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Big health insurers cancel $34B merger; Steve Mnuchin confirmed as Treasury Secretary; and Apple's stock hits all-time high. These headlines and more from CBS MoneyWatch.
Steve Mnuchin
Steven Mnuchin confirmed
Steven Mnuchin became the 10th Trump Cabinet nominee to be confirmed in three weeks. CBSN's Elaine Quijano has the latest on the Republicans who voted for him and the one Democrat who supported his nomination.
Mnuchin, Price votes
Republicans in the Senate Finance Committee approved Steve Mnuchin for Treasury and Tom Price for Health and Human Services secretary without help from Democrats. Both votes were delayed when Democrats boycotted, demanding more information on the nominees' financial actions. CBS News Radio's Steve Dorsey joins CBSN with the latest.
Latest MoneyWatch headlines
Treasury Secretary nominee didn't tell Senate about $100M in assets; China's growth slumps; and Western Union to refund nearly $600M to fraud victims. These headlines and more from CBS MoneyWatch.
Mnuchin on offshore accounts
Trump's pick for treasury secretary, Steven Mnuchin, answers questions about his work with offshore accounts in Anguilla.
Latest MoneyWatch headlines
Steve Mnuchin faces Senate confirmation hearing; most Americans think U.S. will pay for Mexican border wall; and Mark Zuckerberg sues to protect Hawaii estate. These headlines and more from CBS MoneyWatch.
Senators hammer Trump nominees
Treasury nominee Steve Mnuchin and EPA nominee Scott Pruitt are the latest Trump Cabinet picks to face Senate questioning. Sources tell CBS News the president-elect has filled his last Cabinet vacancy, naming former Georgia Gov. Sonny Perdue to be secretary of agriculture. Nancy Cordes reports.
Who is U.S. Treasury Secretary nominee Steven Mnuchin?
Donald Trump's pick to lead the Treasury Department is, like the president-elect, a political outsider. We look at Steven Mnuchin's career trajectory, from Wall Street to Hollywood and, now, to the corridors of power in Washington, D.C.
Trump Cabinet
As a candidate, Donald Trump was quick to criticize Wall Street, but that's where the president-elect found two key figures for his economic team. He chose Steve Mnuchin, a life-long Wall Street financier, for Treasury secretary and billionaire businessman Wilbur Ross for Commerce secretary. Major Garrett reports.
Trump Cabinet picks
President-elect Trump made three more Cabinet picks Monday: Campaign finance director Steven Mnuchin for treasury secretary, Rep. Tom Price for health secretary, and Elaine Chao for transportation secretary. Major Garrett has details.
Trump's Cabinet picks
President-elect Donald Trump is expected to announce more Cabinet appointments next week. Former New York City Mayor Rudolph Giuliani is the leading candidate for secretary of state. Former Goldman Sachs executive Steve Mnuchin will be tapped for treasury secretary, and the new commerce secretary will likely be billionaire investor Wilbur Ross. Trump also announced Friday three picks to his national security team. Weijia Jiang reports.
12/1: Red and Blue
AG Barr: No evidence of widespread voter fraud; Rallying voters for Georgia's Senate runoffs
Time running out to pass more COVID relief
With just nine days to go until the Senate adjourns until 2021, time is running out for more pandemic aid to be passed before key unemployment programs and eviction protections lapse at the end of December. CBS News political correspondent Ed O'Keefe, CBS News chief congressional correspondent Nancy Cordes, and Politico White House reporter and associate editor Anita Kumar spoke to "Red and Blue" host Elaine Quijano about where negotiations stand, plus the breaking news on a tax investigation into Hunter Biden.
Mnuchin makes $916 billion offer to Pelosi for COVID relief bill
The Treasury secretary said he had spoken to the speaker about an offer as time runs out for Congress to pass a bill.
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.
Biden unveils senior members of economic team
President-elect Joe Biden has unveiled senior members of his economic team. His nominee for treasury secretary, Janet Yellen, would be the first woman in that role, and his choice for budget director, Neera Tanden, would be the first woman of color to run the Office of Management and Budget. CBS News political producer Rebecca Kaplan joins CBSN to discuss what lawmakers are saying about those picks as well as the latest on coronavirus relief.
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.
Mnuchin move to end some Fed emergency loan programs
"The Treasury and Fed play Battleship in tainted Covid waters," one leading economist said of the year-end move.
