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.
"The Brutalist" named year's best film by New York film critics
The New York Film Critics Circle, one of the nation's oldest and most venerated critics' groups, is kicking movie awards season into high gear Tuesday as they select their choices for the best of 2024.
House Democrats move to oust aging committee leaders
Candidates for the positions have stressed the need to be able to effectively counter President-elect Donald Trump and Republicans in Congress.
U.S. looks to end subminimum wage for workers with disabilities
A Biden administration proposal would phase out a program that lets employers pay some workers less than $7.25 an hour.
Frontier to introduce first-class seating. Here's what it will look like.
Frontier is adding premium seating tier to its offerings. Here's what it will look like, and when it will be available.
Illinois deputy stops runaway car, saves pregnant woman
A pregnant woman in Williamson County avoided disaster when her car's brakes failed and a deputy used a rolling roadblock to bring the vehicle to a safe stop.
U.S. charges Chinese national for exporting guns and ammo to North Korea
A Chinese national living in California is accused of exporting guns and ammunition to North Korea at the direction of North Korean agents.
GM recalls 132K pickups for tailgates that can open unexpectedly
General Motors is adding over 132,000 heavy-duty pickups in the U.S. to a previous recall for tailgate release switches that can short circuit and open the gates while the trucks are in park.
Young Thug co-defendants found not guilty of murder in Georgia gang trial
The gang and racketeering case involving rapper Young Thug ended as his co-defendants were acquitted of murder charges.
Is Enron really back in business? Here's what to know.
A new Enron website appeared on Monday to proclaim its relaunch. It's been 23 years since the energy company went up in smoke.
U.S.
More U.S.
"The Brutalist" named year's best film by New York film critics
The New York Film Critics Circle, one of the nation's oldest and most venerated critics' groups, is kicking movie awards season into high gear Tuesday as they select their choices for the best of 2024.
House Democrats move to oust aging committee leaders
Candidates for the positions have stressed the need to be able to effectively counter President-elect Donald Trump and Republicans in Congress.
U.S. looks to end subminimum wage for workers with disabilities
A Biden administration proposal would phase out a program that lets employers pay some workers less than $7.25 an hour.
Frontier to introduce first-class seating. Here's what it will look like.
Frontier is adding premium seating tier to its offerings. Here's what it will look like, and when it will be available.
Illinois deputy stops runaway car, saves pregnant woman
A pregnant woman in Williamson County avoided disaster when her car's brakes failed and a deputy used a rolling roadblock to bring the vehicle to a safe stop.
MoneyWatch
More MoneyWatch
U.S. looks to end subminimum wage for workers with disabilities
A Biden administration proposal would phase out a program that lets employers pay some workers less than $7.25 an hour.
Frontier to introduce first-class seating. Here's what it will look like.
Frontier is adding premium seating tier to its offerings. Here's what it will look like, and when it will be available.
GM recalls 132K pickups for tailgates that can open unexpectedly
General Motors is adding over 132,000 heavy-duty pickups in the U.S. to a previous recall for tailgate release switches that can short circuit and open the gates while the trucks are in park.
Is Enron really back in business? Here's what to know.
A new Enron website appeared on Monday to proclaim its relaunch. It's been 23 years since the energy company went up in smoke.
What to know about Social Security's December schedule and COLA increase
Social Security beneficiaries have some changes coming in December and January, due to quirks of the calendar and a payment hike.
Politics
More Politics
House Democrats move to oust aging committee leaders
Candidates for the positions have stressed the need to be able to effectively counter President-elect Donald Trump and Republicans in Congress.
U.S. charges Chinese national for exporting guns and ammo to North Korea
A Chinese national living in California is accused of exporting guns and ammunition to North Korea at the direction of North Korean agents.
Trump says he will attend Notre Dame reopening in Paris this weekend
Notre Dame is set to reopen this weekend after a 2019 fire, with a grand celebration.
South Korea parliament votes to defy president, lift martial law order
South Korean President Yoon Suk Yeol accused the country's opposition of controlling the parliament and sympathizing with North Korea.
Supreme Court to confront gender-affirming care for transgender minors
The Supreme Court on Wednesday will consider the constitutionality of a Tennessee law that prohibits gender-affirming care for minors experiencing gender dysphoria.
