No change to interest rates, Fed announces
The Federal Reserve announced Wednesday that interest rates would remain unchanged, holding steady in its current range of 3.5% to 3.75%. CBS News business analyst Jill Schlesinger has more.
Jerome Powell
Federal Reserve cuts decision expected
The Federal Reserve is expected to make its first announcement of the year regarding interest rate cuts. Greg Robb, a senior reporter for MarketWatch, joins CBS News with more.
Fed to make first 2026 interest rate decision
The Federal Reserve is meeting Tuesday to discuss its first interest rate decision of 2026 on Wednesday. Kristin Myers, ETF editor-in-chief for Asset TV, joins with more.
Inside look at SCOTUS arguments on Lisa Cook
The Supreme Court seemed likely to let Lisa Cook keep her job on the Federal Reserve Board of Governors as they heard arguments in the case Wednesday. CBS News chief legal correspondent Jan Crawford has more.
SCOTUS seems inclined to keep Cook on Fed board
The Supreme Court appears likely to allow Lisa Cook to keep her position on the Federal Reserve Board of Governors and reject President Trump's attempt to fire her for now. Arguments in the case were heard Wednesday. CBS News' Jo Ling Kent has more.
Read the full transcript of Tony Dokoupil's interview with President Trump here
President Trump shared a warning for Iran, called Jerome Powell a "lousy Fed chairman" and defended the ICE agent who killed Renee Good in Minneapolis. Read the full transcript of their conversation.
Trump: Jerome Powell has "been a lousy Fed chairman"
President Trump brushed off a question about whether the Justice Department probe amounts to political retribution.
Trump on Iran protests, Fed's Powell and more
President Trump shared a warning for Iran, called Jerome Powell a "lousy Fed chairman," and defended the ICE agent who killed Renee Good in Minneapolis during an exclusive interview with "CBS Evening News" anchor Tony Dokoupil.
World bank leaders show support for Powell
Global bank leaders signaled support for Federal Reserve Chair Jerome Powell amid the Trump administration's apparent criminal investigation into testimony he gave on building renovations. CBS News' Scott MacFarlane reports.
Trump calls Powell incompetent or crooked
President Trump spoke to reporters about Federal Reserve Chair Jerome Powell amid an apparent Justice Department probe into building renovations. CBS News' Jake Rosen has more.
Warren on DOJ probe of Jerome Powell
Massachusetts Democratic Sen. Elizabeth Warren blasted the Justice Department for its apparent investigation into Federal Reserve Chair Jerome Powell. CBS News' Taurean Small reports.
Backlash over DOJ probe into Jerome Powell
The Justice Department's criminal investigation into Federal Reserve chair Jerome Powell is drawing backlash from both Democrats and Republicans. At least half a dozen Republicans were critical when asked about the probe, which has to do with cost overruns to renovate the Fed's century-old headquarters.
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.
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.
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.
Live
Trump says U.S. prepared to hit Iran "anytime we want" after "very heavy attack"
The U.S. military was looking into Iran's allegations that people at a wedding party were killed in the American strikes, a spokesman said.
2 killed, at least 5 injured in Minneapolis shooting, suspect also dead
Two people are dead and at least five others were injured, including three officers, after a shooting Wednesday in downtown Minneapolis, police said. The suspected shooter is also dead.
House rejects GOP effort to ban Supreme Court expansion in Constitution
A GOP-proposed constitutional amendment to limit the Supreme Court to nine justices failed in the House, coming up well short of the two-thirds majority needed.
Judge blocks Trump's latest effort to narrow birthright citizenship
A federal judge has temporarily blocked a Trump executive order that would prevent certain people from automatically becoming U.S. citizens at birth.
First on CBS
Dark money in Texas Senate race spurs Talarico complaint to FEC against Paxton
James Talarico's Senate campaign is accusing Ken Paxton and his campaign treasurer of "illegally spending" $1 million that was routed to a Paxton-aligned super PAC.
Plane carrying Mullin makes emergency landing after engine failure
"The United States Coast Guard pilots made the single engine landing feel routine. No panic, just straight professionalism," Mullin said on X.
