Yellen: Federal spending could drive a rise in interest rates
The Treasury secretary's remarks come as the president is pushing two proposals totaling $4 trillion.
Jerome Powell
Bipartisan meeting set on infrastructure plan
President Biden and Vice President Harris are expected to meet with a small group of bipartisan lawmakers Monday at the White House to discuss the $2.3 trillion infrastructure proposal. Republicans have raised concerns over the size and cost of the package, while some Democrats say it needs to be even bigger. CBS News chief White House correspondent Nancy Cordes joins CBSN AM with the latest.
U.S. deficit hits $1.7 trillion over last six months
The latest monthly Treasury report says the country spent nearly $660 billion more than it took in during March alone.
Fed Chair on money market funds
Jerome Powell said money market funds need to be "resilient enough" to handle future liquidity shocks, and without federal assistance.
ICYMI: A look back at Sunday's 60 Minutes
Fed Chair Jerome Powell tells 60 Minutes America is going back to work; Pentagon programs hope to make COVID-19 the last pandemic ever; And, what's hidden in Prince's vault of unreleased music?
Fed Chair Jerome Powell: America is going back to work
Federal Reserve Chairman Jerome Powell gives his thoughts on how the economy is rebounding from the COVID-19 pandemic. Scott Pelley reports.
Fed Chair on federal budget
When asked if continued spending on infrastructure and COVID-19 relief could set off inflation, Jerome Powell said he doesn't "see that now" and the economy needs to fully recover before spending levels "return to a sustainable path."
Fed Chair on Archegos collapse
The Chairman of the Federal Reserve said the fallout from the collapse of Archegos Capital, its investments included ViacomCBS, was the result of a "risk management breakdown" and the Fed will take a closer look "to make sure it never happens again."
Fed Chair on U.S. digital dollar
Jerome Powell said a potential U.S. digital dollar is being evaluated by the Federal Reserve, and it would require careful consideration before being introduced. When asked if the rise of cryptocurrencies was a motivation, he said they are not "concerning at this point."
Fed discussed how bad it would get
With COVID-19 wreaking havoc on the U.S. economy a year ago, Jerome Powell and his advisors at the Fed considered the possibility of a Great Depression scenario.
Jerome Powell: Full 2021 60 Minutes interview transcript
The complete text of Scott Pelley's interview with the Federal Reserve chairman.
Fed Chair Jerome Powell on Archegos collapse
In a conversation with Scott Pelley about the economic outlook, Powell also commented on the fallout from the Archegos Capital collapse, last year's bailout of money market funds, and the potential development of a U.S. digital dollar.
Jerome Powell: The 2021 60 Minutes Interview
Federal Reserve Chairman Jerome Powell gives his thoughts on how the economy is rebounding from the COVID-19 pandemic. Scott Pelley reports.
Fed chair says economy set to make turnaround
Powell spoke with Scott Pelley Wednesday for a report airing tonight on 60 Minutes.
Fed Chair Jerome Powell says economy set to make turnaround
Powell spoke with Scott Pelley Wednesday for a report airing tonight on 60 Minutes.
Jerome Powell: Vaccination key to global economic recovery
Powell called global vaccination efforts "not only the right thing to do, it's also the smart thing to do."
Powell and Yellen address economic recovery
Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen said Tuesday that the U.S. avoided a major economic crisis thanks to two stimulus packages in 2020 and 2021. CBS News reporter Sarah Ewall-Wice joins CBSN's Elaine Quijano to discuss what was covered during the first part of the two-day hearing.
Treasury chief says full employment is on the horizon
"The Biden administration is not going to propose policies that hurt small businesses or Americans," said Treasury Department chief Janet Yellen.
Fed chief Powell says economic recovery is "far from complete"
Federal Reserve Chair signals he is in no hurry to hike interest rates, citing "great hardship" caused by COVID-19.
12/1: Red and Blue
AG Barr: No evidence of widespread voter fraud; Rallying voters for Georgia's Senate runoffs
State of COVID economic relief negotiations
House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer said they support a new bipartisan $908 billion COVID-19 economic relief proposal as a baseline for negotiations. It includes money for small businesses, unemployment insurance, and local governments. Neil Bradley, executive vice president and chief policy officer of the U.S. Chamber of Commerce, joined "CBSN AM" to discuss.
Fed and Treasury urge Congress to act now on virus relief
Without immediate assistance, Americans will lose their homes and small businesses will fail, Fed chair warns.
Will Congress extend COVID-19 aid?
As Congress returns from recess, Democrats and Republicans remain far apart on a new COVID-19 relief package. Many federal aid programs are set to expire at the end of December. CBS News chief congressional correspondent Nancy Cordes joined "CBSN AM" with the latest.
Bipartisan senators work on COVID-19 relief
A bipartisan group of senators is working on a new COVID-19 relief package, as key assistance programs are set to expire at the end of the month. CBS News chief congressional correspondent Nancy Cordes joined CBSN with the latest.
Fed Chair Jerome Powell calls for more economic stimulus
Another round of relief is needed to help contain the coronavirus and boost people's savings.
