U.S. economy shrank more than previously thought in early 2025
New GDP data shows the U.S. economy shrank at an 0.5% annual pace from January through March, the first quarterly drop in three years.
United States Department of Commerce
More on trade framework between U.S., China
The Trump administration says it agreed to a framework for a trade deal with China. Plus, new data from the Labor Department shows inflation rose less than expected last month. CBS News' Olivia Rinaldi and Kelly O'Grady have more.
What's behind the declining economic numbers?
The U.S. economy shrank during the first three months of 2025. The Commerce Department reported Wednesday that U.S. gross domestic product declined at an annual rate of 0.3% from January to March. CBS News' Kelly O'Grady and Ed O'Keefe have more.
Economists: Consumers trying to beat tariffs
Federal Reserve Chair Jerome Powell has issued a stark warning on the far-reaching inflation impact of the Trump administration's economic policies. His comments come as new Commerce Department data shows that retail sales rose more than expected last month with some economists attributing that to people trying to get ahead of tariff-driven price increases. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Lutnick: "Let the dealmaker make his deals"
Market volatility continued Tuesday with major indexes closing in the red as President Trump negotiates tariffs with Canada. CBS News chief White House correspondent Nancy Cordes sat down with Commerce Secretary Howard Lutnick to discuss the stock swings, inflation and risks of a recession.
Commerce secretary defends Trump amid tariff fight
President Trump backed off doubling Canadian steel and aluminum tariffs after Ontario suspended a 25% electricity surcharge on several U.S. states. Nancy Cordes talked to Commerce Secretary Howard Lutnick, who brokered the truce with the Ontario premier.
Lutnick says Trump's policies are "worth it" even if they lead to recession
The president's tariff announcements have rocked the stock markets and fueled concerns of an economic downturn.
Trump's congressional address goals
Six weeks into his second term, President Trump will address a joint session of Congress on Tuesday. From tariffs to DOGE cuts to an immigration crackdown, the president's agenda is already making waves at home and overseas. Sen. Elissa Slotkin is slated to deliver the Democratic response. CBS News' Nancy Cordes and Nikole Killion report on what to expect.
How will Trump's proposed "gold card" work?
President Trump and Commerce Secretary Howard Lutnick announced Tuesday a new "gold card" that would allow wealthy immigrants to buy a path to citizenship for $5 million and replace the current investment green card system. CBS News immigration and politics reporter Camilo Montoya-Galvez explains.
Trump administration considers moving USPS under Commerce Dept.
Moving the U.S. Postal Service into the Commerce Department, should it take place, would happen through an executive action, source say.
Senate confirms Howard Lutnick as commerce secretary
The wealthy financier is a staunch supporter of the president's hardline trade polices.
Commerce nominee Howard Lutnick to divest, step down as CEO of Cantor Fitzgerald
Lutnick is stepping down as head of investment bank Cantor Fitzgerald as he prepares to head the Commerce Department.
Who will Trump pick for remaining spots?
President-elect Donald Trump has not yet mentioned potential picks for four Cabinet positions for his second term in the White House. This comes as former Florida Rep. Matt Gaetz visits Capitol Hill ahead of the traditional confirmation process in the Senate. CBS News campaign reporter Olivia Rinaldi has more.
Trump will nominate transition adviser Howard Lutnick for commerce secretary
Trump has picked Howard Lutnick, a crypto enthusiast and the head of brokerage and investment bank Cantor Fitzgerald, to be commerce secretary.
Commerce Secretary Gina Raimondo on microchip production, sales
Secretary of Commerce Gina Raimondo is focused on U.S. advanced microchip production — and keeping the chips out of China and Russia.
Gina Raimondo: The 60 Minutes Interview
Secretary of Commerce Gina Raimondo is focused on U.S. advanced microchip production — and keeping the chips out of China and Russia.
