Jerome Powell posts unprecedented video
Federal Reserve Chair Jerome Powell released a video announcing a Justice Department investigation apparently targeting him. CBS News' Scott MacFarlane has more.
Federal Reserve
Federal Reserve's Powell on DOJ probe
Federal Reserve Chair Jerome Powell says the Justice Department is investigating him over his testimony before the Senate Banking Committee regarding renovations at the Fed's D.C. headquarters. CBS News' Natalie Brand reports.
Powell responds to federal investigation
Federal Reserve Chair Jerome Powell said in a video Sunday that the Justice Department is investigating whether he lied to Congress about the Central Bank's renovation project. He compared the threat of criminal indictment to intimidation and said, "This unprecedented action should be seen in the broader context of the administration's threats and ongoing pressure." Scott MacFarlane reports.
Economic news to watch for in 2026
With just one day left of trading before the new year, CBS News is taking a look at where things stand today and what might be driving the markets in 2026. Dallas Morning News business editor Javier David joins with more.
Trump again floats firing Fed Chair Powell
At a news conference on Monday, President Trump again stated his desire to fire Federal Reserve Chair Jerome Powell, whose term expires in May. While some contenders to replace him have been floated, the president has made clear he wants whoever the next head of the central bank is to continue cutting interest rates. Business reporter Erin Delmore joins with analysis.
Bank of America CEO on Federal Reserve
Bank of America Chairman and CEO Brian Moynihan spoke with "Face The Nation" moderator Margaret Brennan ahead of President Trump's move to replace Jerome Powell with a new chair of the Federal Reserve. CBS News contributor Javier David has more.
Full interview: Brian Moynihan
Watch Margaret Brennan's full interview with Bank of America CEO Brian Moynihan, a portion of which aired on Dec. 28, 2025. Editor's note: This interview was recorded on Dec. 17, 2025.
Moynihan on new Fed chair
Bank of America CEO Brian Moynihan talks prices, affordability, inflation predictions for 2026, the "shock" from the business community when President Trump enacted tariffs and how "the market will punish people if we don't have an independent Fed." Editor's note: This interview was filmed on Dec. 17, 2025.
How jobs data impacts interest rate decision
The U.S. Bureau of Labor Statistics released last month's jobs report on Tuesday, which showed that 64,000 jobs were added in November after losing 105,000 in October. CBS News MoneyWatch correspondent breaks down how unemployment data could impact the Fed's next interest rate decision
Hassett on Trump's voice on Fed decisions
White House National Economic Council Director Kevin Hassett, who is on the shortlist of President Trump's picks to take over as Fed chair, told "Face the Nation with Margaret Brennan" that Mr. Trump's voice "would have no weight" in interest rate decisions if he is chosen.
Federal Reserve's latest interest rate cut
The Federal Reserve announced another interest rate cut, and chairman Jerome Powell broke down key details about the economy that led to the decision. MarketWatch's editor in chief Mark DeCambre joins CBS News with his take.
Fed cuts rates for third straight time
The Federal Reserve on Wednesday cut its benchmark interest rate by 0.25 percentage points. It's the third consecutive rate cut for the Fed as inflation continues to rise. CBS News MoneyWatch correspondent Kelly O'Grady explains what it means for you.
What does Fed rate cut mean for consumers?
The Federal Reserve on Wednesday cut interest rates by a quarter of a percentage point, the third rate cut this year. CBS News business analyst Jill Schlesinger has more.
Early details on U.S. seizure of oil tanker
President Trump said Wednesday that the U.S. military seized an oil tanker off the coast of Venezuela. CBS News chief White House correspondent Nancy Cordes reports.
Americans share their view on state of economy
The Federal Reserve cut interest rates by a quarter percentage point on Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Trump on Venezuela, Fed chair, more
President Trump took questions from reporters at the White House Wednesday amid news the U.S. has seized an oil tanker off the coast of Venezuela. CBS News' Olivia Rinaldi has more details.
Fed lowers interest rates by 0.25 percentage points in third straight cut
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
Trump preparing to install new Fed chair
The Federal Reserve announced Wednesday it's cutting its benchmark interest rate by 0.25 percentage points. The move comes as President Trump prepares to install a replacement for Fed Chair Jerome Powell. CBS News White House reporter Olivia Rinaldi has more.
Fed cuts interest rates by 0.25 percentage points
The Federal Reserve cut its benchmark interest rate by 0.25 percentage points Wednesday, bringing the federal funds rate to its lowest level in more than three years. CBS News' Kelly O'Grady and Olivia Rinaldi have more.
Federal Reserve interest rate cut expected
The Federal Reserve is expected to announce an interest rate cut as the nation navigates an affordability crunch. Kristin Myers, the ETF editor-in-chief for Asset TV, joins with more.
