Yellen warns "sweeping, untargeted tariffs" would reignite inflation
Treasury chief Janet Yellen is warning that tariffs planned by former President Donald Trump will reignite inflation.
Janet Yellen
U.S. looks to Europe to counter China exports
The Biden administration argues China subsidizes its products so aggressively and produces them at such scale it undermines other countries' economic output, which should be a global concern. Last week, Treasury Secretary Janet Yellen asked her European counterparts for help. Mark Wu, professor of law at Harvard University, joins CBS News to discuss whether a multi-national approach could produce real results.
U.S. working to counter cheap Chinese exports
U.S. officials, from the president to the Treasury secretary, are accusing China of pushing cheap goods. Mark Wu, professor of law at Harvard University, joins CBS News to examine how low-priced Chinese products could impact American businesses, workers and the global economy.
State of U.S.-China relations amid Yellen trip
Treasury Secretary Janet Yellen held economic talks with Chinese officials in Beijing over the weekend, calling them "productive, direct and extensive." Scott Kennedy, senior adviser at the Center for Strategic and International Studies, joins CBS News to assess what Yellen's trip to Beijing will mean for the relationship between the world's largest economies.
Yellen wrapping up trip to China on economy
Treasury Secretary Janet Yellen is wrapping up her trip to China where she discussed economic policies that affect Americans and the Chinese. CBS News' Jo Ling Kent has the latest on the talks.
Yellen cautions China about flood of imports threatening U.S. jobs
Treasury Secretary Janet Yellen says the Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs.
Yellen presses China on industry overcapacity
U.S. Treasury Secretary Janet Yellen says the Biden administration will push China to address an industrial policy that is posing a threat to U.S. jobs. The secretary is in China, wrapping up a fourth day of talks with officials over the policy and what the U.S. and Europe describe as manufacturing overcapacity. CBS News foreign correspondent Ramy Inocencio has more.
Secretary Yellen meets with Chinese Premier Li in Beijing
Treasury Secretary Janet Yellen and Chinese Premier Li Qiang sounded a hopeful note on bilateral relations at the start of their Sunday meeting in Beijing.
Inflation concerns loom in election year
As voter anxiety over the economy intensifies this presidential election year, inflation remains high at 3.1% year-over-year, despite a significant reduction. Treasury Secretary Janet Yellen talks to CBS News about the Biden’s administration's strategy in an exclusive interview.
Janet Yellen discusses inflation, U.S. economy
Treasury Secretary Janet Yellen sat down with Jo Ling Kent in the battleground state of Michigan for an exclusive interview about the concerns many Americans continue to have about high prices. This comes after inflation rose again in January at a higher rate than expected.
As inflation cools, workers "are getting ahead," Treasury's Yellen says
"Americans should feel confident that inflation will come down to levels that will no longer really be noticeable or worrisome to them," Yellen told CBS News.
Biden signs executive order targeting Russian defense industry
President Biden signed an executive order giving the Treasury Department the authority to target financial institutions that facilitate Russia's defense industry.
What to look for at Biden-Xi talks next week
There are new signs of diplomacy with China. Treasury Secretary Janet Yellen met with her Chinese counterpart -- one week before President Biden meets with Chinese President Xi Jinping. William Reinsch, senior adviser at the Center for Strategic and International Studies, joins CBS News to discuss what could come out of the talks.
UAW threatens to expand strike to more auto plants by end of week
"We're not messing around," Union chief Shawn Fain said in setting Friday deadline unless talks progress with Big Three automakers.
White House blames GOP for credit downgrade
Fitch Ratings downgraded the U.S. government's top credit rating on Tuesday. The White House in a statement said they disagreed with the decision and blamed Republicans, who they say were "cheerleading default." CBS News senior White House correspondent Weijia Jiang reports.
Yellen calls China trip "successful"
Treasury Secretary Janet Yellen is back in the U.S. after what she called a "successful" trip to Beijing. CBS News senior foreign correspondent Liz Palmer is in Tokyo with more on the visit.
Yellen says China trip "has been successful" in forging relationships
Yellen believes her visit to Beijing created "opportunity for a deeper set of more frequent contacts," she said on "Face the Nation" Sunday.
