Dow tumbles over 800 points, bond yields spike
The Dow Jones dropped more than 800 points on Wednesday. Paul La Monica, senior writer for Barron's, joins CBS News to examine what's behind the selloff.
United States Department of the Treasury
Why only the dead can appear on U.S. money
Among the 5,800 bills before Congress, one piece of legislation would create a $250 bill bearing the image of President Trump. At the moment, the law only allows deceased individuals on our money.
U.S. could face default by August if debt ceiling not addressed, Bessent says
The so-called "X-date" marks when the government could run out of borrowing power and face an unprecedented default without action from Congress to address the debt limit.
Report: IRS down almost a third of its workers
A new watchdog report from the Treasury Department reveals the Internal Revenue Service has lost almost a third of its tax auditors. The cuts are a result of the Trump administration's efforts to trim the federal workforce through its Department of Government Efficiency, or DOGE. CBS News MoneyWatch associate managing editor Aimee Picchi has more.
Federal spending in Trump's first 100 days
Despite President Trump's promises to cut government spending, the Treasury Department's daily financial reports reveal that the U.S. has spent about $220 billion more in Mr. Trump's first 100 days than during the same period in 2024. CBS News vice president of data journalism John Kelly breaks down the numbers.
Bond market signals tariffs' economic impact
While U.S. stocks ended Friday on a high note following a week of volatile trading tied to President Trump's tariffs, the bond market likely pushed the president to implement a 90-day pause. Bill Cohan, Wall Street author for Puck, joins "America Decides" to explain.
Hunter Biden IRS whistleblowers get promoted
Two Internal Revenue Service whistleblowers who accused the Justice Department of providing Hunter Biden with special treatment are getting new jobs at the Treasury Department. Treasury Secretary Scott Bessent says they will now "investigate the wrongdoing that's going on at the IRS." CBS News investigative producer Michael Kaplan joins "America Decides" to discuss.
Bessent "not concerned" about market tumble
Treasury Secretary Scott Bessent is trying to reassure the public about the state of the economy amid recent market struggles following President Trump's tariff threats. David Wessel, Brookings senior fellow in economic studies, and Sarah McGregor, Bloomberg News national desk managing editor, join CBS News with analysis.
White House hosts first cryptocurrency summit
Leaders from the cryptocurrency industry gathered at the White House on Friday for its first-ever "digital assets" summit. Victoria Guida, economics correspondent for Politico, joins "America Decides" to examine why President Trump is focusing on bolstering Bitcoin.
New Jersey AG on pushing back against DOGE
A federal judge has temporarily barred Elon Musk and his Department of Government Efficiency from retrieving sensitive Treasury Department records. Attorneys general in 19 Democratic-led states sought the block, accusing the Trump administration of violating federal law. New Jersey Attorney General Matt Platkin joins "America Decides" to unpack the legal action.
Breaking down DOGE hearing
A federal judge extended the temporary restraining order barring Elon Musk's Department of Government Efficiency, known as DOGE, from accessing Treasury Department records containing the personal data of millions of Americans. CBS News political reporter and attorney Katrina Kaufman has more.
Trump's plan to scrap the penny spikes interest for coin collectors
Collectors said the value of certain pennies could rise if the U.S. Treasury stopped manufacturing the coin.
Trump directs Treasury to stop minting new pennies, citing cost
The U.S. Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies it produced.
Former Treasury worker raises alarm on DOGE access
Elon Musk's access to the Treasury's payment system is raising concerns about federal funding and personal data. Major Garrett speaks to a former Treasury employee about the role of the agency and the sensitive data it handles.
DOGE blocked from accessing Treasury records after lawsuit
New York Attorney General Letitia James said "this level of access for unauthorized individuals is unlawful, unprecedented, and unacceptable."
Inside Elon Musk's government takeover
A tech-focused media outlet has become a premiere source for breaking news on Elon Musk, his inner circle and their efforts to reshape the federal government. Katie Drummond, global editorial director of Wired, joins "America Decides" to unpack the reporting.
Treasury data accessed by DOGE: What we know
President Trump has placed the Department of Government Efficiency in charge of cutting the size and spending of the federal government. However, the group's reach is prompting concerns over the access it has received to some of the most confidential information for millions of Americans. CBS News chief Washington correspondent Major Garrett spoke with a former Treasury Department official about the scope of the information DOGE can now access.
Sen. Chris Van Hollen on Trump's "buyout" offer
A federal judge on Thursday implemented a short-term delay in the deadline for federal workers to take a deferred resignation. Plus, Democrats led a filibuster on the Senate floor against Russell Vought, President Trump's nominee to lead the Office of Management and Budget. Democratic Sen. Chris Van Hollen of Maryland joins "America Decides" to discuss.
Why a judge paused federal buyout deadline
A federal judge on Thursday temporarily blocked a deadline for federal employees to accept the Trump administration's "deferred resignation" offer. Plus, several state attorneys general announced a lawsuit against the White House over the Department of Government Efficiency. CBS News' Caitlin Huey-Burns and Ed O'Keefe have the latest.
