Feds to buy up to $6 billion in Treasury bonds. Here's why.
Wall Street analysts are skeptical that the Treasury Department's bond purchases can curb yields and lower U.S. borrowing costs.
United States Department of the Treasury
Rising bond yields threaten to push up U.S. borrowing costs
The U.S. bond market influences how much American consumers pay for loans and the interest they can earn on their savings accounts.
Treasury official on G20 summit
Chris Pilkerton, assistant secretary for investment security at the U.S. Treasury Department, is at the G20 summit in Asheville, North Carolina, and joins CBS News with more on what to expect.
Will U.S.-Venezuela oil deal actually lower gas prices?
President Trump says a new oil reserve agreement with Venezuela will "substantially lower gas prices," but experts say it could be years before the operation is up and running. Chris Pilkerton, assistant secretary for investment security at the U.S. Treasury, joins to discuss the deal.
What has Iran war done to U.S. after 6 months?
Friday marks six months since the start of the Iran war. When it began, President Trump said it would last six weeks. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan joins with analysis.
National debt tops $40 trillion after doubling in under 10 years
Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.
U.S. national debt hits record $40 trillion
America's national debt has climbed to $40 trillion after years of borrowing. CBS News chief White House correspondent Nancy Cordes reports on the Trump administration's response.
Bond market sell-off threatens to drive up loan costs
The yield on the 30-year Treasury this week hit its highest level since 2007, a rise that could put upward pressure on borrowing costs.
Dow closes down over 1,000 points
Amid energy price spikes caused by the Iran war and persistently high inflation, the Federal Reserve decided on Wednesday to hold interest rates steady for the fifth straight time. CBS News MoneyWatch correspondent Kelly O'Grady reports.
U.S. targets California-born leader of notorious Jalisco cartel
Juan Carlos Gonzalez, also known as "Pelon," is the stepson of "El Mencho" — real name Nemesio Oseguera — who was injured and later died in a military sweep.
U.S. Mint to make $1 gold coin with Trump's face on it
It's the latest effort by President Trump to make his mark on Washington, D.C.
Timeline of latest U.S. strikes on Iran
U.S. Central Command said it launched strikes against Iran on Tuesday after tanker attacks in the Strait of Hormuz. CBS News senior national security correspondent Charlie D'Agata has the details.
Bessent talks Trump Accounts' July 4 debut
Treasury Secretary Scott Bessent spoke exclusively with Kelly O'Grady about inflation, gas prices and Trump Accounts, which are now available.
Bessent talks Trump accounts, inflation
Treasury Secretary Scott Bessent spoke exclusively with Kelly O'Grady about Trump accounts, which officially launch on Saturday, as well as when gas prices could lower to pre-Iran war levels and wage growth for Americans.
U.S. announces new bank alert targeting powerful drug cartel
Two men and nine companies are accused of being tied to a cartel-linked fuel theft ring intended to evade taxes while generating tens of millions of dollars annually.
Treasury Department plans to use Iranian assets to help U.S. Gulf allies recover
The Treasury Department will use Iranian assets to help U.S. Gulf allies recover from damage caused by Tehran's regime, a source familiar with Treasury Secretary Scott Bessent's thinking told CBS News.
Trump, DOJ settle $10 billion lawsuit
President Trump and the Justice Department reached a settlement Monday in his $10 billion lawsuit against the IRS and Treasury Department over his leaked tax returns. CBS News' Jake Rosen has more.
U.S. sanctions alleged "gatekeeper" of cartel human smuggling routes
The Cartel del Noreste has been accused of trafficking weapons, drugs and people, and is characterized by its violent practices and extortion.
Trump's signature to be featured on U.S. paper currency, Treasury says
The Treasury Department plans to add President Trump's signature to new U.S. paper currency, a first for a sitting president.
U.S. sees rounding problem as pennies dwindle
Months after the U.S. minted its last penny, Americans are experiencing a shortage of the one-cent coin. CBS News reporter Kati Weis has the details on how some states are working on legislation to address the rounding issue in cash purchases.
Rep. Rick Crawford on Iran's new leader, more
Treasury Secretary Scott Bessent said Thursday that the U.S. will escort ships through the Strait of Hormuz as Iran ramps up attacks on the crucial shipping channel. Republican Rep. Rick Crawford of Arkansas, chair of the House Intelligence Committee, joins "The Takeout" to discuss the state of the war.
