As student debt relief fails, some point to "hypocrisy" of PPP loans
The U.S. forgave $757 billion in loans through the Paycheck Protection Program, with most of those benefits going to the wealthy.
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The U.S. forgave $757 billion in loans through the Paycheck Protection Program, with most of those benefits going to the wealthy.
President Biden is asking for $600 million for prosecution, including funds to create at least 10 new Justice Department strike forces.
The pain and concern of Latinos and Latinas nationwide is being felt in Washington, D.C., where Florida Senator Marco Rubio co-authored the Paycheck Protection Program, which aims to help keep people employed. There are also local politicians like New York State Assemblywoman Catalina Cruz, who's filling the gaps and getting creative to meet the needs of her constituents in Queens. Maria Elena Salinas hosts “Pandemia: Latinos in Crisis,” a CBS News special.
Marjorie Taylor Greene said for the government to say debt is forgiven "is completely unfair." The White House tweeted back that she had more than $183,000 in PPP loans forgiven.
Federal prosecutors say Valesky Barosy, 27, of Fort Lauderdale, Florida used COVID-19 relief money to buy $2.2 million in luxury items such as a Lamborghini and Rolex watches.
Governor orders all New Yorkers to wear face coverings when outdoors; Exercising under quarantine
Lee Price III falsely misrepresented the status of three companies, and used the money to spend thousands on a strip club, properties and luxury items.
Many states looking to reopen as U.S. coronavirus cases approach 1 million; Couple marks 50th wedding anniversary with virtual celebration.
President Trump has consistently claimed there is no shortage of medical supplies or coronavirus tests but that's been disputed by many governors. Paula Reid reports.
The $350 billion Paycheck Protection Program could run out of money as early as Tuesday night. And Congress can't agree on how to send more. Kris Van Cleave reports.
The portal, expected to launch August 4, will apply to businesses that have Paycheck Protection Program loans of $150,000 or less.
Just $8 billion remains in the program, earmarked for companies headed by women or minorities.
Harris has been a strong advocate for small businesses that have had trouble obtaining loans to keep them afloat during the long pandemic.
Black and Latino business owners were less than half as likely to be fully approved for loans than White business owners.
Mr. Biden signed a bill extending the deadline to apply for Paycheck Protection Program loans through May 31.
A House subcommittee says it has evidence that mismanagement by the Trump administration led to nearly $84 billion in fraudulent Paycheck Protection Program (PPP) loans. Select committee member and Illinois Representative Raja Kirshnamoorthi joins CBSN's Lana Zak to discuss what's being done to prevent fraudulent PPP loans, the Baby Food Safety Act and the filibuster debate in the Senate.
When signed by President Joe Biden, the new legislation would give businesses another two months to apply for the Paycheck Protection Program.
The current Paycheck Protection Program is set to expire in a few weeks. Many Black-owned businesses have been unable to apply for the program's second round because of unforgiven loans. Gusto's chief operating officer Lexi Reese joins CBSN to discuss.
President Biden held a ceremony Monday evening to honor over 500,000 Americans who died from the coronavirus. Earlier in the day, he made changes to a federal program that helps small businesses impacted by the pandemic. CBS News' Natalie Brand joined CBSN's Elaine Quijano to discuss the latest from the White House.
President Biden will announce several revisions to a federal program helping businesses stay afloat during the pandemic, the Paycheck Protection Program. The changes are aimed at ensuring more small and minority-owned businesses are able to qualify for federal assistance. CBS News senior White House correspondent Weijia Jiang joins CBSN to discuss what those changes entail.
White House wants to provide more support to businesses with fewer than 20 workers, as well as sole proprietors.
Monday marks the first day small businesses can apply for the lated round of help from the Paycheck Protection Program. Lawmakers authorized $284 billion in forgivable loans for struggling businesses as part of the coronavirus relief bill that recently passed. Joanne Canady-Brown, owner of the Gingered Peach Bakery in Lawrenceville, New Jersey, shares her story with CBSN.