Pentagon rolls out guidelines to test service members for testosterone
The Pentagon will begin requiring male service members ages 30 and older to get screened for testosterone deficiency, after Defense Secretary Pete Hegseth called for the change over the summer.
Lindsay Clancy jury still deadlocked, ends day without verdict
The jury in the Lindsay Clancy murder trial, which signaled Wednesday for a second straight day it is deadlocked, left without a verdict and will resume deliberations on Thursday.
U.S.
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Uber to shed 10% of workers as it moves to cut costs and streamline
CEO Dara Khosrowshahi said Uber is removing organizational layers and taking other steps to boost its efficiency.
2 killed, at least 5 others injured in downtown Minneapolis shooting
Two people are dead and at least five others are injured, including three officers, after a shooting near 15 East Grant Street Wednesday afternoon in downtown Minneapolis, according to police. The suspected shooter is also dead.
First on CBS
Dark money in Texas Senate race spurs Talarico complaint to FEC against Paxton
James Talarico's Senate campaign is accusing Ken Paxton and his campaign treasurer of "illegally spending" $1 million that was routed to a Paxton-aligned super PAC.
People turning to BNPL loans to pay for rent, food and other necessities
More consumers are taking out "buy now, pay later" loans to make ends meet, a sign of the U.S. affordability crisis, according to consumer advocates.
House rejects GOP effort to ban Supreme Court expansion in Constitution
A GOP-proposed constitutional amendment to limit the Supreme Court to nine justices failed in the House, coming up well short of the two-thirds majority needed.
MoneyWatch
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Uber to shed 10% of workers as it moves to cut costs and streamline
CEO Dara Khosrowshahi said Uber is removing organizational layers and taking other steps to boost its efficiency.
People turning to BNPL loans to pay for rent, food and other necessities
More consumers are taking out "buy now, pay later" loans to make ends meet, a sign of the U.S. affordability crisis, according to consumer advocates.
Meta says AI glasses fix stops users from secretly recording others
Meta upgrades its AI glasses' privacy features to block device users from filming people without their consent.
"We are the best," Chinese EV maker says ahead of push into North America
A trade deal with Canada is about to give Chinese EV makers already grabbing major market share elsewhere a foothold just over the Detroit River.
$1 gold Trump coins are on sale, but they'll cost you more than $1 apiece
The U.S. Mint said the President Donald J. Trump $1 coin can be bought in packages of 25 for $61 or 100 coins for $154.50.
Politics
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Elon Musk-backed super PAC spends $800,000 to back GOP midterm candidates
Elon Musk's super PAC disclosed over $800,000 in spending last month to support Republican Senate and House candidates in competitive races, with the bulk in Texas and Maine.
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.
Judge blocks Trump's latest effort to narrow birthright citizenship
A federal judge has temporarily blocked a Trump executive order that would prevent certain people from automatically becoming U.S. citizens at birth.
Pentagon rolls out guidelines to test service members for testosterone
The Pentagon will begin requiring male service members ages 30 and older to get screened for testosterone deficiency, after Defense Secretary Pete Hegseth called for the change over the summer.
First on CBS
Dark money in Texas Senate race spurs Talarico complaint to FEC against Paxton
James Talarico's Senate campaign is accusing Ken Paxton and his campaign treasurer of "illegally spending" $1 million that was routed to a Paxton-aligned super PAC.
HealthWatch
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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
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Malta businessman found not guilty in car bomb killing of journalist
Daphne Caruana Galizia's killing shocked Europe, led to protests that toppled a prime minister and exposed a culture of impunity in the European Union's smallest state.
"We are the best," Chinese EV maker says ahead of push into North America
A trade deal with Canada is about to give Chinese EV makers already grabbing major market share elsewhere a foothold just over the Detroit River.
USS Abraham Lincoln docks in Thailand after more than 9 months at sea
The USS Abraham Lincoln aircraft carrier has docked in eastern Thailand after its grueling deployment in the Middle East.
Live
Trump says U.S. prepared to hit Iran "anytime we want" after "very heavy attack"
The U.S. military was looking into Iran's allegations that people at a wedding party were killed in the American strikes, a spokesman said.
