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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.
Supreme Court blocks new Postal Service rules for mail ballots in blow to Trump
The Supreme Court left intact a ruling that blocked the U.S. Postal Service from enforcing new regulations for mail voting, rejecting the Trump administration's effort to move forward with the rules in the midterms.
First on CBS
Air Force officer prayed while "free-falling" after being shot down in Iran
Badly wounded and alone in Iran's desert, downed U.S. Air Force officer Dude 44 Bravo evaded capture for days as the Iranian forces and the U.S. military searched for him.
Live
Iran war has cost well over $33.4 billion, Pentagon report says
The Iran war has cost the U.S. military at least $33.4 billion - most of it on munitions - and not including hundreds of millions more spent by other agencies, the Pentagon says.
Outcome of employment lawsuit could promote use of skimpy health plans
A long-running lawsuit challenging what it means to be an employee and therefore have access to work-based health plans is being closely watched by health policy analysts.
Macklemore dropped from Ed Sheeran's tour following pro-Palestinian remarks
Performer Macklemore is being dropped from Ed Sheeran's Loop tour after making on-stage statements that some found controversial.
Mitch McConnell returns to Capitol Hill after monthslong absence
GOP Sen. Mitch McConnell of Kentucky returned to Capitol Hill on Monday for the first time in three months, ending a prolonged absence that sparked widespread speculation about his health.
Who won Emmys for 2026? See the full winners list here.
The 78th Primetime Emmy Awards celebrated the best in television and streaming from the past year on Monday. See the full list of winners and nominees.
Exclusive
Blanche defends mail ballot changes, says election practices are being probed
Attorney General Todd Blanche fiercely defended the Trump administration's push to impose tighter mail voting rules, telling CBS News the DOJ is examining election practices in multiple states.
Investigation
Loopholes and shady practices taint U.S. surrogacy industry
Lured by promises of payment and a desire to help other families, surrogates discover they have few protections from practices that cast a "dark shadow" over the industry.
U.S.
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Ross Fire still burning, with over 90,000 acres scorched
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
Pentagon inspector general says Iran war has caused weapons shortages
The first-of-its-kind report acknowledges the military's munition shortfall and details some of the losses of American assets so far as part of Operation Epic Fury.
Who won Emmys for 2026? See the full winners list here.
The 78th Primetime Emmy Awards celebrated the best in television and streaming from the past year on Monday. See the full list of winners and nominees.
AI companies must ensure their tech is safe, says top Trump adviser on AI
In an interview with CBS News, Sacks suggested that fears AI could harm people are overblown. "I think this is becoming a panic," he said.
Exclusive
Blanche vows to release more 9/11 docs: "We're not protecting people"
Attorney General Todd Blanche says the government is not withholding documents to protect another country, days after 9/11 families publicly appealed to the Trump administration for more information to be released.
MoneyWatch
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Outcome of employment lawsuit could promote use of skimpy health plans
A long-running lawsuit challenging what it means to be an employee and therefore have access to work-based health plans is being closely watched by health policy analysts.
AI companies must ensure their tech is safe, says top Trump adviser on AI
In an interview with CBS News, Sacks suggested that fears AI could harm people are overblown. "I think this is becoming a panic," he said.
The AI bubble is leaking air, some economists say. Should investors worry?
AI has fueled a stock boom in recent years. Now, some Wall Street analysts think that epic run is coming to an end.
The U.S. economy faces mounting headwinds. Here are the top risks.
Rising energy costs, persistently high inflation and mounting federal debt are clouding the outlook for the U.S. economy — and Americans' finances.
Tech stocks slump after AI execs call for industry slowdown
The tech-heavy Nasdaq slumped 147 points on Monday after AI company executives called for a slowdown in developing the technology.
Politics
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Exclusive
Blanche defends mail ballot changes, says election practices are being probed
Attorney General Todd Blanche fiercely defended the Trump administration's push to impose tighter mail voting rules, telling CBS News the DOJ is examining election practices in multiple states.
