President Donald Trump announced he has fired Federal Reserve Governor Lisa Cook, according to a letter addressed to her posted on his social media. This marks the first instance of a president firing a central bank governor in the central bank’s 111-year history.

Washington

President Trump announced the dismissal of Federal Reserve Governor Lisa Cook, posting a letter online and citing allegations of mortgage fraud. However, no formal investigation or charges have been brought against Cook by the Department of Justice. Legal experts note that the Supreme Court has signaled the president lacks authority to remove Federal Reserve officials without cause, making the grounds for Cook's firing questionable and likely to be litigated. The administration's actions are seen as part of a broader effort to exert greater control over the Federal Reserve, particularly regarding interest rate policy.

Former prosecutor reacts to Trump firing of Fed governor

President Trump put on True Social tonight. He says that he fired the Federal Reserve Governor Lisa Cook. This is according to a letter that he posted online, something that he actually floated just a few days ago. Let's listen. President Trump, you're going to fire Lisa Cook, the Fed governor, over her mom and father? I'll fire her if she doesn't resign. What she did was bad. So I'll fire her if she doesn't resign. The administration is accusing Cook, Shan, of committing mortgage fraud. And yet, the Supreme Court has signaled that Trump doesn't have the authority to fire Federal Reserve officials without cause. Is just kind of accusing her enough? Well, they're certainly going to say it's enough. And she's probably going to litigate that issue. I mean, if you're going to accuse somebody of mortgage fraud as a crime, I mean, DOJ should charge her. Or say, you know, usually, actually, you wouldn't even say we're doing the investigation. But they tend to at least announce the investigation. This is not DOJ opening anything. They haven't charged her. So as of right now, I think it's kind of a questionable for cause. But obviously, that's what he's relying on. And I would expect her to challenge it. And this question of whether he can just, at will, get rid of members of the Federal Reserve would seem to be settled. So that's why they're trying to shoehorn it for a cause. But it's definitely going to get litigated. What is his objective here, Shelby? Well, I think it's clear he wants more control overall. He has not made that a secret, necessarily. He has repeatedly gone after the Federal Reserve for not lowering interest rates. It's very clear what he wants to do. I also think, more broadly, this isn't surprising insofar as this Trump administration, this 2.0 Trump administration, is very clear on its goals and more willing to go further than they might have in the first administration in order to achieve those goals. You're seeing that on a whole host of issues, including here. What are you hearing, Alex? Well, look, it's pretty clear the administration is willing to use the instruments of government to exact revenge on people, to put pressure on institutions. Trump, the White House, they clearly want to have a lot of influence on the Fed, to put loyalists in there. And Trump is very zeroed in on the idea of lowering interest rates. And it's possible that that was going to happen anyways. They've kind of hinted that that might be coming. But Trump really is focused on the idea of lowering interest rates. And that's emerged as a real priority for him. He telegraphed that this move. He telegraphed a few days ago, as you just showed, that he was going to make this move tonight.

Strikes on the Nasser hospital in Gaza that left at least 20 people dead, including rescuers, journalists and health-care workers are being met with global outrage. The Israeli military is investigating what Israel Prime Minister Benjamin Netnayahu called a ‘tragic mishap.’

Middle East Conflict

Israeli PM calls deadly strikes on Gaza hospital a ‘tragic mishap’

Kilmar Abrego Garcia is back in ICE custody and is facing deportation to Uganda, the Department of Homeland Security says, after he was released from criminal custody last week.

Baltimore

Abrego Garcia in ICE custody, court blocks immediate deportation

Ukrainian President Volodymyr Zelenskyy said he will meet with the U.S. and other countries this week to discuss a potential meeting with Russian President Vladimir Putin aimed at reaching a ceasefire.

Kyiv

Ukraine Invasion

Zelenskiy say he will meet with U.S., others on potential Putin talks

U.S. President Donald Trump says Chicago could be the next city to see National Guard deployment, sparking strong opposition from Mayor Brandon Johnson and Governor JB Pritzker, who argue crime is already falling and federal intervention is unnecessary.

Chicago

Trump threatens to send National Guard troops to Chicago

Four journalists working with Reuters, Al Jazeera and others were killed in explosions at a Gaza hospital. Gaza officials blame Israeli drone strikes, though CBS News has not independently verified the claims.

Jerusalem

Four journalists reported dead after Gaza hospital blasts

U.S. National Guard troops patrolling the streets of Washington D.C. as part of what President Donald Trump said was his crackdown on crime began carrying weapons on Sunday night, two officials said.

National Guard patrolling Washington DC begin carrying weapons

In a visit to Kyiv, Prime Minister Mark Carney affirmed Canada’s support for Ukraine and committed to sending soldiers if a ceasefire with Russia is reached.