The federal loans, which can be forgiven, will have five-year terms and carry an interest rate of 1%.
Many "were being turned down in the first and second round of funding," said president of U.S. Black Chambers.
More than 100,000 U.S. restaurants have been killed off by the pandemic. Will the latest PPP loans for small businesses be enough to save the struggling survivors this winter? CBS MoneyWatch reporter Megan Cerullo tells CBSN why even more eateries could go under.
The gloves will be tested for DNA as the search for Nancy Guthrie continues.
The Senate failed to advance a measure to fund the Department of Homeland Security on Thursday, paving the way for another partial government shutdown without a last-minute breakthrough.
The Trump administration says greenhouse gases emitted from sources like cars, trucks and power plants will no longer be regulated by the federal government.
A judge banned the Trump administration from taking adverse action against Kelly after he and other Democratic lawmakers urged military members to "refuse illegal orders."
Top Trump administration officials had decided to terminate Abigail Slater as the Justice Department's anti-trust chief just before she announced her departure on social media.
Border czar Tom Homan announced Thursday that Operation Metro Surge in Minnesota is concluding, with a drawdown of federal immigration officers set to occur over the course of next week.
Savannah Guthrie shared two video clips and a family photo of her mother Nancy Guthrie as the search for the 84-year-old continued.
Inexperienced prosecutors are testing FACE Act in their case against Don Lemon. But the law has constitutional problems that make it untenable to charge misconduct in a house of worship.
The CIA has released a new Mandarin-language recruitment video aimed at Chinese military officers, hoping to persuade those disenchanted with corruption to turn to the U.S.
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
A U.S. destroyer and a supply ship collided Wednesday during a replenishment at sea.
The Federal Trade Commission sent a letter to Tim Cook one day after President Trump circulated a report raising questions about Apple News' practices.
A judge banned the Trump administration from taking adverse action against Kelly after he and other Democratic lawmakers urged military members to "refuse illegal orders."
Oklahoma has carried out its first execution of the year on a man convicted of killing two men in a drive-by shooting.
The Federal Trade Commission sent a letter to Tim Cook one day after President Trump circulated a report raising questions about Apple News' practices.
Some travelers are finding they don't have storage above their seats when they get on the plane because early boarders are taking up the overhead bins.
Top Trump administration officials had decided to terminate Abigail Slater as the Justice Department's antitrust chief just before she announced her departure on social media.
"Reverse recruitment" firms promise to cut the length of job searches in half and help connect candidates with employers.
Stellantis is telling owners of the affected vehicles not to drive them until a potentially dangerous air bag is replaced. See which models are affected.
The CIA has released a new Mandarin-language recruitment video aimed at Chinese military officers, hoping to persuade those disenchanted with corruption to turn to the U.S.
A U.S. destroyer and a supply ship collided Wednesday during a replenishment at sea.
A judge banned the Trump administration from taking adverse action against Kelly after he and other Democratic lawmakers urged military members to "refuse illegal orders."
A federal judge ordered the Trump administration to facilitate the return of Venezuelan migrants who were deported to a Salvadoran prison last year and then released into other countries.
Top Trump administration officials had decided to terminate Abigail Slater as the Justice Department's antitrust chief just before she announced her departure on social media.
The Food and Drug Administration is refusing to consider Moderna's application for a new flu vaccine made with mRNA technology, the company said.
CBS News medical contributor Dr. Céline Gounder said the results of the study on coffee drinkers having lower risk of dementia should be taken "with a massive grain of salt."
The Marshall Project found more than 70,000 cases referred to law enforcement over allegations of substance use during pregnancy — and that's a significant undercount.
Experts say Affordable Care Act sign-up data won't be clear until people who were enrolled have paid — or not — their new, often much higher, premiums.
Ballad Health, the nation's largest state-sanctioned hospital monopoly, plans to rebuild Unicoi County Hospital in Tennessee on land that two climate modeling companies say is at risk of flooding.
