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President Biden nominated Federal Reserve Chair Jerome Powell to a second term. Plus, Democrats hope to boost their midterms chances with legislative successes. CBS News senior white house and political correspondent Ed O'Keefe, Washington Post deputy Washington editor Natalie Jennings and Politico national political correspondent David Siders join CBSN's "Red & Blue" anchor Elaine Quijano with the latest.
Some economists say fears about the impact president Biden's economic agenda could have on inflation are overblown. CBS News MoneyWatch reporter Aimee Picchi joins CBSN to discuss more.
President Biden's agenda polls higher than he does; New Zealand Prime Minister Ardern's toddler crashes livestream
Surveys show President Biden's infrastructure, social and climate spending plans are more popular than the president himself. Plus, the White House addresses inflation head-on. Washington Examiner political and investigative reporter Sarah Westwood and Wall Street Journal White House reporter Catherine Lucey join CBSN's "Red & Blue" anchor Elaine Quijano with more.
Last month, prices increased at the fastest pace in more than 30 years as companies struggle with supply chain issues and a labor shortage. Americans are now paying more for homes, food, fuel, medical care and many other goods and services. Anna Werner takes a look.
President Biden visited the Port of Baltimore to explain how his infrastructure plan can fix supply chain issues. Weijia Jiang has more.
Last week, the Federal Reserve voted to keep interest rates near zero as inflation rises to the highest point in 30 years. The central bank will also dwindle its buying of billions of dollars a stocks a month, which began during the pandemic. Senior vice president and director of research for the committee of economic development Joe Menarik joins Lana Zak on CBSN to discuss.
The Federal Reserve describes higher inflation as fleeting, but economists expect it to stick around into 2022.
The central bank said it will start reducing its $120 billion in monthly bond purchases in the coming weeks.
New restrictions follows resignation of two Fed bank presidents amid ethics questions over their stock market trades.
San Francisco Federal Reserve Bank president Mary Daly said the U.S. is still seeing in the economy "the pain of COVID, and the pain of the Delta variant impact the labor market."
Debt ceiling debate nears final resolution; Will Bill de Blasio run for New York governor?
Senate Minority Leader Mitch McConnell offered a concession to Democrats, saying Republicans would let them raise the debt ceiling. Nancy Cordes has the latest.
Lawmakers remain deadlocked over raising the debt ceiling, but default could affect millions of Americans and the global economy. Brian Cheung, who reports on Federal Reserve, economics and banking for Yahoo Finance, joins CBSN AM to discuss what could happen if legislation isn't passed.
The heads of two regional Fed banks are resigning after watchdogs raised questions about their stock trading.
Economic recovery remains on course despite surge in COVID-19 cases, according to U.S. central bank.
Monday, stocks saw the biggest drop in months due to a Chinese property developer on the brink of bankruptcy. CBS News business analyst Jill Schlesinger explains the impact on the market, what investors should do now and if this will impact the two-day Federal Reserve meeting.
Wall Street had its worst day since May amid fears that a Chinese real estate company could default, and that the Federal Reserve could begin ending stimulus measures it enacted during the pandemic.
They say he hasn't done enough to address the effects of climate change on the financial system and has weakened regulations.
Federal Reserve chair downplays inflation and COVID-19 risks, saying the U.S. economic recovery remains on track.
The markets are reacting positively to data from the Labor Department. It shows a slightly slower year-over-year inflation rate than economists had feared. Overall, prices are up 5.4% compared to July of last year. CBS News reporter Sarah Ewall-Wice has more on what the July Consumer Price Index means for the state of the U.S. economy.
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, says the spread of the Delta variant is "creating a lot of caution" that could threaten the recovery of the labor market.
The cost of rent in several U.S. cities is rising as the economy recovers from the coronavirus pandemic. A New York Times report explains how those spikes could have a direct impact on the nation's inflation outlook, keeping prices elevated through the end of 2021. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joins CBSN's Lana Zak to explain.
The Biden administration is blaming China for widespread cybercrime, including a Microsoft hack that affected tens of thousands of private and public entities earlier this year. The Chinese embassy is calling these accusations a "malicious smear." CBS News senior White House and political correspondent Ed O'Keefe joins CBSN's Elaine Quijano to discuss these new claims, and the latest developments at the White House.
The federal government will begin dispersing monthly cash payments to low- and moderate-income families on July 15 as part of the child tax credit program included in the latest round of COVID relief. The rollout comes as the Federal Reserve paints a clearer picture of the current state of the economy, saying inflation will likely remain elevated in the coming months. CBS News reporter Sarah Ewall-Wice joins CBSN's Lana Zak with the details.
Special counsel Jack Smith asked a federal judge to toss out the charges against President-elect Donald Trump in the case stemming from the 2020 election.
Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.
Susan Lorincz was sentenced to 25 years in prison for shooting Ajike Owens, her Black neighbor, through her front door last year.
President-elect Donald Trump, who ran on mass deportation and harsher immigration policies, could inherit a border that is relatively quiet.
A tree that survived Hurricane Helene in North Carolina was unveiled as the 2024 White House Christmas tree.
Erik and Lyle Menendez made a remote court appearance Monday in their bid to be released from prison.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
President-elect Donald Trump skipped President Biden's inauguration following Trump's supporters' Capitol assault.
In 2020, West Virginia launched a pilot program to subsidize GLP-1 drugs for public employees, but the program was shuttered in March.
In 2020, West Virginia launched a pilot program to subsidize GLP-1 drugs for public employees, but the program was shuttered in March.
