How the Federal Reserve gained its independence
Federal Reserve Chair Jerome Powell this weekend said that the Justice Department’s investigation into him is a major test of the central bank’s independence, which has been the norm since 1951. CBS News’ Lindsey Reiser explains how the Fed became…
Former astronaut says NASA doing “the right, conservative thing” by bringing ISS crew home early
Four members of Crew-11 are preparing to return to Earth from the International Space Station later this week after a “medical concern” prompted NASA to cancel a scheduled spacewalk. Former astronaut Dr. Scott Parazynski joins with his reaction. CBS News…
White House denies Trump directed Justice Department to investigate Powell
The Justice Department is investigating Federal Reserve Chair Jerome Powell, sparking outcry from lawmakers across both sides of the aisle. CBS News chief legal correspondent Jan Crawford has more. CBS News 24/7 is the premier anchored streaming news service from…
U.S. could pursue covert actions in Iran amid deadly protests
More than 500 people have been killed during two weeks of mass anti-government protests across Iran, according to a U.S.-based human rights group. President Trump is now saying he may meet with Iranian officials, after threatening possible military action if…
Former Obama economic adviser calls DOJ probe into Powell “entirely a pretext” over interest rates
Multiple former Federal Reserve chairs and economic officials have signed a letter condemning the investigation into Jerome Powell, calling it an “unprecedented attempt” to undermine the central bank’s independence. Jason Furman, former chair of the Council of Economic Advisers, and…
Democrats look to flip Alaska Senate seat to retake majority
Former Democratic Rep. Mary Peltola is jumping into the race for an Alaska Senate seat. She’s likely to face Republican incumbent Sen. Dan Sullivan as Democrats look to flip four seats to retake the majority. Molly Ball, an independent political…
House Democrats eye Homeland Security budget to rein in ICE
Protests in Minnesota and across the U.S. are continuing following last week’s deadly ICE shooting. Democratic Rep. James Walkinshaw of Virginia joins “The Takeout” to discuss how his colleagues in Congress hope to address the situation. CBS News 24/7 is…
Details on new Minnesota lawsuit against Trump administration over ICE surge
Local officials in Minnesota have filed a lawsuit against the Trump administration to block the surge of ICE officers to the state. CBS News homeland security correspondent Nicole Sganga reports. CBS News 24/7 is the premier anchored streaming news service…
Trump briefed on military options for Iran as protests continue, sources say
Sources tell CBS News that President Trump was briefed late Monday on a wide array of military options for Iran as humanitarian groups warn that the death toll from ongoing protests has climbed into the hundreds. CBS News senior White…
Details on the Justice Department investigation into Jerome Powell
The Trump administration’s Justice Department has opened a criminal inquiry into Federal Reserve Chairman Jerome Powell and whether he lied to Congress about the renovation of the Fed’s headquarters. CBS News justice correspondent Scott MacFarlane reports. CBS News 24/7 is…