Yellen on U.S.-China relationship
Treasury Secretary Janet Yellen, while on a trip to Beijing, tells "Face the Nation" that "it's important to establish person-to-person relationships, and to open ongoing channels of communication, where concerns can be aired and discussed." On that front, she said her trip has been "successful."
Open: This is "Face the Nation with Margaret Brennan"
This week on "Face the Nation," Treasury Secretary Janet Yellen says in an interview from Beijing that her trip to China has been "successful," plus Utah Gov. Spencer Cox discusses his stance on gender-affirming care for young people.
7/9: Face The Nation
This week on "Face the Nation," Treasury Secretary Janet Yellen says in an interview from Beijing that her trip to China has been "successful," plus Utah Gov. Spencer Cox discusses his stance on gender-affirming care for young people.
Full interview: Treasury Secretary Janet Yellen
Watch the full version of Margaret Brennan's interview with Treasury Secretary Janet Yellen that aired on July 9, 2023.
Transcript: Treasury Secretary Janet Yellen on "Face the Nation," July 9, 2023
The following is a transcript of an interview with Treasury Secretary Janet Yellen that aired on "Face the Nation" on July 9, 2023.
Yellen tells China U.S. "troubled by punitive actions" against business
Janet Yellen, in Beijing to meet Chinese officials and American businesses, stressed the U.S. desire to trade, but not at the expense of security.
Janet Yellen talks trade in China
CBS News foreign correspondent Ramy Inocencio has the latest world financial news, including expectations for Treasury Secretary Janet Yellen's meetings with Chinese officials and a spike in Americans visiting Europe.
Yellen's economic warning to China
U.S. Treasury Secretary Janet Yellen is calling on China to end what she calls "unfair economic practices" during a trip to Beijing, where she's having high-stakes meetings with senior Chinese officials. CBS News senior foreign correspondent Elizabeth Palmer is in the Chinese capital with more.
Judge postpones Trump's New York "hush money" sentencing
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
Can Matt Gaetz return to Congress? He says he won't.
Trump loyalist Rep. Matt Gaetz is out of a job for now, but his political future may not be over.
What to know about the newly identified chemical in U.S. drinking water
Researchers have identified a chemical in certain tap water across the United States as chloronitramide anion. Here's what to know.
Conor McGregor must pay $250K to woman who says he raped her, jury says
The Dublin jury awarded the woman nearly $257,000 for her lawsuit that claimed Conor McGregor "brutally raped and battered" her on Dec. 9, 2018
Blue Origin launches 6 tourists to the edge of space
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
Supreme Court tosses Facebook appeal in shareholder lawsuit
The Supreme Court issued its first opinion of the term, a one-line decision dismissing Facebook's appeal.
Women leaders face 30 types of bias in the workforce, research finds
Women report encountering a wide range of biases unrelated to performance or experience that can stunt their careers, new research finds.
AI grandma fights back against scammers
Daisy's mission is two-fold: To waste scammers' time so they can't speak to real people and to draw attention to fraud by warning consumers to be vigilant.
Texas approves allowing Bible-based teachings in public grade schools
The State Board of Education heard testimony from over 150 teachers and parents on the matter.
U.S.
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Supreme Court takes up FCC fund dispute over subsidies for rural telecom services
The Universal Service Fund was created by Congress in 1996.
E. coli outbreak in St. Louis sickens 106, hospitalizes 2
More than half of the cases involve students, parents and guests of Rockwood Summit High School who attended events where food from Andre's Banquets and Catering was served.
Former cyber czar urges vigilance: "It's not the attackers… it's us"
A new study says 86% of businesses and organizations hit by cyberattacks were targeted on a weekend or holiday.
Soccer star Marta is on the brink of an NWSL title: "Magic moment for me"
After a near-perfect season – they only lost two games and won the NWSL Shield title – the Orlando Pride finished at the top of the table and will play for the championship on Saturday.
U.S. accuses former Colombia general of extrajudicial killings
Former general Mario Montoya and his family are barred from traveling to the U.S., Secretary of State Antony Blinken said.
MoneyWatch
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Supreme Court takes up FCC fund dispute over subsidies for rural telecom services
The Universal Service Fund was created by Congress in 1996.
