Strip club owner won't have to pay back millions in PPP aid
The owner of Rick's Cabaret got $5.4 million from the Paycheck Protection Program. Its stock soared 70% this year.
The owner of Rick's Cabaret got $5.4 million from the Paycheck Protection Program. Its stock soared 70% this year.
Congress has agreed on a $900 billion coronavirus relief package which includes a new round of stimulus checks and restored supplemental unemployment benefits. CBS News political reporter Grace Segers joins CBSN AM to break down what's in the bill and what it means for the incoming Biden administration.
House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer said they support a new bipartisan $908 billion COVID-19 economic relief proposal as a baseline for negotiations. It includes money for small businesses, unemployment insurance, and local governments. Neil Bradley, executive vice president and chief policy officer of the U.S. Chamber of Commerce, joined "CBSN AM" to discuss.
Earlier this year, CBS News spoke with a small business owner who said the federal Paycheck Protection Program was not ideal for his business. But with the help from the program and after some restructuring, he now says his business is more profitable than it was before the coronavirus outbreak. Joe Walsh, owner of Green Clean Maine, an environmentally friendly cleaning service in Maine, joins CBSN to discuss how his business became a success story in the pandemic.
Millions of Americans are waiting for lawmakers on Capitol Hill to come to an agreement on a second coronavirus stimulus package. It's been months now since funds from the original CARES Act ran out. Dr. Lisa Cook, a professor of economics at Michigan State University and a former senior economist at the President's Council of Economic Advisers, discusses who needs a second round of stimulus the most, and why lawmakers should have a better system in place for the next economic crisis.
Owner of home-cleaning service said the funds allowed him to restructure his small business. Now it's more efficient.
As PPP business loans run out, economists see a second wave of layoffs. "It feels completely arbitrary," said one worker made jobless.
The president urged Senate Majority Leader Mitch McConnell to focus on confirming his nominee to the Supreme Court.
Bellamy allegedly used the loan to buy more than $100,000 on luxury goods and spent over $60,000 at the Seminole Hard Rock Hotel and Casino.
CEO Jamie Dimon said in an internal memo that the bank has found evidence of illegal behavior.
Legacy Toys in Minnesota was able to use their PPP loan to bring furloughed employees back to work and launch an online store. That revenue stream helped their brick-and-mortar locations survive the pandemic. Legacy Toys owner Brad Ruoho tells CBSN about the company's growth and his passion for educating children.
Treasury Secretary Steve Mnuchin is testifying before a House committee where he is expected to be asked about the potential for fraudulent loans acquired under the Paycheck Protection Program. CBS News political reporter Grace Segers spoke to CBSN's Tanya Rivero about where the money went and if the government will be able to get it back.
A new report found thousands of small businesses loans under the Paycheck Protection Program were vulnerable to fraud or abuse.
Financial fraud experts said banks and the federal government haven't done enough background checking on applicants.
The president of the Federal Reserve Bank of Chicago said additional federal aid is needed to address the economic impact of the pandemic.
Millions in Paycheck Protection Program loans have flowed to industries that it turns out were boosted by COVID-19.
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.
Feds say L.A. man fraudulently obtained some $9 million from the federal Paycheck Protection Program, used some in Vegas and some on stock market
Business owners with prior criminal convictions are now landing emergency loans after previously being barred.
Sharon Richardson is an ex-convict who was denied a PPP loan in April. She tells the story of how her mentor encouraged her to reapply for funding after changes in eligibility requirements from the Small Business Administration.
The Catholic Church used an unprecedented exemption to amass at least $1.4 billion in taxpayer-backed aid.
The names make up less than 15% of the nearly 5 million small businesses that received forgivable, low-interest loans.
Newly released data reveals new information about some of the companies that received millions of dollars in coronavirus bailout funds. The loans are part of the Paycheck Protection Program created to help small businesses cover payroll expenses during the pandemic. ProPublica senior reporter Jack Gillum joins CBSN's Elaine Quijano with the details.
President Trump met with health officials, educators and students at the White House on Tuesday to urge schools reopen this fall amid the coronavirus pandemic. CBS News' Skyler Henry joins CBSN's Elaine Quijano to discuss the steps the nation's top health experts are saying schools need to consider.
Mogul's clothing brand best known for $250 sneakers received lift from the U.S. government's pandemic rescue fund.
