Will Fed raise interest rates again this week? Here's what to expect.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
Banking Crisis & Response
Bank stocks tumble as First Republic deal fails to stem investor fears
Shares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
What happens to First Republic Bank's stock and deposits now?
JPMorgan Chase is buying the troubled lender after it became the second biggest bank failure in U.S. history.
First Republic Bank seized by regulators, then sold to JPMorgan Chase
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
First Republic teeters on collapse as FDIC circles troubled bank
The ailing regional lender is at risk of becoming the third U.S. bank to collapse since March.
Bill would require clawback of compensation from executives of failed banks
The legislation from a bipartisan group of senators would require regulators to claw back all or part of the compensation bank executives got in the five years leading up to a bank's failure.
Fed calls SVB's failure a "textbook case of bank mismanagement"
FDIC Chairman Martin Gruenberg estimated about $20 billion would be needed to cover the collapse of Silicon Valley Bank.
Transcript: Neel Kashkari on "Face the Nation," March 26, 2023
The following is a transcript of an interview with Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, that aired on "Face the Nation" on Sunday, March 26, 2023.
Americans voice confidence in their banks, but inflation woes continue
They say government helps wealthy more than middle class amid bank issues.
White House economy official on bank failures
Bharat Ramamurti, deputy director for the National Economic Council, joins Lana Zak and Errol Barnett ahead of the Federal Reserve's decision on interest rates. He discusses the Biden administration's response to recent bank failures and stubbornly high inflation.
Specter of "too big to fail" still haunts the banking industry
Forced sale of a storied investment bank and lax U.S. financial rules are renewing concerns about the banking sector.
Investors are panicked over banks. Will the Fed make things worse?
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
Fed expected to raise interest rates again
The Federal Reserve is expected to announce another round of interest rate hikes on Wednesday. Colby Smith, U.S. economics editor for the Financial Times, joins CBS News to discuss how the Fed's potential decision is tied to the banking crisis.
Yellen: We have plan in place in case more banks fail
The treasury secretary says the plan would be set in motion if additional collapses trigger a run on banks.
First Republic Bank woes mount despite Wall Street rescue
Regional lender's stock prices plunges 47% even after a group of the nation's biggest banks injected $30 billion in deposits.
SVB and First Republic's problems aren't going away. Here's why.
About 190 banks could fail if even half of their uninsured depositors withdraw their money, a new study finds.
UBS to purchase Credit Suisse amid fallout from U.S. bank collapses
Officials announced the takeover on Sunday, after shares of Credit Suisse plummeted last week despite a $54 billion loan from the Swiss National Bank.
Transcript: "Pivot" co-hosts Kara Swisher and Scott Galloway on "Face the Nation," March 19, 2023
The following is a transcript of an interview with Kara Swisher and Scott Galloway, co-hosts of "Pivot" podcast, that aired on "Face the Nation" on Sunday, March 19, 2023.
Transcript: H.R. McMaster on "Face the Nation," March 19, 2023
The following is a transcript of an interview with H.R. McMaster,former national security adviser in the Trump White House and a CBS News contributor, that aired on "Face the Nation" on Sunday, March 19, 2023.
Transcript: Gary Cohn on "Face the Nation," March 19, 2023
The following is a transcript of an interview with Gary Cohn, the former top economic adviser in the Trump White House and now vice chairman of IBM, that aired on "Face the Nation" on Sunday, March 19, 2023.
Transcript: Rep. Patrick McHenry on "Face the Nation," March 19, 2023
The following is a transcript of an interview with Rep. Patrick McHenry, Republican of North Carolina, that aired on "Face the Nation" on Sunday, March 19, 2023.
Transcript: Sen. Elizabeth Warren on "Face the Nation," March 19, 2023
The following is a transcript of an interview with Sen. Elizabeth Warren, Democrat of Massachusetts, that aired on "Face the Nation" on Sunday, March 19, 2023.
Shares of First Republic, Credit Suisse tumble despite new capital
The banks came under renewed pressure despite emergency measures to bolster their finances.
Biden asks Congress to crack down on executives at failed banks
The president is asking Congress to expand the FDIC's authority to penalize executives of failed banks.
Who pays for bank failures like SVB and Signature?
The Federal Deposit Insurance Corp will shoulder the immediate cost, but bank customers could see higher fees later.
U.S.
TV bailiff accused of murder sobs, "I live with it every day"
Renard Spivey was found not guilty of his wife's murder, but he says he still can't sleep at night.
