Powell says the Fed was served DOJ subpoenas over building renovations
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
Jerome Powell
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.
How the Federal Reserve gained independence
Federal Reserve Chair Jerome Powell this weekend said that the Justice Department's investigation into him is a major test of the central bank's independence, which has been the norm since 1951. CBS News' Lindsey Reiser explains how the Fed became independent. Then, CBS News congressional correspondent Nikole Killion has more on lawmaker reaction to the probe.
White House: Trump didn't direct Powell probe
The Justice Department is investigating Federal Reserve Chair Jerome Powell, sparking outcry from lawmakers across both sides of the aisle. CBS News chief legal correspondent Jan Crawford has more.
Ex-Obama adviser slams DOJ probe into Powell
Multiple former Federal Reserve chairs and economic officials have signed a letter condemning the investigation into Jerome Powell, calling it an "unprecedented attempt" to undermine the central bank's independence. Jason Furman, former chair of the Council of Economic Advisers, and Jessica Levinson, CBS News legal contributor, join to discuss.
House Democrats eye DHS budget to rein in ICE
Protests in Minnesota and across the U.S. are continuing following last week's deadly ICE shooting. Democratic Rep. James Walkinshaw of Virginia joins "The Takeout" to discuss how his colleagues in Congress hope to address the situation.
Sen. Elizabeth Warren on DOJ probe into Powell
The Justice Department is investigating Federal Reserve Chairman Jerome Powell over renovations to the central bank's headquarters. Democratic Sen. Elizabeth Warren of Massachusetts joins "The Takeout" with her reaction.
Details on DOJ investigation into Powell
The Trump administration's Justice Department has opened a criminal inquiry into Federal Reserve Chairman Jerome Powell and whether he lied to Congress about the renovation of the Fed's headquarters. CBS News justice correspondent Scott MacFarlane reports.
Congress reacts to investigation into Powell
Lawmakers are sharing their thoughts after the Justice Department launched an investigation into Fed Chair Jerome Powell and issuing subpoenas against the Federal Reserve. CBS News congressional correspondent Nikole Killion has more.
Latest on DOJ probe into Jerome Powell
Fed Chair Jerome Powell said Sunday that the Justice Department was investigating him over his testimony on the Federal Reserve's building construction. CBS News legal contributor Jessica Levinson breaks it down.
Legal analysis of Jerome Powell probe
The Federal Reserve has received grand jury subpoenas from the Justice Department over a criminal investigation into its chair, Jerome Powell, Powell said in a video posted Sunday. CBS News legal contributor Jessica Levinson breaks down what it all means.
Latest details on Powell investigation
Federal Reserve Chair Jerome Powell says the Justice Department is threatening a criminal indictment over his testimony on the Federal Reserve building's renovation. CBS News' Scott MacFarlane has the latest details.
More on potential DOJ probe into Powell
Federal Reserve Chair Jerome Powell announced Sunday that he's being investigated by the Justice Department over his testimony on renovations to the Federal Reserve building in Washington, D.C. CBS News' Katrina Kaufman and Nancy Cordes have the latest.
Markets react to Powell DOJ investigation
White House National Economic Council Director Kevin Hassett is weighing in on a potential Justice Department probe into Federal Reserve Chair Jerome Powell. CBS News contributor Javier E. David has more on how the markets are reacting.
Jerome Powell posts unprecedented video
Federal Reserve Chair Jerome Powell released a video announcing a Justice Department investigation apparently targeting him. CBS News' Scott MacFarlane has more.
Federal Reserve's Powell on DOJ probe
Federal Reserve Chair Jerome Powell says the Justice Department is investigating him over his testimony before the Senate Banking Committee regarding renovations at the Fed's D.C. headquarters. CBS News' Natalie Brand 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.