Economic growth accelerates in 2nd quarter
The Commerce Department says the nation's gross domestic product, or GDP, rose at an annual rate of 2.8% from April through June. That's more than the 1.9% rate economists had expected for the second quarter. Jeff Stein, White House economics reporter for The Washington Post, joins CBS News to explain what the GDP growth says about the economy, and how the Federal Reserve could read the data.
Gina Raimondo discusses Harris' VP search
While the final months of a president's time in office are known as the "lame duck period," President Biden made it clear to the country Wednesday night that he has a lot more to accomplish prior to Jan. 20. Secretary of Commerce Gina Raimondo, possible vice presidential contender for Kamala Harris, joins "America Decides" to unpack the administration's plans for the next six months as well as Harris' VP search.
National security concerns over microchips
Secretary of Commerce Gina Raimondo is at the center of a global competition for semiconductor dominance. It's a battle that also puts her at the center of two of the hottest global national security hotspots. Lesley Stahl of 60 Minutes spoke with Raimondo for the broadcast.
Gina Raimondo: The 60 Minutes Interview
Secretary of Commerce Gina Raimondo is focused on U.S. advanced microchip production — and keeping the chips out of China and Russia.
Report: U.S. economy saw strong end to 2023
The U.S. economy had a robust end to 2023, with the gross domestic product exceeding expectations, according to a new Commerce Department report. Axios chief economic correspondent Neil Irwin joins CBS News to discuss the 2024 economic outlook.
U.S. economy sees faster-than-expected growth
The U.S. economy ended 2023 with stronger than expected growth, the Commerce Department reported Thursday. However, it's been a tale of two economies for many Americans. Nikki Battiste explains.
How China's economic slump could impact U.S.
U.S. Secretary of Commerce Gina Raimondo is in China this week as part of the Biden administration's wider efforts to try and cool tensions with Beijing. She is the fourth White House official to visit China in the past four months. Amy Celico, a principal at foreign policy firm Albright Stonebridge Group, joins CBS News to analyze the state of U.S.-China relations.
Chinese hackers breach U.S. government emails
Microsoft says a group of Chinese hackers gained access to some of its customers' email accounts. The group is believed to have exploited the company's cloud email service in order to breach the defenses of multiple government agencies. CBS News homeland security and justice reporter Nicole Sganga has more.
U.S. investing billions to expand high-speed internet access to rural areas
More than 8.3 million homes and businesses nationwide don't have access to high-speed broadband service, according to the Federal Communications Commission.
Trump surveys Texas flood damage as search for the missing continues
President Trump and first lady Melania Trump are surveying the devastation wrought by flash flooding in Central Texas.
The secret double life of Thomas Crooks, Trump's would-be assassin
A monthslong investigation by CBS News punctures Thomas Crooks' secrecy to reveal the broadest portrait yet of the lonesome young student who tried to kill President Trump.
Trump judge pick declines to rule out 3rd Trump term, denounce Jan. 6 rioters
Emil Bove declined to rule out the possibility of a third Trump term and did not denounce the Jan. 6 attack on the Capitol in a questionnaire submitted to a Senate panel.
Plea deal for alleged 9/11 mastermind thrown out by appeals court
The decision undoes an attempt to wrap up more than two decades of military prosecution beset by legal and logistical troubles.
El Chapo's son pleads guilty to drug trafficking charges in Chicago
A son of drug lord Joaquin "El Chapo" Guzman pled guilty in a U.S. drug trafficking case at a hearing in Chicago Friday.
How Trump's "big, beautiful bill" affects student loans
New law reduces the number of federal student loan repayment options and caps how much individuals can borrow for higher education.
German woman found alive after 12 days missing in Australia's Outback
Carolina Wilga was found alive in Australia's remote Outback 12 days after she went missing and a day after her abandoned van was spotted by a helicopter crew.
CDC finds nearly 1 in 3 youth have prediabetes, but experts question the data
The new federal estimates are spurring concerns about the health of U.S. children — and the way Trump administration health officials are handling research.
