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Overview: Fed watchdog finds no laws broken in $2.5 billion Fed renovation

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An independent watchdog investigating the multi-billion-dollar renovations at the Federal Reserve found that cost overruns did not violate federal law, but that poor project management dramatically increased costs.

Defense Secretary Pete Hegseth said in a speech on Wednesday that the Pentagon is eliminating roughly 1 in 5 generals and admirals during the second Trump administration through firing or position cuts.

He defeated last year's champion, "Chunk," in the final round.

CBS News' Weijia Jiang reports.

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Trump announces $54 billion South Korean investment in Alaska natural gas project

A FlyDubai flight from Dubai to Israel made an emergency landing Wednesday after one of the pilots violently tried to seize control of the aircraft and crash it, passengers and Israeli officials said.

And, prosecutors have reopened a Cornell University fraternity rape case.

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Defense Secretary Pete Hegseth said in a speech on Wednesday that the Pentagon is eliminating roughly 1 in 5 generals and admirals during the second Trump administration through firing or position cuts.

As the midterm elections approach, the GOP grows doubtful of winning the Senate races in Georgia and North Carolina as the party looks to shift resources to other races

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