Dollar's decline raises worries investors are losing trust in the U.S.
Since mid-January, the dollar has fallen 9% against a basket of currencies, a rare and steep decline.
Economy
3/14: CBS Morning News
An American Airlines plane carrying 178 people caught fire on the tarmac after making an emergency landing at Denver International Airport; Google touts Gemma 3 as "most capable" A.I. model that runs on just one GPU.
Mar 14: CBS News 24/7, 10am ET
Hamas says it will free U.S.-Israeli hostage Edan Alexander; Rescheduled SpaceX launch is tonight.
Mar 14: CBS News 24/7, 1pm ET
Senate set to vote on GOP stopgap funding bill to avert government shutdown; American who snatched a baby wombat from its mother leaves Australia after triggering outrage.
Trump administration cutting nearly 90% of Consumer Financial Protection Bureau
President Trump is downsizing the Consumer Financial Protection Bureau.
Small businesses say uncertainty is worse than tariffs. Here's why.
Triple-digit U.S tariffs on China will "wipe out our business completely," one small business owner says.
Retirement fears grow as confidence slips
CBS News business analyst Jill Schlesinger breaks down new survey findings showing a drop in retirement confidence and shares strategies for better planning.
Fed chair warns tariffs could drive up prices
Federal Reserve Chair Jerome Powell warned President Trump's trade war could drive up inflation while at the same time causing growth to slow and unemployment to rise. CBS News' Nancy Cordes has more.
Mar 13: CBS News 24/7, 1pm ET
Trump threatens 200% tariff on EU alcohol in response to American whiskey tariff; Protesters arrested after storming Trump Tower over arrest of Mahmoud Khalil.
Trump tariffs prompt warning from Fed chair
President Trump lashed out at Federal Reserve Chair Jerome Powell who warned that the administration's tariff plan could lead to persistent inflation and an economic slowdown. California Gov. Gavin Newsom also announced plans for the state to file a lawsuit challenging the tariffs. CBS News chief White House correspondent Nancy Cordes has the latest updates.
How consumers are responding to tariffs
CBS News business analyst Jill Schlesinger breaks down the Federal Reserve's warning on President Trump's tariffs and how consumers are responding.
Trump slams Fed's Powell after tariff warning
President Trump slammed Jerome Powell on Thursday morning, a day after the Federal Reserve chairman said the Trump administration's tariff policy could lead to higher inflation and slower economic growth. CBS News' Natalie Brand has more on Mr. Trump's response.
Powell's comments spark stock market sell-off
It was another volatile day on Wall Street after comments from Federal Reserve Chair Jerome Powell, who spoke at the Economic Club of Chicago. Kelly O'Grady explains.
Economists: Consumers trying to beat tariffs
Federal Reserve Chair Jerome Powell has issued a stark warning on the far-reaching inflation impact of the Trump administration's economic policies. His comments come as new Commerce Department data shows that retail sales rose more than expected last month with some economists attributing that to people trying to get ahead of tariff-driven price increases. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Fed chair warns tariffs could cause inflation
Stocks fell sharply on Wednesday due in part to tariff concerns. CBS News MoneyWatch correspondent Kelly O'Grady breaks down Federal Reserve Chair Jerome Powell's warning about tariffs.
Trump meets with Japanese officials on tariffs
The markets fell sharply on Wednesday after Federal Reserve Chair Jerome Powell expressed concerns about the economic impact of tariffs. Meanwhile, President Trump is meeting with Japanese officials about tariffs. CBS News White House reporter Olivia Rinaldi has the latest.
China appoints new trade negotiator
China appointed a new international trade negotiator Wednesday amid an escalating tariff war with the U.S. Beijing also announced its economic growth exceeded expectations, growing 5.4% in the first quarter of 2025 compared to the same period last year. Stephen McDonell, BBC's China correspondent, has more.
China's Xi tours Southeast Asia
Chinese President Xi Jinping is visiting Vietnam, Malaysia and Cambodia this week in hopes of strengthening economic ties amid escalating trade tensions with the U.S. CBS News foreign correspondent Anna Coren has the latest from Hong Kong.
Lodge Cast Iron CEO on tariff business impact
Many U.S. businesses are anticipating production changes ahead of upcoming tariffs from the Trump administration. Mike Otterman, president and CEO of Lodge Cast Iron, joins CBS News to discuss how his company could be affected.
Who benefits from latest tariff exemptions?
The Trump administration is exempting smartphones, computers and other electronics from the full wrath of its trade war with China. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Mar 10: CBS News 24/7, 1pm ET
President Trump hints at more tariffs ahead as concerns grow over possible recession; U.S. tanker collides with a cargo ship off of U.K. coast.
Open: This is "Face the Nation," April 13, 2025
This week on "Face the Nation with Margaret Brennan," U.S. trade representative Jamieson Greer and Minneapolis Fed president Neel Kashkari discuss the latest with the U.S. economy. Plus, the FDA's former top regulator, Dr. Peter Marks, joins.
Reporter's Notebook: Why economic vibes matter
The economy's vibes are off, according to American consumers. "CBS Evening News" co-anchor John Dickerson explains.
Grocer on unexpected impact of Trump tariffs
Despite the tariff turmoil, stocks were up for the week. But consumer sentiment is down to the lowest level in nearly three years. Nancy Chen checked back with a grocer to see how business is going.
Bond market signals tariffs' economic impact
While U.S. stocks ended Friday on a high note following a week of volatile trading tied to President Trump's tariffs, the bond market likely pushed the president to implement a 90-day pause. Bill Cohan, Wall Street author for Puck, joins "America Decides" to explain.
Appeals court rules many of Trump's tariffs are illegal, but doesn't halt them
A federal appeals court said many of the tariffs imposed by President Trump on dozens of countries earlier this year are not legally permissible, but didn't halt them.
3 Hurricane Katrina survivors look back 20 years later and find hope
Hurricane Katrina survivors can still describe in detail what they faced in the days after the storm devastated the Gulf Coast.
SSA chief data officer resigns after filing whistleblower complaint
Charles Borges filed a whistleblower complaint alleging DOGE employees uploaded a copy of all U.S. Social Security info to a "vulnerable cloud environment."
Israel will soon slow or halt aid into parts of northern Gaza
Israel's military said that it had launched the "initial stages" of the planned offensive to seize Gaza City, declaring the Palestinian territory's biggest population center a "dangerous combat zone."
Illinois Gov. Pritzker says sending troops to Chicago would be an "invasion"
Illinois Gov. JB Pritzker told CBS News that President Trump has "other aims" aside from fighting crime, as he vows to crack down in Chicago.
Ukraine politician reportedly shot dead in street by gunman in disguise
President Volodymyr Zelenskyy condemned Andriy Parubiy's killing as a "horrific murder" and said "all necessary forces and means" would be used in the investigation.
CVS and Walgreens limit access to COVID vaccines as required by some state guidelines
CVS said the pharmacy chain cannot vaccinate those even with a prescription in Massachusetts, Nevada and New Mexico due to state laws and regulations.
Bones found in search for father accused of killing 3 daughters
The FBI said it found bones while searching for signs of Travis Decker. The bones were being analyzed to determine if they are human or animal.
U.S. cruiser seen crossing Panama Canal as warships sent to Venezuela
The U.S. has said the deployment of warships to the southern Caribbean, near Venezuela's territorial waters, was an anti-drug trafficking operation.