
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.
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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.
The incident occurred just after the Delta Air Lines flight had taken off from Reagan National Airport.
The average wait time for Social Security calls has doubled in the last six months to 104 minutes.
Prosecutors said Carlos Watson deceived investors and lenders by inflating revenue numbers and suggesting deals were final when they were not. He had been sentenced to 10 years in prison.
The companies are being combined in an all-stock deal that values xAI at $80 billion and X at $33 billion, factoring in the social network's $12 billion debt.
At least three people have died due to severe storms in South Texas this week as rescues were still ongoing Friday.
Much of the federal government's efforts to buoy lagging childhood vaccination rates have been run through the Office of Infectious Disease and HIV/AIDS Policy.
A federal judge has blocked the mass firings of employees at the Consumer Financial Protection Bureau.
Airlines are seeing lower demand from Canadians looking to travel to the U.S. amid a brewing U.S.-Canada trade war.
The agency notified Congress of its plan to discontinue any USAID functions that do not align with Trump administration priorities.
The incident occurred just after the Delta Air Lines flight had taken off from Reagan National Airport.
The average wait time for Social Security calls has doubled in the last six months to 104 minutes.
Prosecutors said Carlos Watson deceived investors and lenders by inflating revenue numbers and suggesting deals were final when they were not. He had been sentenced to 10 years in prison.
The companies are being combined in an all-stock deal that values xAI at $80 billion and X at $33 billion, factoring in the social network's $12 billion debt.
At least three people have died due to severe storms in South Texas this week as rescues were still ongoing Friday.
The average wait time for Social Security calls has doubled in the last six months to 104 minutes.
The companies are being combined in an all-stock deal that values xAI at $80 billion and X at $33 billion, factoring in the social network's $12 billion debt.
UAW president Shawn Fain said Trump's order to end collective bargaining for swath of federal workers would cost 700,000 people their union contracts.
A federal judge has blocked the mass firings of employees at the Consumer Financial Protection Bureau.
Airlines are seeing lower demand from Canadians looking to travel to the U.S. amid a brewing U.S.-Canada trade war.
A Department of Health and Human Services official delivered an ultimatum to Dr. Peter Marks: either resign or be fired.
The average wait time for Social Security calls has doubled in the last six months to 104 minutes.
Prosecutors said Carlos Watson deceived investors and lenders by inflating revenue numbers and suggesting deals were final when they were not. He had been sentenced to 10 years in prison.
In a Fox News interview, Musk claimed DOGE found billions in waste — including a nearly billion-dollar National Park Service survey. No evidence supports that.
UAW president Shawn Fain said Trump's order to end collective bargaining for swath of federal workers would cost 700,000 people their union contracts.
A Department of Health and Human Services official delivered an ultimatum to Dr. Peter Marks: either resign or be fired.
Much of the federal government's efforts to buoy lagging childhood vaccination rates have been run through the Office of Infectious Disease and HIV/AIDS Policy.
Utah Gov. Spencer J. Cox signed a bill banning fluoride from public water supplies. The ban will take effect in May.
23 measles cases have been confirmed in Kansas, marking an outbreak for the state, according to local health officials. Ohio has reported 10 cases.
Health and Human Services Secretary Robert F. Kennedy will cut 3,500 jobs from the Food and Drug Administration and 2,400 from Centers for Disease Control and Prevention.
Sources tell CBS News the Signal chat involving senior Trump administration officials included sensitive intelligence Israel provided to the U.S.
U.S. egg prices are just starting to fall, but big demand for Easter and Passover could cause prices to edge up again next month.
A U.S. Army commander says recovering four soldiers from their submerged vehicle in swampland in Lithuania "will be a long and difficult" operation.
France and Lebanon say Israel violated its ceasefire with Hezbollah with a strike in Beirut, as deaths mount in Gaza after Israel abandoned its ceasefire with Hamas.
A former Australian police officer avoided a prison term when sentenced for killing a 95-year-old nursing home resident with a Taser.
Want to stream the Elite 8 March Madness games? Here's the schedule and how to watch the NCAA tournament games live.
The Sex Pistols, the legendary English punk band, last went on a North American tour in 2003.
In her new memoir, the daughter of Kennedys, broadcast journalist and former first lady of California uses poetry to explore a woman in search of herself.
President Trump signed an executive order targeting funding for Smithsonian Institution programs that he says contain "divisive, race-centered ideology."
The iconic Sundance Film Festival will be moving from Park City, Utah to Boulder, Colorado, starting in 2027, the festival and the Colorado Governor's Office announced on Thursday.
