The following is the transcript of an interview with Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis that aired on “Face the Nation with Margaret Brennan” on Aug. 23, 2026. MARGARET BRENNAN: For more on what’s next for the American economy, we’re joined by Neel Kashkari, President and CEO of the…
A fast-growing wildfire spread from the Sierra foothills toward the center of Reno early Sunday, forcing nearly 14,000 homes to be evacuated. The “GO NOW” zone reached the edge of the University of Nevada campus as the Hawk Fire grew to more than 10,500 acres. As of Sunday morning, it was 0% contained. Smoke rises…
President Trump announced Friday that the U.S. will waive higher tariffs on ground beef imports, a bid to lower prices for consumers who are facing historically high beef costs. Mr. Trump said on Truth Social that the U.S. will allow up to 300,000 metric tons of ground beef into the country for the next 90…
The Federal Trade Commission (FTC) is warning companies that use customers’ personal information to set different prices based on what they believe is a shopper’s propensity to pay that they could be breaking the law. In a proposed enforcement policy statement released Wednesday, the FTC said consumers expect prices for products and services to apply…
The U.S. Army is planning to phase out a drone battalion tasked just last year with studying and taking on board lessons on drone warfare, including from the ongoing Ukraine war, an Army official confirmed to CBS News on Thursday. Multiple current and former U.S. officials told CBS News the decision to nix the unit…
A bond sell-off driven by investor fears over inflation and rising government debt has rattled markets and threatened to raise borrowing costs for everyday Americans looking to purchase a home or car. The yield on the 30-year Treasury reached 5.3% earlier this week, its highest level since 2007, while the 10-year Treasury yield, which influences…
It was just after 1 a.m. on May 7, 2023, when authorities responded to a reported road accident on a secluded dead-end street in Greenwood, South Carolina. At the edge of the nearby woods, they would find 46-year-old Davis McClendon‘s body. But what they saw at first was on the road itself: a shirt, a…
When authorities in Greenwood, South Carolina, arrived at the deserted intersection after 1 a.m. on May 7, 2023, they found a mangled BMW sedan in the road with debris scattered around it. On the shoulder near the woods, lay the car’s fatally injured owner, 46-year-old Davis McClendon. But something about the scene seemed strange. McClendon…
American workers’ wages are once again failing to keep up with inflation — a painful financial déjà vu of the pandemic years. The repeat situation may feel even more acute given that many workers are still catching up from the 2021-2022 inflationary bout, when companies gave workers only moderate pay raises that fell short of four-decade-high price…
Washington — A former federal prosecutor who was fired earlier this year for her previous work on a case against activists accused of blocking an entrance to an abortion clinic sued the Justice Department on Monday, arguing her ouster was driven by unlawful political retaliation. Sunita Doddamani, previously an assistant U.S. attorney in the Eastern…
