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.
Judge blocks Trump's ban on CNN, MS NOW and Politico's White House access for now
A federal judge temporarily blocked the Trump administration from barring the outlets from the White House and said their journalists' press credentials must be restored.
Trump rolls out the red carpet for Xi despite U.S.-China tensions
It's not clear what specific goals President Trump wants to accomplish in his meeting with the Chinese leader.
Navy reports 8 suicide attempts on carrier group that faced monthslong deployment
There have been eight suicide attempts across the USS Abraham Lincoln carrier strike group since the beginning of its grueling monthslong deployment last year, Acting Navy Secretary Hung Cao said.
Live
Iran's president calls U.S. attacks "cowardly" as Trump threatens annihilation
U.S. and Iranian delegations met on the sidelines of the U.N. General Assembly, rekindling diplomacy amid Trump's threat to "annihilate" the regime.
Hurricane Polo is a powerful Category 5 storm off Mexico. See its path.
Hurricane Polo intensified back into a Category 5 storm — the strongest on the hurricane scale — off Mexico's southwestern coast. Here's the latest on its path.
Sen. Tim Scott says GOP in "fight for our lives," sees path to holding Senate
With just under six weeks until the midterms, Sen. Tim Scott of South Carolina laid out the NRSC's strategy to try to hold onto the Senate amid a tough political environment.
Hawaii under another hurricane watch as new storm closes in
Nolo is expected to become a hurricane sometime Thursday night and could become a major hurricane by the weekend as it approaches Hawaii's Big Island.
Florida gov. candidate Byron Donalds responds after Trump mentions removed from site
Some prominent references to President Trump were scrubbed from Florida gubernatorial candidate Byron Donalds' campaign website in recent weeks, but the Republican said he isn't backing away from the president's agenda.
Harvey Weinstein sentenced to 15 years in New York sexual assault case
Harvey Weinstein, the disgraced movie mogul, was sentenced to 15 years in prison Wednesday morning for sexually assaulting Miriam Haley at his Manhattan apartment in 2006.
U.S.
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Florida gov. candidate Byron Donalds responds after Trump mentions removed from site
Some prominent references to President Trump were scrubbed from Florida gubernatorial candidate Byron Donalds' campaign website in recent weeks, but the Republican said he isn't backing away from the president's agenda.
Sen. Tim Scott says GOP in "fight for our lives," sees path to holding Senate
With just under six weeks until the midterms, Sen. Tim Scott of South Carolina laid out the NRSC's strategy to try to hold onto the Senate amid a tough political environment.
Judge dismisses Trump's 2024 lawsuit against Iowa newspaper over poll results
An Iowa judge sided with pollster J. Ann Selzer and The Des Moines Register, saying that allowing the lawsuit and its "faulty" claims to proceed could "discourage others from reporting on and debating public affairs."
Dolly Parton's estate granted restraining order against her nephew
A Tennessee judge granted Dolly Parton's estate a temporary restraining order Wednesday against the late singer's nephew Bryan Seaver and his private security company.
Hawaii under another hurricane watch as new storm closes in
Nolo is expected to become a hurricane sometime Thursday night and could become a major hurricane by the weekend as it approaches Hawaii's Big Island.
MoneyWatch
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Disney is raising prices for Disney+ and Hulu. See the breakdown.
The price hikes for new subscribers are effective immediately. Existing subscribers' plans will go up next month.
Social Security tax hike "financially impossible" for many, expert says
Raising payroll taxes enough to stabilize Social Security could add thousands of dollars in annual costs, according to one analysis.
Mortgage rates top 7% for the first time since May 2024
As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
Meta's Muse shopping agent is a hit, as AI commerce starts to take off
Meta's new AI tool now ranks at the top of the App Store. Some retail experts see a "natural evolution from search."
Andreessen Horowitz launches AI school as college alternative
One of Silicon Valley's most prominent venture investors is gearing its new tech academy toward aspiring entrepreneurs focused on building AI.
Politics
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Judge blocks Trump's ban on CNN, MS NOW and Politico's White House access for now
A federal judge temporarily blocked senior Trump administration officials from barring CNN, MS NOW and Politico from the White House and said their journalists' press credentials must be immediately restored.
Florida gov. candidate Byron Donalds responds after Trump mentions removed from site
Some prominent references to President Trump were scrubbed from Florida gubernatorial candidate Byron Donalds' campaign website in recent weeks, but the Republican said he isn't backing away from the president's agenda.
Sen. Tim Scott says GOP in "fight for our lives," sees path to holding Senate
With just under six weeks until the midterms, Sen. Tim Scott of South Carolina laid out the NRSC's strategy to try to hold onto the Senate amid a tough political environment.
Navy reports 8 suicide attempts on carrier group that faced monthslong deployment
There have been eight suicide attempts across the USS Abraham Lincoln carrier strike group since the beginning of its grueling monthslong deployment last year, Acting Navy Secretary Hung Cao said.
Judge dismisses Trump's 2024 lawsuit against Iowa newspaper over poll results
An Iowa judge sided with pollster J. Ann Selzer and The Des Moines Register, saying that allowing the lawsuit and its "faulty" claims to proceed could "discourage others from reporting on and debating public affairs."
HealthWatch
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Bone health and the "silent disease": 4 things women should know
In the latest episode of "Healthful," Dr. Jocelyn Wittstein, an orthopedic surgeon at Duke University School of Medicine, discusses what women should know about protecting their bones.
Even the smallest joys can help prevent suicide, researchers say
New research highlights common themes shared by people who found reasons to keep living through dark times.
First on CBS
JB Pritzker reveals GLP-1 use, pressed on possible presidential run
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
Her son was dying, but his rare cancer made it difficult to get the right drug
As knowledge about genetics advances, some doctors say cancers should be defined by their mutations, not the tissues where they manifest.