The CIA has released a new Mandarin-language recruitment video aimed at Chinese military officers, hoping to persuade those disenchanted with corruption to turn to the U.S.
Iranian authorities have presented the families of jailed protesters "an inhumane dilemma," offering reprieve in exchange for public acquiescence.
The messaging platform WhatsApp says Russia has "attempted to fully block" its service inside the country, "to drive people to a state-owned surveillance app."
America's NATO allies say they're not disappointed by top Trump administration officials skipping summits, as they ramp up their own regional defenses.
Team USA star skier Breezy Johnson was thrown off course during the Super-G event in Italy, but she arrived at the bottom of the slope to a wedding proposal.
Constance Zimmer, who stars in the new season of "The Lincoln Lawyer," talks about how she channels her powerful character in the series and why it's important for her to always make her characters relatable.
James Van Der Beek, known for starring in "Dawson's Creek" and "Varsity Blues," died Wednesday at the age of 48 after a battle with colorectal cancer. Vladimir Duthiers reports on the beloved actor's career.
Katie Holmes and Busy Philipps are among the "Dawson's Creek" cast members sharing memories of James Van Der Beek after his death at age 48.
James Van Der Beek, star of "Dawson's Creek" and "Varsity Blues," has died at age 48, according to his publicist and a post from his wife on social media. Carter Evans has more on his life and career.
James Van Der Beek, the star of teen classics like "Varsity Blues" and "Dawson's Creek," has died at the age of 48. His wife posted about his death on Instagram on Wednesday. CBS News correspondent Carter Evans reports.
The Federal Trade Commission sent a letter to Tim Cook one day after President Trump circulated a report raising questions about Apple News' practices.
The messaging platform WhatsApp says Russia has "attempted to fully block" its service inside the country, "to drive people to a state-owned surveillance app."
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Many are questioning how Nancy Guthrie's Google Nest surveillance footage was recovered days after officials said it was disconnected with no active subscription to store video.
The social media platform changed its privacy policy last month, inviting users to allow it to track their specific location.
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
"Sunday Morning" looks back at historical events on this date.
Abuse survivors were present during a fiery House Judiciary Committee hearing where lawmakers grilled Attorney General Pam Bondi about the latest batch of files released on the investigation into convicted sex offender Jeffrey Epstein. CBS News' Scott MacFarlane reports.
a pair of black gloves were found about a mile away from Nancy Guthrie's home, sources tell CBS News. Jonathan Vigliotti has the latest.
The gloves will be tested for DNA as the search for Nancy Guthrie continues.
Attorney General Pam Bondi clashed with some lawmakers at her House Judiciary Committee hearing over the Epstein files and their release. CBS News' Taurean Small reports.
Investigators have discovered a pair of black gloves more than a mile from Nancy Guthrie's home, a source close to the investigation tells CBS News. Bradley Blackburn reports and law enforcement contributor Rodney Harrison breaks down more on the investigation.
A United Launch Alliance Vulcan rocket carrying classified Space Force payloads suffered a booster problem but apparently made an otherwise "nominal" ascent to space, the company said.
The new crew will replace four station fliers who returned to Earth ahead of schedule last month due to a medical issue.
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
President Trump announced on Thursday that the Environmental Protection Agency is revoking the scientific cornerstone of U.S. climate regulation that found greenhouse gases pose a threat to public health. CBS News White House correspondent Willie James Inman reports.
Minnesota state leaders are testifying on Capitol Hill on the same day as President Trump's border czar, Tom Homan, announced Operation Metro Surge is concluding. CBS News' Caitlin Huey-Burns reports.
Border czar Tom Homan said he spoke to President Trump and they reached the decision to end the expanded immigration operation in Minnesota. CBS News' Nicole Sganga reports.
President Trump is expected to make an announcement surrounding the Environmental Protection Agency's "endangerment" finding. CBS News' David Schechter reports.
President Trump is reacting to the resolution moving through Congress to curb his tariffs on Canada. CBS News Zak Hudak reports.