Spain's leader says Russia and Israel fueled immigration "disinformation"
Spain's Prime Minister Pedro Sánchez says "networks linked both to Russia and to Israel" helped spread rumors about immigration "to attack Europe and divide it."
Entertainment
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Entertainment
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.
Lionel Richie hospitalized after weekend show
While performing in St. Louis on Saturday night, Lionel Richie appeared at one point to lean on a piano for support, according to video from the show.
John Galliano's Met Gala exhibit canceled
John Galliano's exhibit for the 2027 Met Gala has been canceled after weeks of backlash over his past antisemitic and racist comments. CBS News fashion contributor Lauren Sherman reports.
Technology
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Technology
NYC bans AI use in some schools
New York City Mayor Zohran Mamdani announced a 1-year moratorium on the use of AI in elementary and middle school classrooms on Wednesday. Danielle Giunta, first deputy chancellor of NYC public schools, joins "The Daily Report" to discuss.
OpenAI sued again over Canada school shooting
More lawsuits have been filed against OpenAI in connection with February's deadly mass school shooting in Canada that took the lives of five students and a teacher. CBS News legal contributor Jessica Levinson breaks down the case.
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.
Uber to shed 10% of workers as it moves to cut costs and streamline
CEO Dara Khosrowshahi said Uber is removing organizational layers and taking other steps to boost its efficiency.
OpenAI confirms "critical" risks of Astra model
OpenAI confirmed that its unreleased Astra model has reached a critical cyber capability threshold, which could pose cybersecurity risks. Tim Werth, a tech editor at Mashable, joins CBS News to discuss.
Science
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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
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Crime
Gunman killed in Minneapolis mass shooting
Minneapolis police say they are responding to a deadly shooting that killed two people and injured multiple others, including police officers, law enforcement sources say. The shooter is also dead. CBS News correspondent Jonah Kaplan reports.
Malta businessman found not guilty in car bomb killing of journalist
Daphne Caruana Galizia's killing shocked Europe, led to protests that toppled a prime minister and exposed a culture of impunity in the European Union's smallest state.
1 killed, 6 injured in Minneapolis shooting
At least one person is dead and six others are injured after a shooting in downtown Minneapolis on Wednesday, the Hennepin County Medical Center says. CBS News Minnesota's Conor Wight reports. Then, CBS News' Jonah Kaplan joins with more.
Alleged Penn State ringleader granted bail
24-year-old Agostino Abbatiello, the alleged ringleader of the cocaine trafficking operation at Penn State, was led into court on Wednesday. A judge granted bail of $250,000 to the former member of the Sigma Chi fraternity. Lana Zak reports from the courthouse in Pennsylvania.
Lindsay Clancy jury deadlocked again
As of Wednesday, there was still no verdict in the murder trial of Lindsay Clancy. The jurors went home after a fifth day of deliberations, telling the judge for a second time that they could not decide whether Clancy is criminally responsible for killing her three young children. The judge told them to keep trying. Shanelle Kaul reports and Caroline Polisi has more.
Space
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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
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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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Gunman killed in Minneapolis mass shooting
Minneapolis police say they are responding to a deadly shooting that killed two people and injured multiple others, including police officers, law enforcement sources say. The shooter is also dead. CBS News correspondent Jonah Kaplan reports.
1 killed, 6 injured in Minneapolis shooting
At least one person is dead and six others are injured after a shooting in downtown Minneapolis on Wednesday, the Hennepin County Medical Center says. CBS News Minnesota's Conor Wight reports. Then, CBS News' Jonah Kaplan joins with more.
Navy vet reclaims his historic hiking title
A retired Navy veteran set a record as the oldest person to ever finish hiking along the 2,200-mile-long Appalachian Trail in 2017. After a friend took his title in 2021, Dale Sanders reclaimed it this week. Tony Dokoupil has the story.
U.S. strikes on alleged drug boats draw criticism
Brian Finucane, senior adviser for the U.S. program at the International Crisis Group, joins "The Daily Report" to analyze the Trump administration's deadly campaign against alleged drug-smuggling boats.
Police find bobcat in woman's home
When a 93-year-old woman near Seattle heard strange noises in her house last month, she called the cops to report a prowler. Police found an unexpected intruder - a bobcat. Carter Evans has the story.