
President Trump lashed out at Federal Reserve Chair Jerome Powell in a social media post on Thursday, saying his termination "cannot come fast enough." CBS News' Fin Gómez and Kelly O'Grady report.
Federal Reserve's Neel Kashkari on tariffs
President Trump announced Wednesday that he is raising tariffs on China to 125% and pausing tariffs for several other countries. Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, joins "America Decides" with his take on inflation, tariffs and possible Fed moves.
Stocks tumble for second straight day
Wall Street took another dive on Friday as the fallout from President Trump's steep tariffs continued. CBS News' John Dickerson anchors a special report.
Stocks waver as investors ponder rising economic uncertainty
The Federal Reserve's downbeat outlook on the U.S. economy is a wake-up call for investors.
U.S.
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Ross Fire still burning, with over 90,000 acres scorched
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
Rhode Island's governor faces formidable primary opponent
The incumbent governor and the mayor of Providence may be ousted by their Democratic challengers.
A generation of kids suffers as Trump destabilizes immigrant families
Children in immigrant families are facing multiple health threats from President Trump's policies.
Ben Shelton beats Carlos Alcaraz in U.S. Open's latest-finishing match ever
Ben Shelton ended Carlos Alcaraz's title reign in the latest-finishing match in U.S. Open history, pulling out the victory in a marathon tussle that ended at 3:33 a.m. Wednesday.
New Hampshire Senate race set between Pappas and Sununu after projected primary wins
Rep. Chris Pappas defeated democratic socialist Karishma Manzur in the Democratic primary, while former Sen. John Sununu defeated Scott Brown in the GOP contest.
MoneyWatch
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Trump administration to ban some Canadian motorcycles, dairy, alcohol
The Trump administration moved Tuesday to ban imports of Canadian motorcycles, some dairy products and most types of alcohol starting later this month, intensifying the trade war between the two countries.
Apple event expected to debut foldable iPhone and new CEO John Ternus
Apple's Sept. 9 tech showcase is set to feature new CEO John Ternus unveiling its first foldable iPhone and the iPhone 18.
Bombardier caught in the crossfire of escalating U.S.-Canada feud
President Trump threatened to ban Bombardier sales in the U.S. as Canada's retaliatory tariffs take effect. Here's what to know about the aircraft maker.
Goldman Sachs warns oil prices could hit $120 as U.S. fuel costs surge
Higher gas and diesel prices have cost Americans an additional $100 billion since the Iran war began, according to a Brown University tracker.
Canada's retaliatory tariffs on $20 billion in U.S. goods take effect
Canada's steep retaliatory tariffs on $20 billion in U.S. goods took effect just after midnight ET on Tuesday, deepening the trade war between the two countries.
Politics
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First on CBS
Don Jr.'s VC firm rejects Rep. Raskin's accusations of "insider political influence"
Rep. Jamie Raskin launched an investigation last month into the president's son's investment firm and its "almost clairvoyant" business moves.
Rhode Island's governor faces formidable primary opponent
The incumbent governor and the mayor of Providence may be ousted by their Democratic challengers.
A generation of kids suffers as Trump destabilizes immigrant families
Children in immigrant families are facing multiple health threats from President Trump's policies.
Stefany Shaheen, Anthony DiLorenzo win New Hampshire primaries, CBS News projects
Stefany Shaheen and Anthony DiLorenzo Won their respective primaries to replace Democratic Rep. Chris Pappas in New Hampshire's 1st Congressional District, CBS News projects.
Trump administration to ban some Canadian motorcycles, dairy, alcohol
The Trump administration moved Tuesday to ban imports of Canadian motorcycles, some dairy products and most types of alcohol starting later this month, intensifying the trade war between the two countries.
HealthWatch
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A generation of kids suffers as Trump destabilizes immigrant families
Children in immigrant families are facing multiple health threats from President Trump's policies.
NYC officials release unseen post-9/11 air quality documents
New York City officials released thousands of previously unseen documents questioning the air quality at Ground Zero following the 9/11 attacks.
What is postpartum psychosis?
Experts discuss the symptoms, diagnosis and stigma surrounding postpartum psychosis (not to be confused with postpartum depression), a psychiatric emergency with symptoms that can be extreme and dangerous, as testified in the trial of Lindsay Clancy.
What is postpartum psychosis?
Postpartum psychosis (not to be confused with postpartum depression) is a psychiatric emergency with symptoms that can be extreme and dangerous, as testified in the trial of Lindsay Clancy. Correspondent Faith Salie talks with experts about the symptoms, diagnosis and stigma surrounding postpartum psychosis; and with a mother whose experience of hallucinations and distorted reality soon after giving birth threatened her and her family.
A woman was in pain for decades. A chance meeting helped her learn why.
Dawn Jemison started dealing with pelvic pain as a preteen. It took decades to learn why — and to find a solution.
World
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"Exceptionally well-preserved" tomb of ancient judge found in Egypt
Many of the paintings in the tomb have retained their original colors despite spending more than 40 centuries buried beneath the desert sands, officials said.
Live
Oil hits $100 per barrel as U.S. and Iran launch new attacks
The price of crude oil hit a 7-week high after the U.S. said it blew up 5 more Iranian oil tankers, triggering retaliation from Tehran.
London police use tech to tackle masked phone snatchers
Police say fewer people in London are getting their phones stolen by criminals speeding by on bikes and mopeds thanks to a dedicated task force with an "eye in the sky."
