Patrick Clancy in his own words, only on 60 Minutes

September 16, 2026 / 1:18 PM EDT / CBS News

This Sunday on 60 Minutes, Patrick Clancy talks about his grief, his memories of his children, and the baseless conspiracy theories that flooded social media since his ex-wife’s murder trial.

He spoke exclusively to correspondent Ross Douthat, weeks after Lindsay Clancy’s case ended in a mistrial after the jury couldn’t convince a lone holdout that she wasn’t criminally responsible for the murder of their three children by reason of insanity. Her defense team has argued that Clancy was suffering from postpartum psychosis when she killed 5-year-old Cora, 3-year-old Dawson, and 8-month-old Callan in 2023. Prosecutors in the case have yet to announce if they will seek a retrial.

Watch the interview on 60 Minutes on Sunday, Sept. 20 at 7 p.m. ET/PT on CBS and Paramount+. And sign up for the 60 Minutes newsletter to make sure you never miss a minute.

https://www.cbsnews.com/video/sunday-patrick-clancy-in-his-own-words-60-minutes/

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Federal Reserve raises interest rates for the first time since 2023

September 16, 2026 / 3:03 PM EDT / CBS News

By

The Federal Reserve raised interest rates for the first time since 2023 on Wednesday, reversing course as the Iran war drives up global energy prices and fuels inflation.

The Fed raised the federal funds rate by 0.25 percentage points, bringing its target range to between 3.75% and 4% — its highest level since December 2025. The benchmark rate influences borrowing costs across the U.S. economy, including for credit cards, auto loans and personal loans.

In a set of quarterly projections, the Fed also signaled that its rate-setting committee expects to again raise rates later this year. The vote to raise the benchmark rate was unanimous, the Fed said in a statement on Wednesday.

No rate hikes in 2027

For now, however, the Fed’s move doesn’t appear to point to a more aggressive push to raise borrowing costs. Federal Reserve Chairman Kevin Warsh said at a press conference on Wednesday that the Federal Open Market Committee (FOMC) expects to hold rates steady throughout 2027.

About half of FOMC members predicted that rates would hold steady next year.

“We don’t think this is the beginning of another major tightening cycle, and markets have too much tightening priced in over the coming year,” Michael Pearce, chief U.S. economist at Oxford Economics, said in a research note.

By contrast, the central bank raised rates 11 times starting in 2022 as it sought to quash surging inflation as the economy was rebounding from the pandemic.

Still, the latest hike marks an about-face from the Fed’s stance at the start of the year, when inflation was cooling, and as many economists expected the central bank to lower interest rates throughout 2026. Instead, monetary policymakers are brandishing their most potent weapon to curb prices. The Consumer Price Index rose at an annual rate of 3.4% in August, far above the Fed’s 2% annual target.

President Trump has repeatedly called on the Fed to lower borrowing costs. But escalating conflict in the Middle East has disrupted crude oil production and supplies, pushing up fuel prices in the U.S. and driving up costs across the broader economy.

Fed moves to restore credibility

“Hiking was the right move, and it restores Fed credibility that the central bank will curb inflation no matter what the White House or anyone else says,” said Heather Long, chief economist at the Navy Federal Credit Union, in an email. “The big news is that the vote was unanimous and the forecast only signals one more hike in 2026.”

The average price of diesel reached a record $6.31 per gallon on Wednesday, a 71% jump from a year ago, according to AAA. Gasoline now averages $4.37 a gallon, up from $4.06 a month ago and $2.98 just before the Iran war started in February.

Higher interest rates can tamp down inflation because consumers pare spending and businesses reduce investment. That cools economic growth and tempers price increases as demand slows.

Higher borrowing costs

Banks are likely to respond to the latest Fed hike by boosting their interest rates on credit cards and other lending products, although a single 0.25 percentage-point increase might not significantly raise borrowing costs, according to financial experts.

Even so, the increase in borrowing costs comes as Americans are shouldering higher costs for gas, food and other essentials.

“Consumer sentiment is now 13% below where it was this time last year,” said Heather Boushey, professor of practice at the Kleinman Center for Energy Policy at the University of Pennsylvania, in an email. The Fed’s rate hike this week “will make it harder for families to borrow, raising the cost of car loans, credit cards, mortgages and more.”