Trump to be sentenced for New York "hush money" crimes, a historic first
Trump was found guilty in May of 34 felonies in authorizing a scheme in 2017 to falsify records in order to cover up reimbursements for a "hush money" payment.
Many Americans are leaving U.S. states with abortion bans, study finds
Abortion bans enacted since Roe v. Wade was overturned may be driving Americans to leave restrictive states, researchers find.
Questions over attack linger as New Orleans brings in security expert
New Orleans is facing lawsuits and investigations surrounding its safety barriers as the Super Bowl and dozens of Mardi Gras parades loom.
"This Is Us" star Milo Ventimiglia loses home to Los Angeles fires
Ventimiglia, a 47-year-old father to be, is among the celebrities affected by the destructive blazes that broke out Tuesday morning.
Appeals court won't block partial release of special counsel's Trump report
Special counsel Jack Smith submitted his final report on his investigations into President-elect Donald Trump to Attorney General Merrick Garland on Tuesday.
Alec Baldwin files lawsuit over manslaughter charge in fatal "Rust" shooting
The lawsuit was filed in Santa Fe, where a judge in July dismissed a charge of involuntary manslaughter against Alec Baldwin in the death of cinematographer Halyna Hutchins.
Supreme Court won't stop Trump sentencing in "hush money" criminal case
President-elect Trump's sentencing for his criminal conviction in New York is scheduled for Friday morning.
This week on "Sunday Morning" (January 12)
"Sunday Morning" remembers some of the newsworthy men and women who passed away this year, who touched us with their creativity and humanity.
U.S.
More U.S.
TV bailiff accused of murder sobs, "I live with it every day"
Renard Spivey was found not guilty of his wife's murder, but he says he still can't sleep at night.
Trump to be sentenced for New York "hush money" crimes, a historic first
Trump was found guilty in May of 34 felonies in authorizing a scheme in 2017 to falsify records in order to cover up reimbursements for a "hush money" payment.
Many Americans are leaving U.S. states with abortion bans, study finds
Abortion bans enacted since Roe v. Wade was overturned may be driving Americans to leave restrictive states, researchers find.
Questions over attack linger as New Orleans brings in security expert
New Orleans is facing lawsuits and investigations surrounding its safety barriers as the Super Bowl and dozens of Mardi Gras parades loom.
"This Is Us" star Milo Ventimiglia loses home to Los Angeles fires
Ventimiglia, a 47-year-old father to be, is among the celebrities affected by the destructive blazes that broke out Tuesday morning.
MoneyWatch
More MoneyWatch
Many Americans are leaving U.S. states with abortion bans, study finds
Abortion bans enacted since Roe v. Wade was overturned may be driving Americans to leave restrictive states, researchers find.
Prison inmates among those fighting the Los Angeles wildfires
Hundreds of incarcerated firefighters are working to extinguish the massive blaze scorching Los Angeles.
What Californians should know about filing insurance claims after fire
For those who have it, a standard homeowners' insurance policy does cover destruction caused by fire, including wildfires.
Businesses offer aid to people affected by Los Angeles wildfires
Some businesses are offering free emergency shelter and other services to residents who have been displaced by the Los Angeles fires.
The TikTok ban heads to the Supreme Court today. Here's what to know.
The Supreme Court is set to hear arguments Friday morning on whether to overturn or delay a law that could lead to a ban on TikTok in the U.S.
Politics
More Politics
Trump to be sentenced for New York "hush money" crimes, a historic first
Trump was found guilty in May of 34 felonies in authorizing a scheme in 2017 to falsify records in order to cover up reimbursements for a "hush money" payment.
Appeals court won't block partial release of special counsel's Trump report
Special counsel Jack Smith submitted his final report on his investigations into President-elect Donald Trump to Attorney General Merrick Garland on Tuesday.
Supreme Court won't stop Trump sentencing in "hush money" criminal case
President-elect Trump's sentencing for his criminal conviction in New York is scheduled for Friday morning.
Appeals court pauses plea proceedings in alleged 9/11 architect KSM's case
The U.S. had filed an appeal to stop plea proceedings for alleged 9/11 architect Khalid Sheikh Mohammed and two others from moving forward Friday in the war court in Guantanamo Bay.
JD Vance resigns from Senate ahead of becoming vice president
Ohio Gov. Mike DeWine will appoint Vice President-elect JD Vance's replacement.
