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.
United States Department of the Treasury
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.
Beauty salon, others sanctioned for trafficking cocaine to U.S.
The sanctions target family-operated companies, including Magic Esthetic Salon, linked to alleged drug trafficking and money laundering.
U.S. Treasury Secretary pushes for Minnesota fraud crackdown
U.S. Treasury Secretary Scott Bessent announced the creation of a new IRS task force and other measures to combat fraud, underscoring the Trump administration's focus on Minnesota amidst the immigration crackdown.
Treasury Department probing COVID fraud scheme
The Treasury Department is currently investigating whether Minnesota welfare money stolen in a massive fraud scheme went to a Somali terror group. CBS Minnesota investigative reporter Jonah Kaplan has the details.
IRS whistleblowers release book on Hunter Biden case
In 2023, two IRS employees came forward and alleged the Justice Department was improperly handling the tax fraud case against Hunter Biden. Now, they have a new book out called "The Whistleblowers vs. The Big Guy." Whistleblower Joseph Ziegler joins to discuss.
What will companies do without pennies? We asked McDonald's, Kroger and more
The U.S. Mint in Philadelphia pressed its last circulating penny on Wednesday, after President Trump earlier this year directed the Treasury to stop minting new one-cent coins.
Treasury secretary counselor on shutdown
On Day 37 of the longest government shutdown in U.S. history, stocks were down across the board. Joe Lavorgna, counselor to Treasury Secretary Scott Bessent, joins "The Takeout" to discuss the economic ramifications of the shutdown.
Treasury secretary counselor on shutdown
On Day 37 of the longest government shutdown in U.S. history, stocks plummeted across the board. Joe Lavorgna, counselor to Treasury Secretary Scott Bessent, joins "The Takeout" to discuss the economic ramifications of the shutdown.
U.S. sanctions Colombian President Petro
The Trump administration on Friday announced sanctions on Colombian President Gustavo Petro and his family members, accusing the leader of having "allowed drug cartels to flourish." CBS News White House reporter Willie James Inman has the latest.
U.S. debt tops $38 trillion for first time, worsened by government shutdown
The national debt is rising faster than ever and threatens to undermine confidence in the economy, experts warn.
Who has received federal layoff notices?
The White House budget office says it has started handing out layoff notices to federal workers as the government shutdown reaches Day 10. CBS News political reporter Zak Hudak has more.
Counselor to treasury secretary on shutdown
Joe Lavorgna, counselor to Treasury Secretary Scott Bessent, joins "The Takeout" to assess how the government shutdown could affect the economy.
Treasury Dept may issue $1 Trump coin for 250th anniversary of U.S.
Treasury Department said a design isn't final after the U.S. Treasurer posted an image of a commemorative coin with President Trump's likeness.
How the Federal Reserve decision could influence mortgage rates
Experts say Americans shouldn't expect a further decline in mortgage rates immediately after the Fed's September meeting.
Trump calls on resignation of Fed governor
President Trump is calling on Federal Reserve Governor Lisa Cook to resign with his administration accusing her of mortgage fraud. Former Treasury official Kitty Richards joins "The Takeout" to discuss.
U.S. sanctions popular "narco-rapper" over alleged cartel ties
The administration alleges that 50% of the musician's royalties on streaming platforms go directly tothe Cartel del Noreste.
U.S. sanctions Brazilian judge overseeing case against Trump ally Jair Bolsonaro
The Trump administration said it is sanctioning Brazilian Supreme Court Justice Alexandre de Moraes, who is overseeing a case against former President Jair Bolsonaro.
Live
Iran accuses U.S. of violating ceasefire as stalemate continues in peace talks
The U.S. military reported that it has shot down six Iranian one-way attack drones headed toward the Strait of Hormuz.
Himes says Pulte in intelligence role is Trump's "worst and most dangerous" appointment
The top Democrat on the House Intelligence Committee said the timing of the appointment takes FISA Section 702 reauthorization "off the table."
Teen dies after showing symptoms of heat-related illness on Grand Canyon hike
An 18-year-old died last week on a hike deep in the Grand Canyon, after showing symptoms of heat-related illness, the National Park Service said.