Bessent defends Powell probe, Trump Accounts
In an interview with CBS News, Treasury Secretary Scott Bessent defended the DOJ investigation into Fed Chair Jerome Powell, saying, "I think that the message is that independence does not mean no accountability." He also addressed the new Trump Accounts, which are tax-deferred investment accounts created for every American child born between January 1, 2025 and December 31, 2028.
Read the full transcript of Kelly O'Grady's interview with Scott Bessent
Treasury Secretary Scott Bessent addressed the ongoing investigation into Federal Reserve Chair Jerome Powell and the White House's new $1,000 "Trump Accounts" in an interview with Kelly O'Grady. Read the full transcript of their conversation.
Bessent touts Trump Accounts as rainy day fund, slams critics as "out of touch"
Treasury Secretary Scott Bessent emphasized the benefits of Trump Accounts and addressed affordability concerns in an interview with CBS News.
Full interview: Treasury Secretary Bessent
U.S. Treasury Secretary Scott Bessent sits down with "CBS Saturday Morning" co-host Kelly O'Grady to discuss the Department of Justice's ongoing investigation into Federal Reserve Chair Jerome Powell, respond to critics of Trump Accounts and more.
Supreme Court blocks new Postal Service rules for mail ballots in blow to Trump
The Supreme Court left intact a ruling that blocked the U.S. Postal Service from enforcing new regulations for mail voting, rejecting the Trump administration's effort to move forward with the rules in the midterms.
First on CBS
Air Force officer prayed while "free-falling" after being shot down in Iran
Badly wounded and alone in Iran's desert, downed U.S. Air Force officer Dude 44 Bravo evaded capture for days as the Iranian forces and the U.S. military searched for him.
Mitch McConnell returns to Capitol Hill after monthslong absence
GOP Sen. Mitch McConnell of Kentucky returned to Capitol Hill on Monday for the first time in three months, ending a prolonged absence that sparked widespread speculation about his health.
First on CBS
Pardon brokers offer to "put pressure on the president" — at sky-high costs
Hidden cameras captured lobbyists as they tried to woo a potential client interested in obtaining a pardon from President Trump.
Live
Oil prices stay above $100 as Iran and Oman delay Strait of Hormuz talks
Iran and Oman delayed a meeting to discuss control of the Strait of Hormuz as fighting between Iran's Houthi allies and Saudi Arabia raises the stakes for global energy markets.
Exclusive
Blanche vows to release more 9/11 docs: "We're not protecting people"
Attorney General Todd Blanche says the government is not withholding documents to protect another country, days after 9/11 families publicly appealed to the Trump administration for more information to be released.
AI companies must ensure their tech is safe, says top Trump adviser on AI
In an interview with CBS News, Sacks suggested that fears AI could harm people are overblown. "I think this is becoming a panic," he said.
Live
Emmy winners list for 2026: Live updates
The 78th Primetime Emmy Awards are celebrating the best in television and streaming. See the full list of winners and nominees.
Investigation
Loopholes and shady practices taint U.S. surrogacy industry
Lured by promises of payment and a desire to help other families, surrogates discover they have few protections from practices that cast a "dark shadow" over the industry.
U.S.
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Ross Fire still burning, with over 90,000 acres scorched
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
Live
Emmy Awards winners list for 2026: Live updates
The 78th Primetime Emmy Awards are celebrating the best in television and streaming. See the full list of winners and nominees.
AI companies must ensure their tech is safe, says top Trump adviser on AI
In an interview with CBS News, Sacks suggested that fears AI could harm people are overblown. "I think this is becoming a panic," he said.
Exclusive
Blanche vows to release more 9/11 docs: "We're not protecting people"
Attorney General Todd Blanche says the government is not withholding documents to protect another country, days after 9/11 families publicly appealed to the Trump administration for more information to be released.
Alligator Alcatraz had cramped conditions, "small metal enclosures," watchdog finds
DHS's internal watchdog is sharply criticizing conditions in a Florida immigration detention center dubbed "Alligator Alcatraz," finding detainees at the now-closed facility were held in "cramped conditions."
MoneyWatch
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AI companies must ensure their tech is safe, says top Trump adviser on AI
In an interview with CBS News, Sacks suggested that fears AI could harm people are overblown. "I think this is becoming a panic," he said.
The AI bubble is leaking air, some economists say. Should investors worry?
AI has fueled a stock boom in recent years. Now, some Wall Street analysts think that epic run is coming to an end.