Edited by Alain Sherter

The Associated Press contributed to this report.

Trump-backed tax break a windfall for controversial industry — now GOP senator wants ‘corporate welfare’ cut

2026-09-16 3:51pm EDT / Fox News

Sen Hawley plans legislation to exclude AI data centers from ‘opportunity zones’ created under Trump’s tax cuts

By Alex Miller Fox News

Published September 16, 2026 3:51pm EDT

Hawley takes aim at ‘corporate welfare’ for data centers as AI boom drives utility concerns

Sen. Josh Hawley, R-Mo., wants to close a tax loophole that he argued tech giants were using to build data centers in low-income areas, and one that was first passed by Republicans in 2017.

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FIRST ON FOX: Anxieties over data centers have cranked up considerably, and one Senate Republican wants to close a tax loophole that he argues tech giants are using as “corporate welfare” to build facilities throughout the country.

Sen. Josh Hawley, R-Mo., plans on introducing legislation that would tie up a tax loophole for data centers first unleashed by Republicans in 2017 that he charged has been exploited by tech companies to build their sprawling data center facilities. It comes as the GOP wrestles with how to handle the data center and AI issue, which has become a major political wedge on the campaign trail.

And one that President Donald Trump has called a “hoax.”

Sen. Josh Hawley, R-Mo., plans on introducing legislation that would tie up a tax loophole for data centers first unleashed by Republicans in 2017.(Alex Brandon and Joseph A. Wulfsohn/AP Photo/Fox News Digital)

‘WHY WOULD HE DO THIS TO US?’: ONE CRUCIAL TRUMP DECISION IS HURTING HIS BASE, REPUBLICANS WARN

That loophole, Hawley told Fox News Digital in an interview, is for Opportunity Zones, which he said are generally meant for “for low-income areas, low-income housing, low-income businesses or businesses in low-income areas.”

“These data centers have figured out a way that they think that they can access all of this money,” Hawley said. “So let’s be clear, this is a form of corporate welfare. They don’t need any welfare. These people are rich, they can pay their own way.”

The tax breaks were first approved by Congress as part of Trump’s first-term tax cuts package, the Tax Cuts and Jobs Act of 2017. That initial bite at the apple established them as a means to spur investment into lower income or forgotten areas where tracts of land were dubbed Opportunity Zones.

AI’S MASSIVE APPETITE FOR POWER, WATER IGNITES FIGHT IN HIGH-STAKES TEXAS SENATE RACE

They were then made permanent last year through the “big, beautiful bill,” and though not explicitly intended to be used for data centers, have since provided a route for tech companies to defer, reduce or outright eliminate corporate gains taxes on their investments in the zones.

Since both tax packages were passed, 8,746 Opportunity Zones have cropped up in the U.S., according to the Department of Housing and Urban Development — just under half of all zones are in rural areas, where tech goliaths have set their sights on building data centers.

And, according to a report from the National Community Reinvestment Coalition, 14% of all data centers are in Opportunity Zones, while just over 17% of all permitted, approved and under construction data center projects are in the zones.

Hawley’s forthcoming bill would explicitly exclude data centers from being able to access the tax cuts, adding another barrier at the federal level in an attempt to try and slow their rapid development.

And it comes as Congress scrambles to answer the growing fears over unfettered AI development, which data centers play a key role in.

A SOUTHERN STATE JUST TOOK THE TOP SPOT IN ONE OF THE WORLD’S FASTEST-GROWING INDUSTRIES

Data center development is surging across Texas, with North Texas taking the top spot in a new global ranking of the industry’s leading markets.(Yasuyoshi Chiba/Contributor/AFP/Getty Images)

Though concerns have rippled through the halls of the Capitol since their return this week following a call from major players in the AI industry to slow development, which only came after engineers at Anthropic revealed on X that there was a roughly 10% chance that AI could wipe out humanity within a decade, the topic of reining in the technology is not new.

Three years ago, Senate Minority Leader Chuck Schumer, D-N.Y., convened several panels with tech CEOs, including one with Tesla CEO Elon Musk and Meta CEO Mark Zuckerberg, to hash out what AI legislation could look like in Congress.

