Why Fed kept rates same for third consecutive time
For its third consecutive meeting, the Federal Reserve left its benchmark interest rate unchanged. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Kevin Warsh
Senate Banking Committee advances Kevin Warsh's nomination for Fed chair
Senators voted along partisan lines, with Republicans backing Warsh's nomination to lead the Fed and Democrats on the panel opposing him.
Powell staying on Fed board after term ends
Jerome Powell held his last news conference as Federal Reserve chair on Wednesday, announcing his intention to stay on the central bank's board as a governor "for a period of time to be determined" following the end of his term.
Federal Reserve holds interest rates steady
The Federal Reserve held its benchmark interest rate steady on Wednesday as the U.S. economy continues to grapple with rising inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Will the Fed cut rates? Here's what to expect at Wednesday's meeting.
The Federal Reserve is contending with rising inflation amid the war and a lackluster job market, along with the departure of Fed Chair Jerome Powell.
Tillis says he's ready to move forward with Warsh's nomination for Fed chair
U.S. Attorney Jeanine Pirro said Friday her office is dropping its criminal investigation into Fed Chairman Jerome Powell and the $2.5 billion renovation of the central bank's headquarters.
Why is the DOJ dropping its Powell probe?
The Justice Department has dropped its criminal probe into Federal Reserve Chair Jerome Powell. The investigation was connected to the estimated $2.5 billion price tag for renovations on the Federal Reserve's headquarters in Washington, D.C. CBS News' Katrina Kaufman reports.
End of DOJ Powell probe could clear way for Warsh
The Justice Department has dropped its criminal investigation into outgoing Federal Reserve Chair Jerome Powell over the central bank's renovation. The move clears a key hurdle for President Trump's pick to replace Powell, Kevin Warsh. CBS News congressional correspondent Nikole Killion reports.
4/24: The Takeout with Major Garrett
Second round of U.S.-Iran peace talks expected this weekend; U.S. soldier charged for allegedly using confidential info to bet on Maduro's removal.
Tillis: "Hard to tell" where U.S. is in Iran war
Wednesday marks 53 days since the U.S. launched the war with Iran. Republican Sen. Thom Tillis of North Carolina joins "The Takeout" to discuss the state of the conflict and more.
Kevin Warsh on Fed independence
President Trump's nominee to head the Federal Reserve assured lawmakers on Tuesday that he would maintain strict independence. Kristin Myers, the senior vice president of content and editor in chief of ETF.com, joins CBS News with more.
Key moments at Warsh confirmation hearing
Kevin Warsh, President Trump's nominee to replace outgoing Federal Reserve Chair Jerome Powell, faced tense questioning from senators at his confirmation hearing on Tuesday. Here are some of the most notable exchanges.
What led to Cherfilus-McCormick's resignation?
Democratic Rep. Sheila Cherfilus-McCormick of Florida resigned from Congress on Tuesday ahead of a House Ethics Committee hearing to decide how to sanction her for more than two dozen campaign finance-related violations. CBS News congressional reporter Taurean Small has more.
Kevin Warsh testifies that the Fed will remain "strictly independent"
Warsh, nominated by President Trump to replace Fed Chair Jerome Powell, also said he'll work with the White House on some matters.
Who will run the Federal Reserve if the Senate doesn't confirm Trump's pick?
President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh — but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.
Early takeaways from Kevin Warsh hearing
Kevin Warsh, President Trump's nomination for chair of the Federal Reserve, told senators Tuesday that the central bank would remain "strictly independent." CBS News' Taurean Small reports on the hearing.
Warsh asked about Lisa Cook firing
During questioning from Democratic Sen. Angela Alsobrooks, Kevin Warsh declined to weigh in on President Trump's attempt to fire Lisa Cook from her position on the Federal Reserve Board of Governors, a case that is now before the Supreme Court. "The Fed should stay in its lane," Warsh said.
Warsh denies Trump asked for interest rate cuts
Sen. Ruben Gallego pressed Kevin Warsh again about whether President Trump asked him to commit to lowering interest rates if he was nominated to lead the Federal Reserve. Warsh reiterated that the president never asked him to "commit to any such thing."
Warsh on state of U.S. economy
Kevin Warsh, President Trump's nominee for Federal Reserve chairman, explained why he believes the potential of the U.S. economy is improving despite low job growth.
Kevin Warsh denies he will be "sock puppet"
Kevin Warsh told GOP Sen. John Kennedy that he will not be President Trump's "human sock puppet" and will remain fully independent if he's confirmed as the chairman of the Federal Reserve.
Warsh asked about stance on interest rates
Sen. Chris Van Hollen, a Maryland Democrat, voiced his concerns about Kevin Warsh's shifting stance on interest rates over the years. Van Hollen asked Warsh why he was in favor of lowering interest rates while inflation remained high.
