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President Trump is urging the Federal Reserve to lower interest rates following the release of Consumer Price Index (CPI) data for June, which shows a 0.3% increase. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Consumer Price Index data for June emerged Tuesday, showing a 0.3% rise for the month and a 2.7% annual rate. CBS News' Natalie Brand has more from the White House.
Rep. French Hill, chairman of the House Financial Services Committee, told "Face the Nation with Margaret Brennan" that he doesn't believe President Trump can fire Fed chair Jerome Powell as the White House looks into his authority to do so. Mr. Trump has repeatedly expressed frustration with Powell refusing to lower interest rates, although board members of independent federal agencies like the Federal Reserve can only be forced out before their terms expire "for cause."
Stocks tumbled on Friday after President Trump threatened to slap a 35% tariff on Canadian goods. CBS News MoneyWatch correspondent Kelly O'Grady reports.
President Trump is insisting that Federal Reserve Chair Jerome Powell should lower interest rates. CBS MoneyWatch correspondent Kelly O'Grady has more.
Federal Reserve Chief Jerome Powell said it is premature to lower interest rates, citing the potential impact of tariffs.
Federal Reserve Chair Jerome Powell said Tuesday the Trump administration's tariffs led the Fed to put interest rate cuts on hold. CBS News MoneyWatch correspondent Kelly O'Grady reports.
In two days of congressional testimony, Federal Reserve Chair Jerome Powell defended his decision to keep interest rates steady and vowed Fed policy wouldn't be influenced by President Trump's pressure. Jo Ling Kent has more.
Federal Reserve Chair Jerome Powell testified on Capitol Hill Wednesday about the state of the U.S. economy. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Federal Reserve Chairman Jerome Powell gave his take on the state of the economy Wednesday as he testified before the Senate Banking Committee. CBS News senior business and technology correspondent Jo Ling Kent has more.
Attorney General Pam Bondi testified before the Senate Appropriations Committee about the Justice Department's budget on Wednesday. Meanwhile, Federal Reserve Chair Jerome Powell delivered his semiannual monetary report to the Senate Banking Committee. CBS News congressional correspondent Nikole Killion has more.
Rep. Robert Garcia of California has been elected as the top Democrat on the House Oversight Committee, becoming one of his party's most visible foils to the Trump administration. Political strategists Joel Payne and Matt Gorman, along with CBS News political director Fin Gómez, join "The Takeout" with analysis.
The stock market rallied for a second day on Tuesday as tensions with Iran sent oil prices plummeting. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Federal Reserve Chair Jerome Powell, who is testifying before Congress this week, said tariffs are "likely to push up prices."
President Trump entertained the idea of firing Jerome Powell on Friday, a legally untested and contentious move.
President Trump is blasting Federal Reserve Chairman Jerome Powell for his decision to leave the benchmark interest rate unchanged. CBS News contributor Javier David has more.
The Federal Reserve is keeping interest rates unchanged for now, but as many as two interest rate cuts could occur later this year. CBS News MoneyWatch correspondent Kelly O'Grady has more.
The Federal Reserve said Wednesday it will maintain the benchmark interest rate at its current range of 4.25% to 4.5%
The Federal Reserve held its benchmark interest rate steady on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
The Federal Reserve held interest rates steady again on Wednesday, despite pressure from President Trump to cut rates. CBS News business analyst Jill Schlesinger reports.
The Federal Reserve Board will announce its next rate decision today, June 18, at 2 p.m. EST.
President Trump said that Federal Reserve Chair Jerome Powell is "not a smart person" ahead of Wednesday's interest rate decision. CBS News MoneyWatch correspondent Kelly O'Grady has more details.
The Federal Reserve is set to announce what's next for its benchmark interest rate on Wednesday. CBS News business contributor Javier David joins "CBS Morning News" with more on what to expect.
President Trump signed a bill on Thursday that blocks California's ban on the sale of gas cars. Mr. Trump then answered questions about the anti-ICE protests in Los Angeles, the state of U.S.-Iran nuclear talks and more. CBS News' Olivia Rinaldi has more details.
President Trump took questions on a few different subjects during a bill signing at the White House on Thursday. CBS News White House reporter Aaron Navarro has more.
President Trump's assurances that a rising U.S. death toll and soaring energy prices will be temporary and worth the pain are failing to assuage jittery investors.
