White House mulls using Defense Production Act in Spirit Airlines takeover
President Trump is open to some type of federal action, several sources told CBS News, and he has said publicly he'd "do it to save the jobs."
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President Trump is open to some type of federal action, several sources told CBS News, and he has said publicly he'd "do it to save the jobs."
Commerce Secretary Howard Lutnick was grilled by senators on Capitol Hill Tuesday over his appearance in recently released Epstein files. Lutnick's appearance in the files does not implicate him in any wrongdoing. CBS News congressional correspondent Nikole Killion has more.
The White House was on defense on Tuesday regarding Commerce Secretary Howard Lutnick and his connections to convicted sex offender Jeffrey Epstein. CBS News' Weijia Jiang has the latest.
The Census Bureau said it began planning the 2030 census in 2019.
The Personal Consumption Expenditures, the Federal Reserve's preferred inflation gauge, ticked higher in June.
China is refusing to let a U.S. Department of Commerce employee and a Wells Fargo banker leave the country, officials say.
New GDP data shows the U.S. economy shrank at an 0.5% annual pace from January through March, the first quarterly drop in three years.
The Trump administration says it agreed to a framework for a trade deal with China. Plus, new data from the Labor Department shows inflation rose less than expected last month. CBS News' Olivia Rinaldi and Kelly O'Grady have more.
The U.S. economy shrank during the first three months of 2025. The Commerce Department reported Wednesday that U.S. gross domestic product declined at an annual rate of 0.3% from January to March. CBS News' Kelly O'Grady and Ed O'Keefe have more.
Federal Reserve Chair Jerome Powell has issued a stark warning on the far-reaching inflation impact of the Trump administration's economic policies. His comments come as new Commerce Department data shows that retail sales rose more than expected last month with some economists attributing that to people trying to get ahead of tariff-driven price increases. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
The president's tariff announcements have rocked the stock markets and fueled concerns of an economic downturn.
Market volatility continued Tuesday with major indexes closing in the red as President Trump negotiates tariffs with Canada. CBS News chief White House correspondent Nancy Cordes sat down with Commerce Secretary Howard Lutnick to discuss the stock swings, inflation and risks of a recession.
President Trump backed off doubling Canadian steel and aluminum tariffs after Ontario suspended a 25% electricity surcharge on several U.S. states. Nancy Cordes talked to Commerce Secretary Howard Lutnick, who brokered the truce with the Ontario premier.
Six weeks into his second term, President Trump will address a joint session of Congress on Tuesday. From tariffs to DOGE cuts to an immigration crackdown, the president's agenda is already making waves at home and overseas. Sen. Elissa Slotkin is slated to deliver the Democratic response. CBS News' Nancy Cordes and Nikole Killion report on what to expect.
President Trump and Commerce Secretary Howard Lutnick announced Tuesday a new "gold card" that would allow wealthy immigrants to buy a path to citizenship for $5 million and replace the current investment green card system. CBS News immigration and politics reporter Camilo Montoya-Galvez explains.
Moving the U.S. Postal Service into the Commerce Department, should it take place, would happen through an executive action, source say.
The wealthy financier is a staunch supporter of the president's hardline trade polices.
Lutnick is stepping down as head of investment bank Cantor Fitzgerald as he prepares to head the Commerce Department.
President-elect Donald Trump has not yet mentioned potential picks for four Cabinet positions for his second term in the White House. This comes as former Florida Rep. Matt Gaetz visits Capitol Hill ahead of the traditional confirmation process in the Senate. CBS News campaign reporter Olivia Rinaldi has more.
Trump has picked Howard Lutnick, a crypto enthusiast and the head of brokerage and investment bank Cantor Fitzgerald, to be commerce secretary.
Secretary of Commerce Gina Raimondo is focused on U.S. advanced microchip production — and keeping the chips out of China and Russia.
Secretary of Commerce Gina Raimondo is focused on U.S. advanced microchip production — and keeping the chips out of China and Russia.
The Commerce Department says the nation's gross domestic product, or GDP, rose at an annual rate of 2.8% from April through June. That's more than the 1.9% rate economists had expected for the second quarter. Jeff Stein, White House economics reporter for The Washington Post, joins CBS News to explain what the GDP growth says about the economy, and how the Federal Reserve could read the data.
