![Fed Chair Jerome Powell Speaks At The Economic Club Of Washington D.C.](https://assets2.cbsnewsstatic.com/hub/i/r/2022/09/21/223f3f0d-28e8-42f3-9d68-70fa792782b8/thumbnail/640x360/a53153e8acb28f113e0e4edbfe3bddf0/powell-gettyimages-1411282541.jpg?v=5501038cbc281520ff9fdc308faab7dc#)
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.
Watch CBS News
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
Shares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
JPMorgan Chase is buying the troubled lender after it became the second biggest bank failure in U.S. history.
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.
The ailing regional lender is at risk of becoming the third U.S. bank to collapse since March.
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.
FDIC Chairman Martin Gruenberg estimated about $20 billion would be needed to cover the collapse of Silicon Valley Bank.
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.
They say government helps wealthy more than middle class amid bank issues.
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.
Forced sale of a storied investment bank and lax U.S. financial rules are renewing concerns about the banking sector.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
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.
The treasury secretary says the plan would be set in motion if additional collapses trigger a run on banks.
Regional lender's stock prices plunges 47% even after a group of the nation's biggest banks injected $30 billion in deposits.
About 190 banks could fail if even half of their uninsured depositors withdraw their money, a new study finds.
Officials announced the takeover on Sunday, after shares of Credit Suisse plummeted last week despite a $54 billion loan from the Swiss National Bank.
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.
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.
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.
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.
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.
The banks came under renewed pressure despite emergency measures to bolster their finances.
The president is asking Congress to expand the FDIC's authority to penalize executives of failed banks.
The Federal Deposit Insurance Corp will shoulder the immediate cost, but bank customers could see higher fees later.
Senate Majority Leader Schumer called the addition of the Sen. JD Vance to the Republican ticket an "incredibly bad choice."
Kamala Harris' campaign, which announced the total on Sunday, said 66% of the funds came from first-time donors.
"48 Hours" obtained exclusive access to the findings of an independent investigation into the unsolved death of the South Carolina teen, whose case was linked to the Murdaughs.
The brutal murder of a former model in her Georgia home in 2008 remains unsolved. Can you help investigators find her killer?
Speaking to more than 800 attendees in Pittsfield, Massachusetts, Vice President Kamala Harris made her campaign pitch and defended her record to that of her rival, former President Donald Trump.
In Florida's Key West, the chickens are as much a tourist attraction as the Southernmost Point Buoy.
The three-year deal will increase pay by an average of 10% and offer other benefits to workers at a store in the Baltimore suburb of Towson.
Cooler temperatures and an increase in humidity on Saturday could help slow the Park Fire, the largest blaze so far this year in California.
Katie Ledecky won bronze in the women's 400-meter freestyle, while Team USA won silver in the women's 4x100-meter freestyle.
Senate Majority Leader Schumer called the addition of the Sen. JD Vance to the Republican ticket an "incredibly bad choice."
Kamala Harris' campaign, which announced the total on Sunday, said 66% of the funds came from first-time donors.
"48 Hours" obtained exclusive access to the findings of an independent investigation into the unsolved death of the South Carolina teen, whose case was linked to the Murdaughs.
The brutal murder of a former model in her Georgia home in 2008 remains unsolved. Can you help investigators find her killer?
Speaking to more than 800 attendees in Pittsfield, Massachusetts, Vice President Kamala Harris made her campaign pitch and defended her record to that of her rival, former President Donald Trump.
The three-year deal will increase pay by an average of 10% and offer other benefits to workers at a store in the Baltimore suburb of Towson.
TikTok employees used an internal system to gather sensitive data about U.S. users, federal officials said.
Half of all U.S. states have at least one city where a relatively modest residence costs $1 million, according to a new analysis.
Multimillionaires are much happier than the merely well off, suggesting life satisfaction continues to improve the wealthier you are.
"Inside the NBA" host Charles Barkley is decrying the NBA's new broadcast pact, saying Warner Bros. Discovery's TNT "never had a chance."