Texas overhauls anti-abortion program that spent millions with little oversight
After a ProPublica and CBS News investigation revealed that Texas' funding pipeline for anti-abortion crisis pregnancy centers was riddled with waste, nonprofits in the program must now provide a detailed accounting of their expenses.
U.S.
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Plea deal for alleged 9/11 mastermind thrown out by appeals court
The decision undoes an attempt to wrap up more than two decades of military prosecution beset by legal and logistical troubles.
COVID cases likely rising in half of states, CDC estimates
Many Southeast, Southern and West Coast states are likely seeing an increase in COVID cases.
Trump judge pick declines to rule out 3rd Trump term, denounce Jan. 6 rioters
Emil Bove declined to rule out the possibility of a third Trump term and did not denounce the Jan. 6 attack on the Capitol in a questionnaire submitted to a Senate panel.
El Chapo's son pleads guilty to drug trafficking charges in Chicago hearing
A son of drug lord Joaquin "El Chapo" Guzman pled guilty in a U.S. drug trafficking case at a hearing in Chicago Friday.
How farmers are dealing with the aftermath of the Texas floods
Flash floods in Texas last week killed at least 121 people and left more than 170 missing. Farmers are now working to assess damage to their properties.
MoneyWatch
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How Trump's "big, beautiful bill" affects student loans
New law reduces the number of federal student loan repayment options and caps how much individuals can borrow for higher education.
Why Myanmar's military ruler has welcomed Trump's tariff warning letter
The U.S. has sanctioned Myanmar's military junta and refused to acknowledge its rule, so Mr. Trump's personal letter to its leader was welcomed, despite the subject.
Trump threatens 35% tariffs against Canada
Canada — one of the U.S.'s largest trading partners — will face 35% tariffs, President Trump said Thursday.
Trump's tariffs giving CEO of bedding company sleepless nights
Revenue losses from tariffs forced Standard Fiber to cut about 45 of its 250 workers, its CEO said.
Trump official criticizes Fed chief Powell as Trump takes aim over interest rates
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.
Politics
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Plea deal for alleged 9/11 mastermind thrown out by appeals court
The decision undoes an attempt to wrap up more than two decades of military prosecution beset by legal and logistical troubles.
Trump judge pick declines to rule out 3rd Trump term, denounce Jan. 6 rioters
Emil Bove declined to rule out the possibility of a third Trump term and did not denounce the Jan. 6 attack on the Capitol in a questionnaire submitted to a Senate panel.
HHS facing billion-dollar backlog of delayed grants after DOGE
Delayed funds include grants for youth homelessness and domestic violence.
Trump surveys Texas flood damage as search for the missing continues
President Trump and first lady Melania Trump are surveying the devastation wrought by flash flooding in Central Texas.
Texas overhauls anti-abortion program that spent millions with little oversight
After a ProPublica and CBS News investigation revealed that Texas' funding pipeline for anti-abortion crisis pregnancy centers was riddled with waste, nonprofits in the program must now provide a detailed accounting of their expenses.
HealthWatch
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COVID cases likely rising in half of states, CDC estimates
Many Southeast, Southern and West Coast states are likely seeing an increase in COVID cases.
HHS facing billion-dollar backlog of delayed grants after DOGE
Delayed funds include grants for youth homelessness and domestic violence.
CDC finds nearly 1 in 3 youth have prediabetes, but experts question the data
The new federal estimates are spurring concerns about the health of U.S. children — and the way Trump administration health officials are handling research.
Who's policing opioid settlement spending? A crowdsourced database might help.
Billions in opioid settlement money was meant to be spent on treating and preventing addiction — but what happens if it's misspent?
Tick bites are causing a spike in ER visits this year. Experts explain why.
Emergency room visits for tick bites this year are at the highest levels since 2019, especially in the Northeast, according to data from the Centers for Disease Control and Prevention.