The U.S. economy faces mounting headwinds. Here are the top risks.
Rising energy costs, persistently high inflation and mounting federal debt are clouding the outlook for the U.S. economy — and Americans' finances.
Tech stocks slump after AI execs call for industry slowdown
The tech-heavy Nasdaq slumped 147 points on Monday after AI company executives called for a slowdown in developing the technology.
Anthropic CEO Dario Amodei: "For too long the industry lied" about AI risks
The head of the artificial intelligence company calls the exponential rate of AI developments a "warning sign," with risks for humanity, and says, "We need to slow down." He talks with "Sunday Morning" about possible steps forward.
Politics
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Supreme Court blocks new Postal Service rules for mail ballots in blow to Trump
The Supreme Court left intact a ruling that blocked the U.S. Postal Service from enforcing new regulations for mail voting, rejecting the Trump administration's effort to move forward with the rules in the midterms.
Exclusive
Blanche vows to release more 9/11 docs: "We're not protecting people"
Attorney General Todd Blanche says the government is not withholding documents to protect another country, days after 9/11 families publicly appealed to the Trump administration for more information to be released.
Alligator Alcatraz had cramped conditions, "small metal enclosures," watchdog finds
DHS's internal watchdog is sharply criticizing conditions in a Florida immigration detention center dubbed "Alligator Alcatraz," finding detainees at the now-closed facility were held in "cramped conditions."
Mitch McConnell returns to Capitol Hill after monthslong absence
GOP Sen. Mitch McConnell of Kentucky returned to Capitol Hill on Monday for the first time in three months, ending a prolonged absence that sparked widespread speculation about his health.
John Brennan subpoenaed in Florida "grand conspiracy" probe
Former CIA Director John Brennan was subpoenaed to testify before a grand jury in Florida as part of the "grand conspiracy" investigation into Obama- and Biden-era officials last week.
HealthWatch
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Pennsylvania woman dies of measles complications, coroner reports
A 40-year-old woman died on Saturday from complications associated with measles, the coroner reported.
Strange symptom and a "weird" referral led to surprise Stage 4 cancer diagnosis
Kate Ping thought she was just stressed out. A nurse practitioner's surprising recommendation led to a shocking diagnosis.
Trump admin. to send $500 checks to nearly 1 million ACA enrollees
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
Record-setting cyclospora outbreak is over, U.S. health officials say
The Centers for Disease Control and Prevention said there is no longer a risk of people getting sick with cyclosporiasis from this outbreak and is confident that all related iceberg lettuce is off the market.
Coroner releases details on 2 infant deaths in Pennsylvania measles outbreak
Neither infant was old enough to be vaccinated. The first dose of the measles vaccine is typically given at around 1 year of age.
World
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After losing son, couple welcomes daughter born from embryo frozen for 22 years
The couple named their daughter Georgia in honor of their late son, Giorgos.
Iran's proxies using Yemen to compound war's impact on oil prices
An attack on a Saudi Arabian pipeline and a simmering war between the Saudis and Iran's Houthi allies in Yemen are pushing oil prices up.
Shark attacks, injures surfer at popular beach in Australia
Scientists believe increasingly crowded waters and rising ocean temperatures are shifting sharks' migratory patterns, which may be contributing to a rise in attacks.
Sweden faces political uncertainty as election deals far-right a blow
Sweden's left-wing opposition are holding a slim lead after an election that saw the far-right's share of the vote
Israeli official calls for revocation of "NAZA" filmmakers' citizenship
The documentary "NAZA" includes interviews with purported Israeli intelligence officers who claim the systematic use of AI-powered targeting systems in Gaza.
Entertainment
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Live
Emmy Awards winners list for 2026: Live updates
The 78th Primetime Emmy Awards are celebrating the best in television and streaming. See the full list of winners and nominees.
Looking back at Bob Mackie's looks and life
Bob Mackie, a fashion icon known for elevating Hollywood's leading ladies and pop stars for decades, died on Monday at 87. Meg Oliver looks back on his signature looks and his life.
CBS News interviews an AI "actor"
The first so-called AI actor, Tilly Norwood, is on a promotional tour for an upcoming movie produced by a British company. CBS News correspondent Leigh Kiniry interviewed the AI on the film "Misaligned."
Iconic designer Bob Mackie dies at 87. See photos of legendary stars he dressed.