Trump again floats firing Fed Chair Powell
At a news conference on Monday, President Trump again stated his desire to fire Federal Reserve Chair Jerome Powell, whose term expires in May. While some contenders to replace him have been floated, the president has made clear he wants whoever the next head of the central bank is to continue cutting interest rates. Business reporter Erin Delmore joins with analysis.
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.
Trump preparing to install new Fed chair
The Federal Reserve announced Wednesday it's cutting its benchmark interest rate by 0.25 percentage points. The move comes as President Trump prepares to install a replacement for Fed Chair Jerome Powell. CBS News White House reporter Olivia Rinaldi has more.
Fed cuts interest rates by 0.25 percentage points
The Federal Reserve cut its benchmark interest rate by 0.25 percentage points Wednesday, bringing the federal funds rate to its lowest level in more than three years. CBS News' Kelly O'Grady and Olivia Rinaldi have more.
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.
Nancy Guthrie's children tell possible abductor: "Please, reach out to us"
Savannah Guthrie said she and her family were aware of reports of a ransom note and that they are "ready to talk."
With latest Minnesota fraud case looming, lead prosecutors have quit
The four prosecutors who spearheaded a $250 million Minnesota fraud case have all left the U.S. Attorney's Office in a growing wave of resignations.
Trump says the lesson from Minneapolis is to use a "softer touch" in immigration enforcement
President Trump told NBC News the call to remove 700 immigration officers from Minneapolis came from him.
ICE can't make warrantless arrests in Oregon unless there's risk of escape, judge rules
A judge says U.S. immigration agents in Oregon must stop arresting people without warrants unless they are likely to escape.
No suspect identified in disappearance of Savannah Guthrie's mom
The disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie, is being investigated as a crime.
Minnesota corrections officials dispute accusations from feds
Immigration authorities say they're targeting the "worst of the worst," but they haven't asked to take custody of over 100 non-citizens in Minnesota's prison system.
ICE lawyer in Minnesota tells judge "this job sucks"
A government lawyer who told a judge that her job "sucks" during a court hearing stemming from the Trump administration's immigration enforcement surge in Minnesota has been removed from her Justice Department post.
Supreme Court lets California use new congressional map in midterms
The Supreme Court declined to block California's new congressional map that could net Democrats five seats in the upcoming midterm elections.
Family friend calls Nancy Guthrie's disappearance "heart-wrenching"
"Nancy and Savannah have both contributed so much to the Tucson community," Sally Shamrell, the Guthries' family friend of over 30 years, told CBS News.
U.S.
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2026 Winter Olympics: Athletes, events and milestones by the numbers
The 2026 Winter Olympics are bringing thousands of athletes from around the world together for more than two weeks of competition — and the Games are a gold mine for statistics.
2 killed in police helicopter crash at active shooting scene in Arizona
A police helicopter crashed near the scene of what authorities in Flagstaff, Arizona called "an active officer-involved shooting investigation," according to police in Page, Arizona.
Sixth person arrested in connection with shooting of judge, wife in Indiana
Police have accused members of a motorcycle club and a street gang of targeting the judge.
LaMonte McLemore, singer and founding member of The 5th Dimension, dies at 90
The 5th Dimension had broad crossover success and won six Grammy Awards, including record of the year twice.
ICE can't make warrantless arrests in Oregon unless there's risk of escape, judge rules
A judge says U.S. immigration agents in Oregon must stop arresting people without warrants unless they are likely to escape.
MoneyWatch
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EEOC investigating Nike over alleged discrimination against White workers
The U.S. Equal Employment Opportunity Commission said Nike may have engaged in "a pattern or practice of disparate treatment against White employees."
Millions of Americans face higher utility bills after rate hike approvals
Over 50 million Americans will face higher utility costs as a result of rate hikes approved in 2025, according to PowerLines.
Pinterest fired 2 engineers who built an internal layoff tracker
Pinterest says two engineers lost their jobs after writing custom scripts to identify employees who were cut in a recent round of layoffs.