Fed to make next interest rate decision
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to break down the Federal Reserve's interest rate decision on Wednesday and how Americans are feeling about affordability.
Fed expected to cut interest rates
It appears all but certain that the Federal Reserve will cut interest rates on Wednesday. CBS News business analyst Jill Schlesinger explains why.
What to expect when the Fed announces next interest rate move this week
The Federal Reserve will announce if they will cut rates again in December's meeting — their last meeting of 2025. The decision will determine whether borrowers get more relief on interest rates.
Trump calls Hassett "potential Fed chair"
President Trump on Tuesday called Kevin Hassett, director of the National Economic Council, a "potential Fed chair." Hassett joins "The Takeout" with his reaction to the moment and to discuss the state of the economy.
Here's what experts say is behind bitcoin's $800 billion drop
Bitcoin has erased all of its 2025 gains and is on track for its worst monthly performance since 2022. Here's what experts say about the decline.
Live
Fate of Senate funding deal looks uncertain as DHS shutdown grinds on
Senate Democrats are still pushing for reforms to ICE on Day 40 of the DHS shutdown and plan to put forward a counteroffer. Follow live updates.
Live
As Trump declares war won, Iran mocks suggestion serious talks underway
Trump says the Iran war is already won, but more U.S. forces are heading to the Mideast as Tehran asks U.S. officials if they're "negotiating with yourselves?"
We asked every lawmaker in Congress what they're doing to end the DHS shutdown
Lawmakers and President Trump appear to be edging closer to a framework to wrap up the Department of Homeland Security shutdown — but a breakthrough has remained out of reach. CBS News contacted every House and Senate office to ask what they're doing to end the shutdown.
U.S. expected to deploy troops from 82nd Airborne to Middle East for Iran war
A command element and some ground forces are expected to be part of the Middle East deployment, according to a source familiar with the planning.
Judge calls Pentagon's moves against AI firm Anthropic "troubling"
A judge sharply questioned a lawyer for the federal government on Tuesday over the Pentagon's efforts to cut Anthropic's AI out of its classified systems.
Shock, disbelief at Houston airport as 36% of TSA officers call out: "Insane"
"This is the first time I've experienced something like this in my entire life," one traveler said as TSA lines snaked through George Bush Intercontinental Airport.
Mikaela Shiffrin wins record-tying 6th overall World Cup skiing title
The 31-year-old American matched Austrian downhill great Annemarie Moser-Pröll, who won her six titles in the 1970s.
Democrat flips Florida state legislative district that includes Mar-a-Lago
Democrat Emily Gregory won a special election for a Florida state House seat on Tuesday, flipping a district that is home to President Trump's estate, Mar-a-Lago.
2 pilots killed in LaGuardia runway collision identified: "An absolute tragedy"
The pilots killed in a collision between a jetliner and a fire truck on a New York runway have been identified as Capt. Antoine Forest and First Officer Mackenzie Gunther.
U.S.
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Record-high temperatures possible in 17 states as heat wave expands
Seventeen states could break daily temperature records on Wednesday, as the heat wave that has been scorching the West expands into the central U.S.
Record share of Americans carry credit card debt, can't pay off bills
About 111 million Americans are carrying credit card balances, a 17% increase in five years, new research shows.
Live
Fate of Senate funding deal looks uncertain as DHS shutdown grinds on
Senate Democrats are still pushing for reforms to ICE on Day 40 of the DHS shutdown and plan to put forward a counteroffer. Follow live updates.
Shock, disbelief at Houston airport as 36% of TSA officers call out: "Insane"
"This is the first time I've experienced something like this in my entire life," one traveler said as TSA lines snaked through George Bush Intercontinental Airport.
Fireball captured on video as meteor streaks across Pacific Northwest sky
As the number of people with cameras on their dashboards and doorbells has grown, so have reports of such sightings.
MoneyWatch
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Record share of Americans carry credit card debt, can't pay off bills
About 111 million Americans are carrying credit card balances, a 17% increase in five years, new research shows.
FDA says billionaire's claims about cancer drug Anktiva are misleading
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
Judge calls Pentagon's moves against AI firm Anthropic "troubling"
A judge sharply questioned a lawyer for the federal government on Tuesday over the Pentagon's efforts to cut Anthropic's AI out of its classified systems.
FedEx to offer same-day delivery as it battles with Amazon, other retailers
FedEx said it will give customers the option of two-hour or end-of-day delivery, including for large and oversized packages.
OpenAI pulls the plug on its Sora AI video app
OpenAI said Tuesday that it will discontinue the company's Sora app, which let users create AI-generated videos.
