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.
Interest Rates
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.
Fed keeps benchmark interest rate unchanged
The Federal Reserve announced its decision on Wednesday to hold its benchmark interest rate steady as Fed chairman Jerome Powell acknowledged the impact of tariffs on inflation. The interest rate has an indirect tie to the interest that consumers pay on things like credit cards and car loans.
Trump says Hamas agreed to next phase of Gaza peace deal, including disarmament
The president says Hamas and his international "Board of Peace" have agreed on the next steps in a peace deal that includes Hamas' disarmament in the Gaza Strip.
Trump says he may pull Blanche's nomination until 2 Senate critics leave office
President Trump said Todd Blanche will remain acting attorney general as a holdup on his nomination continues.
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Iran conflict expands as Senate again rejects effort to limit Trump's war powers
A vote in the Senate to limit President Trump's war powers has narrowly failed again. Three Republicans voted in favor it.
Saudi, Israeli leaders try to shape Trump's decisions on Iran conflict
As conflict potentially expands in the region, Trump met with the Saudi defense minister and with Benjamin Netanyahu. The Israeli prime minister counseled Trump on three options for the war.
U.S. investigating whether Iran was behind cyberattack on Minnesota water systems
Malicious cyber activity affected technology at more than 30 community water systems across Minnesota this week, leading authorities to dig into whether Iranian actors are behind the attack, CBS News has learned.
Exclusive
Pentagon weighs eliminating civilian tenure at military academies, draft memo says
The Pentagon is considering a sweeping remake of military higher education, including an end to civilian tenure and a "line-by-line" review of courses, according to a draft memo obtained by CBS News.
Ukrainian ambassador tracks how Kyiv's relationship with D.C. has evolved,
The outgoing Ukrainian ambassador to the U.S. says Ukraine has been able to combat what she said characterized as a prior, erroneous narrative that Russia was winning the war, now in its fifth year.
Father of Apalachee High School shooter sentenced to 15 years in prison
Days after his son was sentenced, the father of the Apalachee High School shooter Colt Gray, is in court for his own sentencing hearing.
Afghan woman to fight U.S. efforts to deport her over "alien terrorist" claim
Nazira Haji Zada's lawyer argued that the Justice Dept. is violating her due process rights.
U.S.
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Anthropic reveals Claude "gained unauthorized access" to "real-world systems"
Anthropic's artificial intelligence model Claude "gained unauthorized access" to three outside organizations on three separate occasions during testing.
U.S. investigating if Iran was behind cyberattack on Minnesota water systems
Malicious cyber activity affected technology at more than 30 community water systems across Minnesota this week, leading authorities to dig into whether Iranian actors are behind the attack, CBS News has learned.
Stolen Civil War-era cannonballs found in suitcase at Alabama airport
Law enforcement officials say a set of stolen Civil War-era cannonballs was discovered in a passenger's suitcase during a routine security screening at Alabama's Gulf Shores International Airport.
Hair sample found at Nancy Guthrie's home inconclusive as search hits 6-month mark
A hair sample found at the home of Nancy Guthrie came back inconclusive after undergoing testing, Pima County Sheriff Chris Nanos revealed Thursday.
American Airlines makes its flight refund policy more restrictive
American Airlines is tightening its flight refund and cancellation policy. Here's what to know.
MoneyWatch
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Anthropic reveals Claude "gained unauthorized access" to "real-world systems"
Anthropic's artificial intelligence model Claude "gained unauthorized access" to three outside organizations on three separate occasions during testing.
American Airlines makes its flight refund policy more restrictive
American Airlines is tightening its flight refund and cancellation policy. Here's what to know.
Poll analysis on cost of living and whether political parties have answers
Big majorities of Americans have said their incomes are not keeping up with inflation, and feel the president isn't focused enough on the issue.
Netflix sued for allegedly losing unreleased Nicolas Cage movie
Lawsuit alleges that a drive storing $45 million spy film starring Nicolas Cage was "stolen right off a Netflix desk."
Mortgage rates hit highest level in a year amid inflation fears
Mortgage rates are drifting higher as the Fed's interest rate decision and war in the Middle East fuel inflation concerns.
Politics
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Ukrainian ambassador tracks how Kyiv's relationship with D.C. has evolved,
The outgoing Ukrainian ambassador to the U.S. says Ukraine has been able to combat what she said characterized as a prior, erroneous narrative that Russia was winning the war, now in its fifth year.