While the final months of a president's time in office are known as the "lame duck period," President Biden made it clear to the country Wednesday night that he has a lot more to accomplish prior to Jan. 20. Secretary of Commerce Gina Raimondo, possible vice presidential contender for Kamala Harris, joins "America Decides" to unpack the administration's plans for the next six months as well as Harris' VP search.
Secretary of Commerce Gina Raimondo is focused on U.S. advanced microchip production — and keeping the chips out of China and Russia.
In his application letter, attorney Mike Howell proposed organizing a national gathering of "thousands of victims of weaponization," including those involved in the Capitol riot.
Asked what he said to Israel's leader about a decision to hold off on new Iran strikes, Trump said Netanyahu will "do whatever I want him to do."
Former Cuban leader Raúl Castro was indicted by a U.S. grand jury in connection with the Cuban military's fatal downing of two planes in 1996.
New fraud charges were unsealed Wednesday against a Minnesota daycare owner who federal prosecutors allege tried to flee the country just two days after shutting the center down.
A former federal prosecutor was charged this week with emailing herself a report on the Justice Department's investigation into President Trump that a judge had kept under lock and key, under the file name "Bundt_Cake_Recipe.pdf."
A Democratic House candidate in Texas is facing widespread condemnation and accusations of antisemitism from her own party.
An Air France flight from Paris to Detroit, Michigan, was forced to divert to Montreal, Canada, on Wednesday due to U.S. flight restrictions linked to the Ebola outbreak.
Former CIA Director John Brennan is the subject of two criminal probes being led by the Miami-area U.S. Attorney's Office.
The Department of Homeland Security is set to implement new entry restrictions beginning Thursday for foreign travelers coming to the U.S. from countries at the center of the latest Ebola outbreak.
An Air France flight from Paris to Detroit, Michigan, was forced to divert to Montreal, Canada, on Wednesday due to U.S. flight restrictions linked to the Ebola outbreak.
New fraud charges were unsealed Wednesday against a Minnesota daycare owner who federal prosecutors allege tried to flee the country just two days after shutting the center down.
The Department of Homeland Security is set to implement new entry restrictions beginning Thursday for foreign travelers coming to the U.S. from countries at the center of the latest Ebola outbreak.
Vanessa Trump, 48, was married to Donald Trump Jr. for 12 years. They share five children together.
Cassidy, who lost his reelection bid last week, called for leaders who are "steady, not erratic" and "thoughtful, not impulsive."
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
U.S. motorists are likely to face even hotter gas prices as the summer driving season kicks off, according to a new analysis.
U.S. government bonds are sagging as investors fret that hotter inflation will keep interest rate cuts on hold.
Gas prices, airfares, accommodations and other vacation essentials are more expensive this year compared to last year.
The Amazon founder said eliminating taxes for lower-income Americans could ease financial pressure and encourage entrepreneurship.
The central committee of the Colorado Democratic Party on Wednesday voted 89.8% in favor of a measure to censure Gov. Jared Polis.
A Democratic House candidate in Texas is facing widespread condemnation and accusations of antisemitism from her own party.
The Department of Homeland Security is set to implement new entry restrictions beginning Thursday for foreign travelers coming to the U.S. from countries at the center of the latest Ebola outbreak.
In his application letter, attorney Mike Howell proposed organizing a national gathering of "thousands of victims of weaponization," including those involved in the Jan. 6, 2021, Capitol riot.
Cassidy, who lost his reelection bid last week, called for leaders who are "steady, not erratic" and "thoughtful, not impulsive."
Vanessa Trump announced on Instagram that she has been diagnosed with breast cancer and is working with her doctors on a treatment plan.
Noah Wyle, who stars in HBO's "The Pitt," joins "CBS Mornings" with Dr. Elisabeth Potter to discuss their push to improve mental health and quality of life for healthcare workers.
A CBS News medical correspondent and doctor says her "biggest concern for the World Cup is actually measles. It's not hantavirus, it is not Ebola."
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
Congress' decision not to extend enhanced marketplace tax credits has boosted the appeal of alternative health coverage with lower monthly premiums.
