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The U.S. blockade of Iran's ports is now in its second day as Washington pressures Tehran to relinquish control of the Strait of Hormuz.

The International Monetary Fund is warning about the risks of a global recession in its World Economic Outlook report as the U.S.-Israeli war with Iran impacts oil prices. CBS News business contributor Javier David has more.

U.S. District Judge James Boasberg launched a criminal contempt inquiry after he said officials defied an order to turn around flights of Venezuelan migrants bound for El Salvador.

Warsh's wealth far outstrips that of outgoing Fed Chair Jerome Powell, whose most recent disclosure shows he is worth at least $19.5 million.

California Rep. Eric Swalwell announced he will resign from Congress amid allegations of sexual misconduct and sexual assault. Swalwell has denied the allegations. Two women accusing Swalwell of sexual misconduct spoke with CBS News' Nancy Cordes about the congressman's alleged advances toward them.