At a Miami-area news conference President Trump said he expects the war in Iran to end "very soon," but also called it "the beginning of building a new country."
Jurors in Manhattan federal court reached a verdict Monday after weeks of testimony in the sex trafficking trial of brothers Tal, Oren and Alon Alexander.
President Trump told CBS News the U.S. war with Iran is "very complete," and said the U.S. "could do a lot" about the Strait of Hormuz.
Secretary of State Marco Rubio formally designated Afghanistan as a state sponsor of wrongful detention, paving the way for the Trump administration to impose penalties such as sanctions and export controls.
Two men from Pennsylvania are facing federal charges for the incident. Video captured someone yelling "Allahu Akbar" just as a protester threw an "ignited device" during an anti-Islam demonstration in New York City.
A judge ruled last summer that President Trump's former lawyer Alina Habba was illegally serving as top New Jersey's federal prosecutor. On Monday, Habba's replacements were also disqualified.
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
Secretary Pete Hegseth says it's President Trump who will set the terms of Iran's surrender, noting the U.S. is confident it will come, even as Iran's president said the U.S. demand for "unconditional surrender" is "a dream that they should take to their grave."
Jurors in Manhattan federal court reached a verdict Monday after weeks of testimony in the sex trafficking trial of brothers Tal, Oren and Alon Alexander.
At a Miami-area news conference Monday, President Trump said he expects the war in Iran to end "very soon," but also called it "the beginning of building a new country."
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
Rep. Kevin Kiley of California said Monday he was immediately leaving the Republican Party to become an independent.
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
Anthropic sued the Defense Department and other federal agencies on Monday over the government's move to designate it a risk to the supply chain.
After a sharp drop in early trading, stocks recovered part of those losses as oil prices fell back below $100.
Live Nation, the parent company of Ticketmaster, has reached a deal with the Department of Justice as part of a high-stakes antitrust trial.
Two Democrats with potential presidential ambitions — Govs. Gavin Newsom and Andy Beshear — are weighing in on the U.S.-Iran war and criticizing President Trump's strategy, as the conflict overtakes the foreign policy debate.
CBS News California obtained a sworn declaration from Swalwell's landlord supporting his California residency claims, amid concerns that Tom Steyer's petition questioning his eligibility to run for governor publicly exposed Swalwell's home address.
Secretary of State Marco Rubio formally designated Afghanistan as a state sponsor of wrongful detention, paving the way for the Trump administration to impose penalties such as sanctions and export controls.
A judge ruled last summer that President Trump's former lawyer Alina Habba was illegally serving as top New Jersey's federal prosecutor. On Monday, Habba's replacements were also disqualified.
At a Miami-area news conference Monday, President Trump said he expects the war in Iran to end "very soon," but also called it "the beginning of building a new country."
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
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.
The zipper head on the recalled HALO Magic Sleepsuits poses a danger to babies, according to the U.S. Consumer Product Safety Commission.
Debi Weiss thought her fatigue and weakness was a seasonal illness, but her condition quickly worsened.
In July, Prasad was briefly forced from his job, but was reinstated less than two weeks later.
Secretary of State Marco Rubio formally designated Afghanistan as a state sponsor of wrongful detention, paving the way for the Trump administration to impose penalties such as sanctions and export controls.
President Trump told CBS News the U.S. war with Iran is "very complete," and said the U.S. "could do a lot" about the Strait of Hormuz.
Former Brazil forward Hulk was among the players sent off following the violence that lasted more than a minute.
Mojtaba Khamenei was named Iran's new supreme leader following the death of his father in the U.S.-Israeli strikes.
Police in Australia warned of crocodiles "absolutely everywhere" and said they had moved more than 1,000 people across the state into shelter after massive floods.
Less than a week into a trial over Live Nation's alleged monopoly of the event ticket business, the parent company of Ticketmaster has reached a tentative settlement with the Justice Department. Kenneth Dintzer, antitrust attorney with the law firm Crowell & Moring, joins CBS News to break down the deal.
A woman has been arrested for allegedly firing several shots Sunday at the Beverly Hills home of pop music star Rihanna. CBS News Los Angeles' Tina Patel reports.
