Foreign central bank chiefs voice "full solidarity with" Fed chief Powell
The heads of 10 central banks and other financial institutions say it's "critical to preserve" the Fed's independence, as Powell is pressured by the Trump administration.
Jerome Powell
Lawmakers on DOJ probing Jerome Powell
Lawmakers on both sides of the aisle are reacting to the news of the Justice Department investigating Federal Reserve Chair Jerome Powell. CBS News' Natalie Brand reports.
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.
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.
Live
Iran's supreme leader gives first statement as oil prices go up, markets down
Iran's relentless attacks on Gulf states and infrastructure appear to be overshadowing interventions by the U.S. and its allies aimed at easing energy prices.
Senate to vote again on funding DHS as tempers flare over impasse
The Senate will vote again on a measure to fund the Department of Homeland Security as an impasse over how to reform immigration enforcement agencies has grown ugly, nearly a month into a partial shutdown.
Massive emergency oil release fails to stem investor fears
Attacks on shipping traffic and energy infrastructure in the Persian Gulf temporarily pushed oil back above $100 a barrel, stoking investor fears.
Clyburn, 85-year-old South Carolina Democrat, running for reelection
Democratic Rep. Jim Clyburn of South Carolina announced Thursday he will seek an 18th term in Congress.
Trump administration takes steps to impose new tariffs
The Supreme Court ruled in February that the president lacks the authority to impose unilateral tariffs using an emergency powers law.
Exclusive
U.S. imposes sanctions over North Korean scheme to fund weapons program
The U.S. Treasury Department on Thursday sanctioned six individuals and two companies accused of aiding North Korea in running a global scheme using remote IT workers to fund their weapons program.
Iran won't surrender "in a million years," analyst says
The U.S. and Israel had a "flawed assumption" that the death of Supreme Leader Ayatollah Ali Khamenei would lead to the collapse of the regime, said an expert on the region.
Officer took ambulance sent for man dying from police shooting, report says
The report raised questions about what took place after the shooting, which left Dyshan Best bleeding with fatal injuries.
First week of Iran war cost U.S. over $11 billion, military told lawmakers
The first week of the U.S.'s war with Iran cost around $11.3 billion, military officials told members of Congress in a briefing this week, according to sources familiar with the meeting.
U.S.
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Dad of 3 felt forced to quit TSA job amid shutdown: "Family has to come first"
More than 300 TSA officers have quit since the partial government shutdown began last month, according to agency statistics obtained by CBS News.
Retired Air Force major general still missing after vanishing in New Mexico
William "Neil" McCasland was last seen at his home in Albuquerque on Feb. 27, investigators said. They have not found evidence of foul play.
Clyburn, 85-year-old South Carolina Democrat, running for reelection
Democratic Rep. Jim Clyburn of South Carolina announced Thursday he will seek an 18th term in Congress.
Massive emergency oil release fails to stem investor fears
Attacks on shipping traffic and energy infrastructure in the Persian Gulf temporarily pushed oil back above $100 a barrel, stoking investor fears.
As pennies begin to disappear, states grappling with "rounding" problem
As pennies begin to disappear, states are grappling with a "rounding" problem for cash purchases that would have included them in the past.
MoneyWatch
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Massive emergency oil release fails to stem investor fears
Attacks on shipping traffic and energy infrastructure in the Persian Gulf temporarily pushed oil back above $100 a barrel, stoking investor fears.
As pennies begin to disappear, states grappling with "rounding" problem
As pennies begin to disappear, states are grappling with a "rounding" problem for cash purchases that would have included them in the past.
Will Iran war-linked leap in gas prices boost EV sales?
Whether the Iran war-linked leap in the price of gas will give a shot in the arm to EV sales will depend on a variety of factors, experts say, so the answer isn't clear-cut.
Trump releasing 172 million barrels of oil from reserve as prices soar
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
FTC to refund more than $47 million to consumers allegedly deceived by Invitation Homes
A 2024 government lawsuit accused Invitation Homes of deceiving renters about lease costs, charging undisclosed junk fees and other unlawful practices.
Politics
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Dad of 3 felt forced to quit TSA job amid shutdown: "Family has to come first"
More than 300 TSA officers have quit since the partial government shutdown began last month, according to agency statistics obtained by CBS News.
Clyburn, 85-year-old South Carolina Democrat, running for reelection
Democratic Rep. Jim Clyburn of South Carolina announced Thursday he will seek an 18th term in Congress.
Exclusive
U.S. imposes sanctions over North Korean scheme to fund weapons program
The U.S. Treasury Department on Thursday sanctioned six individuals and two companies accused of aiding North Korea in running a global scheme using remote IT workers to fund their weapons program.
First week of Iran war cost U.S. over $11 billion, military told lawmakers
The first week of the U.S.'s war with Iran cost around $11.3 billion, military officials told members of Congress in a briefing this week, according to sources familiar with the meeting.
Senate to vote again on funding DHS as tempers flare over impasse
The Senate will vote again on a measure to fund the Department of Homeland Security as an impasse over how to reform immigration enforcement agencies has grown ugly, nearly a month into a partial shutdown.
HealthWatch
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Disease once linked to mining hits workers in countertops industry
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
"I was fighting to survive": Patients still struggle with preauthorization hurdles
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
Investigation
There's one building in LA with 89 registered hospices: "Ground zero" for fraud?
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
Raw oysters and clams recalled in 9 states over norovirus risks
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
More kids are in ERs for tooth pain. Budget cuts and fluoride fights aren't helping.
Dentists, hygienists, and researchers say a shortage of rural dental care professionals and worsening oral hygiene since the COVID-19 pandemic mean more kids are ending up in the emergency room for tooth decay.