Exclusive
Pentagon weighs eliminating civilian tenure at military academies, draft memo says
The Pentagon is considering a sweeping remake of military higher education, including an end to civilian tenure and a "line-by-line" review of courses, according to a draft memo obtained by CBS News.
Trump says Hamas agreed to next phase of Gaza peace deal, including disarmament
President Trump said Hamas and his international "Board of Peace" have agreed on the next steps in a peace deal that includes Hamas' disarmament in the Gaza Strip.
U.S. investigating if Iran was behind cyberattack on Minnesota water systems
Malicious cyber activity affected technology at more than 30 community water systems across Minnesota this week, leading authorities to dig into whether Iranian actors are behind the attack, CBS News has learned.
Poll analysis on cost of living and whether political parties have answers
Big majorities of Americans have said their incomes are not keeping up with inflation, and feel the president isn't focused enough on the issue.
HealthWatch
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Senate committee advances Dr. Erica Schwartz to be Trump's CDC director
If confirmed by the full Senate, Dr. Erica Schwartz would become the 22nd director of the Atlanta-based Centers for Disease Control and Prevention.
Millions of kids have caffeine in their diet. It's not all coming from soda.
On any given day, kids consume an average of 19.4 milligrams of caffeine, which is about two-thirds of what's in a can of Coke, according to a new report.
Extended Interview: Jay Bhattacharya
Rob Gutman speaks with Jay Bhattacharya, director of the National Institutes of Health and acting director of the CDC, about Dr. Anthony Fauci's actions during the pandemic, the possible origins of COVID-19, vaccines and more.
Acting CDC director on Fauci's testimony
Dr. Jay Bhattacharya, the director of the National Institutes of Health and the acting director of the Centers for Disease Control and Prevention spoke with Matt Gutman about Dr. Anthony Fauci's hearing on Wednesday and other health issues that affect many Americans.
Fauci invokes the Fifth over 100 times
Dr. Anthony Fauci faced an angry Senate hearing on Wednesday, with Republicans confronting him over diary entries and his handling of the government's response to the COVID-19 pandemic. Nikole Killion has more.
World
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Ukrainian ambassador tracks how Kyiv's relationship with D.C. has evolved,
The outgoing Ukrainian ambassador to the U.S. says Ukraine has been able to combat what she said characterized as a prior, erroneous narrative that Russia was winning the war, now in its fifth year.
Trump says Hamas agreed to next phase of Gaza peace deal, including disarmament
President Trump said Hamas and his international "Board of Peace" have agreed on the next steps in a peace deal that includes Hamas' disarmament in the Gaza Strip.
What the fires burning near Bordeaux's vineyards could mean for France's wine industry
In France, wildfires this summer have already burned an area four times the size of Paris, driving hundreds of thousands of people from their homes.
CONCACAF rejects Infantino's World Cup investment plan after UEFA's boycott threat
North America's soccer body on Thursday rejected FIFA president Gianni Infantino's plan to sell stakes in the World Cup to private equity investors, joining European nations in opposition.
Spain deploys military to Morocco border after migrant crossings, 9 deaths
Spain will deploy its military to Ceuta to help restore order at its border with Morocco after local authorities in Ceuta had asked the central government in Madrid for reinforcements.
Entertainment
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Entertainment
"Spider-Man: Brand New Day" swings into theaters
Just weeks after "Supergirl" underperformed at the box office, the ninth live-action Spider-Man film since 2002 is expected to premiere with a projected global opening of as much as $465 million. Marlow Stern, chief correspondent at Variety, joins CBS News to discuss.
From the archives: Spider-Man creator Stan Lee
The creator of such superheroes as Spider-Man, Iron Man, the Avengers and the Fantastic Four, Stan Lee (1922-2018) was a comic book genius whose characters made him a superhero himself to legions of fans. In this report that originally aired Jan. 17, 2016, Lee talked with "Sunday Morning" correspondent Lee Cowan about his marvelous life story that, fittingly, was published in comic-book form.
Netflix sued for allegedly losing unreleased Nicolas Cage movie
Lawsuit alleges that a drive storing $45 million spy film starring Nicolas Cage was "stolen right off a Netflix desk."
From the archives: "Once" songwriter Glen Hansard
Irish singer-songwriter Glen Hansard, an Oscar-winner for "Once" (which became a Tony Award-winning musical), died July 29, 2026 at age 56. In this March 17, 2013 "Sunday Morning" profile, Hansard talked with Anthony Mason about growing up as a street performer in Dublin, and his meteoric rise to fame as a member of the rock band The Frames and (with Markéta Irglová) half of the duo The Swell Season. Also: A web extra featuring Hansard busking on the streets of New York City.