Since then, there has been little to no legislative action taken.

Hawley argued that Congress needs to at least put guardrails on AI, and give people the opportunity to sue tech companies if their data and personal information has been used without their consent.

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When asked why no real action had happened since Schumer’s series of AI summits, Hawley contended that it was “because all the tech CEOs then promptly gave Schumer and the Democrats gobs and gobs money, and they decided that, you know what, maybe this industry is going fine.”

“And now what you see the same tech CEOs saying is they want an antitrust exemption so they can all talk together and work together,” Hawley said. ‘Any regulations, they want to write them themselves. And they’re out there saying, “The sky is falling, the sky is falling. You need to let us get together, write the regulations and figure out what we’re going to do.’ I’m pretty skeptical of that, I have to say.”

Alex Miller is a writer for Fox News Digital covering the U.S. Senate.

Bernie and Bannon becoming bros? Maybe not, but they are both on the same team for AI regulation

2026-09-16 1:24 PM EDT / CNN Politics

By Dana Bash, CNN

Bernie and Bannon becoming bros? Maybe not, but they are both on the same team for AI regulation

Inside Politics

Sen. Bernie Sanders and Steve Bannon both spoke at an event to push for more government regulation of AI—and both said they want to rein in the oligarchs in Silicon Valley.

https://www.cnn.com/2026/09/16/politics/video/inside-politics-artificial-intelligence-bernie-sanders-steve-bannon

White House chief of staff Susie Wiles had medical procedure at Mayo Clinic this week

Updated on: September 16, 2026 / 3:58 PM EDT / CBS News

By Ed O’Keefe, Jennifer Jacobs

White House chief of staff Susie Wiles had a medical procedure related to her breast cancer diagnosis at the Mayo Clinic earlier this week, according to multiple sources familiar with the matter.

On Wednesday afternoon, she posted on X, “I am cancer free.”

Wiles was diagnosed in March.

She was back working soon after the procedure conducting White House business, making phone calls and running meetings, two of the sources said.

Spokespeople for the White House didn’t immediately disclose why she went to a medical facility outside Washington, D.C.

Wiles in a statement at the time she announced her illness noted that about one in eight women are diagnosed with breast cancer and indicated that like them, she planned to keep working.

“Every day, these women continue to raise their families, go to work, and serve their communities with strength and determination,” Wiles said in her March statement. “I now join their ranks.” When she announced her diagnosis President Trump said in a statement that she had a “fantastic medical team” and had been given an “excellent prognosis.”

She traveled with the president to Dallas last week for the Republican midterm convention, according to an Air Force One manifest provided by the White House.

Wiles, a longtime political consultant in Florida, served as campaign manager of President Trump’s 2024 bid for the White House. She is the daughter of the late football broadcaster Pat Summerall.

https://www.cbsnews.com/video/white-house-chief-of-staff-susie-wiles-announces-shes-cancer-free/

House holds billionaire investor Leon Black in contempt over Epstein probe

2026-09-16T18:49:05.298Z / https://www.cnn.com/2026/09/16/politics/leon-black-epstein-subpoenas

The House of Representatives held billionaire investor Leon Black in contempt of Congress on Wednesday for refusing to comply with subpoenas as part of the congressional investigation into Jeffrey Epstein.

It is now up to the Justice Department to consider whether to pursue criminal prosecution against Black.

The move is the latest escalation in the long-running congressional probe, which has brought in at least 19 high-profile witnesses, many of whom had never been questioned about their ties to Epstein, but has failed to produce the kind of revelations many lawmakers and Epstein survivors had hoped for.

The vote by the full House triggers a referral to the Justice Department and came after the oversight committee unanimously held Black in contempt on Tuesday for refusing to turn over nondisclosure agreements and appear for a deposition.

Black is currently suing the panel and House Oversight Chair James Comer to try to block the lawmakers from obtaining his documents and testimony, but lawmakers have argued that Congress is entitled to the information.

“I subpoenaed Leon Black for testimony and documents critical to our investigation. But he has refused to comply. Leon Black is legally required to appear for a deposition in front of the Oversight Committee and required to turn over all nondisclosure agreements to which he was a party,” Comer said at the committee meeting on Tuesday.

