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.

Dr. Anthony Fauci, the U.S. scientist who helped lead the nation's COVID-19 pandemic response, is facing off with a Republican senator probing the origins of the coronavirus

Dr. Anthony Fauci, the U.S. scientist who helped lead the nation’s COVID-19 pandemic response, is set to face off — again — with a Republican senator probing the origins of the coronavirus. Sen. Rand Paul of Kentucky subpoenaed Fauci to appear before a Senate committee Wednesday.

Fauci is set to testify before a Senate committee after pages of his COVID-19 era diaries were released by Senator Rand Paul.

The National Weather Service has issued severe thunderstorm and flash flood warnings for portions of New Jersey on Monday afternoon as powerful storms packing winds up to 60 mph began pushing across the state.

Some New Jersey towns were already flooded just last night due to downpours, and more storms are expected Tuesday and Wednesday. CBS News New York's Nick Caloway reports.

Showers and isolated thunderstorms are possible Wednesday and Thursday across northern New Jersey, though the rest of the state should remain dry. More than 4 inches of rain fell in parts of Hunterdon and Warren counties during Tuesday’s heavy storms.

We've issued a NEXT Weather Alert for today as multiple rounds of heavy rain pass through the Philadelphia area.

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.

U.S. Sen. John Fetterman said in a Washington Post column that he was "horribly wrong" about trying to eliminate the filibuster.

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,