The Federal Reserve says a "resilient economy" is one reason why it's raising a key interest rate for the second time this year. The central bank increased the short-term rate a quarter point on Wednesday to a range of 1.75 to 2 percent. The Fed also predicts four rate hikes this year after an earlier forecast of three. CBS New business analyst Jill Schlesinger joins "CBS This Morning" to discuss what this means for you.
Gusty winds and extreme drought are fueling wildfires in the west. Flames are burning across seven states including Arizona, Colorado, Nevada, Utah and Wyoming. In Colorado, more than 3,000 homes have been evacuated.
Out of nine heart transplants performed at the hospital in 2018, three have ended in death
Ryan Burke, a former Penn State fraternity brother, is the first to plead guilty to charges related to the hazing death of 19-year-old Timothy Piazza. He admitted to nine charges on Wednesday, including hazing and unlawful acts involving liquor. Twenty-five other former fraternity members still face charges. Jericka Duncan reports.
President Trump's lawyer, Rudy Giuliani, denies that Mr. Trump's former fixer, Michael Cohen, may cooperate with special counsel Robert Mueller. Cohen is getting ready to hire new lawyers in the federal investigation of his business deals. That's prompting speculation that Cohen may be ready to provide evidence about the president. Paula Reid reports.
President Trump is defending Kim Jong Un's human rights record and praising the North Korean dictator's negotiating skills. The grueling tasks of hammering out details of the denuclearization negotiations with North Korea and the lack of specifics have drawn fierce criticism, while the White House says the two sides have already settled on some terms that are not yet in writing. Weijia Jiang reports.
President and his chief diplomat offer seemingly contradictory messages about when Kim Jong Un could reap financial rewards
State Rep. Katie Arrington, repeatedly highlighted Sanford's criticism of the president as she won the South Carolina primary Tuesday
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President and his chief diplomat offer seemingly contradictory messages about when Kim Jong Un could reap financial rewards
The long-awaited report, said to be over 500 pages, is expected to be released Thursday afternoon
The long-awaited report, said to be over 500 pages, is expected to be released today
Marcellus Williams, who has long maintained his innocence, is facing a death sentence for the 1998 murder of Felicia Gayle