Whole Foods organic carrots and celery recalled amid E. coli outbreak
Whole Foods Market stores in five states sold recalled carrots and celery sticks that could contain E. coli.
Women leaders face 30 types of bias in the workforce, research finds
Women report encountering a wide range of biases unrelated to performance or experience that can stunt their careers, new research finds.
Supreme Court tosses Facebook appeal in shareholder lawsuit
The Supreme Court issued its first opinion of the term, a one-line decision dismissing Facebook's appeal.
Bitcoin hovers around $100,000 as post-election rally rolls on
While some are bullish, other experts warn of investment risks as what comes next is impossible to know.
Politics
More Politics
Supreme Court takes up FCC fund dispute over subsidies for rural telecom services
The Universal Service Fund was created by Congress in 1996.
Former cyber czar urges vigilance: "It's not the attackers… it's us"
A new study says 86% of businesses and organizations hit by cyberattacks were targeted on a weekend or holiday.
Can Matt Gaetz return to Congress? He says he won't.
Trump loyalist Rep. Matt Gaetz is out of a job for now, but his political future may not be over.
Judge postpones Trump's New York "hush money" sentencing
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
Supreme Court tosses Facebook appeal in shareholder lawsuit
The Supreme Court issued its first opinion of the term, a one-line decision dismissing Facebook's appeal.
HealthWatch
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E. coli outbreak in St. Louis sickens 106, hospitalizes 2
More than half of the cases involve students, parents and guests of Rockwood Summit High School who attended events where food from Andre's Banquets and Catering was served.
What to know about the newly identified chemical in U.S. drinking water
Researchers have identified a chemical in certain tap water across the United States as chloronitramide anion. Here's what to know.
Whole Foods organic carrots and celery recalled amid E. coli outbreak
Whole Foods Market stores in five states sold recalled carrots and celery sticks that could contain E. coli.
Anti-fraud efforts meet real-world test during ACA enrollment period
The federal government put guardrails in place to limit unauthorized plan sign-ups and switches. But the changes could prove to be a burden to consumers.
Life expectancy gap in the U.S. widens to 20 years: "Truly alarming"
Life expectancy in the United States varies by more than 20 years depending on race and ethnicity and where you live, according to new research.
World
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AI grandma fights back against scammers
Daisy's mission is two-fold: To waste scammers' time so they can't speak to real people and to draw attention to fraud by warning consumers to be vigilant.
Conor McGregor must pay $250K to woman who says he raped her, Irish civil jury says
The Dublin jury awarded the woman nearly $257,000 for her lawsuit that claimed Conor McGregor "brutally raped and battered" her on Dec. 9, 2018
Frenchman jailed for teen daughter's rape, inviting others to join abuse
A 38-year-old man has been jailed in France for raping his teenage daughter for years and inviting other men, many of them much older, to join in the abuse.
4.78 tons of cocaine, $193,000 in cash found in shipping containers
Prosecutors said eight people were detained following searches carried out in Belgium and the Netherlands earlier this month.
4 U.N. peacekeepers wounded as Israel, Hezbollah clash in Lebanon
Four Italian soldiers were lightly wounded amid clashes between Hezbollah and Israeli forces in southern Lebanon.
Entertainment
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"Sunday Morning" 2024 "Food Issue" recipe index
Delicious menu suggestions from top chefs, cookbook authors, food writers, restaurateurs, and the editors of Food & Wine magazine.
Ridley Scott on returning for "Gladiator II": "I kept thinking about it"
Ridley Scott returns to ancient Rome with "Gladiator II" nearly 25 years after the Oscar-winning original.
Ridley Scott on his vision for "Gladiator II"
Nearly 25 years after the original "Gladiator" won five Academy Awards, Ridley Scott returns with "Gladiator II," out Nov. 22. Elizabeth Palmer speaks with the director about bringing his epic vision back to life.
Melissa Etheridge to perform at NWSL Championship
Grammy-winning artist Melissa Etheridge will sing the national anthem at the 2024 NWSL Championship in Kansas City. Known for her hit "Come to My Window," Etheridge shares her excitement about the honor and the big game.
Connie Nielsen on returning to "Gladiator" after 24 years
Connie Nielsen opens up about returning as Lucilla in "Gladiator II," reuniting with director Ridley Scott and exploring her character's emotional journey.