Trump nominates Lee Greenwood's wife to serve as ambassador to Barbados
President Trump on Monday nominated Kimberly Greenwood, the wife of "God Bless the USA" singer Lee Greenwood, to serve as ambassador to Barbados and several other Caribbean countries.
Democrats vow to investigate Trump pardon brokers if party controls Congress
Senior Democratic lawmakers vowed to investigate the new market that has sprung up around President Trump's pardons, citing CBS News video that aired in a 60 Minutes report.
Supreme Court blocks new Postal Service rules for mail ballots in blow to Trump
The Supreme Court left intact a ruling that blocked the U.S. Postal Service from enforcing new regulations for mail voting, rejecting the Trump administration's effort to move forward with the rules in the midterms.
Exclusive
Blanche vows to release more 9/11 docs: "We're not protecting people"
Attorney General Todd Blanche says the government is not withholding documents to protect another country, days after 9/11 families publicly appealed to the Trump administration for more information to be released.
HealthWatch
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Outcome of employment lawsuit could promote use of skimpy health plans
A long-running lawsuit challenging what it means to be an employee and therefore have access to work-based health plans is being closely watched by health policy analysts.
Pennsylvania woman dies of measles complications, coroner reports
A 40-year-old woman died on Saturday from complications associated with measles, the coroner reported.
Strange symptom and a "weird" referral led to surprise Stage 4 cancer diagnosis
Kate Ping thought she was just stressed out. A nurse practitioner's surprising recommendation led to a shocking diagnosis.
Trump admin. to send $500 checks to nearly 1 million ACA enrollees
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
Record-setting cyclospora outbreak is over, U.S. health officials say
The Centers for Disease Control and Prevention said there is no longer a risk of people getting sick with cyclosporiasis from this outbreak and is confident that all related iceberg lettuce is off the market.
World
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Trump nominates Lee Greenwood's wife to serve as ambassador to Barbados
President Trump on Monday nominated Kimberly Greenwood, the wife of "God Bless the USA" singer Lee Greenwood, to serve as ambassador to Barbados and several other Caribbean countries.
After losing son, couple welcomes daughter born from embryo frozen for 22 years
The couple named their daughter Georgia in honor of their late son, Giorgos.
Iran's proxies using Yemen to compound war's impact on oil prices
An attack on a Saudi Arabian pipeline and a simmering war between the Saudis and Iran's Houthi allies in Yemen are pushing oil prices up.
Shark attacks, injures surfer at popular beach in Australia
Scientists believe increasingly crowded waters and rising ocean temperatures are shifting sharks' migratory patterns, which may be contributing to a rise in attacks.
Sweden faces political uncertainty as election deals far-right a blow
Sweden's left-wing opposition are holding a slim lead after an election that saw the far-right's share of the vote
Entertainment
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Who won Emmys for 2026? See the full winners list here.
The 78th Primetime Emmy Awards celebrated the best in television and streaming from the past year on Monday. See the full list of winners and nominees.
Looking back at Bob Mackie's looks and life
Bob Mackie, a fashion icon known for elevating Hollywood's leading ladies and pop stars for decades, died on Monday at 87. Meg Oliver looks back on his signature looks and his life.
CBS News interviews an AI "actor"
The first so-called AI actor, Tilly Norwood, is on a promotional tour for an upcoming movie produced by a British company. CBS News correspondent Leigh Kiniry interviewed the AI on the film "Misaligned."
Macklemore dropped from Ed Sheeran's tour following pro-Palestinian remarks
Performer Macklemore is being dropped from Ed Sheeran's Loop tour after making on-stage statements that some found controversial.
Iconic designer Bob Mackie dies at 87. See photos of legendary stars he dressed.
Dubbed the "Designer to the Stars," Bob Mackie won nine Emmy Awards, a Tony Award and was nominated for three Oscars.
