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…
Tropical Storm Moke is expected to deliver heavy rainfall and gusty winds this weekend as it skirts just south of the Hawaiian Islands in the wake of serious damage delivered by Hurricane Lala. Moke packed maximum sustained winds of 50 mph as of midday Saturday and was expected to strengthen throughout the day, according to…
An 18-year-old with a sword attacked a school Friday in central Sweden, killing one person and seriously injuring at least two others, authorities said. The 18-year-old perpetrator at the school has been arrested, Police Chief Tommy Alriksson said at a news conference. Police confirmed that shots were fired during the arrest. It was not clear…
Washington — Twenty-five cars traveling at top speeds approaching 180 mph will zoom around the National Mall this weekend when the racing series IndyCar takes over downtown D.C. for a race commemorating the nation’s 250th birthday. The Freedom 250 Grand Prix of Washington, D.C., is expected to attract about 140,000 people on each day of…
Iran’s parliament passed a resolution early this week that would increase punishments for Iranians who interact in any way with foreign media outlets, organizations or individuals. If the legislation is approved by higher authorities as expected, any contact with U.S. media entities, foreign embassies or institutions — whether it takes place inside or outside Iran…
Heavy rain and winds pounded the Northeast U.S. on Thursday as storms tore through a beach on Long Island, flooded a major New York freeway and knocked out power in parts of Delaware’s capital city. Photos and video shared on social media show debris thrown in the air and pummeling rain as a possible tornado…
Washington — While President Trump fights in court over his remaking of the John F. Kennedy Memorial Center for the Performing Arts and construction of the White House ballroom, plans for the two Washington institutions are moving ahead. Now, the latest court filings in those cases are providing a window into the scope of work…
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…
Hanoi, Vietnam — Vietnam has charged a man with rape after an American student said she was assaulted while in her bed during a group holiday. Nguyen Thi Quynh Tam, 24, said she was raped on July 5 and pressured by the man’s family to accept money and not go to police. She said the…