The following is a transcript of an interview with House Foreign Affairs Committee chair Rep. Michael McCaul, Republican of Texas, on "Face the Nation" that aired on July 28, 2024.
Senate Majority Leader Schumer called the addition of the Sen. JD Vance to the Republican ticket an "incredibly bad choice."
The following is a transcript of an interview with New Mexico Gov. Michelle Lujan Grisham, a Democrat, on "Face the Nation" that aired on July 28, 2024.
The following is a transcript of an interview with Sen. Chris Van Hollen, Democrat of Maryland, on "Face the Nation" that aired on July 28, 2024.
The following is a transcript of an interview with Sen. Lindsey Graham, Republican of South Carolina, on "Face the Nation" that aired on July 28, 2024.
We asked three Olympic athletes — gymnast Suni Lee, rugby player Steph Rovetti and swimmer Cullen Jones — what they eat in a day. Here's what they said.
Amid a widening listeria outbreak, Boar's Head is recalling all of its liverwurst products sold nationwide, as well as some deli meats.
There may be new hope against dementia after recent research that found the latest shingles vaccine appears to delay the onset of the memory-impairing condition.
The Olympic village beds are "rock solid," according to some athletes on social media. Oh, and there's no AC. A sleep expert explains how these conditions could impact performance.
Prompted by a near-drowning experience as a child, Olympic swimmer Cullen Jones is now a swim lesson advocate. Here are his top tips to stay safe.
Venezuelans are voting in an election that will either lead to a seismic political shift or keep President Nicolás Maduro in office for six more years.
Simone Biles made a stunning Olympic comeback on Sunday, delivering near-perfect routines in a qualifying round that ended with Team USA in the lead.
Five years after Hong Kong saw what's believed to be the biggest pro-democracy, anti-China protests in its history, Beijing and Hong Kong have enacted laws that make any action or word critical of the government potentially punishable by life in prison.
U.S. Secretary of State Antony Blinken said Sunday there was "every indication" that Hezbollah was behind the Golan Heights attack.
Defense Secretary Lloyd Austin is expected to announce the enhancement of U.S. Forces Japan into a three-star command that will help the U.S. more closely work alongside Japanese forces.
Co-founded by George Balanchine in 1948, New York City Ballet is considered one of the best dance companies in the world, and at 75 is catering to an increasingly younger audience.
Co-founded by George Balanchine in 1948, New York City Ballet is considered one of the best dance companies in the world, and the foundation of ballet in America. Correspondent Serena Altschul talks with the company's current leaders Jonathan Stafford and Wendy Whelan, and with legendary dancer Suzanne Farrell and principal ballerina Megan Fairchild, about NYCB and its affiliated School of American Ballet, and how, at 75, the company is catering to an increasingly younger audience.
Ralph Macchio and his "Karate Kid" co-star William Zabka have transferred their young martial arts rivalry into adulthood, playing their characters as grown-ups in the series "Cobra Kai," now in its sixth and final season on Netflix.
When "The Karate Kid" came out in the summer of 1984, the little movie about rival martial arts students, competing against big-budget blockbusters, became one of the highest-grossing films of the year. Ralph Macchio and his co-star William Zabka have since transferred their young rivalry into adulthood, by playing the grown-up Daniel LaRusso and Johnny Lawrence in the series "Cobra Kai," now in its sixth and final season on Netflix. For Macchio it's a return to a character that has both enriched his life and challenged it. Correspondent Lee Cowan reports.
"Sunday Morning" remembers some of the notable figures who left us this week, including Abdul "Duke" Fakir, the last surviving founding member of the Motown group The Four Tops.
Apple has reached its first-ever contract with a retail union, coming to a tentative deal with workers at a store in Maryland.
One week after the global computer outage, Windows systems are nearly fully operational, according to CrowdStrike.
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.
Rep. Jennifer Wexton of Virginia delivered what is believed to be the first speech ever from the House floor using artificial intelligence voice technology. Wexton was diagnosed last year with a rare neurological disorder that robbed her of her ability to speak clearly.
