Why the GOP can't just simply cut taxes
The party that lives for this chance is confronting devilishly difficult conflicts to get where it wants to go
Tax Reform
White House aims to get tax overhaul bill to Congress in Sept.
National Economic Council Director Gary Cohn, doesn't want "to be negotiating a bill on the floor" when it comes to tax reform
Paul Ryan vows tax code will be overhauled in 2017
Ryan said lawmakers are moving "full speed ahead" on getting transformational tax reform done
Trump's tax overhaul at risk from pushback on import tax
Not one Republican senator has publicly endorsed a key part of President Donald Trump's tax reform plan
Kochs unveil campaign to ‘jolt’ stalled tax debate
The Koch Brothers are preparing to spend millions to ensure plans for tax reform aren't lost
Will James Comey firing hobble Trump's economic agenda?
President's dismissal of FBI chief could delay his tax plan until 2018, also thwarting other economic stimulus
Trump says his administration is killing loophole that "was great for me"
The president addressed the loophole in a wide-ranging interview with "Face the Nation's" John Dickerson
Gary Cohn speaks to "CBS This Morning": Full transcript
National Economic Council Director Gary Cohn discussed President Trump's tax plan and efforts to repeal and replace Obamacare
Cohn says people are "wasting time" on Trump's tax returns
Gary Cohn, director of the National Economic Council, said people are "wasting time" trying to get President Donald Trump to release his tax returns
Is Trump's tax cut the biggest ever? Nope
Treasury Secretary Steven Mnuchin touts the president's tax framework as the largest -- looks like Ronald Reagan's was larger
Treasury secretary on how Trump tax plan will be paid for
"The American economy has been held back and this is about unleashing economic growth," says Treasury Secretary Steven Mnuchin
Mnuchin confirms corporate tax rate cut planned
Mnuchin confirmed that tax plan the White House is announcing today includes proposal to drive down the corporate tax rate to 15 percent
Massive Trump tax cuts face big hurdles as debt mounts
President Donald Trump is proposing tax cuts for individuals and businesses even as Washington struggles with mounting debt.
What's in Trump's tax reform plan to be released this week?
The president is expected to unveil his plan on Wednesday
Trump aims to end Obama's ban on "tax inversions"
Presidential order could blunt rule that banned companies from avoiding taxes by moving their legal address overseas
Deficit hawks warn: Tax reform must be paid for
Administration says growth could finance tax reform, but GOP senate aide says any plan that swells deficit is “dead on arrival”
Trump says tax bill with "massive" cuts coming next week
Bills on health care reform and a government funding measure are also expected to go to vote next week when Congress returns from recess
Treasury secretary: Growth will pay for "majority" of tax reform
Steve Mnuchin acknowledges eliminating loopholes and deductions will finance only a portion of the administration's overhaul plan
House panel to begin tax reform hearings next week
Hearings on the House tax reform blueprint will be "starting next week," according to House Ways and Means Committee Chairman Kevin Brady
Mnuchin says tax reform by August unlikely
He had predicted in February that Congress would be able to pass legislation to overhaul the tax system before their August recess
Ryan and Pelosi agree: No agreeing on health care
Both the House speaker and Democratic leader see little hope for bipartisan cooperation on the fractious issue, but what about the rest of the agenda?
Congressional Budget Office forecasts massive debt increase
America's debt-to-GDP ratio could nearly double in the next 30 years, posing "substantial risks," a new report warns
Economic optimism may be at a tipping point
Rarely have Americans (well, largely Republicans) felt this good about the economy and stocks, but doubts are creeping in
What's deflating the "Trumpflation" rally
After running hot for months, stocks have suddenly turned cold as the prospects of political gridlock gain strength
GOP health care failure will make tax reform much harder
House Speaker Paul Ryan insists that tax reform still not "impossible" but will be "more difficult"
Live
Iran says Israel must pull troops out of Lebanon under deal with U.S.
Iran's foreign minister says Israeli troops can't remain in Lebanon under the pending deal with the U.S.
Suspect at large after shooting at Wilmington Hospital leaves 1 dead, 1 injured
A suspect is on the run after shooting two people, including one fatally, at Wilmington Hospital in Delaware Tuesday, police said.
Trump invokes Defense Production Act to boost weapons manufacturing
President Trump has invoked the Defense Production Act to address constraints in the production of munitions, according to a presidential memo released Tuesday.
Feds reveal new details of alleged plot to attack White House UFC event
The FBI said it disrupted an attempt to attack Sunday's UFC America 250 event at the White House, with court records detailing an alleged plot to use small drones carrying explosives.
Senate rejects latest resolution to limit Trump's Iran war powers
The Senate narrowly rejected a war powers resolution on Iran as President Trump touts a framework agreement with Tehran to end the monthslong conflict.
