Air is rushing out of the post-election stock bubble
Fear of gridlock in Washington is eroding the ebullient sentiment that Wall Street has floated on since November
Tax Reform
Wall Street’s worst day since before Trump’s election
The Dow industrials and S&P 500 sell off by more than 1 percent for the first time in 110 trading sessions
Girding for a serious tax battle, retailers turn to funny ads
The National Retail Federation will air its “Saturday Night Live”-like infomercial parody about the GOP's border tax on...SNL
What Trump can learn from Reagan on tax reform
The president's 2016 overhaul faces huge obstacles – so looking at how his predecessor did it in 1986 might help
Why federal debt may have to explode before it shrinks
Trump's budget and tax strategy will likely cause the deficit to spike, but that may be the only way to get growth to climb
Wall Street wonders: Can Trump deliver the goods?
As the president prepares to address Congress on his plans, investing pros worry that his ambitious plans may bog down
Wall Street's 2017 is starting to echo 1987
For many of the same reasons, the Dow has now matched that year's best-ever run -- which ended in a market crash
Report: Treasury secretary eyes "ambitious timeline" for tax reform
Mnuchin admitted that it's an ambitious timeline and it could slip to later in the year
5 things that could stymie stocks' steady rise
Wall Street's relentless surge has the Dow nearing 21,000, but investors may be ignoring these undermining forces
Trump begins his second month in White House with major items on his plate
The administration is trying to make progress on healthcare and tax reform as Trump tries to move past controversies the dominated his first month
How would a "border adjustment tax" affect Americans?
This part of the GOP's massive corporate tax reform strategy could mean higher prices for consumers
Some Republicans hesitant to repeal Obamacare without replacement
Meanwhile, Senate Democrats stage late night talk-a-thon to condemn GOP rush to repeal health-care law
Trump's high-powered CEO council draws scrutiny
Among the power players advising the president-elect are chiefs of companies that hoard billions in corporate cash overseas
Speaker Ryan wants "leaner, meaner" tax code
House Speaker Paul Ryan says tax reform is the way to grow the economy
For some in middle class, Trump plan would hike taxes
Analysis of Trump's tax ideas shows most middle-class families would see modest cut -- but nearly 8 million would pay more
If Clinton wins, consider these tax moves before year-end
Given the changes the Democrat front-runner is proposing, your tax planning may need some shifting after Nov. 8
Commentary: Trump's tax dodge -- what's fair got to do with it?
For economists, Donald Trump's $916 million tax write-off offers a prime example of how hard it is to measure tax fairness
Comparison: Trump vs. Clinton on the economy
The two presidential candidates have offered competing proposals to create jobs and grow the economy - how do their plans stack up?
Marco Rubio defends tax reform proposals
Critics worry Rubio's ambitious tax plans would explode the federal deficit, but the GOP candidate says otherwise
How will Donald Trump pay for his economic proposals?
GOP candidate tells "Face the Nation" the key to paying for his ambitious agenda, including his tax reform plans, is economic growth
Live
Iran says deal with U.S. requires Israeli forces to leave Lebanon
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.
Trump-backed Rep. Mike Collins projected to win Georgia GOP Senate primary runoff
Rep. Mike Collins will face off against Democratic Sen. Jon Ossoff in November as Republicans look to Georgia to deliver a key GOP victory that could determine control of the Senate.
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.
U.S.
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Trump-backed Rep. Mike Collins projected to win Georgia GOP Senate primary runoff
Rep. Mike Collins will face off against Democratic Sen. Jon Ossoff in November as Republicans look to Georgia to deliver a key GOP victory that could determine control of the Senate.
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.
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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Trump-backed Rep. Mike Collins projected to win Georgia GOP Senate primary runoff
Rep. Mike Collins will face off against Democratic Sen. Jon Ossoff in November as Republicans look to Georgia to deliver a key GOP victory that could determine control of the Senate.
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.
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
Former FBI agent on alleged UFC attack plot
Law enforcement sources tell CBS News officials allegedly seized weapons, thousands of rounds of ammunition, and tactical gear while conducting search warrants in connection with the foiled plot to attack the UFC event at the White House over the weekend. CBS News security and law enforcement contributor Lance Leising has more.
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.
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
Former FBI agent on alleged UFC attack plot
Law enforcement sources tell CBS News officials allegedly seized weapons, thousands of rounds of ammunition, and tactical gear while conducting search warrants in connection with the foiled plot to attack the UFC event at the White House over the weekend. CBS News security and law enforcement contributor Lance Leising has more.
Study: Online views on democracy vary by platform
A new Gallup study reveals that social media users across platforms differ in how they express their views on democracy. Dr. Ellyn Maese, senior researcher at Gallup and author of the study, joins CBS News to unpack the findings.
Extended interview: Sen. Raphael Warnock
In this extended interview, CBS News chief Washington correspondent Major Garrett sits down with Democratic Sen. Raphael Warnock of Georgia to discuss the Iran war, voting rights and morality in America.
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.