Trump tariffs have delayed interest rate cuts, Fed Chair Powell says
Federal Reserve Chief Jerome Powell said it is premature to lower interest rates, citing the potential impact of tariffs.
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Federal Reserve Chief Jerome Powell said it is premature to lower interest rates, citing the potential impact of tariffs.
President Trump's legislative agenda is one step closer to becoming a reality. The president's tax and budget bill passed the Senate on Tuesday by the slimmest possible margin, 51-50, with Vice President JD Vance casting the tie-breaking vote. Now the bill heads back to the House. CBS News' Nikole Killion and Nancy Cordes have more.
The Senate narrowly passed President Trump's massive tax and spending bill Tuesday after a marathon series of amendment votes.
Tesla shares have taken a hit as the world's richest person and President Trump continue to exchange jabs over the spending bill.
Economists warned that a barrage of new U.S. tariffs could trigger a renewed bout of inflation. So why aren't prices surging?
President Trump previously said diplomatic talks could resume as early as this week, but Iran's foreign minister said he didn't think they would "restart as quickly as that."
The Senate is holding a "vote-a-rama" on last-minute amendments to President Trump's "big, beautiful" spending bill. The legislation would extend Mr. Trump's 2017 tax cuts and increase money for immigration enforcement, but also includes deep cuts to Medicaid spending. CBS News' Caitlin Huey-Burns reports.
The GOP Senate version of the "big, beautiful bill" would raise the cost of wind and solar projects by 10% to 20%, one energy group estimated.
More than half the people ICE has detained under President Trump have no criminal conviction, while roughly 8% were convicted of violent crimes, an analysis of new data by CBS News finds.
The Trump administration said a failure by the university to enact certain changes would put at risk its access to federal financial resources.
A tax and spending package that is the centerpiece legislation of President Trump's second term agenda has drawn support from most Republicans on Capitol Hill and sharp criticism from Democrats who say it would benefit the rich and increase the deficit.
The Trump administration eliminated the CDC team that developed national guidelines for prescribing contraception safely for millions of women with underlying medical conditions.
The Senate is putting in extra hours on Saturday to kickstart President Trump's legislative agenda. Overnight, Republicans released the full text for an updated version of Mr. Trump's "big, beautiful bill," containing tax and spending cuts that could impact millions of Americans. Nikole Killion has the latest.
Now in its sixth month, President Trump's administration has become the antithesis of progress, many LGBTQ Americans say.
Lawyers for Kilmar Abrego Garcia are fighting to keep him in federal custody amid concerns the U.S. could deport him again. CBS News immigration and politics reporter Camilo Montoya-Galvez has more.
The S&P 500 and Nasdaq both hit new record highs earlier on Friday, led by news of the trade deal between the U.S. and China. However, the numbers closed mixed after the president pulled the plug on trade talks with Canada. MarketWatch tech and investing reporter Laila Maidan has more.
The Trump administration is ending a specialized LGBTQ+ youth suicide hotline option next month. It has been used by over 1 million people since the program started three years ago. Jaymes Black, CEO of the Trevor Project, joins "The Takeout" to discuss the impact.
The Supreme Court limited the power of federal judges to issue what's known as nationwide injunctions in a 6-3 decision along ideological lines. Both Republican and Democratic presidents have complained about getting held up in the court because of these injunctions. CBS News legal contributor Jessica Levinson has more.
President Trump said Friday the U.S. will stop all trade talks with Canada, effective immediately. CBS News chief White House correspondent Nancy Cordes has the details.
The Supreme Court handed President Trump a major victory on Friday by issuing a ruling that limits judges' ability to rein in his executive orders. Republican Sen. Ted Cruz of Texas joins "The Takeout" to discuss.
The Supreme Court sided with the Trump administration Friday by limiting the use of nationwide injunctions. This would shrink the power of federal judges to issue sweeping orders that have prevented certain policies by both Republican and Democratic administrations. CBS News correspondent Natalie Brand reports, and Stephen Spaulding, senior counsel at the Brennan Center for Justice, has analysis.
The Supreme Court made a landmark ruling on Friday, surrendering some of the judicial branch's own power, making it more difficult for judges to issue nationwide injunctions to presidential orders that could be considered unconstitutional. This leaves the fate of birthright citizenship unclear. CBS News chief legal correspondent Jan Crawford and former Deputy Assistant Attorney General Thomas Dupree have more.