U.S. envoy warns U.K. against new plan to sanction Israeli settlements
Britain and 11 other U.S. allies say they'll sanction trade with Israeli settlements in the West Bank, citing an "unprecedented level of settler violence."
Ukrainian woman designing a ballistic missile to put Moscow in reach
Before Russia invaded, Iryna Terekh designed patios. Now she runs a Ukrainian defense company testing a missile she says will soon put Moscow in range.
Entertainment
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Ben Shelton beats Carlos Alcaraz in U.S. Open's latest-finishing match ever
Ben Shelton ended Carlos Alcaraz's title reign in the latest-finishing match in U.S. Open history, pulling out the victory in a marathon tussle that ended at 3:33 a.m. Wednesday.
Details on new Elizabeth Holmes doc
Nathan Fielder and Lance Oppenheim's new documentary about Elizabeth Holmes is "probably the wildest documentary I've ever seen," according to Rebecca Ford, Vanity Fair's senior Hollywood correspondent, who was there for the documentary's secret premiere. Ford joined CBS News with more details.
John Legend announces new album
John Legend announced a new album, "Muse," set to be released in late October. Legend sat down with Nate Burleson to discuss the album's new sound and his collaboration with Pharrell.
Secret Elizabeth Holmes documentary makes debut
Theranos founder Elizabeth Holmes, already serving an 11-year sentence for defrauding investors, is now also the star of a new documentary co-created by an absurdist comedian. CBS News' Lilia Luciano has the story.
King Charles: Harry, Meghan won't work as royals
Prince Harry and Megan Markle have returned to the U.K., but not to any official royal duties. But just in case there is any hint of confusion, King Charles released a letter of clarification on Monday. CBS News' Holly Williams has details.
Technology
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Apple event expected to debut foldable iPhone and new CEO John Ternus
Apple's Sept. 9 tech showcase is set to feature new CEO John Ternus unveiling its first foldable iPhone and the iPhone 18.
Data center development turns some landowners into millionaires
Most Americans say they're opposed to data centers. But a lucky few have gotten rich selling their land to data center developers.
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 hypes GPT-6 Astra
OpenAI announced GPT-6 Astra as its most powerful model yet, with some saying that the era of artificial general intelligence is here. Meanwhile, concerns about cybersecurity and tech regulation are rising. Axios tech policy reporter Maria Curi joins CBS News with more.
The positive side of data centers
While data centers bother many, some lucky landowners have become millionaires by selling property to developers. Kelly O'Grady reports.
Science
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Ig Nobel prizes go to scientists studying cockroach milk, nose-blowing, more
Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners.
Vote on the fattest marmot now
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA plans to launch new space telescope
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
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.
Crime
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Crime
Lindsay Clancy's lawyer asks Trump for pardon
Lindsay Clancy's lawyer spoke with CBS News Boston on Tuesday, explaining why he'd asked President Trump to somehow pardon her, as she is still under state indictment for killing her three children. Shanelle Kaul reports.
Thieves on the run after Renoir paintings stolen in France
Four Renoir paintings worth an estimated $10.5 million were stolen from a French museum, though they abandoned two of the paintings as they fled. Two suspected thieves are still on the run.
Patrick Clancy calls out conspiracy theories
Lindsay Clancy's ex-husband, Patrick Clancy, blasted claims on Tuesday that he is behind the killings of his three children. CBS News Boston reporter Cristina Rex has more.
U.S. Marshals find 79 missing children
The U.S. Marshals Service announced that it found 79 missing and endangered children across Ohio in August. The Marshals Service worked with federal, state and local partners to find the children during Operation Meridian. CBS News' Anna Schecter has more.
Judge orders bond increase for Barry Morphew after arrest
A Colorado judge ordered an increase in bond for murder suspect Barry Morphew on Tuesday from $3 million to $10 million cash only.
Space
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NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
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.
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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
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.
Latest CBS News Videos
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The Blood Donation Blind Spot
Women may be disproportionately affected by blood shortages and are more likely than men to need a blood transfusion than men. That's why we're talking about this summer's blood supply crisis on this week's episode of Healthful. Dr. Courtney Lawrence from the Red Cross joins Norah to discuss why women are 10 times more likely to be iron-deficient. Also, could donating blood give you helpful health information? Plus, Norah is a frequent blood donor and reveals how she rewards herself after donating.
Hurricane Lowell lashes Hawaiian islands
Hurricane Lowell lashed the Hawaiian islands with up to 2 feet of rain in some parts, 90-mph winds and monster waves. Carter Evans reports and Rob Marciano hs the forecast.
Lindsay Clancy's lawyer asks Trump for pardon
Lindsay Clancy's lawyer spoke with CBS News Boston on Tuesday, explaining why he'd asked President Trump to somehow pardon her, as she is still under state indictment for killing her three children. Shanelle Kaul reports.
Barack Obama on the bin Laden operation
In 2011, then-President Barack Obama sat down with 60 Minutes for his first interview after the killing of Osama bin Laden. He described what went through his mind as he watched the operation unfold.
SCOTUS rebuffs Missouri request for new House map
The Supreme Court on Tuesday denied an emergency application to block a Missouri Supreme Court ruling barring the state from using its new congressional map, which favors Republicans. CBS News White House reporter Aaron Navarro has more.