Senators question Kevin Warsh on transparency
President Trump's nominee for the next Federal Reserve chair, Kevin Warsh, faces questions from lawmakers Tuesday during his Senate confirmation hearing. CBS News' Kelly O'Grady has the latest.
Tillis blasts DOJ's "bogus" probe into Powell
GOP Sen. Thom Tillis of North Carolina spent his time during the confirmation hearing for Kevin Warsh slamming the Justice Department's "bogus investigation" into Federal Reserve Chairman Jerome Powell over renovation costs at the central bank's headquarters. Tillis said he will block Warsh's nomination until the Justice Department drops its investigation.
Reed asks Warsh about independence from Trump
Democratic Sen. Jack Reed of Rhode Island pressed Kevin Warsh about whether he would cave to President Trump's demands to lower interest rates if he were to become the next Federal Reserve chairman. Warsh appeared for his Senate confirmation hearing to replace Jerome Powell as the Fed chair in May.
Warsh criticizes Fed for inflation missteps
During questioning from GOP Sen. Tim Scott, Kevin Warsh criticized the Federal Reserve for "policy errors in 2021 and 2022" that allowed inflation to soar. "Once you let inflation take hold of the economy, it's more expensive and harder to bring it down," Warsh said. Warsh appeared before his Senate confirmation hearing to replace Jerome Powell as the Federal Reserve chairman.
Trump heads to China today for high-stakes meeting with Xi
Trade, Taiwan and tensions with Iran are surefire topics for President Trump's meeting with Chinese leader Xi Jinping.
Exclusive
Ukraine and U.S. move toward landmark drone defense deal
A deal is taking shape for the U.S. and Ukraine to jointly develop and build weapons that have been at the forefront of the wars in both Ukraine and Iran.
Live
Iran says it's ready to "teach a lesson" if U.S. launches new attacks
Iran warns any new U.S. attacks will bring a "bad result," as President Trump acknowledges the ceasefire is faltering and violence flares in Lebanon.
Feds charge ship operator in Baltimore's Key Bridge collapse
The operator of the MV Dali, a container ship that lost power and slammed into Baltimore's Francis Scott Key Bridge in 2024, killing six people, is facing federal charges.
Lawmakers press Hegseth on details on Iran war authorization, ceasefire
Defense Secretary Pete Hegseth said the $1.5 trillion the Pentagon is seeking is "admittedly a historic budget."
Senate confirms Kevin Warsh as Fed governor, clearing path to become chair
The Senate has confirmed Kevin Warsh to the Federal Reserve's Board of Governors, a crucial step in President Trump's push to make Warsh the central bank's leader, replacing Jerome Powell.
Exclusive
Parents sue OpenAI over teen's death after he used ChatGPT to get drug info
A Texas couple is filing a lawsuit accusing the AI company of guiding their teenage son in using drugs, resulting in a fatal overdose.
The Nancy Guthrie investigation could hang on a strand of DNA
A strand of DNA. An eerie doorbell video. The investigation into Nancy Guthrie's disappearance reaches 100th day with no sign of a breakthrough.
Data reveals 42% drop in Canadian visits to U.S. last year
University of Toronto researchers say cellphone data shows a major drop not only in Canadian tourists visiting the U.S., "but also in business-related travel."
U.S.
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Senate confirms Kevin Warsh as Fed governor, clearing path to become chair
The Senate has confirmed Kevin Warsh to the Federal Reserve's Board of Governors, a crucial step in President Trump's push to make Warsh the central bank's leader, replacing Jerome Powell.
Data reveals 42% drop in Canadian visits to U.S. last year
University of Toronto researchers say cellphone data shows a major drop not only in Canadian tourists visiting the U.S., "but also in business-related travel."
Justice Department defends subpoenas of Wall Street Journal reporters
The Justice Department defended itself after the Wall Street Journal revealed it has received subpoenas in connection with a leak investigation.
Canvas' parent company strikes deal with hackers to delete stolen data
A hacking group named ShinyHunters claimed responsibility for the Canvas breach and threatened to leak data involving 275 million individuals if schools did not pay a ransom.
Feds charge ship operator in Baltimore's Key Bridge collapse
The operator of the Dali, a container ship that lost power and slammed into Baltimore's Francis Scott Key Bridge in 2024, killing six people, is facing federal charges.
MoneyWatch
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Senate confirms Kevin Warsh as Fed governor, clearing path to become chair
The Senate has confirmed Kevin Warsh to the Federal Reserve's Board of Governors, a crucial step in President Trump's push to make Warsh the central bank's leader, replacing Jerome Powell.