Live Nation, the parent company of Ticketmaster, has agreed to pay $280 million in civil penalties to 40 states that sued the company on antitrust grounds. As part of the settlement, Ticketmaster must also open technology to allow other ticket sellers to use its platform to reach customers, multiple sources told CBS News. Yasmin Khorram, economic policy reporter for Politico, joined CBS News to discuss.
Matthew Fox, who starred in the hit series "Lost," talks about being part of the cast for the new Paramount+ show "The Madison." He describes how he relates to his character, why he decided to return to Hollywood and working with Kurt Russell again.
Daryl Hannah, who dated John F. Kennedy Jr. in the 1990s, criticized the series "Love Story" and its portrayal of her. The FX series is about JFK Jr. and Carolyn Bessette, focusing on their courtship and marriage, which began after Kennedy's relationship with Hannah. In The New York Times, Hannah said the portrayal of her is "not even remotely accurate."
David Pogue, an author and correspondent for "CBS Sunday Morning," talks about covering the rise of Apple over his career as the company is set to turn 50 next month, and his new book, "Apple: The First 50 Years."
Artificial intelligence can give some workers "brain fry" if overused, according to a new study published in Harvard Business Review.
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.
David Pogue, author of "Apple: The First 50 Years," talks with Apple's co-founder Steve Wozniak, CEO Tim Cook, and others about the vision of Steve Jobs, and how the company's products and services have reshaped life, technology and culture in the 21st century.
In this web exclusive, Tim Cook, the CEO of Apple, talks with "Sunday Morning" correspondent David Pogue (author of "Apple: The First 50 Years") to discuss the company's first half-century and its constant focus on "the next thing." He also talks about the vision of Steve Jobs, whose return to Apple in 1997 reinvigorated the company.
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 Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
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.
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.
Jurors in Manhattan federal court reached a verdict Monday after weeks of testimony in the sex trafficking trial of brothers Tal, Oren and Alon Alexander.
A Georgia community is in mourning after a beloved teacher died during an alleged student prank gone wrong. CBS News correspondent Elaine Quijano reports.
Charges have been announced against two men after an explosive device was ignited outside New York City Mayor Zohran Mamdani's residence over the weekend. CBS News' Anna Schecter has more.
TATP, or triacetone triperoxide, was found inside undetonated explosive devices near New York City Mayor Zohran Mamdani's house, NYPD Commissioner Jessica Tisch said on Monday. She also said the incident is being investigated as "an act of ISIS-inspired terrorism." CBS News' Anna Schecter has more details.
New York City Mayor Zohran Mamdani and New York Police Department Commissioner Jessica Tisch provided updates on the explosive devices outside of the Gracie Mansion on Sunday after tensions escalated between two different protest groups. Tisch said the devices are being investigated as "an act of ISIS-inspired terrorism." CBS News senior coordinating producer Anna Schecter has more.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
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 Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
NASA's Artemis II mission continues to face concerns and delays. Scott E. Parazynski, a former astronaut, joins CBS News with more.
NASA is rolling back the Artemis II moon rocket from its launch pad at the Kennedy Space Center in Florida. It is expected to take up to 12 hours to move the 322-foot rocket, with the journey spanning four miles back to its hangar for repairs. CBS News space consultant Bill Harwood has more.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
On Monday, President Trump told CBS News senior White House correspondent Weijia Jiang that the war in Iran "is very complete," but he did not provide a timeline for the end of the conflict. Lindsey Reiser takes a look at the war's first 10 days and some of the strikes that have been carried out across the Middle East.
Less than a week into a trial over Live Nation's alleged monopoly of the event ticket business, the parent company of Ticketmaster has reached a tentative settlement with the Justice Department. Kenneth Dintzer, antitrust attorney with the law firm Crowell & Moring, joins CBS News to break down the deal.
As the war with Iran causes the price of oil to skyrocket, the CEO of United says that it could soon affect airline prices. Clint Henderson, managing editor for travel website The Points Guy, joins to discuss.
Nathan Martin, a high school cross country coach from Michigan, caught up with the runner in first place during the last stretch of the Los Angeles marathon, winning the race in the closest finish in history. Tony Dokoupil has the story.
A Georgia teacher has died after authorities say he was struck by a vehicle during a late-night prank outside his home, prompting vehicular homicide charges against an 18-year-old. Mark Strassmann has more