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Child Tax Credit

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June retail sales numbers show spending in U.S. is up

The U.S. Census retail sales report for the month of June was released on Friday and to many analysts, the numbers were promising. The 0.6 percent bump in sales is significant, the Commerce Department says, since the last rise of this size was last seen in March 2021 around the time stimulus checks were doled out. Diane Swonk, chief economist for Grant Thornton, joined CBSN to help make heads or tails of what the rise could mean for Americans.

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Biden meets with Germany's Angela Merkel

President Biden met at the White House with German Chancellor Angela Merkel on Thursday as he seeks to reaffirm the U.S. relationship with European allies. CBSN Washington reporter Caitlin Huey-Burns, NPR's White House correspondent Tamara Keith, and Axios' political reporter Sarah Mucha join "Red and Blue" anchor Elaine Quijano to discuss the day's political headlines, including a meeting between House Republican leader Kevin McCarthy and former President Donald Trump.

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House Democrat on Child Tax Credit and more

Millions of parents across the country could see extra money in their bank accounts starting Thursday as the new monthly Child Tax Credit payments begin. The rollout comes after President Biden met with fellow Democrats on Capitol Hill to shore up support for a $3.5 trillion infrastructure plan that could include expanded Medicare coverage, money to fight climate change and a pathway to citizenship for certain immigrants. Congressman Ro Khanna, a Democrat from California, joined CBSN's Tanya Rivero to discuss.

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Families set to receive child tax credit payments

The federal government will begin dispersing monthly cash payments to low- and moderate-income families on July 15 as part of the child tax credit program included in the latest round of COVID relief. The rollout comes as the Federal Reserve paints a clearer picture of the current state of the economy, saying inflation will likely remain elevated in the coming months. CBS News reporter Sarah Ewall-Wice joins CBSN's Lana Zak with the details.

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