HealthWatch
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Here's how holiday drinking can affect your health, according to a doctor
Estimates show Americans drink twice as much during the holiday season as they normally do. Here's how the extra alcohol can impact your health.
Kids worked overnight shifts at pork processing plant, feds find
Feds find 11 kids illegally employed for at least 4 years at Seaboard Triumph Foods facility in Sioux City, Iowa.
Jane Fonda with a secret of aging well
A Yale study showed that older people with more positive beliefs about aging lived an average of 7.5 longer than people who equated aging with disease and decline. Actress and activist Jane Fonda and anti-ageism advocate Ashton Applewhite present "Sunday Morning" viewers with a key to living a longer life, by maintaining a better outlook.
Are there really risks to fluoride in water?
President-elect Donald Trump's pick to lead the Department of Health and Human Services, Robert F. Kennedy Jr., says fluoride can cause health problems and wants it removed from our drinking water. CBS News medical contributor Dr. Celine Gounder, editor-at-large for public health at KFF Health News, has more on the risks and benefits that come with fluoride.
New Mexico man awarded $412 million for botched penile injections
The man's attorneys said the punitive and compensatory damages total the largest amount to ever be awarded by a jury in a medical malpractice case in the U.S.
World
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U.S. charges Chinese national for exporting guns and ammo to North Korea
A Chinese national living in California is accused of exporting guns and ammunition to North Korea at the direction of North Korean agents.
Trump says he will attend Notre Dame reopening in Paris this weekend
Notre Dame is set to reopen this weekend after a 2019 fire, with a grand celebration.
South Korea parliament votes to defy president, lift martial law order
South Korean President Yoon Suk Yeol accused the country's opposition of controlling the parliament and sympathizing with North Korea.
Treasure trove of Roman coins found during construction in U.K.
The stash of over 1,300 coins has become known as the Worcestershire Conquest Hoard.
Iran frees rapper Toomaj Salehi months after death sentence overturned
Iran has released dissident rapper Toomaj Salehi more than two years after his backing of women's rights protests over Mahsa Amini's death landed him in prison.
Entertainment
More Entertainment
"The Brutalist" named year's best film by New York film critics
The New York Film Critics Circle, one of the nation's oldest and most venerated critics' groups, is kicking movie awards season into high gear Tuesday as they select their choices for the best of 2024.
"Wicked" director Jon M. Chu on casting, movie's impact and part two release
Jon M. Chu, the director of the movie "Wicked," spoke with "CBS Mornings" about working with Cynthia Erivo and Ariana Grande, along with the connection fans have with the film.
Mindy Kaling, Morris Chestnut to announce 2024 Golden Globe nominees
Actors Mindy Kaling and Morris Chestnut will reveal nominees for the 82nd Annual Golden Globe Awards on Dec. 9 during a live announcement on "CBS Mornings" and CBSNews.com.
Unveiling YouTube's top trends for 2024
Exclusively on "CBS Mornings Plus," YouTube's Culture and Trends lead Maddy Buxton joins us to reveal YouTube's top trends for 2024.
Jon M. Chu on making "Wicked" a movie
Jon M. Chu, the director behind the smash-hit "Wicked," joins "CBS Mornings" to talk about how he turned the beloved Broadway musical into a record-breaking blockbuster that has earned over $360 million worldwide.
Technology
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Technology
Most common passwords of 2024 revealed
Hackers' favorites top this year's list of most common passwords, with "123456," "password" and "qwerty123" leading the pack. Experts warn these choices make your accounts an easy target.
Bluesky says X's "partisan microphone" are driving users to it
Bluesky has added millions of new subscribers in the last month as some users leave X. Here's what to know.
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.
Company pilots drone food delivery service
In California, a company is running a pilot program for drone food delivery. Itay Hod takes a look at how the service works.
Canada's antitrust watchdog files lawsuit against Google over its ad business
Canada's Competition Bureau says that an investigation found the company "unlawfully" tied together its ad tech tools to maintain its dominant market position.