Washington Post begins sweeping layoffs as it scales back news coverage
Former WaPo executive editor Martin Baron told CBS News the paper's coverage will be "dramatically diminished" because of the job cuts.
China banning hidden car door handles starting in 2027 due to safety concerns
China will ban hidden door handles on cars, commonly used on Tesla's electric vehicles and many other EV models, starting next year, due to safety concerns.
Politics
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Trump to give Medal of Honor to pilot who secretly faced off with Soviet jets
President Trump is awarding the Medal of Honor to a pilot whose faceoff with Soviet fighter jets remained secret for a half-century and a soldier who died in Afghanistan while shielding somebody from a suicide bomber.
ICE can't make warrantless arrests in Oregon unless there's risk of escape, judge rules
A judge says U.S. immigration agents in Oregon must stop arresting people without warrants unless they are likely to escape.
Colorado Dems demand answers on ICE "death cards," alleged fake traffic stops
Some Democratic Colorado lawmakers are demanding answers after reports that "death cards" were left in the vehicles of people detained by Immigration and Customs Enforcement, and over claims that immigration agents used fake traffic stops to detain them.
With latest Minnesota fraud case looming, lead prosecutors have quit
The four prosecutors who spearheaded a $250 million Minnesota fraud case have all left the U.S. Attorney's Office in a growing wave of resignations.
Trump says the lesson from Minneapolis is to use a "softer touch" in immigration enforcement
President Trump told NBC News the call to remove 700 immigration officers from Minneapolis came from him.
HealthWatch
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Officials warn against drinking raw milk after baby dies from listeria
The New Mexico Department of Health said officials believe the baby contracted listeria after their mother drank raw milk during pregnancy.
5 ways to find affordable care without health insurance
Many Americans are expected to lose ACA or Medicaid coverage in the coming months and years, but doctors and researchers say there are still ways to find affordable care.
When health insurance costs more than the mortgage
As health care costs skyrocket and federal lawmakers pull back help on ACA insurance premiums, more middle-income families are facing tough choices on health care.
Extended Interview: Mel Robbins
In this web exclusive, author and podcaster Mel Robbins talks with Norah O'Donnell about "The Let Them Theory."
Book excerpt: "The Let Them Theory" by Mel Robbins
In her latest bestseller, the motivational speaker discusses how personal growth is only possible when you stop pouring energy into things you cannot control – which includes changing other people.
World
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2026 Winter Olympics: Athletes, events and milestones by the numbers
The 2026 Winter Olympics are bringing thousands of athletes from around the world together for more than two weeks of competition — and the Games are a gold mine for statistics.
Comedian gets 6 years in Russian prison over joke about war veteran
"I hope no one ever finds themselves in the same situation of brutal legal abuse that I did," Artemy Ostaninsaid in his final statement in court.
Poland probing whether Epstein's "satanic circle" trafficked Polish girls
Polish leader Donald Tusk says his country will pore over the files for any evidence that Epstein's network trafficked women or girls from the country.
U.K. police investigating former ambassador to U.S. over Epstein ties
The Epstein files have yielded a police investigation, as former U.K. Ambassador to the U.S. Peter Mandelson is accused of sharing state secrets.
Cold and doubt in Ukraine as 2nd round of talks with Russia kick off
U.S., Russian and Ukrainian negotiators are back around a table for a second round of technical talks, but in Kyiv, Russian bombs bring suffering and skepticism.
Entertainment
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LaMonte McLemore, singer and founding member of The 5th Dimension, dies at 90
The 5th Dimension had broad crossover success and won six Grammy Awards, including record of the year twice.
Ron Funches opens up about autism diagnosis
Actor and comedian Ron Funches talks to "CBS Mornings" about appearing on the reality show "The Traitors," how it led to his autism diagnosis and opening up to others about it.