World
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Paralympian Oksana Masters "on top of the world" after winning 22nd medal
Oksana Masters said she was shocked to win her 22nd Paralympic Medal in Milan.
Giant underground pipe mysteriously rises over 30 feet in Japan
The pipe, with a diameter of 11.5 feet, towered as high as 42 feet at one point, according to the Osaka construction department.
Strike in Strait of Hormuz may be message to U.S., analyst says
The strike appears to have come without warning, and shows that Iran and its proxies can target ships even without mining the Strait of Hormuz.
Exclusive
U.S. imposes sanctions over North Korean scheme to fund weapons program
The U.S. Treasury Department on Thursday sanctioned six individuals and two companies accused of aiding North Korea in running a global scheme using remote IT workers to fund their weapons program.
19 convicted over deadly Moscow concert hall attack claimed by ISIS
The rampage at a Moscow concert hall killed 149 people and wounded over 600 in one of the deadliest attacks in the capital in years.
Entertainment
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Entertainment
John Grisham on his first-ever spy novel
John Grisham, who has written 52 bestsellers, reveals the name of his new novel on "CBS Mornings" and talks about how writing about espionage compares to his legal thrillers.
Spoiler alert! Latest "Survivor elimination
The fourth contestant eliminated from "Survivor: In the Hands of the Fans" joins "CBS Mornings" to discuss being voted off and playing the game again.
Misty Copeland on Timothée Chalamet comments
Misty Copeland, the first Black female principal dancer for the American Ballet Theater, said Timothée Chalamet "wouldn't be an actor and have the opportunities he has as a movie star if it weren't for opera and ballet and their relevance in that medium." Her response comes after Chalamet's comments on ballet and opera sparked backlash.
Oscars 2026: Behind the scenes with the best supporting actor nominees
Watch scenes from the performances nominated for best supporting actor at the 98th annual Academy Awards, as well as interviews with the nominees.
"Sinners" cinematographer on crafting scenes
Oscar-nominated "Sinners" cinematographer Autumn Durald Arkapaw watches scenes from the film with Anthony Mason and breaks down how some of its most memorable moments were created. She also shares how her collaboration with director Ryan Coogler helped define the film's look.
Technology
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Technology
Memory chip shortage could raise tech prices
An explosion in artificial intelligence data centers and cloud computing is shrinking the supply of memory chips, which is having a major impact on the price consumers pay for everyday tech. CNET editor-in-chief David Katzmaier joins CBS News to discuss.
What is XMoney, Elon Musk's new digital payments platform?
Elon Musk said his long-planned payments platform, dubbed XMoney, is set to launch for select users. Here's what to know.
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.
How Hollywood is grappling with AI
AI-generated artist Tilly Norwood and the company behind her released a new music video speaking directly to her critics. As AI evolves, Hollywood faces questions over legal protections, copyright infringement and human labor. Jo Ling Kent reports.
Details on Pentagon removal of Claude
CBS News exclusively obtained a Pentagon memo from earlier this month that went out to several senior defense leaders and commanders. It ordered the removal of Anthropic's AI technology from key national systems. Jo Ling Kent reports.
Science
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Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Crime
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Crime
Cops on potential bomb near Mamdani's home
NYPD Chief Aaron Edwards and Sgt. Luis Navarro are being lauded for their actions during a tense encounter outside Gracie Mansion involving a potential explosive device. CBS News' Jericka Duncan has more.
NYPD cop who chased down bomb suspect had just one thought: "Catch the bad guy"
NYPD Chief Aaron Edwards hopped a metal barrier to chase down a suspect accused of throwing IEDs during clashing protests outside Gracie Mansion.
Officials downplay risk of attacks off West Coast
Officials are downplaying the risk of Iranian drone attacks against California after an FBI memo said the regime "allegedly aspired" to target the Golden State. CBS News homeland security correspondent Nicole Sganga reports. Then, former FBI Special Agent Jeff Harp joins with analysis.
NYPD officers on response to terror incident
A picture of an NYPD chief responding to the terror incident outside Mayor Zohran Mamdani's residence last week has gone viral. CBS News' Anna Schecter has more about what happened that day.
New details in Georgia teacher's death
The family of a Georgia student charged in what investigators describe as a prank gone horribly wrong says they are grieving the tremendous loss to the community. CBS News correspondent Elaine Quijano has the latest.
Space
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Space
1,300-pound NASA satellite to crash on Earth
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
1,300-pound NASA satellite re-enters Earth's atmosphere after 14 years in space
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
How NASA plans to get astronauts on the moon
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
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
Tension in Congress over stalled legislation
President Trump is still pushing for Congress to pass the SAVE America Act, which could affect millions of American registered voters. Also, lawmakers are still at odds over funding for the Department of Homeland Security. CBS News' Taurean Small reports.
Officials downplay memo on Iranian attacks
An FBI memo that emerged warning of potential Iranian attacks in California is adding to the rising tensions over the war in the Middle East. CBS News' Nicole Sganga reports.
John Grisham on his first-ever spy novel
John Grisham, who has written 52 bestsellers, reveals the name of his new novel on "CBS Mornings" and talks about how writing about espionage compares to his legal thrillers.
Recent cyberattack impact on Iran war
Hackers with ties to Iran have claimed responsibility for a cyberattack at Stryker, a medical device company based in the U.S. Stryker says the attack disrupted global Microsoft networks, but it believes the situation is "contained." CBS News contributor Chris Krebs explains what the attack could mean about escalation in the Iran war and how the partial government shutdown is making an impact.
Key details on Day 13 of Iran war
Iran attacked multiple Persian Gulf states overnight and targeted ships in the region as oil prices continue to spike. CBS News' Ramy Inocencio and Aaron Navarro report.