Dubbed the "Designer to the Stars," Bob Mackie won nine Emmy Awards, a Tony Award and was nominated for three Oscars.
Exclusive
Extended interview: Stella Parton
Stella Parton offers fans a glimpse into the life of her larger-than-life sister, Dolly Parton, from her makeup routine to her views on death, in an exclusive interview with "CBS Mornings" co-host Gayle King.
Technology
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Technology
What could a global pause on AI look like?
Several top tech CEOs are calling for a slowdown in artificial intelligence development amid industry concerns that the technology is spiraling out of control. In a recent New York Times opinion piece, investigative journalist Stephen Witt argues that slowing down may not be enough. Witt joins CBS News to explain.
Top Trump AI adviser on tech leader warnings
Over the weekend, four of America's top tech leaders, including Elon Musk, agreed that AI's development should slow down and called for government standards. President Trump dismissed their calls, and in a CBS News exclusive, one of the president's top AI advisers, David Sacks, reacted. Jo Ling Kent reports.
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.
Trump plays off tech leaders' AI concerns
Over the weekend, Anthropic co-founder and CEO Dario Amodei published a 3,800-word essay calling for a global slowdown in the exponential development of artificial intelligence. Sam Altman, who runs OpenAI, Elon Musk and others shared social media posts agreeing with Amodei's assessment. CBS News Washington correspondent Natalie Brand has President Trump's reaction.
AI companies must ensure their tech is safe, says top Trump adviser on AI
In an interview with CBS News, Sacks suggested that fears AI could harm people are overblown. "I think this is becoming a panic," he said.
Science
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Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
First-ever adult T. rex trackway found in North Dakota
Paleontologists have identified the first known trackway made by a full-grown Tyrannosaurus rex, and the discovery was made in the North Dakota badlands.
Ig Nobel prizes go to scientists studying cockroach milk, nose-blowing, more
Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners.
Vote on the fattest marmot now
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA plans to launch new space telescope
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
Crime
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Crime
New details on Clancy holdout juror
The holdout juror in Lindsay Clancy's murder trial faced a domestic violence charge in 2021, but it was later dismissed, police records show. CBS News' Shanelle Kaul has more.
Lindsay Clancy juror speaks out
Paula Devlin, a juror in the murder trial of Lindsay Clancy, sat down with Shanelle Kaul to share her experience with the high-profile case and tense deliberations that ultimately ended in a mistrial.
Man arrested in death of Tasia Fortune, woman found hanging from tree
Mississippi police have arrested a man in the death of Tasia Fortune, a Black woman found hanging from a tree last month.
State of al‑Qaeda 25 years after 9/11 attacks
25 years after 9/11, we rarely hear about the state of the organization responsible for the attacks. The Atlantic recently put out a piece on al-Qaeda that says in part, "analysts can't decide if the terrorist organization is all but defunct or more threatening than ever." The article's author, Graeme Wood, joins "The Takeout" to discuss.
New terror threats against U.S. post 9/11
The FBI is warning of potential attacks on 9/11 remembrance ceremonies as terrorist groups call for new strikes on U.S. soil. Anna Schecter has more.
Space
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NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Latest CBS News Videos
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Latest CBS News Videos
SCOTUS rejects new mail ballot rules for now
The Supreme Court on Monday blocked the Postal Service's new rules for mail ballots while a legal challenge plays out, in a blow to President Trump's agenda. CBS News legal contributor Jessica Levinson breaks down the ruling.
What could a global pause on AI look like?
Several top tech CEOs are calling for a slowdown in artificial intelligence development amid industry concerns that the technology is spiraling out of control. In a recent New York Times opinion piece, investigative journalist Stephen Witt argues that slowing down may not be enough. Witt joins CBS News to explain.
70-year-old hiker found after a week
A 70-year-old hiker, lost for a week on a large island in the middle of Lake Superior, has been found, after search and rescue teams had nearly given up hope. Mark Strassmann has the story.
Torrential rains slam Connecticut
In parts of the Northeast, Sunday was one of the rainiest days in years, and on Monday, more dangerous storms rolled through the Central U.S. Tornado watches are also posted in Iowa. Lana Zak reports, and Andrew Kozak has the forecast.
Video shows girl survive getting hit by truck
Surveillance video captured a young girl with her backpack and phone in hand crossing a busy street in Philadelphia. Moments later, a truck appeared to run her over, dragging her under its wheels. Miraculously, she was able to walk away. Cristian Benavides has the story.