CBS will end "The Late Show with Stephen Colbert" and retire "The Late Show" franchise in May 2026, the company announced Thursday, calling it "purely a financial decision against a challenging backdrop in late night.

Stephen Colbert's friends and colleagues are in shock at The Late Show's surprise cancellation.

Plus, the Republican-led House passed a $9 billion package that includes spending cuts to NPR and PBS, as well as foreign aid. Donald Trump is expected to sign the measure.