Exclusive
Parents sue OpenAI over teen's death after he used ChatGPT to get drug info
A Texas couple is filing a lawsuit accusing the AI company of guiding their teenage son in using drugs, resulting in a fatal overdose.
CPI surged in April as inflation soars to highest level in almost 3 years
U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
EBay rejects GameStop's $55.5 billion takeover bid
GameStop CEO Ryan Cohen had argued that his company's retail locations would help eBay build a "national network."
Emperor penguins in focus as Antarctica talks start in Japan
Greater protections for endangered emperor penguins and how to manage growing tourism are topping the agenda at talks on Antarctica in Japan.
Politics
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Senate confirms Kevin Warsh as Fed governor, clearing path to become chair
The Senate has confirmed Kevin Warsh to the Federal Reserve's Board of Governors, a crucial step in President Trump's push to make Warsh the central bank's leader, replacing Jerome Powell.
Justice Department defends subpoenas of Wall Street Journal reporters
The Justice Department defended itself after the Wall Street Journal revealed it has received subpoenas in connection with a leak investigation.
Feds charge ship operator in Baltimore's Key Bridge collapse
The operator of the Dali, a container ship that lost power and slammed into Baltimore's Francis Scott Key Bridge in 2024, killing six people, is facing federal charges.
Lawmakers press Hegseth on details on Iran war authorization, ceasefire
Defense Secretary Pete Hegseth said the $1.5 trillion the Pentagon is seeking is "admittedly a historic budget."
What to know about today's primaries in Nebraska and West Virginia
Voters are going to the polls in Nebraska and West Virginia on Tuesday, with Democrats vying for the chance to run in an open seat in Nebraska that the party has long been eyeing.
HealthWatch
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Sponsored
How can movement boost your brain health?
A recent survey by the Alzheimer's Association found most adults think maintaining brain health is very important, but they don't know what steps to take. (Sponsored by the Alzheimer's Association.)
Sponsored
How exercise can improve brain health
Daily physical activity is one of the important steps to building healthy habits to lower the risk of dementia. As part of a three-part series, "Brain Health: From Awareness to Action," Alzheimer's Association President and CEO Joanne Pike joins "CBS Mornings" with tips on incorporating exercise into your routine as part of their "(re)think your brain" initiative. Learn more about their "6-Step Challenge" at rethinkyourbrain.org (Sponsored by the Alzheimer's Association)
Exclusive
Parents sue OpenAI over teen's death after he used ChatGPT to get drug info
A Texas couple is filing a lawsuit accusing the AI company of guiding their teenage son in using drugs, resulting in a fatal overdose.
WHO chief says "work not over" after evacuation of hantavirus-stricken ship
The head of the World Health Organization says "our work is not over" to contain hantavirus after evacuations from a cruise ship hit by a deadly outbreak of the illness.
Americans from hantavirus ship quarantining
The 18 Americans who were aboard a hantavirus-stricken cruise ship have returned to the U.S. and are now in quarantine. One remains in the biocontainment unit at the University of Nebraska Medical Center after testing positive. Ian Lee has more.
World
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U.K. Prime Minister Keir Starmer rejects mounting calls to resign
Despite a fifth of British Prime Minister Keir Starmer's fellow Labour Party lawmakers calling on him to step down, he says he'll "get on with governing."
Data reveals 42% drop in Canadian visits to U.S. last year
University of Toronto researchers say cellphone data shows a major drop not only in Canadian tourists visiting the U.S., "but also in business-related travel."
Lawmakers press Hegseth on details on Iran war authorization, ceasefire
Defense Secretary Pete Hegseth said the $1.5 trillion the Pentagon is seeking is "admittedly a historic budget."
Live
Iran says it's ready to "teach a lesson" if U.S. launches new attacks
Iran warns any new U.S. attacks will bring a "bad result," as President Trump acknowledges the ceasefire is faltering and violence flares in Lebanon.
Emperor penguins in focus as Antarctica talks start in Japan
Greater protections for endangered emperor penguins and how to manage growing tourism are topping the agenda at talks on Antarctica in Japan.
Entertainment
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Entertainment
Stars of "Dutton Ranch" on reprising roles
Kelly Reilly and Cole Hauser, the stars and executive producers of "Dutton Ranch," sit down with "CBS Mornings" to talk about reprising their "Yellowstone" roles for the series spinoff. The series premieres May 15 on Paramount+.
Dua Lipa alleges Samsung uses copyrighted image of her to sell TVs
Pop singer accuses electronics manufacturer Samsung of using a copyrighted image of her face to sell TVs.