U.S.
More U.S.
Ross Fire still burning, with over 90,000 acres scorched
The wildfire, which has torn through Palo Pinto and Jack counties, has forced evacuations, closed roads and disrupted schools.
Exclusive
9/11 memorial service should be about remembrance, not politics, Mamdani says
This year's 9/11 memorial service will be Zohran Mamdani's first as mayor of New York City.
American automakers urge Congress to ban Chinese vehicle sales in U.S.
Chinese cars can collect and send consumer and vehicle data to Beijing, U.S. automaker group warns in calling for a ban on sales.
DOJ asks Supreme Court to allow Postal Service rules on mail ballots
The Justice Department asked the Supreme Court to intervene in an ongoing legal battle over U.S. Postal Service rules for mail ballots just weeks before the November midterm elections.
Missouri House candidate accused of conspiring to plant cocaine on opponent
Thomas Ross allegedly tried to get his campaign manager to plant cocaine and Adderall on his opponent, federal prosecutors in Missouri said.
MoneyWatch
More MoneyWatch
American automakers urge Congress to ban Chinese vehicle sales in U.S.
Chinese cars can collect and send consumer and vehicle data to Beijing, U.S. automaker group warns in calling for a ban on sales.
Gas prices surge just before Labor Day, as diesel nears record high
"Diesel is just a couple of ticks away from hitting a new record," one energy expert said. "That will happen."
The Social Security Administration overpaid her. Now she owes $35,000.
The agency told a woman that she has 30 days to pay it back. Otherwise, it would cut her benefits by 50% while it collects what it overpaid.
Chocolate eyeball candy sold at Marshalls, TJ Maxx recalled
The recalled candy, sold under the brand "Crystal Temptations," was distributed in 13 states.
U.S. layoffs in August fell to their lowest level in 4 years
Job cuts around the U.S. have declined this year even amid signs that hiring is weakening.
Politics
More Politics
Work on Trump-backed Triumphal Arch will start in coming weeks
The federal government plans to start excavation over the next two weeks on a massive triumphal arch near Washington, D.C., Secretary of the Interior Doug Burgum said, a controversial project championed by President Trump.
DOJ asks Supreme Court to allow Postal Service rules on mail ballots
The Justice Department asked the Supreme Court to intervene in an ongoing legal battle over U.S. Postal Service rules for mail ballots just weeks before the November midterm elections.
Missouri House candidate accused of conspiring to plant cocaine on opponent
Thomas Ross allegedly tried to get his campaign manager to plant cocaine and Adderall on his opponent, federal prosecutors in Missouri said.
Election officials raise alarm over mail voting rules: "Virtually impossible"
One official in California said that scanning individual ballots for every voter in the state would take roughly 43 years based on the Postal Service's estimates.
DOJ reviving dormant prize law to try to claim Iranian oil tankers
The Justice Department is planning to try to use a legal regime last used during the Spanish-American War to speed up the seizure of ships and their cargo during the Iran conflict.
HealthWatch
More HealthWatch
Clancy trial highlights need to rethink postpartum care: "The duty is on the system"
Lindsay Clancy's case is resonating with moms across the U.S. — bringing into focus the spectrum of perinatal mood and anxiety disorders and the lack of resources for many women.
What's true and false about infertility? We asked a fertility specialist.
Dr. Temeka Zore, a double board-certified OB-GYN and fertility specialist, joined "Healthful" for a deep dive on all things fertility, from endometriosis to PMOS (formerly known as PCOS) to egg freezing.
The market forces quietly adding thousands to patient bills
The true cost of "vertical integration": Patients directed to a higher-priced location for procedures. Or forced to buy from their insurer's wholly owned pharmacy, which may not stock the drug prescribed or provide it at the lowest price.
Trump inks deal with 9 pharmaceutical companies to lower drug costs
The White House said the agreements will reduce costs to treat Parkinson's disease, macular degeneration, glaucoma, liver disease and other illnesses.
Man with sinus infection symptoms diagnosed with heart condition
Marc Gaudisosi thought his symptoms were caused by a sinus infection. Then an urgent care told him to go to the hospital.
World
More World
DOJ reviving dormant prize law to try to claim Iranian oil tankers
The Justice Department is planning to try to use a legal regime last used during the Spanish-American War to speed up the seizure of ships and their cargo during the Iran conflict.
"Supersized" El Niño's harshest weather ahead includes heat, drought, floods
A new forecast predicts with almost 100% certainty that El Niño will remain in place until early 2027, peaking later this year.
U.S. sinks second "floating refueling station" used by alleged drug traffickers
The U.S. military intercepted and sank a vessel that was allegedly being used to support at-sea drug trafficking by the Ecuadorian criminal organization Los Choneros, officials said.
Maduro, wife seek dismissal of drug trafficking indictment on immunity grounds
Former Venezuelan President Nicolás Maduro and his wife asked a judge to toss their drug trafficking indictment on the grounds that they have immunity as the leader and first lady of a foreign country.