As cryptocurrency and artificial intelligence advancements are made, U.S. demand for the energy needed to power massive mining and data centers grows. David Turk, former deputy secretary of the U.S. Department of Energy, joins "The Daily Report" to discuss how much energy the U.S. needs and the potential environmental impacts.
White House chief of staff Susie Wiles was among the contacts listed in Waltz's Venmo account.
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.
Several newspapers have sued OpenAI and Microsoft, seeking to end the practice of using their stories to train artificial intelligence chatbots.
The Senate Intelligence Committee heard testimony on Tuesday from key players involved in a group chat on the messaging app Signal, in which the U.S.'s highly sensitive plans to bomb Houthi targets in Yemen were discussed inadvertently with a journalist. President Trump said that his administration would investigate the government's use of Signal. CBS News contributor and former CIA official Andrew Boyd has more on what it is and how it's used.
Carbon capture chemically removes CO2 from the air, to store or recycle into products. But is this technology – underwritten by the fossil fuel industry – an effective means to address climate change?
As a tool to address rising greenhouse gas emissions, carbon capture chemically removes carbon dioxide from the air, to store or recycle into products. The company behind a new plant to be opened this summer claims the facility will remove 500,000 tons of CO2 a year. But is this form of carbon capture – underwritten by the fossil fuel industry – an effective means to address climate change? Correspondent David Pogue looks at the technology behind this initiative, and the controversy it has raised.
Remains of five mammoths were found archaeologists from the Austrian Academy of Sciences said Thursday in a news statement.
Our planet's closest and brightest neighbor will pass approximately between the Earth and sun this week, in what's called an inferior conjunction.
The new findings come from the Dark Energy Spectroscopic Instrument (DESI), which sits on a telescope at the Kitt Peak National Observatory in Arizona.
Utah is establishing legal protections for children who are social media influencers. This comes as cases of abuse emerge among parents with kids in the industry. Tiffany Li, a technology attorney, joins CBS News with more details.
A judge held a hearing in the case against a Connecticut woman accused of keeping her stepson captive for 20 years. This comes as the man's biological mother speaks out about the alleged abuse.
Mikal Mahdi, who pleaded guilty to murder for killing a police officer in 2004, is scheduled to be executed April 11.
Lawyers for convicted murderer Michael Tanzi say that his weight and health conditions could cause a lethal injection cocktail to fail.
"48 Hours" correspondent Jonathan Vigliotti speaks to one of seven Jane Does who testified at the trial of David Pearce, the Los Angeles man charged with murder in the overdose deaths of friends Christy Giles and Hilda Marcela Cabrales in 2021.
Dr. Mae Jemison, the first woman of color in space, shares wisdom and encouragement with "CBS Mornings" co-host Gayle King ahead of King's upcoming Blue Origin launch.
Astronomy fans figuring out where and what time to see the March 29, 2025, partial solar eclipse can check out a map from NASA.
William Shatner, who became the oldest person to travel to space at age 90, is offering encouragement and practical advice to Gayle King and the all-female crew launching April 14.
Democratic members of the House Science, Space and Technology Committee are warning that Department of Government Efficiency cuts to the Office of Space Commerce at the National Oceanic and Atmospheric Administration could harm American interests. CBS News' Natalie Brand reports.
Gayle King will step out of her comfort zone and into a space suit alongside Katy Perry, Lauren Sánchez, Aisha Bowe, Amanda Nguyen and Kerianne Flynn.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look into a grieving husband Jan Cilliers' investigative work after his wife Christy Giles and her friend Hilda Marcela Cabrales died after a night out.
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 seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Wall Street's decline fueled by inflation worries and the impact of tariffs likely won't be short-lived as wider reciprocal import taxes are set to go into effect next week. Consumer confidence along with spending aren't faring much better. Jo Ling Kent joins to discuss.
At least three people are dead in South Texas following a severe storm that delivered more than a foot of rain. That's about half the precipitation the region typically sees in an entire year. Karen Hua reports.
The pandemic may be over, but millions are still dealing with COVID-19's effects. The CDC estimates nearly 20 million Americans are struggling with the effects of Long COVID -- the persistence of ongoing health problems long after the infection has passed. Bradley Blackburn has more.
Around 300 people permitted to be in the United States on student visas have had them revoked so far, according to Secretary of State Marco Rubio. Lilia Luciano has details on who the Trump administration is targeting.
President Trump has issued executive orders targeting major law firms. Several of the firms have filed federal lawsuits over the orders on First Amendment grounds. Scott MacFarlane has more.