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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.
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.
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.
Federal Reserve Chair Jerome Powell released a video announcing a Justice Department investigation apparently targeting him. CBS News' Scott MacFarlane has more.
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.
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.
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.
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.
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.
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.
The Federal Reserve cut interest rates by a quarter percentage point on Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
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.
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.
It appears all but certain that the Federal Reserve will cut interest rates on Wednesday. CBS News business analyst Jill Schlesinger explains why.
The Federal Reserve on Wednesday cut interest rates for the second consecutive time despite inflation remaining above its target rate. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
The Dow Jones dipped on Wednesday after Federal Reserve Chair Jerome Powell suggested the central bank may not cut interest rates again in 2025. CBS News MoneyWatch correspondent Kelly O'Grady has more.
The Federal Reserve announced Wednesday that it will lower its benchmark interest rate by 0.25 percentage points in its second straight cut. CBS News MoneyWatch correspondent Kelly O'Grady has more.
The Federal Reserve is expected to make a quarter-point interest rate cut on Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady has more details.
The Federal Reserve is expected to cut interest rates on Wednesday by a quarter point. Kristin Myers, ETF editor in chief for Asset TV, joins with more.
Jerome Powell said the labor market's outlook hasn't changed much since the central bank's September meeting, when it penciled in two more rate cuts this year.
Financial markets slumped Friday after President Trump threatened to raise tariffs on China over a dispute involving rare earths.
Minutes from September Fed meeting reveal a divide between members who support additional rate cuts and those worried about inflation.
The Federal Reserve cut rates for the first time in nine months Wednesday by a quarter point. The decision came as recent employment data showed the U.S. job market might be losing steam. Fed Chair Jerome Powell said there could be even more rate cuts coming later this year. CBS News senior business and technology correspondent Jo Ling Kent reports.
The Federal Reserve lowered interest rates by 0.25 percentage points on Wednesday, marking the first cut of 2025. CBS News senior business and technology correspondent Jo Ling Kent has the details.
The Federal Reserve announced that it lowered interest rates by 0.25 percentage points, its first rate cut since December 2024. CBS News MoneyWatch correspondent Kelly O'Grady and White House correspondent Ed O'Keefe have more.
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.
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.
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.
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.
A federal judge has temporarily blocked a Trump executive order that would prevent certain people from automatically becoming U.S. citizens at birth.
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.
"The United States Coast Guard pilots made the single engine landing feel routine. No panic, just straight professionalism," Mullin said on X.
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.
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.
CEO Dara Khosrowshahi said Uber is removing organizational layers and taking other steps to boost its efficiency.
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.
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.
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.
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.
CEO Dara Khosrowshahi said Uber is removing organizational layers and taking other steps to boost its efficiency.
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 upgrades its AI glasses' privacy features to block device users from filming people without their consent.
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.
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.
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.
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.
A federal judge has temporarily blocked a Trump executive order that would prevent certain people from automatically becoming U.S. citizens at birth.
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.
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.
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.
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 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.
The White House said the agreements will reduce costs to treat Parkinson's disease, macular degeneration, glaucoma, liver disease and other illnesses.
Marc Gaudisosi thought his symptoms were caused by a sinus infection. Then an urgent care told him to go to the hospital.
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.
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.
The USS Abraham Lincoln aircraft carrier has docked in eastern Thailand after its grueling deployment in the Middle East.
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 Prime Minister Pedro Sánchez says "networks linked both to Russia and to Israel" helped spread rumors about immigration "to attack Europe and divide it."
Adria Arjona sits down with "CBS Mornings" to discuss her new movie, "Onslaught," and working with Michael B. Jordan on "The Thomas Crown Affair."
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 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.
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 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.
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.
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.
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.
CEO Dara Khosrowshahi said Uber is removing organizational layers and taking other steps to boost its efficiency.
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.
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'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.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
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.
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.
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.
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.
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.
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.
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.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
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.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
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, 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.
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 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.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
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.
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.
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.
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.