Khanna condemns Platner's past actions, but "they didn't come as a surprise" to Maine voters
"His actions were misogynistic, they were shameful, they were wrong," Democratic Rep. Ro Khanna, who campaigned with the Senate candidate on Friday, said.
Missing Auburn University student in Japan found dead, mother says
James Higginbotham was found dead in a mountainous area outside Kyoto by a volunteer search-and-rescue group, his mother said.
Jared Kushner-backed luxury resort stokes days of protests in Albania
The so-called "Flamingo Revolution" has taken up the cause of protecting the Albanian coast from a development led by the president's son-in-law.
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.
Golden Tempo wins the Belmont Stakes after also taking the Kentucky Derby
Golden Tempo made Cherie DeVaux the first woman to train a Kentucky Derby winner.
FBI fires analysts who worked on memo about Catholic extremist ideology
The five fired FBI analysits were involved in the creation of a withdrawn internal 2023 intelligence memo on "Radical Traditionalist Catholic" ideology, sources said.
U.S.
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Teen dies after showing symptoms of heat-related illness on Grand Canyon hike
An 18-year-old died last week on a hike deep in the Grand Canyon, after showing symptoms of heat-related illness, the National Park Service said.
Full transcript of "Face the Nation with Margaret Brennan," June 7, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Ro Khanna and Don Bacon join Margaret Brennan.
Khanna condemns Platner's past actions, but "they didn't come as a surprise" to Maine voters
"His actions were misogynistic, they were shameful, they were wrong," Democratic Rep. Ro Khanna, who campaigned with the Senate candidate on Friday, said.
Young applicants discuss the challenges of today's job search
With the unemployment rate for young workers about twice as high as the national average, "Sunday Morning" talks with recent graduates from across the country about how AI is affecting both their prospects and the hiring process itself.
5 taken to the hospital after strong winds at NCAA tournament
Video from the storm showed rain and wind that reached speeds of 40 mph tearing up a tent, with one person flying through the air while trying to hold it down as another person rolls uncontrollably down a hill.
MoneyWatch
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Young applicants discuss the challenges of today's job search
With the unemployment rate for young workers about twice as high as the national average, "Sunday Morning" talks with recent graduates from across the country about how AI is affecting both their prospects and the hiring process itself.
Prediction markets have become a draw for young men. Here's why
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
The job market is much stronger than economists expected. Why?
Americans say it's tough to find a job, but employers just added a surprisingly strong 172,000 new hires in May.
Second Facebook privacy settlement payment is coming soon
The additional payouts come from uncashed settlement funds and will be issued to eligible claimants beginning on June 9.
Employers added 172,000 jobs in May, surging past expectations
The labor market continues to show strength despite rising inflation and concerns about slowing economic growth.
Politics
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Full transcript of "Face the Nation with Margaret Brennan," June 7, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Ro Khanna and Don Bacon join Margaret Brennan.
Khanna condemns Platner's past actions, but "they didn't come as a surprise" to Maine voters
"His actions were misogynistic, they were shameful, they were wrong," Democratic Rep. Ro Khanna, who campaigned with the Senate candidate on Friday, said.
Transcript: Rep. Don Bacon on "Face the Nation with Margaret Brennan," June 7, 2026
The following is the transcript of the interview with Rep. Don Bacon, Republican of Nebraska, that aired on "Face the Nation with Margaret Brennan" on June 7, 2026.
Transcript: Rep. Ro Khanna on "Face the Nation with Margaret Brennan," June 7, 2026
The following is the transcript of the interview with Rep. Ro Khanna, Democrat of California, that aired on "Face the Nation with Margaret Brennan" on June 7, 2026.
Himes says Pulte in intelligence role is Trump's "worst and most dangerous" appointment
The top Democrat on the House Intelligence Committee said the timing of the appointment takes FISA Section 702 reauthorization "off the table."
HealthWatch
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The promises and pitfalls of GLP-1 drugs
Approved 20 years ago as a diabetes treatment, GLP-1 drugs have been found to help patients reduce weight, changing the lives of more than 30 million people in the U.S. But there also have been troubling side effects reported.