Attorneys representing Black admonished the committee for taking this step and said they have filed a confidential complaint on Tuesday with the Office of Congressional Conduct requesting an investigation into Comer.

“This an outrageous action that ignores the facts and the truth about Mr. Black,” Susan Estrich, of Estrich Goldin, and Aaron Cutler, of Hogan Lovells Cadwalader, said in a statement.

“To be clear, our lawsuit shows the Committee and Chairman Comer’s abused their Congressional power and broke the law. We believe that our confidential ethics complaint will further show that Chairman Comer violated the rules of the House,” they added.

The attorneys said that Black provided the panel “with the only confidentiality agreement that Jeffrey Epstein knew about as part of Mr. Black’s cooperation with the Committee’s efforts to ferret out the truth about Epstein. He also testified to this fact. We also told them that Ghislaine Maxwell had absolutely nothing to do with any of the agreements.”

“The Committee has continued to insist on looking for information that does not exist. They are looking to ask questions about every NDA Mr. Black ever signed including with business partners over his 50 year career and also with individuals who he never met. This is absurd. They even asked him to give the names of individuals in his social circle who have NDA’s,” the lawyers said in their statement provided to CNN.

“This vote is an important step towards justice and accountability. Leon Black has continued to defy two congressional subpoenas and we need to know why he gave Jeffrey Epstein $180 million dollars. We will continue to center the survivors in our fight to hold those responsible for these horrific crimes. We are just getting started,” Garcia said in a statement.

Black initially appeared for a voluntary interview in June, but that ended abruptly when Comer issued two subpoenas as lawmakers said that Black refused to answer a series of questions. Instead of appearing for his deposition, Black filed the lawsuit earlier this month.

Black is one of many influential and wealthy individuals whose past relationships with Epstein have come under further scrutiny since the Justice Department’s release of millions of Epstein files.

In his voluntary closed-door June interview, Black told members of Congress that he did not know the extent of Epstein’s crimes — and that he himself never abused women or had sexual relations with minors, according to a copy of his opening remarks shared by his legal team.

“Mr. Black has repeatedly said that he feels terrible for Epstein’s victims and that he regrets ever doing business with Epstein. He never abused a woman. He never was with an underage woman. He never engaged in sex trafficking. He never paid Epstein for access to women. He was never blackmailed by Epstein. Mr. Black had no knowledge of any of Epstein’s heinous conduct,” his lawyers said in the statement.

In a letter to the committee obtained by CNN earlier this month, Black’s attorneys argued that the nondisclosure agreements the panel was seeking were too broad, had no connection to Epstein and disregarded the privacy interests of third parties.

US Postal Service chief told associates he wants to quit, sources say

2026-09-16T19:11:36.955Z / Reuters

• Summary
• Companies

• Postmaster General Steiner frustrated as agency struggles with financial losses, four sources say
• Postal Service also in focus over Trump efforts to restrict voting by mail, blocked in part by Supreme Court
• Steiner was angry after June Senate hearing that focused on agency finances, his bonus and mail-in voting, sources say

WASHINGTON, Sept 16 (Reuters) – The head of the U.S. Postal Service ​has told confidants that he is deeply discouraged by his job and wants to resign, according to four people familiar with his thinking, as the ‌agency comes under scrutiny over financial losses and President Donald Trump’s effort to tighten rules on mail-in voting.

Postmaster General David Steiner, who took office in July 2025 after the White House forced out his predecessor, has expressed frustration over a lack of help from the White House and Congress in addressing the mail service’s long-running financial woes, the people said.

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At the same time, the Postal Service was thrust to ​the center of a debate over the federal government’s role in voting after Trump directed it in March to serve as a clearinghouse for mail ballots. The Supreme ​Court on Monday blocked the agency from implementing key elements of the plan, dealing the White House a significant setback.

The pressures culminated ⁠in a contentious June Senate hearing, where lawmakers from both parties interrogated Steiner over poor delivery service, Trump’s ballot restrictions and his compensation.

The hearing left Steiner furious, the people said. In ​conversations afterward, Steiner described the job as thankless, warned that the agency’s finances were increasingly dire without federal aid, and said he wanted out, according to the people, who spoke on ​condition of anonymity.