Coronavirus relief deal still elusive as Pelosi details outstanding issues
Pelosi placed the blame for the ongoing stalemate squarely on the Trump administration.
Intel officials see foreign election interference
Intelligence officials say Iran and Russia are interfering in the U.S. campaign. The announcement came as both presidential candidates are preparing for the final debate tonight. CBS News White House correspondent Paula Reid joins CBSN to talk about the latest.
Trump, Pelosi, McConnell at odds on stimulus
House Speaker Nancy Pelosi is citing progress in stimulus relief talks with the White House as tens of millions of Americans struggle in the midst of the coronavirus pandemic. But Senate Majority Leader Mitch McConnell is not on board. Meanwhile, President Trump is hitting the campaign trail and walked out early on a "60 Minutes" interview taping. CBS News White House correspondent Paula Reid joins CBSN with the latest developments.
McConnell urged White House not to make stimulus deal ahead of election
The Senate Majority Leader told Senate Republicans on Tuesday that he had warned the White House against making a deal.
Deadline nears for stimulus relief deal
House Speaker Nancy Pelosi says the White House is running out of time to agree to terms of a stimulus relief package if President Trump wants a deal before Election Day. CBS News political reporter Grace Segers joined CBSN to give the latest on those talks.
Coronavirus relief bill deadline looms
House Speaker Nancy Pelosi says today is the deadline for reaching a deal for a coronavirus relief bill before Election Day. While negotiators reported progress between congressional Democrats and the White House, the two sides are still far apart on important issue. CBS News chief congressional correspondent Nancy Cordes joins CBSN to break down what to expect on this decisive day.
Grand jury refuses to re-indict Letitia James
Federal prosecutors on Thursday presented an indictment of New York Attorney General Letitia James to a grand jury in Norfolk, Virginia.
Supreme Court allows Texas GOP to use new redistricted map for now
Texas approved a new congressional map this summer after Trump urged state GOP lawmakers to craft new House district lines to help Republicans hold onto their majority in the 2026 midterms.
Lawmakers see video of boat strike, say admiral testified there was no kill order
"What I saw in that room was one of the most troubling things I've seen in my time in public service," Democratic Rep. Jim Himes said.
FBI arrests suspect in 2021 D.C. pipe bomb case, identified as Virginia man
Authorities say the FBI has arrested a man suspected of placing pipe bombs outside RNC and DNC headquarters on the eve of the Jan. 6, 2021, Capitol riot.
Trump thinks tariff revenue could replace income taxes. Is that possible?
President Trump suggested Americans won't have to pay personal income taxes "in the not-too-distant future" because of rising U.S. tariffs.
U.S. tightens immigration work permits in latest move to expand crackdown
The Trump administration said it would reduce the period of time that work permits are valid for refugees, asylees and other immigrants granted legal protections in the U.S.
Trump hires new architect for ballroom
The current architect, with whom President Trump has some disagreements, will remain on the White House ballroom team, sources said.
ICE begins surge in Minnesota as Trump pushes for crackdown on Somali immigrants
ICE began enhanced operations in the Minneapolis-St. Paul area this week, as President Trump rails against Somali people in Minnesota.
Appeals court lets Trump admin. keep National Guard deployed in D.C. for now
A U.S. District Court decision to end the deployment of National Guard members to Washington, D.C., is now on hold.
U.S.
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Appeals court lets Trump admin. keep National Guard deployed in D.C. for now
A U.S. District Court decision to end the deployment of National Guard members to Washington, D.C., is now on hold.
4 killed in latest strike on alleged drug boat, Pentagon says
At least 87 people have been killed since the vessel strikes began in early September.
Grand jury refuses to re-indict Letitia James
Federal prosecutors on Thursday presented an indictment of New York Attorney General Letitia James to a grand jury in Norfolk, Virginia.
Supreme Court allows Texas GOP to use new redistricted map for now
Texas approved a new congressional map this summer after Trump urged state GOP lawmakers to craft new House district lines to help Republicans hold onto their majority in the 2026 midterms.
This week on "Sunday Morning" (Dec. 7)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
MoneyWatch
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These U.S. cities have seen the biggest rent increases since 2020
Rents in the 50 largest cities have surged by hundreds of dollars per month over the last five years, a LendingTree analysis found.
Employers have cut 1.1 million jobs this year. Here's why.
Job cuts so far this year are at their highest levels since 2020, new report says.