BTS skipping the next Grammy Awards
BTS said they will not submit their latest album for Grammy consideration, which came after the group's yearslong hiatus to fulfill their mandatory military duty. Emily Curl explains why the group's decision may be connected to the academy adding a new category.
Technology
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Anthropic reveals Claude "gained unauthorized access" to "real-world systems"
Anthropic's artificial intelligence model Claude "gained unauthorized access" to three outside organizations on three separate occasions during testing.
Altman expresses support for AI slowdown
Emily Birnbaum, a corporate lobbying reporter at Bloomberg News, joins "The Daily Report" to discuss what OpenAI CEO Sam Altman's lobbying efforts in Washington, D.C., mean for the industry as he voices his support for pacing AI development.
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 CEO meets with key Trump advisers
OpenAI CEO Sam Altman is meeting with high-ranking Trump administration advisers following his talks with lawmakers on Capitol Hill. This comes as some tech workers criticize the rapid development of AI, demanding that the government create new safety regulations. CBS News' Jo Ling Kent has more.
Inside the advancements in AI
CBS News contributor Matt Shumer, a venture capitalist, told "CBS Mornings" artificial intelligence advancements are moving "way more quickly than anyone anticipated." Shumer addresses recent developments in AI and its impact on the workforce.
Science
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Science
How plants feel
Science shows us that, even though plants don't have brains, they seem to have a nervous system that responds to touch in remarkable ways. Robert Krulwich and puppeteer Barnaby Dixon explore the science of thigmomorphogenesis (the phenomenon of plants reacting to outside stimulae), a discussion that plants the seeds for a song.
Nearly 30 beluga whales sent to the U.S.
Nearly 30 beluga whales were sent to aquariums across the U.S. in a multinational emergency operation after their home aquarium in Canada shuttered. Jared Ochacher reports.
SpaceX launches first rocket since IPO
Elon Musk's aerospace company, SpaceX, launched its massive Starship rocket in its first test flight since the company went public. Since achieving the largest IPO in history, SpaceX's stock has dropped drastically. Mark Strassmann takes a look.
Wildfire smoke continues to shroud U.S.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
How AI data centers impact the environment
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
Crime
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Crime
Police kill suspect in deadly kidnapping
On Wednesday night in Chino Hills, about 30 miles south of Los Angeles, deputies fatally shot a suspect after a deadly kidnapping. Carter Evans reports as authorities piece together exactly what happened.
Hair sample found at Nancy Guthrie's home inconclusive as search hits 6-month mark
A hair sample found at the home of Nancy Guthrie came back inconclusive after undergoing testing, Pima County Sheriff Chris Nanos revealed Thursday.
First responders testify in Lindsay Clancy trial
First responders testified Thursday in the trial of Lindsay Clancy, who admitted to killing her three children but pleaded not guilty to three counts of first-degree murder. CBS News correspondent Shanelle Kaul has the details.
Peptide vendor sentenced to nearly 6 years in prison: "An incredible trail of harm"
A federal judge sentenced the owner of a peptide company to nearly six years in prison after finding the business deceived customers and sold products that were adulterated with steroids.
Details on Colin Gray sentence
Colin Gray, father of Appalache High School shooter Colt Gray, was sentenced to 15 years in prison on Thursday for his part in the 2024 tragedy perpetrated by his son. CBS News legal contributor Rebecca Roiphe has more.
Space
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Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
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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.
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.
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.
Latest CBS News Videos
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Latest CBS News Videos
"Spider-Man: Brand New Day" swings into theaters
Just weeks after "Supergirl" underperformed at the box office, the ninth live-action Spider-Man film since 2002 is expected to premiere with a projected global opening of as much as $465 million. Marlow Stern, chief correspondent at Variety, joins CBS News to discuss.
Boat company owner donates profits to charity
Eddie Smith, the owner of Grady-White Boats, could have sold his business for hundreds of millions of dollars. Instead, he decided to turn the company over to a charitable trust.
Legal analysis on who decides election rules
President Trump is fighting with 23 states and the District of Columbia over election rules and mail-in ballots. CBS News legal contributor Jessica Levinson joins to discuss.
Sheriff discusses Nancy Guthrie case
Nearly six months after Nancy Guthrie was kidnapped from her home in Tucson, Arizona, Jonathan Vigliotti sat down with the sheriff at the forefront of the investigation.
WNBA game sees sideline controversy
Indiana Fever guard Sophie Cunningham made news off the court for her recent comments about transgender athletes in women's sports. Jan Crawford has more.