An Air France flight from Paris to Detroit, Michigan, was forced to divert to Montreal, Canada, on Wednesday due to U.S. flight restrictions linked to the Ebola outbreak.
These kinds of intelligence forecasts attempt not only to show the immediate consequences of an American action, but the chain of reactions that may follow.
The Russian jets intercepted the U.K. aircraft with one jet flying as close as 19 feet to the British plane's nose, officials said.
Former Cuban leader Raúl Castro was indicted by a U.S. grand jury in connection with the Cuban military's fatal downing of two planes in 1996 — an escalation in the U.S. pressure campaign against the Cuban government.
Italy and France have summoned the Israeli ambassadors in their respective capitals after Itamar Ben-Gvir, his national security minister, posted the video.
Comedian and media mogul Byron Allen brings "Comics Unleashed" to CBS's late night slot, replacing "The Late Show With Stephen Colbert."
Ahead of the premiere of "The Late Show" in August 1993, host David Letterman sat down with "CBS This Morning" to discuss his break from his previous late night show, what viewers could expect from his CBS debut and more.
Comedian and media mogul Byron Allen sits down with "CBS Mornings" to discuss his show "Comics Unleashed" and its transition into the CBS late night spot.
Actress Michelle Monaghan joins "CBS Mornings" to talk about her 24-hour wellness cycle and why it's important to get quality sleep and consistent energy. (Sponsored by Natrol)
Actor Beanie Feldstein told "CBS Mornings" she and wife Bonnie-Chance Roberts are expecting a baby girl.
Cementing its status as the world's most valuable company, Nvidia reported record revenue in its latest earnings report. Britney Nguyen, Nvidia and chips reporter at MarketWatch, joins with analysis.
Artificial intelligence is prompting Google to change its iconic search bar for the first time in more than 25 years. Mashable tech editor Tim Werth joins CBS News to discuss.
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.
The Defense Department says it wants to be "AI-first," but some service members are concerned about how quickly the technology is developing. Chris Livesay reports.
Privacy concerns about artificial intelligence are growing after people discovered that chatbots are sharing their real phone numbers. Eileen Guo, investigative tech reporter for MIT Technology Review, joins to discuss.
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
The last time an El Niño pattern occurred was in 2023, when the Eastern Pacific hurricane season produced 20 tropical systems.
New fraud charges were unsealed Wednesday against a Minnesota daycare owner who federal prosecutors allege tried to flee the country just two days after shutting the center down.
A social media influencer and her father are accused of plotting to kill her famous singer ex, amid a bitter years-long custody dispute, court documents show. Jonathan Vigliotti is following the case.
Acting Attorney General Todd Blanche announced murder and conspiracy charges Wednesday against former Cuban leader Raúl Castro and five others over the downing of two planes in 1996.
Larry Bushart, who spent 37 days in jail over his Facebook post about the assassination of conservative activist Charlie Kirk, will get $835,000 to settle a lawsuit against Tennessee officials. CBS News' Shanelle Kaul reports.
Court records reveal more details about the Mango founder's son, Jonathan Andic, who was arrested Tuesday in connection to his father's 2024 death. Leigh Kiniry reports.
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
In a historic move, Harvard University faculty members have voted to limit the number of "A" grades given to undergraduates to curb rising grade inflation. Axios Boston reporter Mike Deehan joins "The Daily Report" with more.
Home Depot, Target, Lowes and TJ Maxx all beat expectations with their first quarter earnings and revenue reported on Wednesday. Target had their strongest gains in years. CBS News senior business and tech correspondent Jo Ling Kent has more.
President Trump said he does not think there will be any additional escalation following the Justice Department's indictment of former Cuban leader Raúl Castro. CBS News national correspondent Lilia Luciano breaks down the situation.
Metropolitan Police officer Daniel Hodges is one of two law enforcement officers who defended the Capitol during the Jan. 6 riots and is suing to block the Trump administration's nearly $1.8 billion so-called "anti-weaponization" fund. He joins "The Daily Report" to discuss why.
Breaking down Tuesday's primaries as another Republican who broke with Trump falters; U.S. indicts Raúl Castro.