The promises and pitfalls of GLP-1 drugs
Approved 20 years ago as a treatment for diabetes, GLP-1 drugs have been found also to help patients significantly reduce weight. More than 30 million people in the U.S. have had their lives changed by GLP-1 medications. But there have also been troubling side effects reported. Correspondent Tracy Smith talks with experts who say the drugs might prove useful in treating other diseases associated with obesity (including cancer); and with patients who have taken GLP-1 drugs and experienced widely varying reactions.
A breakthrough for Type 1 diabetes treatment
A medical breakthrough is showing promise for millions of Americans with Type 1 diabetes. It's an alternative to taking insulin without the injections. Mark Strassmann has more details.
U.S. doctor with Ebola recovers from deadly virus, German hospital says
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
Veteran runs to fight "life-changing disease" after minor symptoms
Dr. Sara Whittingham thought she would know if something was wrong. But her minor symptoms had a surprising cause.
World
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Alexander Zverev becomes Grand Slam champion with French Open win
In his fourth major final, Alexander Zverev beat Flavio Cobolli 6-1, 4-6, 6-4, 6-7 (5), 6-1 for the French Open title on Sunday.
Transcript: Rep. Don Bacon on "Face the Nation with Margaret Brennan," June 7, 2026
The following is the transcript of the interview with Rep. Don Bacon, Republican of Nebraska, that aired on "Face the Nation with Margaret Brennan" on June 7, 2026.
Transcript: Rep. Ro Khanna on "Face the Nation with Margaret Brennan," June 7, 2026
The following is the transcript of the interview with Rep. Ro Khanna, Democrat of California, that aired on "Face the Nation with Margaret Brennan" on June 7, 2026.
Transcript: Rep. Jim Himes on "Face the Nation with Margaret Brennan," June 7, 2026
The following is the transcript of the interview with Rep. Jim Himes, Democrat of Connecticut, that aired on "Face the Nation with Margaret Brennan" on June 7, 2026.
Russian strikes kill 3, damage nuclear fuel storage site near Chernobyl
Russian drone strikes killed three people at a bus stop in southeastern Ukraine and damaged a nuclear storage site near Chernobyl, officials said.
Entertainment
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Entertainment
6/7: Sunday Morning
Hosted by Jane Pauley: Featured: The Tony-nominated musical "Ragtime"; Steven Spielberg on "Disclosure Day"; GLP-1 medications; college grads' job search woes; a tour of the Sagrada Família in Barcelona; an exhibit of Queen Elizabeth II's fashion; and a honey sommelier.
The fashion of Queen Elizabeth II
During her lifetime, and her 70-year reign as Britain's monarch, Queen Elizabeth II's wardrobe was as important diplomatically as any speech she gave. A new exhibition on view at Buckingham Palace in London, "Queen Elizabeth II: Her Life in Style," is the most comprehensive look at her wardrobe, covering every decade of her life. Correspondent Alina Cho pays a visit, and also talks with fashion designer Erdem Moralioglu about how the Queen inspired his work.
"Disclosure Day" director Steven Spielberg on alien visitations
As a child, Steven Spielberg stared at a meteor shower and began his love affair with the sky. The director of the 1977 classic "Close Encounters of the Third Kind" returns with "Disclosure Day," which imagines closely-held secrets surrounding alien visitations.
Extended interview: Steven Spielberg
In this web exclusive, director Steven Spielberg talks with Turner Classic Movies host Ben Mankiewicz about his latest film, "Disclosure Day," and the science fiction influences on his work. He also discusses his beliefs about alien civilizations, given his depictions of extra-terrestrial life in some of his most popular movies.
Steven Spielberg on "Disclosure Day" and alien visitations
As a child, Steven Spielberg stared at a meteor shower on a wondrous starry night and began his love affair with the sky. The director of the classic "Close Encounters of the Third Kind" and "E.T.: The Extra-Terrestrial" has returned to the sci-fi genre with "Disclosure Day," which imagines closely-held secrets surrounding alien visitations. He talks with Turner Classic Movies host Ben Mankiewicz about UAP/UFO phenomena, the paranormal, and his own beliefs regarding intelligent life beyond Earth.
Technology
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Prediction markets have become a draw for young men. Here's why
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
Anthropic on global pause on AI development
Anthropic is urging a pause in AI development amid growing concerns about future risks, though some experts question the company's motives. Vicky Ge Huang, a reporter for The Wall Street Journal, joins CBS News with more details.