The United Nations and other agencies have warned for weeks that an Israeli assault on Rafah, which borders Egypt near the main aid entry points, would cripple humanitarian operations
At the same time, the three are accusing each other of being pro-transgender.
A line of family, friends and loved ones filled a North Texas home to celebrate Viola Ford Fletcher's birthday.
The shooting occurred on Friday night inside a Regal Cinemas theater in Ohio, according to police.
A'ja Wilson, of the Las Vegas Aces, has joined a roster of women athletes who have partnered with Nike to develop signature collections.
North Korea in recent months has maintained an accelerated pace in weapons testing as it expands its military capabilities while diplomacy with the United States and South Korea remains stalled.
Sean "Diddy" Combs is asking a judge to dismiss a lawsuit alleging that he and two other men raped a 17-year-old girl in a New York recording studio in 2003.
The U.N. food agency says more than 300 Afghans have died in flash floods that also destroyed more than 1,000 houses in the northern province of Baghlan.
After losing a leg in the Boston Marathon bombings, Jessica Kensky proudly walked the graduation stage Friday with her service dog, Rescue, in hand.
Tens of thousands of transborder students — some as young as kindergarteners — cross the border from Mexico into California, Arizona, New Mexico and Texas to pursue an education in the United States.
A'ja Wilson, of the Las Vegas Aces, has joined a roster of women athletes who have partnered with Nike to develop signature collections.
The shooting occurred on Friday night inside a Regal Cinemas theater in Ohio, according to police.
Sean "Diddy" Combs is asking a judge to dismiss a lawsuit alleging that he and two other men raped a 17-year-old girl in a New York recording studio in 2003.
Parts of the country saw the aurora borealis on Friday night and the dazzling show will continue on Saturday night, according to officials.
A'ja Wilson, of the Las Vegas Aces, has joined a roster of women athletes who have partnered with Nike to develop signature collections.
The $5 meal could include a choice of a McChicken, a McDouble or four-piece chicken nuggets along with fries and a drink.
Due to bankruptcies and other problems, retailers plan to close almost 3,200 stores this year, up 24% from a year ago.
Huy Fung Foods said its peppers are "too green" to make its signature sriracha sauce, forcing it to suspend production until September.
Annual wildfires and flooding are keeping major insurance companies from covering homeowners in California and Florida.
At the same time, the three are accusing each other of being pro-transgender.
Minnesota officially adopted its new state flag on Saturday, making the old flag history. So what happens to the old flag now that it is obsolete?
Michael Cohen's testimony in former President Donald Trump's criminal trial in New York suggests the prosecution is reaching the home stretch of its case.
The highly anticipated State Department report doesn't formally conclude Israel is in violation of U.S. or international law.
A divided three-judge panel ruled last month a recently adopted congressional map that includes two majority-Black districts is an unconstitutional racial gerrymander.
Eighty-four million Americans had a mental disorder in 2022, while 34 million people had a substance use disorder. About 11 million people dealt with both, but many did not receive professional treatment, partially because of a persistent stigma leading to silence and shame around mental health problems. Michelle Miller reports on how former congressman Patrick J. Kennedy and author Stephen Fried are hoping to make change with their new book.
Some states are cracking down on claims by anti-abortion rights organizations that offer "abortion pill reversal" treatment.
The parents of a U.K. toddler say it's "absolutely mind-blowing" to see their daughter, enrolled in a gene therapy trial, hear for the first time.
Some of the strains in the "FLiRT" group are closely related to the JN.1 COVID variant from last winter.
Seattle Mayor Bruce Harrell said that the facility would be supported by the Seattle Fire Department's overdose response team.
The European Broadcasting Union said Swedish police were investigating "a complaint made by a female member of the production crew" against Klein.
Tens of thousands of transborder students — some as young as kindergarteners — cross the border from Mexico into California, Arizona, New Mexico and Texas to pursue an education in the United States.
While officials work to keep politics out of the event, the Israel-Hamas war has led to controversy this year.
North Korea in recent months has maintained an accelerated pace in weapons testing as it expands its military capabilities while diplomacy with the United States and South Korea remains stalled.
The United Nations and other agencies have warned for weeks that an Israeli assault on Rafah, which borders Egypt near the main aid entry points, would cripple humanitarian operations
The European Broadcasting Union said Swedish police were investigating "a complaint made by a female member of the production crew" against Klein.
Native Fashion Week designers embraced the runway, juxtaposing modernity and traditional Native ceremony.