17 horses killed in barn fire at Saratoga Casino Hotel Harness Track
The casino said some 350 horses are usually housed in the area, but the fire was contained before it could spread and only affected the one barn.
Alleged D.C. National Guard shooter could face death penalty with new charges
New charges were filed against a man accused of fatally shooting one National Guard member and gravely injuring another in Washington, D.C., opening the door for the DOJ to seek the death penalty if he's convicted.
U.S. citizen released, no charges after accusations of abuse in Colombia
A video of the alleged incident circulated widely on social media, but Colombia's president later said the man "apparently did not" abuse any children.
Georgia and Alabama GOP runoffs and more primaries to watch today
Voters are casting their ballots in four states and the District of Columbia on Tuesday, including the runoff race in Georgia to take on Democratic Sen. Jon Ossoff.
U.S.
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Alleged D.C. National Guard shooter could face death penalty with new charges
New charges were filed against a man accused of fatally shooting one National Guard member and gravely injuring another in Washington, D.C., opening the door for the DOJ to seek the death penalty if he's convicted.
17 horses killed in barn fire at Saratoga Casino Hotel Harness Track
The casino said some 350 horses are usually housed in the area, but the fire was contained before it could spread and only affected the one barn.
Suspect at large after shooting at Wilmington Hospital leaves 1 dead, 1 injured
A suspect is on the run after shooting two people, including one fatally, at Wilmington Hospital in Delaware Tuesday, police said.
What to expect as Kevin Warsh leads his first Fed interest rate meeting
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
Potential first tropical cyclone of the year developing in the Gulf
Forecasters have issued an advisory for the potential first tropical cyclone of the 2026 hurricane season, warning it could develop into a tropical storm by Wednesday.
MoneyWatch
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What to expect as Kevin Warsh leads his first Fed interest rate meeting
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
Yum! Brands sells struggling Pizza Hut in $2.7 billion deal
The sale will split ownership of the pizza chain between a U.S.-based private equity firm and a Chinese restaurant company.
SpaceX to buy AI coding assistant Cursor for $60 billion
The deal comes just days after SpaceX went public in the largest IPO in history, raising $75 billion to help fund its expansion.
Electricity costs expected to hit record this summer, new analysis finds
A new analysis projects how much Americans will pay for electricity from June to September, depending on their state of residence.
Hundreds of U.S. cities now have starter homes that cost $1 million
The number of metropolitan areas around the country with basic homes worth at least $1 million has tripled since 2020.
Politics
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Alleged D.C. National Guard shooter could face death penalty with new charges
New charges were filed against a man accused of fatally shooting one National Guard member and gravely injuring another in Washington, D.C., opening the door for the DOJ to seek the death penalty if he's convicted.
Trump invokes Defense Production Act to boost weapons manufacturing
President Trump has invoked the Defense Production Act to address constraints in the production of munitions, according to a presidential memo released Tuesday.
Senate rejects latest resolution to limit Trump's Iran war powers
The Senate narrowly rejected a war powers resolution on Iran as President Trump touts a framework agreement with Tehran to end the monthslong conflict.
Despite Trump's assurances, shippers wait and see on Strait of Hormuz
President Trump says there's a "safe, secure and pristine" route through the Strait of Hormuz, but major shipping companies aren't convinced.
Israel's recent attack in Lebanon was "too much," Trump says
President Trump, who is in France for the G7 summit, said he didn't like that Israel attacked Lebanon two hours before the U.S. signed an agreement with Iran.
HealthWatch
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Ebola outbreak still spreading in Congo: "We are missing cases"
A WHO official tells CBS News Ebola is still spreading in Congo after a month, as experts race to contain the outbreak in Central Africa.
American doctor who recovered from Ebola back in U.S., says he's "feeling well"
Dr. Peter Stafford, his wife, Rebekah Stafford, and their four children all arrived safely on Monday, according to Serge, a Pennsylvania-based Christian missions organization.
They're uninsured after Obamacare became too costly. They're far from alone.
After congressional Republicans let expanded subsidies for Affordable Care Act plans expire at the end of last year, some families have decided the price is too great of a financial burden and canceled their coverage.
Organic formula recalled after 3 babies diagnosed with infant botulism
The affected formula was sold at Target and at Nara.com, according to the Food and Drug Administration.
6/14: Sunday Morning
Hosted by Jane Pauley. Featured: The lack of obesity in Japan; Vice President JD Vance and second lady Usha Vance; former child star Bill Mumy; the past and future of the Houston Astrodome; a time capsule for America's 500th birthday; and soccer art made with gum wrappers.
World
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Senate rejects latest resolution to limit Trump's Iran war powers
The Senate narrowly rejected a war powers resolution on Iran as President Trump touts a framework agreement with Tehran to end the monthslong conflict.
Dead or stranded: Commercial sailors suffer in the Strait of Hormuz
India alone has more than 18,000 sailors stuck across the Persian Gulf region. Some tell CBS News it feels like they're "in jail."