Politics
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Live
Fate of Senate funding deal looks uncertain as DHS shutdown grinds on
Senate Democrats are still pushing for reforms to ICE on Day 40 of the DHS shutdown and plan to put forward a counteroffer. Follow live updates.
Court denies appeal to stop Riverside County Sheriff's election probe
A California sheriff running for governor has seized more than half a million ballots cast in a November special election from county election officials, saying he's investigating a ballot count discrepancy.
DOJ found no evidence of a crime in Fed renovation project, prosecutor admits
The Justice Department's investigation of a $2.5 billion renovation project at the Federal Reserve found no evidence of a crime, a federal prosecutor privately conceded under questioning by a judge.
We asked every lawmaker in Congress what they're doing to end the DHS shutdown
Lawmakers and President Trump appear to be edging closer to a framework to wrap up the Department of Homeland Security shutdown — but a breakthrough has remained out of reach. CBS News contacted every House and Senate office to ask what they're doing to end the shutdown.
Democrat flips Florida state legislative district that includes Mar-a-Lago
Democrat Emily Gregory won a special election for a Florida state House seat on Tuesday, flipping a district that is home to President Trump's estate, Mar-a-Lago.
HealthWatch
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FDA says billionaire's claims about cancer drug Anktiva are misleading
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
More parents are refusing routine newborn preventative care, study finds
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
Complex procedure saves officer with chest pain, heart condition
Transit Officer Paul DeGeorge thought his son was lying on him. Then he realized something much scarier was happening.
Judge blocks parts of RFK Jr.'s vaccine agenda, including revised schedule
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Changes in organ donor status can fall through cracks in the system
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
World
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Mikaela Shiffrin wins record-tying 6th overall World Cup skiing title
The 31-year-old American matched Austrian downhill great Annemarie Moser-Pröll, who won her six titles in the 1970s.
Live
As Trump declares war won, Iran mocks suggestion serious talks underway
Trump says the Iran war is already won, but more U.S. forces are heading to the Mideast as Tehran asks U.S. officials if they're "negotiating with yourselves?"
Senate rejects latest push to rein in Trump's powers in Iran as war's off-ramp unclear
Democrats have vowed to keep forcing votes on the issue as they seek public testimony from administration officials.
U.S. expected to deploy troops from 82nd Airborne to Middle East for Iran war
A command element and some ground forces are expected to be part of the Middle East deployment, according to a source familiar with the planning.
600-year-old pinot noir grape seed found in medieval hospital
The seed reveals that people in France have been cultivating the popular variety of grape since at least the 1400s, scientists say.
Entertainment
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Entertainment
Makers of "The AI Doc" on tech's peril, promise
A new documentary examines the artificial intelligence boom and its potential risks to humanity, featuring interviews with top AI company CEOs and other experts. Co-director Charlie Tyrell and producer Ted Tremper join CBS News to discuss the making of the film, "The AI Doc: Or How I Became an Apocaloptimist."
Patrick Ball on medical drama "The Pitt"
"The Pitt" star Patrick Ball tells "CBS Mornings" he had been auditioning since 2013 and didn't think his acting dreams were "ever going to happen" when he was cast in the medical drama. He also opens up about how the series is personal for him.
Lisa Kudrow on making "The Comeback"
In 2005, the "Friends" star played Valerine Cherish, a washed-up sitcom actress, in the HBO comedy "The Comeback." The show was cancelled, but it earned a cult following, and returned in 2014. Now, "The Comeback" is itself making a comeback.
Extended interview: Lisa Kudrow
In this web exclusive, Emmy-winning actress Lisa Kudrow talks with Tracy Smith about "Friends," and her HBO show "The Comeback."
Lisa Kudrow on making "The Comeback"
"Friends" star Lisa Kudrow played a washed-up sitcom actress, Valerie Cherish, in the 2005 HBO comedy "The Comeback." The show was cancelled, but it earned a cult following, and then returned in 2014. Now, "The Comeback" is itself making a comeback for a third season. Kudrow talks with correspondent Tracy Smith about her love for playing Phoebe Buffay; her aptitude for "cringe comedy"; and how she found solace following the death of "Friends" castmate Matthew Perry.
Technology
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Technology
Verdict in landmark trial against Meta
A jury in New Mexico found Meta, which operates Facebook and Instagram, misled users about safety and enabled child sexual exploitation on its platforms. A judge has ordered the tech giant to pay $375 million in civil damages. Meta says it will appeal the verdict.
Jury finds Meta liable in child safety trial
The New Mexico Department of Justice has won a landmark trial against Meta, the parent company of Facebook and Instagram. CBS News senior business and technology correspondent Jo Ling Kent has the details.
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.