Trump faces pushback over Gaza proposal
Arab nations are rejecting President Trump's plan for the U.S. to take over Gaza and turn it into a "riviera," but the president is reiterating his position. Plus, Democrats are raising concerns over Elon Musk's DOGE reviewing the Treasury's payment systems. CBS News' Ed O'Keefe and Caitlin Huey-Burns report.
Treasury says Elon Musk's DOGE has "read only" access to payment systems
Democratic lawmakers have expressed concern that access to the system could allow DOGE, which disburses nearly 90% of all federal payments, to restrict disbursement of federal funds.
Mastercard, Visa accused of handling payments for child abuse content
Mastercard and Visa allegedly failed to halt payments linked to child abuse material and sex trafficking on OnlyFans, Reuters reports.
Main takeaways from confirmation hearings
On Thursday, Senators heard from President-elect Donald Trump's picks for secretary of the Interior, secretary of the Treasury, Environmental Protection Agency administrator and Housing and Urban Development secretary. CBS News political reporter Taurean Small has more and political reporter Aaron Navarro reports on Trump's latest moves.
More Trump nominees sit for Senate hearings
President-elect Donald Trump's picks for the Treasury, Housing and Urban Development and Interior departments, along with the Environmental Protection Agency, went before lawmakers on Thursday. Among them included former presidential candidate Doug Burgum and billionaire Trump donor Scott Bessent. CBS News' Nancy Cordes and Taurean Small have more.
Authorities warn of copycat attacks
Federal authorities are warning of the potential for copycat incidents after the deadly New Year's Day truck attack in New Orleans. CBS News national security contributor Sam Vinograd has more about the threat environment. She also discusses the Treasury Department's revelation that Chinese hackers accessed its unclassified documents.
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
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.
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 defends mail ballot changes, says election practices are being probed
Attorney General Todd Blanche fiercely defended the Trump administration's push to impose tighter mail voting rules, telling CBS News the DOJ is examining election practices in multiple states.
Democrats vow to investigate Trump pardon brokers if party controls Congress
Senior Democratic lawmakers vowed to investigate the new market that has sprung up around President Trump's pardons, citing CBS News video that aired in a 60 Minutes report.
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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Exclusive
Blanche defends mail ballot changes, says election practices are being probed
Attorney General Todd Blanche fiercely defended the Trump administration's push to impose tighter mail voting rules, telling CBS News the DOJ is examining election practices in multiple states.
Trump nominates Lee Greenwood's wife to serve as ambassador to Barbados
President Trump on Monday nominated Kimberly Greenwood, the wife of "God Bless the USA" singer Lee Greenwood, to serve as ambassador to Barbados and several other Caribbean countries.
Democrats vow to investigate Trump pardon brokers if party controls Congress
Senior Democratic lawmakers vowed to investigate the new market that has sprung up around President Trump's pardons, citing CBS News video that aired in a 60 Minutes report.
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.
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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Trump nominates Lee Greenwood's wife to serve as ambassador to Barbados
President Trump on Monday nominated Kimberly Greenwood, the wife of "God Bless the USA" singer Lee Greenwood, to serve as ambassador to Barbados and several other Caribbean countries.
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
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
Rep. Sam Liccardo on AI regulation
While artificial intelligence leaders are uniting to slow development, lawmakers are split over the government's role in regulating the industry and how to balance safety concerns with efforts to stay ahead of China in the AI race. Democratic Rep. Sam Liccardo of California joins CBS News with his take.
Jeffries calls for immediate action on AI
On Capitol Hill, lawmakers returning from the summer recess are weighing in with differing views on how much government regulation on artificial intelligence is necessary. New York Times congressional correspondent Robert Jimison joins to discuss.
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.
Extended interview: David Sacks
David Sacks, a key adviser to President Trump on technology, believes fears that AI could threaten humanity are overblown. In an exclusive interview with CBS News' Jo Ling Kent, Sacks delivers a message to tech leaders including Anthropic CEO Dario Amodei, argues that a "pause" on AI development could cause the U.S. to fall behind China in the AI race, and discusses more about the importance of tech.
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.
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.
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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.
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Rep. Sam Liccardo on AI regulation
While artificial intelligence leaders are uniting to slow development, lawmakers are split over the government's role in regulating the industry and how to balance safety concerns with efforts to stay ahead of China in the AI race. Democratic Rep. Sam Liccardo of California joins CBS News with his take.
John Calipari on Protect College Sports Act
President Trump is urging Congress to pass the Protect College Sports Act. It would establish new guidelines and protections for name, image and likeness payments, and regulate issues like the transfer portal and how much teams can spend on their rosters. University of Arkansas head coach John Calipari joins to discuss his support for the bill.
Vance makes announcement on loans
Vice President JD Vance announced on Monday that people suspected of defrauding COVID-era programs will be barred from future federal loans.
Jeffries calls for immediate action on AI
On Capitol Hill, lawmakers returning from the summer recess are weighing in with differing views on how much government regulation on artificial intelligence is necessary. New York Times congressional correspondent Robert Jimison joins to discuss.
EPA moves to axe rule on power plant emissions
The Environmental Protection Agency is moving to axe a restriction that limits greenhouse gas emissions from power plants. Bloomberg News reporter Zahra Hirji joins CBS News to discuss.