Science
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Science
Starbucks plastic cup investigation
CBS News tracked plastic cups meant to be recycled by Starbucks and found that most of those did not end up at recycling facilities. CBS News' David Schechter breaks down the investigation's findings.
NASA shows off image of U.S. military's abandoned "city under the ice"
Scientists now have a clearer picture of Camp Century, an abandoned U.S. military base long hidden under the ice in Greenland, thanks to a NASA research team's good luck.
Divided U.N. negotiations for plastic treaty
Negotiators are far apart as the United Nations tries to work out the world's first treaty to curb plastic pollution. Issues creating roadblocks include limiting new manufacturing of plastic and the potential phasing out of some chemicals. For more on the talks, CBS News was joined by Erin Simon, vice president and head of plastic waste and business for the World Wildlife Fund in the U.S.
Honolulu hopes to identify long-unclaimed bodies with advanced DNA testing
Forensic pathologists hope advanced DNA testing technology will enable them to attach names to all the unidentified people at the Honolulu Medical Examiner's Office.
Dishing up space food
At the Johnson Space Food Systems Laboratory in Houston, NASA scientists develop dishes – freeze-dried, heat-stabilized, or irradiated – to serve on the International Space Station. Correspondent David Pogue checks out what's on the menu in Earth orbit.
Crime
More Crime
Young Thug co-defendants found not guilty of murder in Georgia gang trial
The gang and racketeering case involving rapper Young Thug ended as his co-defendants were acquitted of murder charges.
Death sentence upheld for tycoon — unless she pays $9 billion
Truong My Lan was convicted of swindling money from Saigon Commercial Bank (SCB) and sentenced to death for fraud totaling $27 billion.
"It's Christmas": Chef urged thieves to donate $32K worth of stolen pies
A Michelin-starred chef called on the thieves who stole his van, along with 2,500 meat pies inside it, to embrace the holiday spirit.
Virginia man charged with murder 4 months after wife vanished
Mamta Bhatt's body still has not been found, but investigators linked her DNA to the blood found in the couple's home, police said.
Woman gets 25 years for deadly DUI crash
A South Carolina woman will spend 25 years in prison for a drunken crash that killed a bride on her wedding day in April 2023. Jamie Lee Komoroski pleaded guilty to several charges, including felony DUI. CBS News' Skyler Henry is outside the courthouse with more.
Space
More Space
Webb telescope captures stunning new image of the "Sombrero galaxy"
The Sombrero galaxy, named for its resemblance to the Mexican hat, is about 30 million light-years from Earth.
Blue Origin launches 6 tourists to the edge of space
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
Blue Origin launches 9th space tourism flight
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
Trump, Musk attend SpaceX launch
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
SpaceX launches Super Heavy-Starship, with Trump there to watch
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
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.
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.
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.
Summer music heats up 2024
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
South Korea martial law declaration
190 of 300 members of South Korea's parliament voted to defy President Yoon Suk Yeol's martial law declaration issued late Tuesday. CBS News' Jen Kwon breaks down the latest on accusations of lawmakers there sympathizing with communist North Korea.
Sentencing details for crash that killed bride
A South Carolina judge on Monday handed down a 25-year sentence to the drunk driver who hit and killed a bride on her wedding night in 2023. CBS News correspondent Skyler Henry has more on the tragic story and emotional day in court.
Watch: Biden speaks in Angola
President Biden delivered remarks Tuesday at the National Museum of Slavery in Angola's capital, part of a trip that has seen Mr. Biden become the first sitting U.S. president to visit the Sub-Saharan African nation. CBS News White House reporter Willie James Inman followed the president's speech with context and analysis.
China puts ban on some exports to U.S.
China has banned exports to the U.S. of some materials essential to the manufacturing of electronics and some military equipment. It comes in response to Washington's chip sanctions on Beijing. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Hegseth passing on meetings with moderates
President-elect Donald Trump's Cabinet choices have been making the rounds on Capitol Hill to meet with the senators who will vote for their confirmation, but defense secretary pick Pete Hegseth has so far kept his meetings to those who have been firm in their support of Trump. Hegseth is facing renewed allegations of misconduct from when he was part of a veterans charity in 2016. CBS News congressional correspondent Scott MacFarlane has more on that and talks over federal disaster relief funds.