HealthWatch
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Many Americans are leaving U.S. states with abortion bans, study finds
Abortion bans enacted since Roe v. Wade was overturned may be driving Americans to leave restrictive states, researchers find.
Slipped up during Dry January? Expert tips for getting back on track
In Dry January, people choose to give up alcohol for the month, but what happens if they have a drink? Here's what an expert says.
Over 17,000 doctors urge Senate to reject RFK Jr. as health secretary
Thousands of doctors are calling on the Senate to reject Trump's nomination of Robert F. Kennedy Jr., saying he is "actively dangerous."
Most of the world's 35,000 online pharmacies are run illegally, U.S. warns
Ninety-six percent of online pharmacies were found to violate the law, meaning they were operating without a license and selling medications without prescriptions.
How Olivia Munn's cancer journey sparked life-saving test for Alison Hall
"Inside Edition" correspondent Alison Hall opens up about her breast cancer battle and how Olivia Munn's own experience with early detection inspired her to take a life-saving risk assessment test.
World
More World
Maduro to be sworn in again despite outcry over Venezuela's election
Donald Trump says Venezuela's embattled opposition leader must be protected, as President Nicolas Maduro prepares to take the oath again after allegedly stealing an election.
Mercury's north pole seen in stunning new photos after spacecraft flyby
The BepiColombo spacecraft swooped as close as 183 miles above Mercury's night side before passing directly over the planet's north pole.
Founder of adult website linked to mass rape trial faces charges
The website enabled Dominique Pelicot to recruit dozens of strangers to rape his heavily sedated wife for years, authorities say.
Woman reportedly wounds 8 in hammer attack at university in Tokyo
Japanese media say a sociology student attacked her classmates with a hammer during class after voicing frustration at being ignored.
Most of the world's 35,000 online pharmacies are run illegally, U.S. warns
Ninety-six percent of online pharmacies were found to violate the law, meaning they were operating without a license and selling medications without prescriptions.
Entertainment
More Entertainment
"This Is Us" star Milo Ventimiglia loses home to Los Angeles fires
Ventimiglia, a 47-year-old father to be, is among the celebrities affected by the destructive blazes that broke out Tuesday morning.
Alec Baldwin files lawsuit over manslaughter charge in fatal "Rust" shooting
The lawsuit was filed in Santa Fe, where a judge in July dismissed a charge of involuntary manslaughter against Alec Baldwin in the death of cinematographer Halyna Hutchins.
Actor Milo Ventimiglia loses home in L.A. fires
Actor Milo Ventimiglia has revealed his family's Malibu home burnt down in the Los Angeles fires -- an eerie reflection of the tragedy that befell his character on the NBC drama series "This Is Us." Tony Dokoupil has more.
TikTok could shut down unless Supreme Court blocks or delays U.S. ban
Court to hear arguments Friday on law forcing TikTok sale by Chinese parent company that takes effect in Jan. 19.
Harlan Coben on success of "Missing You"
Harlan Coben joins CBS Mornings to talk about "Missing You," the global TV hit he executive produces. Based on his novel, the show follows Det. Kat Donovan as she investigates the case of a missing person.
Technology
More Technology
The TikTok ban heads to the Supreme Court today. Here's what to know.
The Supreme Court is set to hear arguments Friday morning on whether to overturn or delay a law that could lead to a ban on TikTok in the U.S.
TikTok could shut down unless Supreme Court blocks or delays U.S. ban
Court to hear arguments Friday on law forcing TikTok sale by Chinese parent company that takes effect in Jan. 19.
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.
Fact-checkers to Mark Zuckerberg: We never censored anything
Fact-checking firms that teamed with Meta are refuting CEO Mark Zuckerberg's suggestion linking their work to censorship.
Implications of Meta's decision
Nick Thompson, CEO of "The Atlantic" and former editor-in-chief of "Wired," discusses the consequences of Meta's decision to end its fact-checking program and the rise of self-policing in a "post-information" age.
Science
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Science
Jimmy Carter's fight against climate change
The wildfires in California are the latest in a string of natural disasters made worse by climate change. Former President Jimmy Carter was one of the first U.S. officials to draw attention to man-made issues impacting the environment. Gus Speth, a member and chair of the Council on Environmental Quality during Carter's presidency, joins "The Daily Report."
What is Biden's legacy on climate change?