“The message was, this isn’t what he signed up for, and he didn’t come on board to get beat up like this,” one of the people said.

The Postal Service disputed the information from the sources, saying it had “absolutely zero validity,” but did not comment on specific incidents. The agency did not respond to a request for an interview with Steiner.

TRUMP ATTEMPTS TO INTERVENE ON MAIL-IN VOTING

The postmaster general, ​who runs the independent agency of 630,000 employees, is hired and evaluated by a bipartisan board of governors nominated by the president and confirmed by the Senate. The agency’s structure was ​purposefully designed to insulate the mail service from political tinkering.

Steiner, a former FedEx

(FDX.N) board member and former chief executive of Waste Management

(WM.N), told board members during the hiring process he planned to serve for ‌roughly two ⁠years, the people said.

Since taking office, he has repeatedly told lawmakers that without new funding the Postal Service would be forced to cut delivery days and close unprofitable post offices, mostly in rural, Republican-leaning areas.

Lawmakers largely rejected Steiner’s proposals to reduce services, and mail and package companies chafed at large rate increases designed to ease losses.

Trump, in both of his terms, has been more involved with the Postal Service than his predecessors, pressuring the agency to raise parcel rates, intervening in the selection process for the postmaster general and attempting to implement mail-in ​voting restrictions.

His involvement has at times made the ​agency — and its leaders — the object of ⁠intense congressional scrutiny.

SENATE HEARING PUTS STEINER IN SPOTLIGHT

At the June hearing, Steiner sparred with Committee Chair Rand Paul of Kentucky, a Republican, over years of agency financial losses, and with Senator Elissa Slotkin, a Michigan Democrat, who accused Steiner of being a “pawn” in Trump’s plans to ​restrict voting access.

Steiner defended Trump’s proposal.

“I would think the states would want the information to ensure that the ballots that they ​think they’re sending out are ⁠the ballots that are actually being sent out,” he said at the hearing.

Republican Senator Josh Hawley of Missouri also called for Steiner to refuse his bonus because of the agency’s service issues. Steiner earns an annual salary of $346,780, according to postal financial disclosures, and drew a 2025 relocation bonus worth 50% of his salary.

The four people familiar with Steiner’s thinking said it was unclear how much ⁠congressional inquiries ​about Trump’s ballot rules had contributed to Steiner’s frustration. They noted that Steiner had already contemplated stepping down ​in late 2025 over the Postal Service’s difficult financial circumstances.

In an effort at that time to bolster Steiner’s morale and enlist White House support for his restructuring plans, Trump donors in the mailing industry organized a December 2025 ​trip for the postmaster general to golf with the president at one of his Florida resorts, the people said.

Reporting by Jacob Bogage in Washington; Editing by Colleen Jenkins and Edmund Klamann

Our Standards: The Thomson Reuters Trust Principles.

House cancels votes, cutting week short before adjourning until after midterms

2026-09-16 2:54 PM EDT / CBS News

By Caitlin Yilek Politics Reporter
Caitlin Yilek is a politics reporter at CBSNews.com, based in Washington, D.C. She previously worked for the Washington Examiner and The Hill, and was a member of the 2022 Paul Miller Washington Reporting Fellowship with the National Press Foundation.

Read Full Bio

Washington — House Speaker Mike Johnson on Wednesday canceled votes in the chamber that were planned for Thursday, cutting the work week short and sending members home until after the November midterm elections.

Lawmakers will be away from Washington for more than six weeks, avoiding potentially controversial votes and intraparty fighting before voters head to the polls. Johnson previously canceled votes for the last two weeks in September.

“The House has done its work,” Johnson, a Louisiana Republican, told reporters at the Capitol. “It’s time for our members to go home to their districts and make their case to the American people.”

Before leaving town, the House is expected to vote on legislation to impose new sanctions on Russia and a bill to shield consumers from data center energy costs. But lawmakers’ exodus from Washington will also leave some outstanding issues in limbo until they return following the elections.

Rep. Ralph Norman, a Republican from South Carolina, said canceling Thursday’s votes is “unacceptable.”