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.
Alarm over computer "worms" created with AI
Experts are warning about computer "worms" created with AI that can infect devices and harm users without restraint. University of Toronto professor Nicolas Papernot joins with more.
New details on SpaceX IPO plans
SpaceX is going public this month, and it could be the largest-ever stock market debut. As it plans this move, SpaceX has amended the language in its IPO filing to address the company's growing need for water, particularly to expand its data centers. CBS News' Kelly O'Grady reports, and University of California, Riverside, associate professor Shaolei Ren joins to discuss.
Science
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El Niño could bring more widespread coral bleaching, NOAA warns
The expected arrival of El Niño this summer could trigger another mass coral bleaching event, which would be the fifth on record, researchers said.
Scientists find yeast in frozen mummy's guts, use it to make bread
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Meteor lights up southern Michigan
Days after a meteor exploded over New England, another fireball was spotted, visible in the Midwest to the Northeast. Rob Marciano has more.
Ancient coin, mysterious markings found under Notre Dame cathedral
A team of archaeologists at the iconic cathedral is digging straight down and back in time, to Roman Paris 2,000 years ago.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Crime
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Crime
The Plot to Eliminate Alyssa Burkett
A toxic couple orchestrates an elaborate plan to kill a mother. "48 Hours" correspondent Peter Van Sant reports.
Ex-boyfriend and fiancée behind fatal stabbing, shooting of Texas mom
What appeared to be an open-and-shut case for Texas investigators turned out to be a twisted murder plot involving victim Alyssa Beard's ex-boyfriend Andrew Beard and his fiancée Holly Elkins – who detectives say was the mastermind.
Police give update on shooting near festival
At least 12 people were wounded in a shooting near the Old West End Festival in Toledo, Ohio, officials said Saturday. The Toledo Police Department gave a press briefing on the incident.
L.A. police chase ends in deadly shooting
The freeways of Los Angeles saw two big police pursuits on Friday. The first chase ended when authorities reported that a robbery suspect was shot and killed on the busy 405 Freeway during morning rush hour. In the second incident, an alleged carjacker was taken down by a police K-9 following a meandering three-hour chase. Carter Evans has more.
Marine veteran fights off armed attackers
A Marine veteran was working on his truck in front of his home in Oxon Hill, Maryland, this week, when four teens tried to rob him at gunpoint. That is when his military training kicked in. Tom Hanson reports.
Space
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Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
Blue Origin vows to resume New Glenn launches despite explosion
Damage to Blue Origin's lone launch pad in the wake of last week's spectacular explosion was not as severe as initially feared, the company said.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
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.
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.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
6/7: Sunday Morning
Hosted by Jane Pauley: Featured: The Tony-nominated musical "Ragtime"; Steven Spielberg on "Disclosure Day"; GLP-1 medications; college grads' job search woes; a tour of the Sagrada Família in Barcelona; an exhibit of Queen Elizabeth II's fashion; and a honey sommelier.
Face the Nation: Bacon, Krebs, Buchanan
Missed the second half of the show? GOP Rep. Don Bacon of Nebrask, cybersecurity expert Chris Krebs and former Biden AI adviser Ben Buchanan discuss artificial intelligence, while Rye Barcott, the co-founder of With Honor and author of "Courage Can Save Us: Ten Extraordinary Americans and the Fight for Our Future," also joins.
6/7: Face The Nation
This week on "Face the Nation with Margaret Brennan," Reps. Ro Khanna, Jim Himes and Don Bacon join. Plus, a panel on artificial intelligence with Chris Krebs and Ben Buchanan.
Marine veteran on public service
Rye Barcott, a Marine veteran who co-founded With Honor, a group that works to elect service members, told "Face the Nation with Margaret Brennan" that one of the key takeaways for his new book "Courage Can Save Us" is "to find a route into public service, and that's one of the goals with this."
Cybersecurity experts on AI technology
CBS News contributor Chris Krebs, who ran CISA in the first Trump administration, and Ben Buchanan, who advised President Biden and is now a professor at Johns Hopkins and an adviser to Anthropic, joined "Face the Nation with Margaret Brennan" to discuss whether the government should regulate AI -- and if so, how it should be regulated.