Trump thinks tariff revenue could replace income taxes. Is that possible?
President Trump suggested Americans won't have to pay personal income taxes "in the not-too-distant future" because of rising U.S. tariffs.
Trump moves to roll back fuel economy standards set under Biden
The Trump administration proposed rules that would weaken fuel economy standards for vehicles set under President Biden in 2024.
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Politics
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Jasmine Crockett called Texas Senate race contenders as she weighs jumping into fray
As intrigue grows over whether Texas Democratic Rep. Jasmine Crockett plans to announce a U.S. Senate campaign next week, she confirmed to CBS News she's spoken with would-be opponents.
Appeals court lets Trump admin. keep National Guard deployed in D.C. for now
A U.S. District Court decision to end the deployment of National Guard members to Washington, D.C., is now on hold.
Operations against Houthis played into Truman Strike Group accidents, Navy finds
Investigations released by the Navy into accidents involving the Truman Carrier Strike Group recommended ensuring processes are followed even when faced with adversity.
4 killed in latest strike on alleged drug boat, Pentagon says
At least 87 people have been killed since the vessel strikes began in early September.
ICE begins surge in Minnesota as Trump pushes for crackdown on Somali immigrants
ICE began enhanced operations in the Minneapolis-St. Paul area this week, as President Trump rails against Somali people in Minnesota.
HealthWatch
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Could pets be next for weight loss drugs? Here's what to know about a study.
A clinical study into weight loss drugs for pets just launched, with results from the trial expected by next summer.
CDC panel postpones vote on hepatitis B vaccine for newborns
The CDC's vaccine advisory panel meets Thursday and Friday to discuss recommendations for the hepatitis B vaccine and the schedule of childhood shots.
12 ex-FDA leaders criticize claims made by agency's current vaccine chief
The former officials said the FDA's plans to revamp how certain life-saving vaccines are handled would "disadvantage the people the FDA exists to protect, including millions of Americans at high risk from serious infections."
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
How to avoid holiday stress
The holiday season can be a wonderful, but also stressful time – filled with unrealistic expectations. A recent poll found 41% of adults anticipate more holiday stress this year. Psychiatrist Dr. Sue Varma has tips to unwind during the holidays.
World
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Operations against Houthis played into Truman Strike Group accidents, Navy finds
Investigations released by the Navy into accidents involving the Truman Carrier Strike Group recommended ensuring processes are followed even when faced with adversity.
4 killed in latest strike on alleged drug boat, Pentagon says
At least 87 people have been killed since the vessel strikes began in early September.
U.K. and Norway sign pact to "hunt Russian submarines" in North Atlantic
The United Kingdom and Norway have signed a pact to create a naval alliance in the North Atlantic, aimed at protecting undersea cables and hunting Russian submarines.
Inside a Ukrainian drone pilot training facility
The facility teaches both civilians and military personnel the skills to fly drones and hit targets.
Lawmakers see video of boat strike, say admiral testified there was no kill order
"What I saw in that room was one of the most troubling things I've seen in my time in public service," Democratic Rep. Jim Himes said.
Entertainment
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Entertainment
Lucy Liu talks new movie, "Rosemead"
Lucy Liu talks about starring in and producing the movie "Rosemead," why she says the story resonates universally and reflecting on personal experiences for the film.
Steve Cropper, acclaimed guitarist for Booker T. and the M.G.'s, dies at 84
Steve Cropper co-wrote several classics, including "(Sittin' on) the Dock of the Bay," "Green Onions" and "In the Midnight Hour."
Kaytranada on rise to fame and his new album
Grammy winning DJ and producer Kaytranada has become one of the most influential voices in dance and electronic music, and has collaborated with top artists. He spoke with "CBS Mornings" about his latest album, touring and his journey in music.
Richie Moriarty talks 5th season of "Ghosts"
Actor and comedian Richie Moriarty talks with "CBS Mornings" about the fifth season of the comedy series "Ghosts," what's next for his character and how the cast has bonded.
At home with Architectural Digest
For more than a century, the pages of Architectural Digest magazine have captured not only timeless designs but also the spirit of their subjects' homes. Their distillation of private spaces is featured in a new book, "AD at Home: Architectural Digest." Serena Altschul talks with editor Amy Astley about the magazine's treatments; and with actor Liev Schreiber and designer Marc Jacobs about what it means to open up one's living space to the magazine's photographers.