World
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Lufthansa CEO's wife involved in fatal car accident in Italy
Vivian Spohr, the wife of Lufthansa CEO Carsten Spohr, released a statement following the death of a 24-year-old woman who was struck by a vehicle in Sardinia.
Couple's message in a bottle found 13 years later 2,000 miles away
Brad and Anita Squires cast a message in a bottle from Newfoundland in 2012. It was found more than a decade later.
"Personal revenge" likely motive in mayor's murder, police say
Mayor Francisco Martinez was arrested in 2015 for allegedly trying to kill a daughter's boyfriend with a machete, police said.
Top Iranian official acknowledges French-German cyclist being detained
Iran's Foreign Minister Abbas Araghchi told a French newspaper that cyclist Lennart Monterlos was detained "for having committed an infraction," without offering details.
German woman found alive after 12 days missing in Australia's Outback
Carolina Wilga was found alive in Australia's remote Outback 12 days after she went missing and a day after her abandoned van was spotted by a helicopter crew.
Entertainment
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Comedian Patton Oswalt shares nostalgia behind audio-only special
Patton Oswalt spoke with "CBS Mornings" about his new project "Black Coffee and Ice Water," how it discusses life with a teenager and his daughter's reaction to his work.
Megan Piphus on new children's album
Megan Piphus, known for ventriloquism and as Gabrielle on "Sesame Street," is out with a new children's album called "Cinderella Sweep." Her songs cover a wide range of life lessons for kids from learning your ABCs to self love.
"Superman" expectations at box office
With the release of "Superman," which stars David Corenswet as Superman and Rachel Brosnahan as Lois Lane, the DC comics universe is looking to jumpstart its rivalry with Marvel, which has dominated the box office since 2007.
Comedian Patton Oswalt talks new project
Actor and comedian Patton Oswalt is recording his new audible original "Black Coffee and Ice Water" this weekend in New York City. He talks to "CBS Mornings" about the project, parenting a teenager and more.
Justin Bieber releases surprise album hours after teasing it online
"Swag" is Justin Bieber's first album since becoming a father last year, and his first since "Justice," which was released in 2021.
Technology
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Technology
Musk says Grok is coming to Tesla vehicles
Elon Musk said his AI chatbot Grok is coming to Tesla vehicles by next week, just days after the bot unleashed an antisemitic rant on his social media platform X. The announcement also came after Musk unveiled the latest iteration of the chatbot called Grok 4. Bloomberg News technology editor Sarah Frier joins CBS News to discuss.
Indeed, Glassdoor to lay off 1,300 workers as AI shakes up job searches
As AI barrels into the workplace, job search firms like Indeed and Glassdoor are replacing workers with the technology.
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.
Elon Musk unveils Grok 4 update
Elon Musk's xAI is rolling out Grok 4 after the previous model, Grok 3, made a series of antisemitic posts praising Hitler. Mike Isaac, technology reporter for the New York Times, joins CBS News to discuss.
Nvidia first company valued over $4 trillion
Nvidia became the first public corporation to be valued at more than $4 trillion based on the rising price of its stock before dipping below $4 trillion at market close. The company makes computer chips. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Science
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Science
How to vet scientific research
Cabells Publishing, a scholarly analytics company, has flagged more than 19,000 journals as potentially predatory. CBS News medical contributor Dr. Celine Gounder explains how to know if you're getting accurate information.
North America's oldest known pterosaur discovered in Arizona, researchers say
Researchers were able to date the fossil of the flying reptile, a close cousin of dinosaurs, back to more than 209 million years ago.
Inside the lab trying to change people's minds about sharks
Scientists at Oregon State University are working to change people's minds about sharks--and are learning more about the health of the ocean in the process.
The stories behind history's most haunting shipwrecks
From the Clotilda to the Titanic, archaeologist James Delgado shares insights from his 50-year career.