President Trump took credit for the agreement, which many hope will put a clear end to decades of conflict.
President Trump said he'll let Canada know what their tariff rate on exports to the U.S. will be soon.
The Trump administration filed a lawsuit earlier this week against all 15 federal judges in Maryland over an order blocking migrant removals. The administration is accusing the state's federal judges of issuing "unlawful and anti-Democratic" orders. CBS News justice correspondent Scott MacFarlane has more.
The shooting Wednesday night in north Minneapolis came after ICE officers were attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
Potentially thousands have died from the crackdown to quash unrest amid protests.
Five congressional Democrats say they have received inquiries from the DOJ after they appeared in a video urging members of the military not to follow "illegal orders" — a move the lawmakers allege is political intimidation.
Two Republicans switched their votes after pressure from the White House.
Years after the first reports of Havana Syndrome emerged, U.S. officials have obtained and are testing a device that could be linked to the debilitating condition.
Jonathan Ross, who shot Renee Good in Minneapolis last week, suffered internal bleeding after the incident, two officials said, though it's not clear how extensive the bleeding was.
The Trump administration has not yet disclosed many details about the deal.
After the meeting, Denmark's foreign minister said they're eager to work with the U.S. while respecting the "red lines of the Kingdom of Denmark."
The State Department announced it will stop giving out visas to nationals of dozens of countries who are seeking to move to the U.S. permanently.
Boeing warned plane owners in 2011 about a broken part that contributed to last year's UPS cargo plane crash that killed 15 people, but at that time the plane manufacturer didn't believe it threatened safety, the NTSB said.
California Gov. Gavin Newsom says he is blocking Louisiana's effort to extradite a California doctor accused of mailing abortion pills out of state.
Whole milk is heading back to school lunch cafeterias.
A shooting occurred Wednesday night in north Minneapolis after ICE officers were attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
In 2023, life expectancy in the Loop was 87.3 years, while in West Garfield Park, life expectancy was just 66.6 years, according to the city's Health Department.
FIntech company Bilt pounced on the opportunity to roll out low-APR credi cards, as big banks push back on proposed rate cap.
Grok faces mounting scrutiny from government officials and advocacy groups after people used the AI chatbot to create sexualized images of minors and women.
A Verizon spokesperson told CBS News that an outage that customers reported beginning around noon Eastern Time had been resolved.
Mother of Colorado man who committed suicide in 2025 alleges that OpenAI's AI chatbot told him death was a "beautiful place."
Food prices in December saw their biggest jump in more than three years, data shows, while the cost of eating out has also risen.
A shooting occurred Wednesday night in north Minneapolis after ICE officers were attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
In 2023, life expectancy in the Loop was 87.3 years, while in West Garfield Park, life expectancy was just 66.6 years, according to the city's Health Department.
Five congressional Democrats say they have received inquiries from the DOJ after they appeared in a video urging members of the military not to follow "illegal orders" — a move the lawmakers allege is political intimidation.
Years after the first reports of Havana Syndrome emerged, U.S. officials have obtained and are testing a device that could be linked to the debilitating condition.
The State Department announced it will stop giving out visas to nationals of dozens of countries who are seeking to move to the U.S. permanently.
In 2023, life expectancy in the Loop was 87.3 years, while in West Garfield Park, life expectancy was just 66.6 years, according to the city's Health Department.
Illnesses linked to the New York-based Live it Up Super Greens brand powder were reported in 21 states from Aug. 22 to Dec. 30, 2025.
The U.S. Substance Abuse and Mental Health Services Administration, SAMHSA, lost around $1.9 billion in federal grants, which were abruptly terminated on Tuesday, a source said.
Every state will receive at least $100 million annually from the federal Rural Health Transformation fund, but some scored millions more based on their plans and willingness to pass policies embracing MAHA initiatives.
Roughly 1.4 million fewer Americans have signed up for an Affordable Care Act plan as expiring tax breaks drive up premiums.
Years after the first reports of Havana Syndrome emerged, U.S. officials have obtained and are testing a device that could be linked to the debilitating condition.
Rubina Aminian's mother forced her way into a morgue in search of her daughter, who her family says was shot in the head at close range.