Exclusive
Military personnel told last month to stop calling Iran conflict "Operation Epic Fury"
The Pentagon says "Operation Epic Fury" ended on May 5, after an Air Force email last month told service members to stop using the name for ongoing Iran operations.
Entertainment
More Entertainment
Entertainment
KIND Snacks founder on his new podcast
"Shark Tank" judge and KIND Snacks founder Daniel Lubetzky joins "CBS Mornings" to discuss his new podcast, "Build or Break," where he sits down with fellow entrepreneurs and industry disruptors.
Gloria Steinem dies at 92
Gloria Steinem, a feminist icon and a pioneer in the women's liberation movement, has died at 92. CBS News' Jarred Hill looks back at her historic career.
Adria Arjona talks career, "Onslaught" role
Adria Arjona sits down with "CBS Mornings" to discuss her new movie, "Onslaught," and working with Michael B. Jordan on "The Thomas Crown Affair."
Artists sue AI-generated music company
Jason Isbell, Guy Forsyth and other musicians filed a class action lawsuit against Suno, claiming the AI platform used their music to train its model without permission. Jo Ling Kent has more.
Danielle Brooks on "If I Go Will They Miss Me"
Danielle Brooks sits down with "CBS Mornings" to talk about her new movie, "If I Go Will They Miss Me," and how being a mother and wife helped her in portraying the role.
Technology
More Technology
Technology
Testing London's first self-driving taxis
The first self-driving taxis have launched in London. Uber has 15 vehicles operating in the city with a required supervisor in the car. CBS News' Leigh Kiniry took an autonomous ride with Wayve co-founder and CEO Alex Kendall, whose AI technology is powering the robotaxis in London's iconic Westminster.
Why NYC is banning AI in some classes
New York City Public Schools is banning the use of artificial intelligence in most classrooms for the next year. New York City Councilman Eric Dinowitz joins with more.
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.
Exclusive
AI interviews rolling out for some federal government hires, sources say
The federal government will shift into using artificial intelligence in the interview process for some job applicants in the coming days, according to U.S. officials.
Hack exposes millions of ID scans on dark web
The FBI is investigating a recent hack that put more than 150 million U.S. and Canadian driver's license scans for sale online. Chris Krebs, former director of the Cybersecurity and Infrastructure Security Agency joins with more.
Science
More Science
Science
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.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Crime
More Crime
Crime
Clancy lawyer: Juror won't "listen to the law"
Late Thursday afternoon, the foreperson in the Lindsay Clancy murder trial sent out a question, saying that a lone juror is refusing to follow the judge's instructions regarding the burden of proof. Deliberations are set to resume on Friday. CBS News' Shanelle Kaul and Caroline Polisi have more.
Officials lay out Minneapolis shooting timeline
A gunman killed two people in downtown Minneapolis on Wednesday in a shooting that also injured five others. CBS News correspondent Jonah Kaplan reports.
No verdict on Day 6 of Clancy deliberations
The sixth day of jury deliberations in the Lindsay Clancy murder trial ended without a verdict after several tense moments in court. CBS News' Jessica Levinson and Shanelle Kaul have the latest.
Missouri House candidate accused of conspiring to plant cocaine on opponent
Thomas Ross allegedly tried to get his campaign manager to plant cocaine and Adderall on his opponent, federal prosecutors in Missouri said.
Clancy lawyer asks for juror to be removed
Lindsay Clancy's defense on Thursday asked for a juror to be removed as deliberations continued for a sixth day. CBS News' Shanelle Kaul and Jessica Levinson have more.
Space
More Space
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
More Latest Galleries
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
More Latest CBS News Videos
Latest CBS News Videos
From 2006: Gloria Steinem on the continuing fight for equality
Gloria Steinem, a trailblazing figure in the women's liberation movement, died on Sept. 2, 2026 at age 92. In this Jan. 22, 2006 "Sunday Morning" profile, Steinem talked with correspondent Erin Moriarty about the progress made toward gender equality since the founding of Ms. Magazine, and of the work still to be done.
The miracle of the Pentagon
When a 757 hit the Pentagon on 9/11, it miraculously struck the only section of the Pentagon renovated to resist a terrorist attack. Hundreds were able to safely evacuate.
Walkinshaw on what USPS whistleblower told panel
A whistleblower at the U.S. Postal Service is warning that a new mail-in voting system could create major problems and prevent millions of Americans from receiving their ballots. Democratic Rep. James Walkinshaw of Virginia, who sits on the House committee the whistleblower contacted, joins "The Takeout" to discuss.
Pentagon: Military must stop using "Epic Fury"
CBS News has obtained an email showing that the Pentagon told personnel in July to stop calling the war in Iran "Operation Epic Fury." The Pentagon says the operation officially ended May 5. Former Trump national security adviser H. R. McMaster joins with analysis.
What Vance said about Driscoll's departure
Vice President JD Vance on Thursday held the first briefing at the White House since Karoline Leavitt left as press secretary, where CBS News senior White House correspondent Weijia Jiang asked him about the departure of the now-former Army Secretary Dan Driscoll. Jiang joins "The Takeout" with more.