CBS Evening News CBS Evening News, 01/12/26
Jan 13, 2026
Tensions flare as Jerome Powell accuses the DOJ of retaliating against him for resisting Trump’s interest rate cuts, igniting bipartisan concerns over the Fed's independence. In Iran, mass protests escalate with demonstrators calling for regime change amidst warnings of U.S. military action. Exiled Crown Prince Reza Pahlavi urges the U.S. to intervene sooner rather than later. Meanwhile, local news covers a tragic Minneapolis shooting and a synagogue arson investigation, highlighting issues spanning from politics to community responses.
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Fed Probe Raises Independence Alarm
- The Justice Department served grand jury subpoenas tied to the Fed's renovation after President Trump repeatedly pressured Jerome Powell to cut rates.
- Powell says the probe is retaliation for refusing political demands, raising bipartisan alarm about Fed independence.
Minnesota Sues Over ICE Operations
- Minnesota sued DHS after the fatal ICE shooting and released video of the minutes before Renee Nicole Good was killed.
- Officials say ICE is shifting from targeted arrests to street-level patrols with different training implications.
Iran Protests Escalate As U.S. Considers Options
- Iran's protests have killed hundreds and videos show security forces using live fire, while the U.S. weighs strong options including military strikes.
- President Trump says Iran privately seeks negotiation even as Tehran warns of retaliation for any U.S. attack.