White House mulls using Defense Production Act in Spirit Airlines takeover
President Trump is open to some type of federal action, several sources told CBS News, and he has said publicly he'd "do it to save the jobs."
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President Trump is open to some type of federal action, several sources told CBS News, and he has said publicly he'd "do it to save the jobs."
Commerce Secretary Howard Lutnick was grilled by senators on Capitol Hill Tuesday over his appearance in recently released Epstein files. Lutnick's appearance in the files does not implicate him in any wrongdoing. CBS News congressional correspondent Nikole Killion has more.
The White House was on defense on Tuesday regarding Commerce Secretary Howard Lutnick and his connections to convicted sex offender Jeffrey Epstein. CBS News' Weijia Jiang has the latest.
The Census Bureau said it began planning the 2030 census in 2019.
The Personal Consumption Expenditures, the Federal Reserve's preferred inflation gauge, ticked higher in June.
China is refusing to let a U.S. Department of Commerce employee and a Wells Fargo banker leave the country, officials say.
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.
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.
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.
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.
The president's tariff announcements have rocked the stock markets and fueled concerns of an economic downturn.
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.
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.
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.
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.
Moving the U.S. Postal Service into the Commerce Department, should it take place, would happen through an executive action, source say.
The wealthy financier is a staunch supporter of the president's hardline trade polices.
Lutnick is stepping down as head of investment bank Cantor Fitzgerald as he prepares to head the Commerce Department.
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 has picked Howard Lutnick, a crypto enthusiast and the head of brokerage and investment bank Cantor Fitzgerald, to be commerce secretary.
Secretary of Commerce Gina Raimondo is focused on U.S. advanced microchip production — and keeping the chips out of China and Russia.
Secretary of Commerce Gina Raimondo is focused on U.S. advanced microchip production — and keeping the chips out of China and Russia.
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.
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.
Secretary of Commerce Gina Raimondo is focused on U.S. advanced microchip production — and keeping the chips out of China and Russia.
In a speech delayed by a two-hour evacuation of the National Mall due to severe weather, President Trump mixed politics with history.
Paul Pelosi, the husband of former House Speaker Nancy Pelosi, is suspected of crashing into a parked car and driving away from the scene Friday afternoon in Northern California
A 21-year-old female is in critical condition, and 4 of the injured are juveniles between the ages of 6 and 14, according to he police.
The dayslong funeral for Ayatollah Ali Khamenei, who was killed in February by U.S.-Israeli strikes, has been marked by chants for revenge.
While millions of Americans across the Northeast experienced record-setting temperatures, thunderstorms in the Midwest downed trees, ruptured power lines and made transportation treacherous.
Americans celebrated 250 years of independence this Fourth of July, although severe weather put a damper on the proceedings in several parts of the country.
After the pope's visit to the Sicilian island of Lampedusa, the U.S. Embassy said the ambassador to the Holy See gave Leo a commemorative baseball, an apple pie and a U.S. World Cup jersey.
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
Reigning champion Joey Chestnut ate 66 hot dogs and buns to win the 2026 Nathan's Famous Hot Dog Eating Contest while Miki Sudo ate 38 3/4 to win the women's competition.
A 21-year-old woman is in critical condition, and 4 of the injured are juveniles between the ages of 6 and 14, according to he police.
After the pope's visit to the Sicilian island of Lampedusa, the U.S. Embassy said the ambassador to the Holy See gave Leo a commemorative baseball, an apple pie and a U.S. World Cup jersey.
While millions of Americans across the Northeast experienced record-setting temperatures, thunderstorms in the Midwest downed trees, ruptured power lines and made transportation treacherous.
The remains of a Revolutionary War soldier were identified as a young man from Maryland just before America's 250th anniversary.
Serena Williams cited a knee injury behind her decision to withdraw from a doubles match at Wimbledon.
Federal safety regulators are urging consumers to stop using the recalled fireworks and return them for a full refund.
As Americans endure another bout of extreme heat, experts say small thermostat adjustments and other energy-saving steps can help reduce soaring cooling costs.
A year after President Trump signed the sweeping tax and spending package, its effects on households, businesses and federal programs are increasingly evident.
Antitrust regulators suggested that state attorneys general could assist in investigating unlawful conduct by companies.
Major retail stores will be open on Friday, although some may have modified hours on Saturday, July 4.
In a speech delayed by a two-hour evacuation of the National Mall due to severe weather, President Trump mixed politics with history.
These six presidential speeches are some that have most reverberated through the ages, and whose impacts are still felt today.
The president kicked off America's 250th anniversary celebrations with a speech at Mount Rushmore where he warned of a resurgence in communism.
CBS News previously reported President Trump was weighing pardons of a slate of people convicted of emissions and clean air-related violations.
The gift comes months after Belgium's diamond industry won the removal of U.S. tariffs on diamond imports.
Eric Dillon thought the pain in his shoulder was a minor injury. It took two years to get the real answer.
The CDC is reporting the highest rate of emergency room visits from tick bites since 2017 in many parts of the U.S.
It isn't approved by the FDA, but we found an experimental weight-loss drug called retatrutide for sale at a local convenience store.
