The Federal Reserve on Wednesday left its benchmark interest rate unchanged, marking the central bank’s second consecutive pause in 2026. The Fed maintained the federal funds rate — what banks charge each other for short-term loans — in its current range of 3.5% to 3.75%. The decision to keep rates steady was widely expected by …
Democratic Sen. Ron Wyden of Oregon accused a top Justice Department official of blocking the release of a document related to a secret investigation of drug trafficking and prostitution by Jeffrey Epstein. Wyden said Deputy Attorney General Todd Blanche blocked the release of an unredacted 2015 memorandum prepared by the Justice Department’s Organized Crime Drug …
FBI and IRS agents are forming a new initiative to investigate nonprofit organizations over suspected possible links to domestic terrorism, sources briefed on the matter told CBS News. In December, Attorney General Pam Bondi ordered law enforcement agencies and federal prosecutors to prioritize efforts to investigate and prosecute groups and individuals who belong to the …
Gold’s recent price drop could signal that it’s time to add gold to your portfolio. kuppa_rock/Getty Images Gold’s price rally over the last year has ushered in one of the most dramatic shifts we’ve seen within the precious metals market in recent years. Driven by a mix of inflation pressures, geopolitical tensions and strong institutional …
Russia is benefitting financially from the U.S.-Israeli war with Irananalysts tell CBS News, as Tehran’s retaliatory strikes paralyze crude oil shipments through the Strait of Hormuz and send global energy prices skyward. The U.S. Treasury issued a 30 day waiver last week on sanctions imposed on Russian energy sales over Moscow’s ongoing full-scale invasion of …
Top U.S. intelligence officials testified before the Senate Select Committee on Intelligence about worldwide threats. Senators pressed Director of National Intelligence Tulsi Gabbard about intelligence assessment and what was shared with President Trump before U.S.-Israeli conducted strikes against Iran. CBS News’ Taurean Small has more.
Washington — House Democrats are attempting to force a vote on legislation to fund the Department of Homeland Security, but not federal immigration enforcement, as the partial government shutdown stretches into its second month. Democrats introduced a discharge petition Wednesday to try to circumvent Republican leaders and bring legislation to the floor to fund the …
Markwayne Mullin’s Senate confirmation hearing to replace Secretary of Homeland Security Kristi Noem kicked off Wednesday with a tense exchange with Sen. Rand Paul. Lawmakers also questioned Mullin about his response to Border Patrol agents shooting in killing Alex Pretti in Minneapolis. CBS News’ Nicole Sganga has more.
Labor leader Dolores Huerta appeared to corroborate allegations of abuse against young women or minors by the late Cesar Chavez on Wednesday, writing in a statement that she had two non-consensual “sexual encounters” with him that ended in pregnancy. The allegations of abuse by Chavez, himself a union and civil rights leader, were first reported …
Markwayne Mullin’s confirmation hearing begins on contentious note with Sen. Rand Paul – CBS News Watch CBS News Sen. Markwayne Mullin’s Senate confirmation hearing to replace Homeland Security Secretary Kristi Noem began Wednesday with contentious remarks from Sen. Rand Paul. CBS News’ Nikole Killion has the latest.