President-elect Donald Trump skipped President Biden's inauguration following Trump's supporters' Capitol assault.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
A tree that survived Hurricane Helene in North Carolina was unveiled as the 2024 White House Christmas tree.
Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
Two CBS News correspondents conducted an experiment to see which was better at planning a trip — AI or a person. Here's what they found.
Workers at Amazon warehouses around the world plan to strike between Black Friday and Cyber Monday this week.
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
President-elect Donald Trump skipped President Biden's inauguration following Trump's supporters' Capitol assault.
A tree that survived Hurricane Helene in North Carolina was unveiled as the 2024 White House Christmas tree.
Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.
Special counsel Jack Smith asked a federal appeals court to dismiss his appeal in the documents case against President-elect Donald Trump.
Special counsel Jack Smith asked a federal judge to toss out the charges against President-elect Donald Trump in the case stemming from the 2020 election.
In 2020, West Virginia launched a pilot program to subsidize GLP-1 drugs for public employees, but the program was shuttered in March.
About 20% of patients — as many as 1 in 5 — may not respond well to medications like Mounjaro and Wegovy, according to several obesity experts.
When it comes to eating healthy, all of us respond to foods differently. The National Institutes of Health's new nutrition study hopes to finally provide Americans a personalized answer to the question: "What should I eat?"
From the four food groups to the Food Pyramid, the U.S. government has long offered guidance to Americans hoping to eat a healthier diet. But there's growing scientific consensus that when it comes to eating healthy, all of us respond to foods differently. And to prove it, the National Institutes of Health has embarked on the most ambitious nutrition study ever, hoping to finally provide Americans a personalized answer to the question: "What should I eat?" Correspondent Lee Cowan reports.
Glioblastoma typically kills within 18 months, but a new type of treatment has kept Nadya El-Afandi's scans clear 17 months after diagnosis.
Scuffles and fistfights broke out weeks after a deadly rail station roof collapse that ignited tensions in the Balkan state.
Police thought a shoe thief was on the loose at a kindergarten, until a security camera caught the furry culprit in action.
Trans performance artist Ling'er says she was forced to undergo electroshock treatments at a hospital in China that left her with a heart condition.
Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.
Authorities in Egypt say a luxury yacht that set off with 45 people from the Red Sea port of Ghalib for a week-long diving trip sank, with 28 rescued and 16 still missing.
"Wicked" led the box office with $114 million, while "Gladiator II" earned $55 million in a record-setting pre-Thanksgiving weekend. The combined success marks the biggest pre-Thanksgiving weekend opening since the COVID-19 pandemic. Rebecca Rubin, a senior film and media reporter with Variety, has more.
While "Gladiator II" earned $55 million at the box office domestically, "Wicked" soared with $114 million. It was the biggest pre-Thanksgiving weekend opening since the COVID-19 pandemic, with the two movies earning the nickname "Glicked."
Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.
One of the most successful computer games of all time is currently being developed by Apple as a forthcoming movie.
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
More than one third of travelers says they've incorporated artificial intelligence into their travel planning, according to a recent survey. CBS News compared how efficient booking a trip with the help of AI is compared to doing the research yourself.
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.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
At a Price Chopper outside Kansas City, shoppers are test driving the new Caper Cart, featuring digital screens, GPS, cameras equipped with artificial intelligence, and packaging scanners that spit out coupons. Correspondent Jonathan Vigliotti looks at the technology used to "reinvent the wheel" of the shopping cart.
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.
This winter, the National Oceanic and Atmospheric Administration predicted above-average temperatures throughout the U.S. because of a "slowly developing" La Niña pattern. CBS News Sacramento meteorologist Tracy Humphrey reports on the changing winter conditions.
The only emperor penguin known to have swum from Antarctica to Australia was released at sea 20 days after he waddled ashore on a popular tourist beach.
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
The NFL and the NBA have issued warnings to players about transnational gangs that may be targeting them for burglaries. CBS News national security contributor Sam Vinograd has more on the criminals behind the schemes.
There are three legal paths for the Menendez brothers to potentially leave prison after serving several decades for the 1989 killings of their parents. CBS News legal contributor Jessica Levinson breaks down the latest in their legal battle.
Susan Lorincz was sentenced to 25 years in prison for shooting Ajike Owens, her Black neighbor, through her front door last year.
A suspect in the fatal shooting of a woman and her 4-month-old son inside a car in Hartford, Connecticut, was arrested in Puerto Rico, officials said.
Erik and Lyle Menendez made a remote court appearance Monday in their bid to be released from prison. They were convicted of first-degree murder in 1997 for the 1989 killings of their parents.
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
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.
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.
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
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.
As Thanksgiving approaches, some Americans may be concerned about a number of recent food recalls. However, the FDA says recalls are actually down this year. Nikki Battiste reports.
U.S. officials say progress is being made toward a ceasefire between Israel and Hezbollah. But as those negotiations go on, the deadly fighting continues. Debora Patta has the latest.
Several family members of the Menendez brothers spoke in court Monday to push for the brothers' release from prison. A resentencing hearing is scheduled for late January. Elise Preston has more on the new updates to the decades-old case.
The election interference case against President-elect Donald Trump was dismissed Monday after special counsel Jack Smith requested the case end as Justice Department policy forbids the "prosecution of a sitting president." Prosecutors could decide to charge Trump again after he leaves office. Nikole Killion reports.
American Airlines is rolling out a new system designed to prevent people from boarding before their group is called. Kris Van Cleave takes a look at how it works.