Chicago Fed President Austan Goolsbee sees inflation from Iran war as risk to 2026 rate cuts

Federal Reserve Bank of Chicago President Austan Goolsbee thinks that the Iran war risks fueling inflation, which would make it harder for the central bank to ease interest rates in 2026. Goolsbee — who emphasized he was speaking for himself and not for the Federal Reserve as a whole — told CBS News that, before … Read more

Here’s a look at birthright citizenship, and how the world sees it, as Supreme Court case looms

The Supreme Court is once again hearing arguments on whether President Donald Trump can deny citizenship to children born to parents who are in the United States illegally or temporarily. The Wednesday case stems from an executive order Trump signed on the first day of his second term ending what’s known as birthright citizenship, which … Read more

Trump says Ukraine war depleted U.S. weapons stockpiles, but as Iran takes that mantle, Kyiv sees opportunities

Kyiv — The White House wants Congress to provide at least $200 billion more in funding for the war in Iran, and President Trump says that’s partly due to aid for Ukraine having depleted U.S. weapons stockpiles as it fends off Russia’s ongoing full-scale invasion.  “This is a very volatile world,” Mr. Trump said Thursday. … Read more

Chicago sees high voter turnout ahead of Illinois primary

Chicago sees high voter turnout ahead of Illinois primary – CBS News Watch CBS News The Chicago Board of Elections says early voting numbers for Tuesday’s primary election are already higher than in previous midterm years. CBS News political director Fin Gómez joins to discuss the state of Illinois’ Senate race. Source link

Live Updates: U.S.-Israeli war with Iran sees strikes intensify in Tehran on Day 5 as the conflict spreads

  3m ago Iran’s Houthi allies in Yemen on the fence about wading into the war The Iranian-backed Houthi rebel movement, which controls a large portion of Yemen, was still mulling a decision on whether to engage directly in the war between its benefactors in Tehran and the U.S. and Israel. On Sunday, the leader … Read more

Wintry weather returns to the Midwest and Northeast — while the West sees record warm temperatures

While some areas of the country have left winter behind and crossed into record-high temperatures, fast-moving weather systems are bringing more cold weather from the Midwest to the Northeast. Snow is set to break out this weekend in the Midwest, then move across the country to Washington, D.C., and New York City by Monday. Snowfall, … Read more