Technology
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AI grandma fights back against scammers
Daisy's mission is two-fold: To waste scammers' time so they can't speak to real people and to draw attention to fraud by warning consumers to be vigilant.
Australia could ban social media for kids
Australian legislators introduced a landmark bill Thursday to ban social media for children under 16. CBS News London's Leigh Kiniry reports on what this could mean for social media companies.
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.
DOJ targets Google's search engine monopoly
The Department of Justice on Wednesday filed a motion calling for Google to sell its Chrome search engine, arguing in court documents that "the playing field is not level." The Justice Department is also recommending dissolving any contracts in which Google is the default search engine on devices such as iPhones. Kelly O'Grady explains.
Bitcoin hovers around $100,000 as post-election rally rolls on
While some are bullish, other experts warn of investment risks as what comes next is impossible to know.
Science
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Emperor penguin found on Australian beach released at sea after 20 days of care
The only emperor penguin known to have swum from Antarctica to Australia was released at sea 20 days after he waddled ashore on a popular tourist beach.
Iceland volcano flares in region's 7th eruption in one year
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
How collecting pine cones helps renew Oregon forests after wildfires
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
Restoring forests decimated by wildfires
Large wildfires fueled by climate change have destroyed tens of millions of acres of forests in the Pacific Northwest in recent years. Jonathan Vigliotti explores a major effort underway to restore those forests.
Giraffes need endangered species protection, U.S. officials say
The U.S. Fish and Wildlife Service has proposed new protections for giraffes, saying their populations are threatened by poaching, habitat loss and climate change.
Crime
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U.S. accuses former Colombia general of extrajudicial killings
Former general Mario Montoya and his family are barred from traveling to the U.S., Secretary of State Antony Blinken said.
4.78 tons of cocaine, $193,000 in cash found in shipping containers
Prosecutors said eight people were detained following searches carried out in Belgium and the Netherlands earlier this month.
84-year-old Texas man accused of killing roommate and her dog
The man was arrested on an unrelated carjacking warrant and admitted to killing his roommate and her pet.
Georgia woman convicted of killing her toddler gets life in prison
Leilani Simon was spared the maximum punishment of life without a chance of parole.
Guns, ammunition flowing from U.S. to Latin America and Caribbean
U.S. guns are fueling conflict in Latin America and the Caribbean.
Space
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Blue Origin launches 6 tourists to the edge of space
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
Blue Origin launches 9th space tourism flight
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
Trump, Musk attend SpaceX launch
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
SpaceX launches Super Heavy-Starship, with Trump there to watch
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Far side of the moon once had erupting volcanoes, lunar soil shows
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Serial killer Rodney Alcala's secret photos
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Evidence in "The Dexter Killer" case
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
Summer music heats up 2024
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Latest CBS News Videos
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Latest CBS News Videos
What we know about Russia's new missile
Tensions are rising in the war between Russia and Ukraine as new weapons used by both sides complicate the state of the conflict. Dr. Steven Wills, a navalist for the Center for Maritime Strategy at the Navy League of the United States, joins CBS News with more analysis.
Trump, Gaetz sentencing news
President-elect Donald Trump's "hush money" case sentencing has been delayed as his team pushes for the case to be dismissed outright. CBS News' Jake Rosen reports. Also, CBS News' Scott MacFarlane has more on the 119th Congress, which will not include former Florida Rep. Matt Gaetz.
More Amazon investment in Anthropic
Amazon has announced a $4 billion investment in Anthropic, one of OpenAI's main competitors. CBS News contributor JD Durkin has more on the brands trying to compete with the popular ChatGPT artificial intelligence engine.
Latest news on Trump's future
President-elect Donald Trump's sentencing in the criminal "hush money" case against him has been delayed. This comes after Trump announced a new pick for attorney general, former Florida Attorney General Pam Bondi. Politico's Megan Messerly breaks down the latest on Trump's second term.
Extreme weather in U.S. slams coasts
Severe weather on both sides of the country is bringing snow to the East as the West recovers from a bomb cyclone. Power outages and several deaths have been reported in Washington. CBS News' Jessica Burch has the latest forecasts, and Rob Marciano and Christina Fan have more on the weather impact in California and New Jersey.