Officials on Wednesday afternoon briefed President Biden about the massive wildfires in Southern California fueled by climate change. Slashing Mr. Biden's climate regulations is at the top of President-elect Donald Trump's to-do list. CBS News environmental correspondent David Schecter joins "America Decides" to look at the outgoing president's record on the issue.
Biden offers aid to California to fight fires
Multiple fires are burning in the Los Angeles area, forcing thousands to flee their homes and destroying hundreds of buildings. President Biden approved a major disaster declaration Wednesday afternoon to help California boost the ranks of those battling the blazes. CBS News correspondent Elise Preston has more from Malibu.
Scientists: "Toxic" semen could kill female mosquitoes, curb disease spread
Female mosquitoes are targeted because only they bite and drink blood, thereby spreading diseases such as malaria and dengue fever.
Jimmy Carter's environmental legacy
As the U.S. Capitol prepares to honor former President Jimmy Carter, Rolling Stone climate reporter Jeff Goodell looks back on his environmental legacy.
Crime
More Crime
TV bailiff accused of murder sobs, "I live with it every day"
Renard Spivey was found not guilty of his wife's murder, but he says he still can't sleep at night.
Suspect captured week after Wisconsin woman, 2 girls found dead
Elizabeth Kolba, 33, and two girls ages 12 and 13 were found shot to death at a home in New Lisbon on Dec. 30.
Founder of adult website linked to mass rape trial faces charges
The website enabled Dominique Pelicot to recruit dozens of strangers to rape his heavily sedated wife for years, authorities say.
Woman reportedly wounds 8 in hammer attack at university in Tokyo
Japanese media say a sociology student attacked her classmates with a hammer during class after voicing frustration at being ignored.
Military doctor pleads guilty to sexually abusing dozens of soldiers
Maj. Michael Stockin faced 52 charges involving claims of abusive sexual contact with 41 victims, the Army said.
Space
More Space
Mercury's north pole seen in stunning new photos after spacecraft flyby
The BepiColombo spacecraft swooped as close as 183 miles above Mercury's night side before passing directly over the planet's north pole.
NASA studies options to rein in cost of Mars Sample Return mission
NASA hopes a revised plan will get Mars samples back to Earth faster and cost less than the agency's original plan.
Webb telescope spots record number of stars in distant galaxy
A phenomenon called gravitational lensing turned a galaxy into a "hall of mirrors of cosmic proportions," allowing for the discovery.
NASA probe beams home update after record-breaking flyby of sun
NASA said scientists began receiving more detailed telemetry — or "housekeeping data" — from the spacecraft on New Year's Day.
When and where to see the Quadrantids, 2025's first meteor shower
The first meteor shower of 2025 is about to peak. Here's how to watch and where you can see the Quadrantids.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Scott Peterson case: New evidence?
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Texas couple investigates teen daughter's unusual death
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Serial killer Rodney Alcala's secret photos
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Trump to be sentenced in "hush money" case
President-elect Donald Trump will be sentenced Friday for his New York "hush money" conviction. Trump was found guilty last year on 34 counts for falsifying business records. CBS News political reporter Olivia Rinaldi has more.
Slowdown expected in December jobs report
The December jobs report is set to be released later Friday morning and it's expected to show slowing growth. According to a survey of forecasters by the data firm FactSet, U.S. employers are expected to have added 153,000 jobs last month, a significant drop from November's report that saw 227,000 new jobs. CBS News MoneyWatch correspondent Kelly O'Grady has more.
New Orleans ramps up security
One week after the deadly attack on Bourbon Street in the early morning hours of New Year's Day, New Orleans has brought in a security expert to help guide the city's plans in the near future. As the city faces lawsuits and investigations concerning the supposed mismanagement of safety barriers, New Orleans is preparing for the Super Bowl and dozens of parades in the coming weeks leading up to Mardi Gras. Kati Weis reports.
Efforts to save animals from California fires
Hundreds of volunteers came together at the Pasadena Humane Society to help save animals displaced by the wildfires ravaging the Los Angeles area. CBS News Los Angeles' Josh Sanders reports on the efforts.
Trump on Supreme Court's "hush money" ruling
President-elect Donald Trump answered questions from reporters about the Supreme Court denying his attempt to halt his sentencing in New York's criminal "hush money" case. He also addressed questions about his interaction with former President Barack Obama at President Jimmy Carter's state funeral and criticized Democratic leadership in California amid wildfires.