Social media giant Meta is issuing a warning over the increasing number of sextortion scams where fake profiles are used to get people to send nude photographs and then threaten to release them unless victims pay up. On Wednesday, Meta said it has removed 6,300 Instagram accounts of scammers in Nigeria who frequently target adult men in the U.S.
In Canada, a fast-moving fire has ravaged the resort town of Jasper, Alberta. In Northern California, fires have burned 164,000 acres of land. CBS News Sacramento reporter Kayla Moeller joins from Chico, California, with more on the wildfires.
Scientists say a common painkiller used on cattle wiped out India's vultures, resulting in half a million human deaths in just 5 years.
Wildfires are spreading across the western U.S. and Canada. In Northern California, the Park Fire has burned over 71,000 acres, and officials have arrested a 42-year-old man on suspicion of arson for starting the fire. CBS News national correspondent Jonathan Vigliotti has the latest.
The discovery includes "thousands of marble slabs" in "hundreds of different shapes" found in a submerged ancient city.
Multiple wildfires on the West Coast and in Canada have forced thousands of people to evacuate. Crews are fighting flames in California, Oregon, Utah and Idaho. CBS News national correspondent Jonathan Vigliotti reports.
"48 Hours" obtained exclusive access to the findings of an independent investigation into the unsolved death of the South Carolina teen, whose case was linked to the Murdaughs.
The brutal murder of a former model in her Georgia home in 2008 remains unsolved. Can you help investigators find her killer?
CBS News has learned that the sheriff's deputy charged with murder in the shooting of Sonya Massey worked for six different law enforcement agencies in four years. He was also discharged from the Army in 2016 for misconduct after receiving a DUI. Roxana Saberi reports.
Two leaders of the notorious Sinaloa cartel, including one of the sons of the imprisoned drug lord "El Chapo," Joaquín Guzmán López, were apprehended Thursday in Texas. Ismael "El Mayo" Zambada, a cofounder of Sinaloa, was lured to Texas by López, according to sources. Manuel Bojorquez has details.
The FBI arrested the leader of Mexico's notorious Sinaloa cartel and a son of Joaquin "El Chapo" Guzman near El Paso on Thursday. CBS News national correspondent Manuel Bojorquez is in Irving, Texas, with more details.
SpaceX put 67 Starlinks into orbit while Boeing carried out successful tests of its Starliner capsule.
Engineers say they're still troubleshooting issues discovered aboard the Boeing Starliner spacecraft that took NASA astronauts Butch Wilmore and Suni Williams into space. They were originally supposed to spend eight days aboard the International Space Station. They've now been up there for almost eight weeks.
NASA and Boeing managers are increasingly confident the Starliner capsule is good to go for re-entry and landing.
The Chandra X-ray observatory was launched on July 23, 1999.
The cosmos is providing a full moon for the 55th anniversary of the first lunar landing this weekend, and plenty of other events honor Neil Armstrong and Buzz Aldrin's giant leap.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
Sen. Lindsey Graham, a key Trump ally, tells "Face the Nation" that although "you should never say anything to hurt anybody's feelings," he supports Republican vice-presidential candidate JD Vance, saying that his recently resurfaced comments about "childless cat ladies" were about how the "Democratic Party has abandoned the traditional family."
Senate Majority Leader Chuck Schumer tells "Face the Nation" that Republican vice-presidential candidate Sen. JD Vance is "incredibly bad choice" for the GOP, adding that it is "one of the best things [Trump] ever did for Democrats."
This week on "Face the Nation," in the aftermath of a deadly rocket attack in Israeli-controlled Golan Heights, moderator Robert Costa speaks to Senate Majority Leader Chuck Schumer, Sens. Lindsey Graham and Chris Van Hollen and House Foreign Affairs Committee chair Rep. Michael McCaul.
Watch Robert Costa's full interview with Senate Majority Leader Chuck Schumer that aired on July 28, 2024.
We leave you this Sunday swimming with the fishes at Komodo National Marine Park in Indonesia. Videographer: Mauricio Handler.