Technology
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Technology
Rep. Sam Liccardo on AI regulation
While artificial intelligence leaders are uniting to slow development, lawmakers are split over the government's role in regulating the industry and how to balance safety concerns with efforts to stay ahead of China in the AI race. Democratic Rep. Sam Liccardo of California joins CBS News with his take.
Jeffries calls for immediate action on AI
On Capitol Hill, lawmakers returning from the summer recess are weighing in with differing views on how much government regulation on artificial intelligence is necessary. New York Times congressional correspondent Robert Jimison joins to discuss.
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.
Extended interview: David Sacks
David Sacks, a key adviser to President Trump on technology, believes fears that AI could threaten humanity are overblown. In an exclusive interview with CBS News' Jo Ling Kent, Sacks delivers a message to tech leaders including Anthropic CEO Dario Amodei, argues that a "pause" on AI development could cause the U.S. to fall behind China in the AI race, and discusses more about the importance of tech.
What could a global pause on AI look like?
Several top tech CEOs are calling for a slowdown in artificial intelligence development amid industry concerns that the technology is spiraling out of control. In a recent New York Times opinion piece, investigative journalist Stephen Witt argues that slowing down may not be enough. Witt joins CBS News to explain.
Science
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Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
First-ever adult T. rex trackway found in North Dakota
Paleontologists have identified the first known trackway made by a full-grown Tyrannosaurus rex, and the discovery was made in the North Dakota badlands.
Ig Nobel prizes go to scientists studying cockroach milk, nose-blowing, more
Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners.
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.
Crime
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Crime
New details on Clancy holdout juror
The holdout juror in Lindsay Clancy's murder trial faced a domestic violence charge in 2021, but it was later dismissed, police records show. CBS News' Shanelle Kaul has more.
Lindsay Clancy juror speaks out
Paula Devlin, a juror in the murder trial of Lindsay Clancy, sat down with Shanelle Kaul to share her experience with the high-profile case and tense deliberations that ultimately ended in a mistrial.
Man arrested in death of Tasia Fortune, woman found hanging from tree
Mississippi police have arrested a man in the death of Tasia Fortune, a Black woman found hanging from a tree last month.
State of al‑Qaeda 25 years after 9/11 attacks
25 years after 9/11, we rarely hear about the state of the organization responsible for the attacks. The Atlantic recently put out a piece on al-Qaeda that says in part, "analysts can't decide if the terrorist organization is all but defunct or more threatening than ever." The article's author, Graeme Wood, joins "The Takeout" to discuss.
New terror threats against U.S. post 9/11
The FBI is warning of potential attacks on 9/11 remembrance ceremonies as terrorist groups call for new strikes on U.S. soil. Anna Schecter 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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Latest CBS News Videos
Tech stock selloff amid AI concerns
Calls for a slowdown in AI development sparked a global selloff in tech stocks on Monday. Jessica Inskip, the director of investor research at StockBrokers.com, joins "The Daily Report" to discuss.
Rep. Sam Liccardo on AI regulation
While artificial intelligence leaders are uniting to slow development, lawmakers are split over the government's role in regulating the industry and how to balance safety concerns with efforts to stay ahead of China in the AI race. Democratic Rep. Sam Liccardo of California joins CBS News with his take.
John Calipari on Protect College Sports Act
President Trump is urging Congress to pass the Protect College Sports Act. It would establish new guidelines and protections for name, image and likeness payments, and regulate issues like the transfer portal and how much teams can spend on their rosters. University of Arkansas head coach John Calipari joins to discuss his support for the bill.
Vance makes announcement on loans
Vice President JD Vance announced on Monday that people suspected of defrauding COVID-era programs will be barred from future federal loans.
Jeffries calls for immediate action on AI
On Capitol Hill, lawmakers returning from the summer recess are weighing in with differing views on how much government regulation on artificial intelligence is necessary. New York Times congressional correspondent Robert Jimison joins to discuss.