2026 Super Bowl ads to look out for
Super Bowl advertisements are already making waves as companies seek a big win during the NFL's final football game of the season. Jeanine Poggi, the editor-in-chief at Ad Age, joins CBS News with more.
Susan Lucci on life after soap opera stardome
For decades, Susan Lucci starred in "All My Children." She speaks to "CBS Mornings" about her second memoir, which dives into her life after the soap opera series, the death of her husband and the resilience she found along the way.
Ransom note being investigated in Nancy Guthrie's disappearance, sheriff says
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Technology
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Technology
Tesla, Waymo leaders defend product safety
Executives from Waymo and Tesla defended their self-driving vehicle technology in testimony before the Senate Commerce Committee on Wednesday. CBS News' Kris Van Cleave reports and Ian Krietzberg, an AI correspondent at the digital media company Puck, has more.
iPhone flip to reportedly launch
Apple is reportedly getting ready to launch its first foldable phone. Plus, OpenAI announced it is retiring its older ChatGPT-4o. Mashable tech editor Tim Werth 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.
Tesla, Waymo execs defend self-driving cars before Senate committee
"Right now we have the Wild West. I want to see some rules of the road," said Democratic Sen. Richard Blumenthal.
Pinterest fired 2 engineers who built an internal layoff tracker
Pinterest says two engineers lost their jobs after writing custom scripts to identify employees who were cut in a recent round of layoffs.
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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2 killed in police helicopter crash at active shooting scene in Arizona
A police helicopter crashed near the scene of what authorities in Flagstaff, Arizona called "an active officer-involved shooting investigation," according to police in Page, Arizona.
Nancy Guthrie's children tell possible abductor: "Please, reach out to us"
Savannah Guthrie said she and her family were aware of reports of a ransom note and that they are "ready to talk."
No suspect in Guthrie disappearance: police
The Pima County Sheriff's Department said Wednesday that investigators have not identified a suspect or person of interest in the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy. CBS News' Andres Gutierrez and Anna Schecter have more.
Latest on possible ransom note in Guthrie case
Investigators are analyzing and trying to determine the authenticity of a possible ransom note as the search continues for Nancy Guthrie, the mother of "Today" show host Savannah Guthrie. CBS News' Andres Gutierrez and Anna Schecter have more.
National Guard shooting suspect in court
Rahmanullah Lakanwal, the man accused of shooting two National Guard members in Washington, D.C., last November, pleaded not guilty Wednesday to federal charges. CBS News correspondent Shanelle Kaul has more.
Space
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Space
What led NASA to delay Artemis II launch
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA hopes to fix Artemis II moon rocket leak with on-pad repair
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delays Artemis II launch
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
NASA begins mission to map the boundaries of our heliosphere
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
NASA moon launch off until March due to issues during tests
NASA says it can't try until March at the earliest to send a crewed spacecraft on a flight around the moon and back, due to hydrogen leaks during testing of the Artemis II 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.
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
Full interview: Radosław Sikorski
CBS News' Olivia Gazis speaks with Deputy Prime Minister Radosław Sikorski of Poland about President Trump's push for Greenland, NATO and the relationship between Poland and the U.S.
Still no suspect in Nancy Guthrie's disappearance
Investigators in the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie, still haven't identified a suspect or person of interest in the Arizona case. Jonathan Vigliotti has the latest.
Savannah Guthrie posts plea for mom's return
"Today" show host Savannah Guthrie posted a video on Wednesday night pleading for her mother Nancy's return. Nancy Guthrie was reported missing Sunday and authorities believe she was abducted.
Doberman gets moment of redemption at Westminster
History was made at the 150th Westminster Dog Show after a doberman pinscher named Penny was awarded the top prize. Tony Dokoupil has more.
NATO allies practice hunting for Russian subs
In Europe's high north, America's NATO allies are practicing hunting for Russian submarines, with Norway, Spain, Germany and others participating in a military exercise called Arctic Dolphin. Holly Williams got an up close look.