Billions of flies to be dumped from planes to fight flesh-eating screwworms
The move is part of the government's plans for protecting the U.S. from the New World screwworm fly, which could devastate its beef industry and even kill household pets.
Crime
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Crime
Corey Comperatore's sister tragedy in Butler
Corey Comperatore's sister, Kelly Comperatore Meeder, is speaking out a year after her brother was killed during an assassination attempt against then-candidate Donald Trump in Butler, Pennsylvania, during a 2024 campaign event. CBS News' Jennifer Borrasso and Scott MacFarlane report.
"Personal revenge" likely motive in mayor's murder, police say
Mayor Francisco Martinez was arrested in 2015 for allegedly trying to kill a daughter's boyfriend with a machete, police said.
Father kills teen daughter over her TikTok account, police say
According to police, investigators said the father killed his 16-year-old daughter "for honor" and the victim's family initially tried to portray the murder as a suicide.
Possible breakthrough in search for dozens allegedly killed by rogue cops
Fifteen police officers are under investigation over a spate of mysterious disappearances in 2022 in the country's huge cockfighting industry.
Stowaway faces sentencing
57-year-old Svetlana Dali, the woman charged after she allegedly snuck on a flight to Paris from New York City, is expecting her sentence. CBS News' Shanelle Kaul reports.
Space
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Want to own a huge chunk of Mars? It'll likely cost you up to $4 million
A 54-pound meteorite from Mars is expected to fetch up to $4 million when it goes up for auction later this month at Sotheby's.
Webb telescope captures images of new stars forming in Cat's Paw Nebula
The Cat's Paw Nebula is about 4,000 light-years from Earth, near the constellation Scorpius.
First close-up of "cotton candy" nebula captured by world's largest telescope
A new observatory in Chile has produced a stunningly detailed image of a nebula resembling cotton candy, using the largest telescope in the world.
Blue Origin rockets 6 astrotourists on sub-orbital flight to space
Running a week late because of weather, it was clear sailing Sunday for Blue Origin's 13th passenger flight.
Fireball seen as meteorite streaks through sky over Georgia and South Carolina
The American Meteor Society said it received more than 160 reports of a fireball sighting from observers in Georgia and South Carolina.
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.
Attack on Pearl Street Mall in Boulder
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
Summer music heats up 2025
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
"No Kings": Protesters across country march against Trump, Musk
Protests against the Trump administration took place across the U.S. Saturday. The demonstrations were held to mark the 250th anniversary of the start of the Revolutionary War.
Evidence in the Suzanne Morphew case
Bizarre clues and evidence in the investigation into the Colorado mother's disappearance include a spy pen, plastic needle cap, and a chipmunk alibi.
Latest CBS News Videos
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Trump blasts Powell on interest rates
President Trump is insisting that Federal Reserve Chair Jerome Powell should lower interest rates. CBS MoneyWatch correspondent Kelly O'Grady has more.
ICE agents face angry protesters during raid
Immigration and Customs Enforcement (ICE) agents encountered angry protesters during an immigration raid in Camarillo, Texas. CBS News' Carter Evans reports, and immigration attorney Lina Baroudi joins with more.
Corey Comperatore's sister tragedy in Butler
Corey Comperatore's sister, Kelly Comperatore Meeder, is speaking out a year after her brother was killed during an assassination attempt against then-candidate Donald Trump in Butler, Pennsylvania, during a 2024 campaign event. CBS News' Jennifer Borrasso and Scott MacFarlane report.
Running of the bulls in Spain
Hundreds are in Pamplona, Spain, for the centuries-long tradition known as the "running of the bulls." Toby Atkins, the owner of "Bucket List Events," joins CBS News with more on the experience.
World awaits potential Israel-Hamas ceasefire
Israeli Prime Minister Benjamin Netanyahu left the U.S. without a ceasefire agreement with Hamas despite the U.S. remaining optimistic. Dan Raviv, the host of "The Mossad Files," joins CBS News with more.