Carney in Kyiv pledges support, possibly troops for Ukraine

The Pickett Fire is growing in California's Napa County, prompting new evacuations as it threatens homes and wineries. The flames, fueled by scorching temperatures and dry conditions, are being battled by hundreds of first responders.

Napa Valley

Evacuations ordered in California as heatwave fuels wildfire

Democrats are pushing back against President Trump's plan to send the National Guard to more cities, including Chicago, New York and Baltimore, as troops continue to patrol Washington, D.C. State and local leaders say they have crime under control.

Democrats slam Trump's plans to send National Guard to more cities

Beef prices are at record highs with the average price of a pound of ground beef topping $6. Lisa Rozner reports on what's causing prices to soar.

Why U.S beef prices are soaring

A defiant Ukraine marked its independence from the former Soviet Union Sunday amid more fighting with Russia. Chris Livesay reports on how world leaders joined in, voicing their support.

Ukraine marks its Independence Day as war with Russia continues

The boats are produced by unknown Turkish companies and are then sent disassembled in multiple shipments to avoid suspicion in what authorities say is for the sole purpose of trafficking migrants across the English Channel.

Sofia

Inflatable boats used for migrant trafficking seized

Less than 24 hours after he was released from jail, Kilmar Ábrego García was told that U.S. immigration officials plan to deport him to Uganda. The Salvadoran national, who has been living illegally in the U.S. since about 2011, was wrongly deported to his home country earlier this year.

Maryland

Kilmar Abrego Garcia told he may be sent to Uganda

Erik and Lyle Menendez remain behind bars, their hopes for release dashed by two separate parole boards more than three decades after murdering their parents. Elise Preston reports.

Los Angeles

Erik and Lyle Menendez denied parole

Tourism in Las Vegas is slumping this summer, costing the city billions. That could signal trouble ahead for the U.S. economy. Andres Gutierrez has new details.

Las Vegas

Las Vegas tourism slumps this summer, signaling trouble for U.S. economy

Texas Republicans took a victory lap after an early morning vote Saturday that sought to give their party an edge during the 2026 midterms. Democrats in Texas plan to challenge the legality of the new congressional map, saying it dilutes the power of minorities.

Austin

Texas Republicans take victory lap after redistricting vote

Israel has called the United Nations' declaration of famine in parts of Gaza an "outright lie," but multiple U.N. bodies, more than 100 humanitarian groups, and several of Israel's own allies have warned for months that the war is causing starvation among civilians.

Tel Aviv-Yafo

Israel denies U.N.'s declaration of famine in parts of Gaza

U.S. President Donald Trump says he will impose sanctions on Russia if it fails to reach a peace deal in Ukraine within two weeks. But Ukrainian President Volodymyr Zelenskyy says Russia’s ongoing attacks on his country show that President Vladimir Putin is not interested in peace.

Putin’s not interested in peace talks, Zelenskyy says

Lyle Menendez was denied parole late Friday night following a day-long hearing in California, just one day after his brother Erik's parole appeal was also rejected. The brothers have been in prison since 1996 for killing their parents in what they say was an act of self-defense.

Both Menendez brothers denied parole

At least five people are dead and dozens are injured after a tour bus traveling from Niagara Falls flipped over on the New York State Thruway near Pembroke, New York.

Pembroke

Western New York bus crash kills at least five people

Federal agents searched former Trump adviser-turned-critic John Bolton's home on Friday morning. President Donald Trump denied knowing about the investigation, which is related to his handling of classified documents.

Bethesda

FBI raids former Trump adviser John Bolton's home, office

The FBI searched former national security adviser John Bolton's house in Bethesda, Maryland, early Friday morning, the bureau confirmed to CBS News.

FBI raids former Trump adviser John Bolton's home, D.C. office

Kilmar Abrego Garcia, the Maryland construction worker deported to El Salvador and then returned to the U.S. on smuggling charges, has been released from prison in Tennessee, his attorneys say.

Nashville

Kilmar Abrego Garcia released from jail in Tennessee

A bus with more than 50 people on board rolled over in New York and several deaths are being reported, officials confirm. CBS News' Jericka Duncan reports.

Tour bus crash in New York causes 'several fatalities'

Attorneys general in 14 states and Washington, D.C., accuse TikTok of designing its app to keep users hooked. Court-released edited video shows some company staff discussing the toll it can take on children and teens.

TikTok faces lawsuits over mental health risks

A parole board rejected Erik Menendez's request for release, saying he has not shown proper remorse for killing his parents 36 years ago. His brother, Lyle Menendez, faces his own hearing today (August 22).

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