The new book by the host of HBO's "Real Time" takes aim at those who brazenly invoke the standards of today to rewrite history in ways that even "Star Trek" would think go too far.
While officials work to keep politics out of the event, the Israel-Hamas war has led to controversy this year.
Sean "Diddy" Combs is asking a judge to dismiss a lawsuit alleging that he and two other men raped a 17-year-old girl in a New York recording studio in 2003.
Apple's "Crush!" advertisement for the new iPad Pro features a myriad of artistic tools getting smashed in a large hydraulic press.
The Ascension Healthcare Network, one of the nation's leading nonprofit and Catholic health systems, says a "cyber security event" disrupted its clinical operations Wednesday. Threat intelligence company Cyble says there have been 77 ransomware attacks on the U.S. health care sector since the beginning of February. CBS News homeland security and justice reporter Nicole Sganga joins to unpack the troubling trend.
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.
The tech giant disclosed Thursday that a database was accessed through a Dell portal, which contains a database of customer information. CBS News' John Dickerson has the details.
FTX says most of its customers will receive some of their money back nearly two years after the cryptocurrency exchange collapsed. Yesha Yadav, associate dean of Vanderbilt Law School, joins CBS News to discuss how the payback will work.
Parts of the country saw the aurora borealis on Friday night and the dazzling show will continue on Saturday night, according to officials.
Geomagnetic storms can affect infrastructure, but may also bring an expanded viewing of the aurora borealis.
Americans could be treated to a show of the northern lights this weekend from a powerful geomagnetic storm heading toward Earth.
The parents of a U.K. toddler say it's "absolutely mind-blowing" to see their daughter, enrolled in a gene therapy trial, hear for the first time.
Climeworks, a Swiss pioneer in the fast-growing field of CO2 capture and storage, launches operations at a new site on a dormant volcano.
The shooting occurred on Friday night inside a Regal Cinemas theater in Ohio, according to police.
Witness testimony continued Friday in the murder trial of Karen Read, a Massachusetts woman accused of killing her police officer boyfriend, John O'Keefe, in 2022. Read has pleaded not guilty and her lawyers argue local law enforcement officials are framing her. CBS News Boston's Penny Kmitt has the latest on the testimony.
Bailey Boswell was convicted of murder in the 2017 death of Sydney Loofe. Boswell's boyfriend was also convicted and sentenced to death.
Edrick Lamont Faust, 48, was charged with murder, and various other charges in connection with the 23-year-old first-year law student's death, the Georgia Bureau of Investigation announced.
How an unusual clue ended life on the run for fugitive William Greer, wanted for killing his girlfriend Tammy Myers and hiding her body.
Geomagnetic storms can affect infrastructure, but may also bring an expanded viewing of the aurora borealis.
Americans could be treated to a show of the northern lights this weekend from a powerful geomagnetic storm heading toward Earth.
The sunspot responsible for the odd series of strong solar flares is so big you can see it with your own eyes from Earth.
In the image, "a ghostly hand appears to be emerging from the interstellar medium and reaching out into the cosmos," the NOIRLab said.
The so-called super Earth — known as 55 Cancri e — is among the few rocky planets outside our solar system with a significant atmosphere.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
We look back at the life and career of the longtime host of "Sunday Morning," and "one of the most enduring and most endearing" people in broadcasting.
David Begaud heads to a surprise city on a mission to find a story in 48 hours – and he meets three strangers with powerful messages to share. A heroic cowboy teaches a lesson in modesty. Plus, more heartwarming news stories.
In Washington, D.C., we meet two figure skaters who are expanding access to the sport to other Black college students. Then in California, UFC legend Ronda Rousey opens up about her life and career in her vulnerable new memoir. Watch these stories and more on Eye on America with host Michelle Miller.
New White House report says Israel may have violated international humanitarian law in Gaza; How chef Fermin Nunez is changing the culinary scene in Austin, Texas
Incredible Northern lights set the sky ablaze on Friday night, with some vibrant colors even visible to the naked eye amid a geomagnetic storm. Meanwhile, a protest in Germany at a Tesla factory turned into a stampede. All that and all that matters in today’s Eye Opener.
Singer-songwriter Katie Pruitt garnered widespread acclaim for her introspective music and powerful live performances after releasing her first album in 2020. Rolling Stone even declared her an "artist you need to know." Now returning to Saturday Sessions with music from her new album "Mantras," here is Katie Pruitt with "White Lies, White Jesus And You."