Sen. Warren: Big banks hiked interest on borrowers, but not for savers

As interest rates climbed, major banks charged borrowers more for mortgages and auto loans, yet never increased payouts to savers, despite telling lawmakers they would do so, say two U.S. senators in letters to seven CEOs, shared exclusively with CBS News. In March 2022, the Federal Reserve started raising the federal funds rate, with banks

Trump Says He’ll Ask Saudi Arabia to Increase Investment in US to $1 Trillion

At a virtual appearance at the World Economic Forum meeting in Davos, Switzerland, Trump also called for lower oil prices. President Donald Trump has said he will ask the Kingdom of Saudi Arabia to increase their planned investment in the United States to $1 trillion from $600 billion. On Jan. 23, at a virtual appearance

Senate confirms John Ratcliffe as CIA director

Washington — The Senate confirmed John Ratcliffe as CIA director on Thursday as Republicans work to approve officials to the top posts in President Trump’s administration amid delays by Democrats. The Senate confirmed Ratcliffe in a 74 to 25 vote, making him the second of Mr. Trump’s nominees to be approved by the upper chamber.  Senate