Technology
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Technology
Politico: Trump admin. looks to robotics
Leaders in the robotics industry say that to strengthen AI, companies also need a plan for robots. The White House appears to be listening. Yasmin Khorram, economic policy reporter for Politico, joins CBS News to discuss her article on the topic.
Google's top search trends in 2025
Google has released its list of the 2025 top search trends. Robert Ferrera, a Google Trends expert, joins CBS News with more.
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.
India revokes order for phone makers to install security app amid uproar
India's government, amid an uproar over privacy, has revoked an order quietly issued to smartphone makers to pre-install a state-run security app.
OpenAI responding to Google's moves: WSJ
OpenAI has declared a "code red" as Google threatens to unseat the AI industry's early leader, according to the Wall Street Journal. Technology journalist Jacob Ward joins CBS News to discuss.
Science
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"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Sick ants invite self-sacrifice to save colony: "Come and kill me"
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
Mystery owner of ancient foot found in Africa identified, scientists say
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Most dogs have wolf DNA. These breeds have more than others.
Wolf DNA seems to have influenced the size, smelling power and even personality of modern dog breeds, scientists said.
Crime
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Crime
Listen to 911 call from Luigi Mangione arrest
Newly unsealed evidence sheds light on Luigi Mangione's arrest at a Pennsylvania McDonald's. CBS News legal reporter Katrina Kaufman has the details.
New details in Mangione pretrial hearing
Luigi Mangione's pretrial hearing continued on Thursday, one year after UnitedHealthcare CEO Brian Thompson was killed. CBS News legal reporter Katrina Kaufman has more.
Suspect arrested in D.C. pipe bomb case
A suspect is in custody nearly five years after two pipe bombs were planted in Washington, D.C., the night before the Jan. 6 Capitol riot. Attorney General Pam Bondi said 30-year-old Brian Cole Jr. was arrested in Virginia on Thursday morning. CBS News' Anna Schecter has more.
What we know about 2021 D.C. pipe bomb suspect
Federal authorities on Thursday arrested a suspect in the case of two pipe bombs placed outside the Democratic and Republican National Committee headquarters the night before the Jan. 6th Capitol riot. CBS News senior White House reporter Jennifer Jacobs has the details.
Day 3 of Luigi Mangione pretrial hearing
Luigi Mangione's pretrial hearing continued Thursday in New York. CBS News' Anna Schecter has the details.
Space
More Space
"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Air Force approves SpaceX launch pad expansion
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
Geomagnetic storm watch issued after powerful solar flare
Solar flares and other activity can disrupt radio communications, power grids and navigation signals, according to NASA.
Scientists think they've detected lightning on Mars: "Missing piece of the puzzle"
Researchers have documented 55 instances of "mini lightning" over two Martian years by eavesdropping on the whirling wind recorded by NASA's Perseverance rover.
Russia sends a NASA astronaut, 2 cosmonauts, up to the space station
The new space station crew includes American Chris Williams, who holds a Ph.D. in astronomy and is a board-certified medical physicist at Harvard Medical School.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Robert Redford 1936-2025
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
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
More Latest CBS News Videos
Latest CBS News Videos
Luigi Mangione arrest video played in court
On the one-year mark of the fatal shooting of UnitedHealthcare CEO Brian Thompson on a New York City sidewalk, a hearing was held to determine what evidence is admissible in the trial of his accused killer, Luigi Mangione. Alice Gainer reports.
FBI arrests suspect in 2021 D.C. pipe bomb case
A northern Virginia man was arrested and accused of placing two pipe bombs outside the Democratic National Committee and Republican National Committee headquarters on the eve of the Capitol riot on Jan. 6, 2021. Scott MacFarlane has details.
Arctic blast grips U.S. as temperatures plummet
An early season Arctic blast sent shivers through the Midwest and Northeast as temperatures tumbled far below normal. Lana Zak reports and Lonnie Quinn has the forecast.
$1.6 million raised for elderly man still working
For most of his life, Ed Bambas worked toward his American dream. But in 2019, at 82, he found himself doing what most retirees never imagine: going back to work. That was, until a stranger approached him with a question. Tom Hanson has the story.
White House Christmases of past, present
President Trump and first lady Melania Trump lit the national Christmas tree on Thursday. Melania's White House Christmas theme this year is "Home Is Where the Heart Is." White House expert Jennifer Pickens joins CBS News to discuss.