CBS Headline

Kevin Warsh was confirmed by the Senate on Wednesday as the next Federal Reserve chair. Warsh will succeed Jerome Powell, whose term ends Friday. CBS News’ Caitlin Huey-Burns has more.
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Israeli Prime Minister Benjamin Netanyahu made a secret visit to the United Arab Emirates recently, where he met with Mohammed bin Zayed, the country’s president.
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Vice President JD Vance took questions from reporters Wednesday after announcing new anti-fraud initiatives.
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The Trump administration is also warning states to crack down on Medicaid fraud or risk losing funding for their anti-fraud units.
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The Senate voted to confirm Kevin Warsh as chairman of the Federal Reserve, marking a victory for President Trump.
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U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
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President Trump says he’s not backing down as Iran war spikes cost of living; California mayor pleads guilty to acting as an illegal agent for China.
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Republican Alabama Gov. Kay Ivey is pushing back primaries for four Congressional districts following Monday’s Supreme Court decision allowing the state to use a 2023 map with only one majority-Black district. Other states are also looking to redraw their maps after the decision. NAACP President and CEO Derrick Johnson joins “The Daily Report” to discuss.
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Trade, Taiwan and tensions with Iran are surefire topics for President Trump’s meeting with Chinese leader Xi Jinping.
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Defense Secretary Pete Hegseth and Chairman of the Joint Chiefs of Staff Gen. Dan Caine faced bipartisan questioning on Capitol Hill about the war in Iran on Tuesday. The Trump administration is seeking $1.5 trillion for defense in the 2027 budget proposal, a starting point for negotiations. Hegseth called it “admittedly a historic budget” in his opening statement.
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