A former University of Virginia lacrosse player serving time for the murder of his ex-girlfriend testified Wednesday in a wrongful death lawsuit that the only mental image he has of her death was of blood coming out of her nose, and that he doesn’t remember breaking into her room and …

The Central Bank may increase the federal funds rate by .5% at the meeting in May as inflation soars, Federal Reserve Chairman Jerome Powell signaled Thursday. The Fed raised its rate by .25% in March, a move that some economists have criticized as not aggressive enough as inflation hit 8.5% …

It may come as little surprise that many Americans are besieged by medical bills, especially as the COVID-19 pandemic grinds on. Perhaps more eye-opening is that this is often for debt they have already paid or do not actually owe. In a new report, the Consumer Financial Protection Bureau found …

WASHINGTON — President Joe Biden announced Friday he plans to nominate Michael Barr, the dean of the University of Michigan’s public policy school, to be the Federal Reserve’s vice chairman of supervision. The selection of Barr comes after Mr. Biden’s first choice for the Fed post, Sarah Bloom Raskin, withdrew her …

As U.S. gasoline prices hover near a 14-year high, the Biden administration is exploring ways to lower fuel costs, from suspending federal gas taxes to further tapping the nation’s Strategic Petroleum Reserve. “This is sort of a five-alarm fire at the White House — they are extremely intensely concerned,” Jeff …

Americans continue to quit at near record highs, with 4.4 million people handing in their resignations last month, according to new government data. At the same time, employers had 11.3 million job openings in February, just shy of a December record of 11.4 million openings.  The data signals that the job …

U.S. Rep. Jeff Fortenberry of Nebraska was convicted Thursday of charges that he lied to federal authorities about an illegal $30,000 contribution to his campaign from a foreign billionaire at a 2016 Los Angeles fundraiser. A federal jury in California found the nine-term Republican guilty of one count of falsifying …

An Army veteran who joined a militia to maintain his gun skills testified Friday that he became an FBI informant after the group talked about killing police, a turning point that led to covert work and eventual charges in an incredible plot to kidnap Michigan Gov. Gretchen Whitmer.  The informant, …

A New York police officer entered a guilty plea Thursday to charges stemming from a series of incidents in 2019 and 2020 in which he entered a woman’s home, while claiming to be investigating her for a crime, and then sexually abused her.  Michael Agovino, 35, was on duty during …

Thousands of Texans who tried to vote by mail during this month’s primary elections had their ballots tossed out, many of which were rejected because of issues that voters had in trying to comply with the state’s new voting law.  A CBS News analysis of election data has found that …