Annette Bening talks "Dutton Ranch"
Annette Bening talks about starring in the "Yellowstone" spinoff "Dutton Ranch," why she wanted to play her character and learning to ride a horse for the role.
Matt Damon and Ben Affleck sued over movie
Inspired by a true story, Netflix's "The Rip," starring Ben Affleck and Matt Damon, follows two Miami-Dade police officers as they discover more than $20 million of cartel cash during a drug raid and reveals corruption within the department. But now the real-life officers involved in the raid are suing Damon and Affleck through their production company. Carter Evans reports.
5/10: Sunday Morning
Hosted by Jane Pauley. Featured: The Supreme Court ushers in a new era of gerrymandering; the legacy of CBS News Radio; motherless daughters; comedian Martin Short; rebuilding L.A.; remembering Ted Turner; and Martha Stewart prepares a Mother's Day breakfast.
Technology
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Canvas' parent company strikes deal with hackers to delete stolen data
A hacking group named ShinyHunters claimed responsibility for the Canvas breach and threatened to leak data involving 275 million individuals if schools did not pay a ransom.
Arthur Brooks on internet trolls
CBS News contributor Arthur Brooks offers advice on navigating hate from internet trolls and provides more details on what prompts negative discourse online.
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.
EBay rejects GameStop's $55.5 billion takeover bid
GameStop CEO Ryan Cohen had argued that his company's retail locations would help eBay build a "national network."
Online learning platform Canvas hacked
The online learning platform Canvas, which is used by 30 million students around the world, was hacked Thursday in a massive cyberattack. The platform is used by thousands of schools, including major universities. Jo Ling Kent reports.
Science
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Emperor penguins in focus as Antarctica talks start in Japan
Greater protections for endangered emperor penguins and how to manage growing tourism are topping the agenda at talks on Antarctica in Japan.
What's in the released UFO files?
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
Trump: UFO files released for transparency
Defense Secretary Pete Hegseth said it's time for the American people see it for themselves, as the Pentagon started releasing previously classified documents related to UFOs and UAPs. CBS News Pentagon reporter Eleanor Watson has more.
"The Age of Disclosure" director on UFO files
The Pentagon on Friday released and declassified numerous files on UFOs, including eyewitness testimony, photos and reports. Government knowledge of non-human intelligent life was the subject of the documentary "The Age of Disclosure," released in February. Its director and producer, Dan Farah, joins CBS News to discuss.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Crime
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Crime
Search for Nancy Guthrie reaches 100 days
The search for Nancy Guthrie has spanned 100 days, and key evidence in the case is still under analysis. CBS News' Anna Schecter reports.
Man shoots at random in Massachusetts
A suspect is in custody after appearing to be shooting at random near three college campuses in Massachusetts. CBS News' Lilia Luciano reports.
Gunman opens fire on busy Cambridge street
Two people are in critical condition after a gunman in Cambridge, Massachusetts, began randomly firing at cars on a busy street, officials say. Lilia Luciano has the latest.
The Nancy Guthrie investigation could hang on a strand of DNA
A strand of DNA. An eerie doorbell video. The investigation into Nancy Guthrie's disappearance reaches 100th day with no sign of a breakthrough.
Gymnast speaks out about alleged abuse by coach
Years after USA Gymnastics was rocked by the scandal of Larry Nassar, the disgraced doctor who pleaded guilty to molesting multiple young gymnasts, a gymnast alleges another coach abused her as a child because warnings went unheeded. CBS News chief investigative correspondent Jim Axelrod has the details.
Space
More Space
UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Artemis crew surprises 5-year-old aspiring astronaut with special gift
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
Artemis II crew reveals what snack they ate right after splashdown
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
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.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Lawmakers push Hegseth for real cost of war
Defense Secretary Pete Hegesth and other Pentagon officials are testifying Tuesday on Capitol Hill over next year's proposed $1.5 trillion budget. CBS News' Nikole Killion has the latest.
What to expect from Trump's China trip
President Trump heads to Beijing on Tuesday to meet with Chinese President Xi Jinping, one day after saying the U.S.-Iran ceasefire is on "massive life support." CBS News' Natalie Brand has more.
New York may ban flour used in pizza, bagels
New York legislators are weighing a ban on potassium bromate, an additive in flour used to make bagels, pizza, and other goods, due to its potential to cause cancer. Dr. Mark Hyman joins CBS News with more details.
Lawmakers grill Hegseth over budget request
Pentagon officials are on Capitol Hill to make the case for a $1.5 trillion 2027 budget amid the Iran war. CBS News' Nikole Killion reports.
Search for Nancy Guthrie reaches 100 days
The search for Nancy Guthrie has spanned 100 days, and key evidence in the case is still under analysis. CBS News' Anna Schecter reports.