“The House has now canceled at least 63 scheduled voting days this Congress, including nine days this month alone, and now we’re leaving Washington until after the election,” he wrote on X. “The Founders did not envision taking this much time off and still getting paid. If Members of Congress want to go home and campaign instead of doing the job taxpayers sent us here to do, then their campaigns ought to be paying them, NOT the American taxpayer. We still have work to do.”

Republican Rep. Thomas Massie of Kentucky, who lost his primary to a Trump-backed challenger, on Tuesday introduced eight articles of impeachment against Defense Secretary Pete Hegseth over the Iran war. The resolution is privileged, meaning Johnson has two legislative days to act on it. The cancellation of Thursday’s votes pushes the issue to early November, when Johnson indicated Republicans will move to kill it.

Johnson said it was “ridiculous” to suggest that canceling Thursday’s votes was meant to avoid the vote on impeaching Hegseth.

“It’s a publicity stunt by someone who wants attention. It will immediately be tabled, of course,” he said.

In an interview with CNN on Tuesday night, Massie said he did not give GOP leaders a heads-up about his plan.

“I didn’t want to show my hand,” he said. “I didn’t show it to anybody. I was afraid that they would do something to subvert me getting on the floor for an hour and 20 minutes and reading these articles.”

Johnson also rebuffed calls by Democrats who wanted to cancel the recess to address rapid advancements in artificial intelligence. After AI industry leaders and researchers raised alarm about potentially catastrophic threats posed by the technology in recent weeks, Democratic lawmakers called on Johnson to keep the House in session until they can pass legislation to rein in AI.

“Congress should not leave town until something is done decisively to protect the safety and the well-being of the American people, in the face of growing concerns being raised by experts within the artificial intelligence industry itself,” House Minority Leader Hakeem Jeffries said Monday. “Republicans have completely abandoned their responsibility to legislate and engage in public policy efforts in a responsible fashion in the area of artificial intelligence.”

Members of Congress have offered a number of proposals to address their concerns about AI, but there is no consensus about legislative action. Opponents of more stringent constraints on the industry warn that regulations risk putting the U.S. at a disadvantage in its competition with China.

Johnson hasn’t expressed an urgency to pass AI guardrails, and in a series of posts on Monday, President Trump said all that’s needed to safeguard AI is a “strong” president.

“If I called an emergency session today and I brought everybody in the House and said, ‘Let’s regulate AI,’ nobody in the room knows yet what that should look like,” Johnson said at his weekly news conference Tuesday.

Johnson argued that AI companies should be able to “self-police” and “self-regulate.”

“They don’t need the government to tell them to slow it down. If they want to slow it down, they should,” he said.

Johnson has called for a meeting with AI executives and the White House, saying he expected one would come together by early next week.

“The reflex of the legislative bodies is to cover things up with red tape and in hyperregulation,” Johnson said Monday.

On another front, Congress has yet to renew a key spy authority, known as Section 702 of the Foreign Intelligence Surveillance Act, which expired in June.

The president’s controversial choice of Bill Pulte, the head of the Federal Housing Finance Agency, to temporarily oversee the nation’s spy agencies complicated its renewal. Jay Clayton was sworn in as the director of national intelligence in August, but both chambers have been on recess for a majority of the time since then.

The Senate is scheduled, for now, to be in session through the end of September.

The upper chamber is working to pass a sweeping college sports bill, titled the Protect College Sports Act, that includes regulations around name, image and likeness rights and transfer eligibility. Senators are also nearing a bipartisan deal on a permitting reform overhaul.

“If the Senate works together and moves some of these important pieces of legislation, I will bring the House back on 48-hours’ notice,” Johnson said.

‘Godfather of AI’ weighs congressional proposals to regulate AI, says ‘kill switch’ won’t work in long run

2026-09-16T19:15:04.543Z / CNN Politics

By Blake McGill, CNN

Updated 3:15 PM EDT, Wed September 16, 2026

https://www.cnn.com/2026/09/16/politics/video/cncpm-geoffrey-hinton-godfather-artificial-intelligence-congress-regulation-kill-switch

Geoffrey Hinton, the Nobel Prize-winning computer scientist known as the “godfather of AI,” weighs in on several proposals before Congress to regulate artificial intelligence.

6:45 • Source: CNN

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