Actor Danny Glover spoke about his Alzheimer's diagnosis in an interview with NBC's "Today" show, revealing that he has been living with the disease for several years.
Starting Wednesday, Medicare will help pay for some GLP-1 medications for weight loss. CBS News medical correspondent Dr. Celine Gounder explains what this means for patients.
After the pope's visit to the Sicilian island of Lampedusa, the U.S. Embassy said the ambassador to the Holy See gave Leo a commemorative baseball, an apple pie and a U.S. World Cup jersey.
The fourth-century residential city in the western desert is one of two major archaeological finds announced by Egypt on Saturday.
Meghan and his children may eventually join him on the rest of the trip outside London, the source said.
The gift comes months after Belgium's diamond industry won the removal of U.S. tariffs on diamond imports.
Prince William will appear on the podcast hosted by Jason and Travis Kelce just hours before Travis Kelce and Taylor Swift's anticipated wedding.
Bluegrass band Punch Brothers was formed by mandolinist Chris Thile in 2006. Their upcoming all-instrumental album, "The Unsung Adventures of Punch Brothers," will be released on July 24. Here's Punch Brothers performing "Song of the Water Kelpie (unsung)."
The vows have been exchanged, the party is over, and slowly, details are emerging about Taylor Swift and Travis Kelce's wedding. Lilia Luciano reports.
While many in the U.S. light fireworks on the Fourth of July, some towns are turning to drones as a cleaner, quieter alternative. Mark Strassmann gets a preview in Texas.
Bluegrass band Punch Brothers was formed by mandolinist Chris Thile in 2006. In celebration of the Fourth of July, here's Punch Brothers performing their cover of Woody Guthrie's classic song, "This Land Is Your Land."
Taylor Swift and Travis Kelce were married at Madison Square Garden in New York City on Friday. Comedian Adam Sandler officiated the ceremony, a representative for Swift confirmed. Jo Ling Kent has more details.
The Trump administration has lifted export restrictions on Anthropic's most advanced artificial intelligence models, Fable and Mythos, after weeks of negotiations over national security concerns. CNET Editor-in-Chief David Katzmaier joins to discuss.
Tech giant Anthropic says that the federal government has now removed restrictions from its robust Claude Fable 5 and Mythos 5 models. Axios reporter Madison Mills has more on artificial intelligence regulation.
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.
After January 2028, new games will be available exclusively in digital format from the PlayStation Store and at retailers, Sony said.
Sen. Mark Warner wants to create a federal registry of trusted AI agents and ensure autonomous bots operate like fiduciaries.
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
The White House appointed former Harvard University astronomer Avi Loeb to lead its new panel on Unidentified Anomalous Phenomena, also known as UAPs and UFOs. Loeb shares his enthusiasm for his new role.
From space to healthcare and artificial intelligence, what could the next 250 years of the United States look like?
NASA is in a race against time as the Swift Observatory telescope in orbit sinks closer to Earth. CBS News consultant William Harwood explains the $30 million salvage operation.
Dinosaur fossils are rare to find in Antarctica because of the unforgiving ice caps. But millions of years ago, the region was populated by lush forests.
Paul Pelosi, the husband of former House Speaker Nancy Pelosi, is suspected of crashing into a parked car and driving away from the scene Friday afternoon in Northern California.
The four presidents carved into Mount Rushmore collectively issued over 1,100 pardons. President Trump, who is visiting there tonight, has outdone them all and is now adding more. Nancy Cordes reports.
President Trump is considering pardons for a group of people convicted of emissions and clean-air-related violations and has discussed potential clemency for Sean "Diddy" Combs, according to sources familiar with his plans. CBS News' Nikole Killion reports.
President Trump is considering pardons for a slew of individuals, including potential clemency for disgraced music mogul Sean "Diddy" Combs and some offenders with pollution-related convictions, sources say. CBS News' Olivia Rinaldi reports.
U.S. Olympian David Hearn is facing a felony charge after being accused of vandalizing the Lincoln Memorial Reflecting Pool. CBS News senior Justice Department reporter Sarah Lynch has the details.
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
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.
President Trump spoke in Washington, D.C., at the "Salute to America" Freedom 250 event on the Fourth of July. He highlighted veterans, the Artemis II crew, an early version of the American flag and more in his speech.
Bluegrass band Punch Brothers was formed by mandolinist Chris Thile in 2006. Their upcoming all-instrumental album, "The Unsung Adventures of Punch Brothers," will be released on July 24. Here's Punch Brothers performing "Song of the Water Kelpie (unsung)."
Relay for America ran the American flag from San Francisco to Washington, D.C., this week to commemorate America's 250th birthday. They did it nonstop for 20 days and nights for more than 3,000 miles on a mission of unity heading to the Fourth of July. Tony Dokoupil has the story.
The vows have been exchanged, the party is over, and slowly, details are emerging about Taylor Swift and Travis Kelce's wedding. Lilia Luciano reports.
While many in the U.S. light fireworks on the Fourth of July, some towns are turning to drones as a cleaner, quieter alternative. Mark Strassmann gets a preview in Texas.