New Mexico jury finds Meta violated protection law over exploitation claims
The landmark decision comes after a nearly seven-week trial. Jurors sided with state prosecutors who argued that Meta prioritized profits over safety.
Anthropic's case against Pentagon underway
The artificial intelligence company Anthropic is challenging the Pentagon in court after the Trump administration designated it a national security risk. Tom Dupree, former deputy assistant attorney general under President George W. Bush, joins with analysis.
Science
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600-year-old pinot noir grape seed found in medieval hospital
The seed reveals that people in France have been cultivating the popular variety of grape since at least the 1400s, scientists say.
Pit viper among new species discovered in cave in Cambodia
Researchers in Cambodia surveyed dozens of previously unexplored caves and found several species never seen before, including a pit viper that is still being studied.
How a fun nature app aids science
The iNaturalist cellphone app not only helps users identify plant, animal and insect species; it also provides invaluable data to scientists studying biodiversity, species decline, and habitat loss. It also provides opportunities for fun: David Pogue joins iNaturalist fan Martha Stewart in a "bioblitz" – a timed competition with other users to spot and ID species.
Discovery of 1949 whale recording could unlock mysteries of ocean
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
Crime
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Crime
Wife of Hawaii doctor testifies at his trial
Arielle Konig testified that her husband, anesthesiologist Gerhardt Konig, attempted to stab her with a syringe, and when that failed she said he repeatedly bashed her head with a rock during a birthday hike one year ago. Gerhardt Konig has pleaded not guilty to the attempted murder of his wife. Matt Gutman reports.
Verdict in landmark trial against Meta
A jury in New Mexico found Meta, which operates Facebook and Instagram, misled users about safety and enabled child sexual exploitation on its platforms. A judge has ordered the tech giant to pay $375 million in civil damages. Meta says it will appeal the verdict.
Cold case murder of K-9 officer's wife could hinge on dog's cause of death
Paul Kovacich's defense team contends that long-suppressed evidence debunks claims that he killed his dog weeks before his wife disappeared.
Wife of Hawaii doctor takes stand 1 year after he allegedly tried to kill her
Arielle Konig took the stand to testify against her husband, anesthesiologist Gerhardt Konig, exactly one year after he allegedly tried to kill her by pushing her off a cliff during a hike in Hawaii.
Jury finds Meta liable in child safety trial
The New Mexico Department of Justice has won a landmark trial against Meta, the parent company of Facebook and Instagram. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Space
More Space
Fireball captured on video as meteor streaks across Pacific Northwest sky
As the number of people with cameras on their dashboards and doorbells has grown, so have reports of such sightings.
NASA to spend $20 billion on ambitious moon base
In an on-going overhaul of NASA's Artemis program, agency officials say it will take seven years to build a sophisticated base on the moon.
Artemis II back on launch pad for moon mission
NASA's Artemis II rocket is back on the launch pad after repairs inside the massive Vehicle Assembly Building at the Kennedy Space Center. Early next month, NASA will try, for a second time, to send a crew of four on a flyby of the moon. Mark Strassmann has more.
Possible meteorite crashes into Houston area home, officials say
A possible meteorite crashed into a Houston area house on Saturday night, tearing through the roof and two stories of the home, officials said.
Eileen Collins on breaking barriers in space
Retired NASA astronaut and Air Force Col. Eileen Collins joins "CBS Saturday Morning" to discuss her groundbreaking journey to become the first woman to pilot the Space Shuttle and the first to command a Space Shuttle mission.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
TSA lines may get worse if shutdown lingers
TSA lines at American airports continue to frustrate travelers as Capitol Hill attempts to find an end to the partial government shutdown. CBS News' Jarred Hill reports, and Bloomberg's Jeff Mason has more insight.
Eye Opener: Lawmakers negotiate DHS funding
Frustration among fliers mounts at airports across the U.S. as lawmakers work to reach a deal to end the partial government shutdown. Plus, investigators say missing equipment may have been a factor in the deadly collision at LaGuardia Airport. All that and all that matters in today's Eye Opener.
What lawmakers are saying about the shutdown
As the partial government shutdown drags on, CBS News reached out to every single member of Congress to find out what they're doing to restore DHS funding and what their message is to Americans. Nikole Killion reports on what lawmakers said.
Latest on Iran war, regime mocks Trump
President Trump insists negotiations with Iran are underway but parts of the regime appear to be contradicting his claims. CBS News' Aaron Navarro and Holly Williams report.
Wife of Hawaii doctor testifies at his trial
Arielle Konig testified that her husband, anesthesiologist Gerhardt Konig, attempted to stab her with a syringe, and when that failed she said he repeatedly bashed her head with a rock during a birthday hike one year ago. Gerhardt Konig has pleaded not guilty to the attempted murder of his wife. Matt Gutman reports.