Schieffer made his last CBS Evening News broadcast on August 31, 2006, and was replaced by Katie Couric. On Couric's second broadcast, he returned to provide segments for the evening news as chief Washington correspondent. Schieffer was also a substitute anchor for Couric and Scott Pelley when he became anchor of the evening news in June 2011.
Since leaving the anchor desk at CBS Evening News in 2006, Schieffer has entertained his longstanding interest in songwriting by collaborating with musicians in New York and Washington, D.C. His latest efforts have resulted in four songs with the Washington area band, Honky Tonk Confidential, all of which appear on their CD, Road Kill Stew and Other News (with Special Guest Bob Schieffer). Schieffer sings "TV Anchorman", and wrote the lyrics for the other songs.