The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full percentage point since September. CBS News contributor Javier David breaks down its impact.

President-elect Donald Trump says he will remove millions of immigrants living unlawfully in the U.S. through his mass deportation plan once he takes office in January. CBS News immigration and politics reporter Camilo Montoya-Galvez rode along Wednesday in El Paso with a sergeant for the Texas Department of Public Safety to discuss border policy.