Potentially thousands have died from the crackdown to quash unrest amid protests.
Steve Witkoff said the U.S. expects Hamas to immediately return the final deceased hostage as part of its obligations under the deal.
Experts tell CBS News what sort of options President Trump has to respond to Iran's brutal crackdown on protesters.
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
"Sinners" stars Michael B. Jordan, Miles Caton and Wunmi Mosaku talk to "CBS Mornings" about the movie's recent success at the Golden Globes, the atmosphere on set and what they learned through the process.
Actor Ali Larter plays Angela Harris, the ex-wife of an oilman played by Billy Bob Thornton in the Paramount+ series "Landman." She talks to "CBS Mornings" about the series, working with Thornton and how she landed her role.
In a video provided to TMZ on Tuesday, Timothy Busfield said the allegations "are all lies."
Francois Arnaud joins "CBS Mornings" to talk about the popular series "Heated Rivalry," based on the "Game Changers" book series. It follows rising hockey stars Shane Hollander and Ilya Rozanov. What begins as a fling between two rivals turns into a yearslong journey of love, denial and self discovery. Arnaud plays Scott Hunter, a closeted gay professional hockey player in the same league who has fallen in love with a smoothie shop worker. He talks about the message in the series and how it developed into a hit show.
A widespread Verizon outage hit the U.S. on Wednesday, leaving thousands of customers without service. CBS News' Karen Hua has more.
Grok faces mounting scrutiny from government officials and advocacy groups after people used the AI chatbot to create sexualized images of minors and women.
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.
Mother of Colorado man who committed suicide in 2025 alleges that OpenAI's AI chatbot told him death was a "beautiful place."
The Chinese mobile app "Are You Dead?" which sounds an alarm if a user doesn't check in every 48 hours, says it will drop its catchy name after it drew international media attention.
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
A shooting occurred Wednesday night in north Minneapolis after ICE officers were attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
The search continues in Virginia for a high school football coach charged with possessing child sexual assault material and using a computer to solicit a minor. CBS News breaking news correspondent Shanelle Kaul has the latest.
A trial is underway in northern Virginia for a man accused of plotting his wife's murder with help from his affair partner - the family's au pair. The former au pair was the first witness called to testify against Brendan Banfield. Jericka Duncan reports on the case.
The case has provoked anger and bewilderment from Russian politicians.
Crew 11 is expected to splash down off the coast of Southern California at 3:41 a.m. ET, closing out a 167-day stay in space.
The members of SpaceX Crew-11 undocked from the International Space Station on Wednesday, beginning their journey back to Earth. The crew is leaving a month early after NASA announced that an unnamed team member experienced an undisclosed "medical concern." Clayton Anderson, a former NASA astronaut who spent time on the ISS, joins "The Daily Report" to discuss.
Crew-11 is preparing for an unprecedented early return to Earth over concerns for an astronaut's medical condition aboard the International Space Station. Mike Massimino, a former NASA astronaut and engineering professor at Columbia University, joins with more.
Four members of Crew-11 are preparing to return to Earth from the International Space Station later this week after a "medical concern" prompted NASA to cancel a scheduled spacewalk. Former astronaut Dr. Scott Parazynski joins with his reaction.
Outgoing space station commander Mike Fincke, a member of the returning Crew 11, turned the station over to cosmonaut Sergey Kud-Sverchkov, saying the combined crew had developed deep friendships.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
The Department of Homeland Security says a federal law enforcement officer shot a person in the leg on Wednesday night during an immigration operation in Minneapolis. Minnesota officials provided an update. Jessi Mitchell anchors this Special Report.
A widespread Verizon outage hit the U.S. on Wednesday, leaving thousands of customers without service. CBS News' Karen Hua has more.
Legal representation for the state of California and the federal government were in court on Wednesday over the Golden State's new law that bans federal agents from wearing face coverings during operations. CBS News correspondent Nidia Cavazos reports.
President Trump says his administration has been notified that the killings and executions of anti-government protesters in Iran have stopped. CBS News Middle East reporter Courtney Kealy has more.
It's a long winter in Chicago when the Bears are bad, but walk into any bar in the city, especially after last week's comeback win over the Packers, and the winter is gone. Tony Dokoupil has details.