Her postpartum symptoms wouldn't go away. A brain tumor was to blame.
Lisa Fasone's first pregnancy went smoothly. Then a rare health condition put her dreams of a second child on hold.
World
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Ambassador says son is fighting for his life after attack in West Bank
Neria Leiter, the son of Israel's ambassador to the U.S., Yechiel Leiter, was seriously injured in a car-ramming attack in the West Bank.
6 people killed in bear attacks in Siberia: "Under siege"
Prosecutors said they opened a probe into criminal negligence, accusing local officials of failing to control bear numbers.
El Niño could cause 451,000 more heat deaths compared to normal year, group says
Researchers project nearly half a million more heat-related deaths from June 2026 to February 2027 compared with a typical year, as a result of El Niño.
Wife of scholar detained in China wants Trump to press Xi to release him
Min Zin, a Myanmar scholar, has been held for more than 100 days at what human rights groups say is a "black site" in China.
Live
Iran's president calls U.S. attacks "cowardly" as Trump threatens annihilation
U.S. and Iranian delegations met on the sidelines of the U.N. General Assembly, rekindling diplomacy amid Trump's threat to "annihilate" the regime.
Entertainment
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Entertainment
Taylor Swift releasing new music before VMAs
Taylor Swift announced a new single, "Patient Zero," and a deluxe version of her record-breaking album, "The Life of a Showgirl," this week as the VMAs and Grammy voting season approach. Bryan West, who covers Taylor Swift for USA Today, joins "The Daily Report."
Dolly Parton's estate granted restraining order against her nephew
A Tennessee judge granted Dolly Parton's estate a temporary restraining order Wednesday against the late singer's nephew Bryan Seaver and his private security company.
Ugly legal fight for Dolly Parton's estate
Members of Dolly Parton's family and team appear to be feuding over her estate. CBS News' Shanelle Kaul explains.
Disney is raising prices for Disney+ and Hulu. See the breakdown.
The price hikes for new subscribers are effective immediately. Existing subscribers' plans will go up next month.
Zibby Owens on living "between chapters"
Zibby Owens sits down with "CBS Mornings" to discuss her new book "Between Chapters: How I Started Over, Took Some Chances, and Found the Plot ."
Technology
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Technology
How Meta AI agent Muse differs from chatbots
Meta is announcing its latest artificial intelligence tools and smart glasses at its annual showcase on Wednesday. CNET AI reporter Katelyn Chedraoui joins CBS News to discuss.
AI leaders call for international cooperation
OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei are among the artificial intelligence executives briefing the U.N. Security Council amid warnings about AI's possible threat to humanity. Fortune magazine reporter Eva Roytburg 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.
Meta set to launch camera-free smart glasses
Meta's smart glasses have sparked privacy concerns with some users recording people without their knowledge or consent. Now, the company is expected to launch a new pair of spectacles addressing those worries. Mashable tech editor Tim Werth joins CBS News with more.
Trump to meet with China's XI over AI
President Trump has downplayed the threat posed by artificial intelligence amid growing calls for AI regulation. MIT professor and artificial intelligence expert Max Tegmark weighs in on Mr. Trump's planned meeting with China's Xi Jinping.
Science
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Science
Neuroscientists grow human brain tissue in mice
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
New species of wild cat discovered for first time in more than a century
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
Humpback whale seen grieving dead calf in rare footage
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Remains of ancient warhorse given honorific burial discovered in Egypt
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Crime
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Crime
Rollercoaster linked to brain injuries
Over 100 Six Flags visitors are accusing the X2 rollercoaster in Southern California of leaving them with traumatic brain injuries. Carter Evans has more.
Dolly Parton's nephew facing court order
Dolly Parton's nephew, Bryan Seaver, who had announced her death in a video last month, was ordered by a court to stay out of most of her estate's affairs after threat accusations. Nicole Valdes has the latest.
American Idol contestant on trial for murder
Caleb Flynn, a former American Idol contestant, is on trial in Ohio for the murder of his wife. Ian Lee has the story.
Ugly legal fight for Dolly Parton's estate
Members of Dolly Parton's family and team appear to be feuding over her estate. CBS News' Shanelle Kaul explains.
Could Boise's "Unknown Wanderer" be linked to Chicago Tylenol murders?
Boise police have identified a man known as the "Unknown Wanderer" who was found dead in a church in 1982, and revealed a possible link to the Chicago Tylenol murders.
Space
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NASA spacecraft discovers moon crater bigger than Roman Colosseum
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
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.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Latest CBS News Videos
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Latest CBS News Videos
Extended interview: Patrick Clancy
Patrick Clancy wrestles with grief and shares memories of his children in his first interview since his ex-wife Lindsay Clancy's murder trial ended without a verdict.
Bone Loss: A Silent Disease
About half of women over the age of 50 experience bone density loss, but most don't even know they have a problem. That's why Dr. Jocelyn Wittstein calls it a "silent disease." Dr. Wittstein has been at the forefront of understanding how joint pain and joint health evolve over a woman's lifetime. She tells Norah how you can reverse bone loss and what impact hormones have on bone density.
9/23: CBS Evening News
Both coasts bracing for extreme weather; Trump hosts China's Xi Jinping amid media boycott.
Mortgage rates surpass 7%
The 30-year fixed rate mortgage in the U.S. has gone over 7% for the first time since May 2024. CBS News business contributor Javier David breaks down what's driving the spike.
Taylor Swift releasing new music before VMAs
Taylor Swift announced a new single, "Patient Zero," and a deluxe version of her record-breaking album, "The Life of a Showgirl," this week as the VMAs and Grammy voting season approach. Bryan West, who covers Taylor Swift for USA Today, joins "The Daily Report."