Policymakers at the Federal Reserve are meeting to discuss interest rates Wednesday. They're expected to hold rates steady, but there's a chance they could raise rates to combat stubborn inflation.

New Federal Reserve Chair Kevin Warsh “wants to do the right thing” but is facing a Fed board that might oppose him, the president said.

The Federal Reserve is widely expected to leave interest rates unchanged at the conclusion of Wednesday’s policy meeting, but markets’ confidence in that outcome remains shaky. The Federal Open Market Committee is expected to leave the federal-funds rate at its current target range of 3.

Any rise in borrowing costs in the run-up to the midterm elections would come at a precarious time for Republicans, with Americans so sour on the economy.

Watch live coverage as Dr. Anthony Fauci testifies before the Senate Homeland Security and Governmental Affairs Committee as part of Committee Chairman Rand Paul's investigation into the origins of Covid.

The Senate panel Fauci is scheduled to appear before is chaired by Republican Sen. Rand Paul of Kentucky, who has been one of Fauci’s loudest critics. Paul has been particularly

The former NIAID director, subpoenaed by Sen. Rand Paul (R-Ky.), will testify at 8:30 a.m. ET amid years of accusations that he lied about the pandemic — claims Fauci has called "preposterous."

Dr. Anthony Fauci prepares to testify before the Senate Homeland Security Committee regarding his COVID-19 pandemic response.

CBS News New York's Lonnie Quinn has a look at the First Alert Weather Forecast.

Parts of New Jersey were inundated with rain Monday night, when many roads were flooded a day before what could be a much worse storm event. NBC New York’s Romney Smith reports.

CBS News New York's Lonnie Quinn and Adi Guajardo have team coverage. Watch as earthquake hits Japan, triggers tsunami warning Walgreens customer can’t believe what they see next to store fridge Prince William reportedly livid over Meghan Markle's Althorp photos Thune leads Senate revolt to Trump,

A heavy storm brought showers and thunderstorms to northern New Jersey on Monday, flooding northern cities. The National Weather Service said potential flash flooding would be possible in

Clayton was confirmed as Director of National Intelligence on Tuesday after a tense grilling from lawmakers earlier in July.

Clayton’s confirmation as director of national intelligence brings to a close the short tenure of acting Bill Pulte, whose selection enraged Democrats.

Jay Clayton's confirmation comes after the US president's original choice was rejected by lawmakers due to lack of relevant experience

Clayton takes over as the head of the Office of the Director of National Intelligence, which oversees 18 federal intelligence agencies and units. The size of ODNI has shrunk in recent weeks after President Trump named Bill Pulte as acting director and instructed him to cut staff.

Lindsey Graham is being eulogized in Washington. Graham’s flag-draped casket arrived Tuesday at the U.S. Capitol, where the Republican served for more than 30 years as an indefatigable dealmaker. Sen.

The Republican served for more than 30 years as an indefatigable dealmaker who talked and laughed and badgered his colleagues into action.

President Trump eulogized late Senator Lindsey Graham in a memorial service at the Washington National Cathedral on Tuesday.

President Donald Trump was among those expected to eulogize Souther Carolina Sen. Lindsey Graham during funeral services Tuesday in Washington, D.C.

U.S. Sen. John Fetterman promised during his 2022 campaign to work to eliminate the filibuster. Now, he said he sees the filibuster as necessary.

The President urges the GOP to nuke the Senate's 60-vote rule now, even as Fetterman flips and says Democrats were wrong about the filibuster. Plus Maine nominates Troy Jackson and Michigan's Abdul El-Sayed tries to distance himself from socialism.

Democratic Sen. John Fetterman supports the filibuster while President Donald Trump is pressuring Senate Republicans to scrap the filibuster.

Sen. John Fetterman (D-Pa.) says he was “deeply wrong” when he fought to eliminate the Senate filibuster during Joe Biden’s presidency, and now supports keeping in place the rule that requires 60 votes,