Russian artist and Putin critic shot dead in Poland
Semyon Skrepetsky was known for performances and artwork attacking Russian President Vladimir Putin and other authoritarian leaders.
Despite Trump's assurances, shippers wait and see on Strait of Hormuz
President Trump says there's a "safe, secure and pristine" route through the Strait of Hormuz, but major shipping companies aren't convinced.
Ebola outbreak still spreading in Congo: "We are missing cases"
A WHO official tells CBS News Ebola is still spreading in Congo after a month, as experts race to contain the outbreak in Central Africa.
Entertainment
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Entertainment
America250 announces concert headliners, host
Chris Stapleton and The Smashing Pumpkins are set to headline America250's "America's Block Party Concert," with Queen Latifah set to host. Rosie Rios, the chair of America250, joins CBS News 24/7 with more.
A look at the adaptation of "I Will Find You"
Harlan Coben talks about casting for the Netflix adaptation of his 2023 bestselling novel "I Will Find You." The series stars Sam Worthington, who describes how fatherhood impacted him in his role and how he sees his character.
"Star Wars" lightsaber and more iconic film props going up for auction
Luke Skywalker's lightsaber from the "Star Wars" sequel "The Empire Strikes Back" is expected to sell for at least $1 million at an upcoming auction.
Serena and Venus Williams to play doubles together again, at Wimbledon
Serena and Venus Williams are getting back together as a doubles team, at Wimbledon. The last time the sisters were a doubles duo was at the 2022 U.S. Open, where they lost their opening match.
Billy Porter on "La Cage Aux Folles"
Billy Porter speaks with "CBS Mornings" about starring in the off-Broadway revival of the musical "La Cage Aux Folles," working with Wayne Brady and recent health issues.
Technology
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SpaceX to buy AI coding assistant Cursor for $60 billion
The deal comes just days after SpaceX went public in the largest IPO in history, raising $75 billion to help fund its expansion.
Anthropic to meet Trump officials, Axios says
Anthropic's senior staff is planning to meet with White House officials amid a recent dispute over the company's safety measures. Maria Curi, a tech reporter for Axios, has 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.
U.K. announces plan to ban social media for children under 16
U.K. Prime Minister Keir Starmer hopes to have a ban on kids using social media that is "designed to be addictive" enacted by early next year.
Prediction market traders face long odds
Prediction market platforms give fans the chance to make money on anything from predicting where Taylor Swift will get married to major sports. But a recent study found the top 1% of traders on Polymarket capture more than three-quarters of all gains. Jo Ling Kent spoke with a prediction market trader who wrote an AI-powered computer program to help him win big.
Science
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Science
Watch: Pentagon releases 6 new UFO videos
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Crime
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Crime
Police: Wilmington shooting suspect at large
Police in Delaware are still searching for a suspect who shot two people at Wilmington Hospital on Tuesday, officials said at a news conference. At least one person is dead and another injured.
FBI foils alleged murder plot at UFC fight
Federal prosecutors charged at least five people in connection with an alleged plot to kill the president and countless others at Sunday's UFC cage fight on the White House lawn. Ed O'Keefe reports.
5 charged in foiled White House UFC plot
The FBI disrupted an alleged plot targeting the White House UFC event, officials announced Tuesday. CBS News Department of Justice reporter Jake Rosen has the details.
Alleged D.C. National Guard shooter could face death penalty with new charges
New charges were filed against a man accused of fatally shooting one National Guard member and gravely injuring another in Washington, D.C., opening the door for the DOJ to seek the death penalty if he's convicted.
FBI investigating shooting in Washington State
Bullets flew in a northern Washington State neighborhood on Tuesday as federal agents engaged with a person near the Canadian border. The FBI is now investigating. CBS News' Shanelle Kaul reports.
Space
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NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
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.
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.
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?
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
Trump slams Israel, praises Iran at G7 summit
President Trump praised Iranian leaders while slamming his greatest ally in the Middle East, Israel, at the G7 summit on Tuesday. Nancy Cordes has more details.
Police: Wilmington shooting suspect at large
Police in Delaware are still searching for a suspect who shot two people at Wilmington Hospital on Tuesday, officials said at a news conference. At least one person is dead and another injured.
Boston embraces "Scottish invasion"
Forty thousand noisy tourists who drink your beer and clog your bars is normally not any city's idea of a good time, but Boston is loving it. The Scots have arrived to cheer on their first World Cup appearance of this millennium.
Prospective homeowners delaying purchases
The cost of a typical starter home has never been higher. Cristian Benavides has more in "Affordability in America."
Barn fire kills at least 17 racehorses
Just weeks before the start of the famed thoroughbred racing season in Saratoga, a fire tore through a barn there, killing at least 17 horses. Tom Hanson reports.