Here's how families plan to use their Child Tax Credit money
It was a choice between "back-to-school stuff or food" before the first government check arrived, one mom said.
Child Tax Credit
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.
Child Tax Credit: How much you'll get — and how to opt out
Questions abound about the new tax program, ranging from whether newborns can get checks to the impact of marital status.
Biden hosts German Chancellor Angela Merkel
On Thursday, President Biden hosted German Chancellor Angela Merkel for what's likely to be her last visit to the White House as the leader of Germany. CBS News correspondent Skyler Henry reports on what the two leaders discussed, then CBSN anchor Lana Zak and CBSN political contributor Sean Sullivan discuss how the two leaders reaffirmed the relationship between their nations, and America's newly enhanced child tax credit.
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.
Child Tax Credits land in families’ bank accounts
The IRS has begun distributing payments to eligible families with children under age 17 as part of the Child Tax Credit. Households will receive up to $300 a month for each child.
Biden celebrates "life-changing" Child Tax Credit payments as checks go out
Democrats push for payments to extend beyond 2021 as the first checks hit bank accounts July 15
Biden and Harris on Child Tax Credit payments
President Biden said it was a "historic day" as roughly $15 billion were distributed to the families of nearly 60 million children in the first monthly payments of the advanced Child Tax Credit. He and Vice President Kamala Harris spoke Thursday about the payments. Watch their remarks.
Biden urges Democrats to back budget plan
President Biden met with fellow Democrats on Capitol Hill to shore up support for a new $3.5 trillion budget plan that could include an expansion of new Child Tax Credit payments. Republicans won't back the plan, so every Senate Democrat needs to be on board in order for it to pass. CBS News senior White House and political correspondent Ed O'Keefe joined CBSN to discuss.
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.
Child Tax Credit: Here's when payments will hit accounts
IRS sending payments of up to $300 per child as part of the government's efforts to "supersize" stimulus aid.
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.
Democrats unveil $3.5 trillion budget
President Biden held a high-stakes meeting with Senate Democrats as he seeks support for a $3.5 trillion spending plan. Kris Van Cleave has the latest.
Budget deal, crime concerns, troop withdrawal
CBS News correspondent Natalie Brand, National Journal columnist Josh Kraushaar, and BuzzFeed News political reporter Kadia Goba join "Red and Blue" anchor Elaine Quijano to discuss Senate Democrats' $3.5 trillion budget deal, a new poll on concerns about rising crime, and how the White House says it will help those who assisted the U.S. during the war in Afghanistan.
How child care affects U.S. economic recovery
Millions of eligible families will receive the first in a series of monthly payments of the expanded Child Tax Credit this week, which could help parents and guardians struggling to pay for child care. Richard Weissman, CEO and founder of The Learning Experience, joined CBSN to discuss why child care is so crucial to the nation's economic recovery.
Biden to discuss nationwide gun violence surge
President Biden will focus on the recent surge in crime and deadly gun violence across the country during a high-stakes meeting Monday at the White House with Attorney General Merrick Garland, New York City mayoral candidate Eric Adams, local leaders and law enforcement officials. CBS News senior White House and political correspondent Ed O'Keefe joins CBSN with the latest developments.
Stimulus aid roundup: Here are benefits you might have missed
Some people may qualify for more stimulus cash than they realize, while other programs can offer surprise benefits.
Child Tax Credit: Here's who will get up to $1,800 per child in cash
The expanded tax credit isn't available to all parents, and some recipients may be asked to repay the IRS next year.
Understanding the new child tax credit plan
Millions of families will receive monthly cash payments thanks to the new child tax credit plan. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to explain who qualifies and how much they'll get.
Biden economic adviser talks Child Tax Credit
The Biden administration wants to raise awareness about the government's expanded Child Tax Credit, the monthly payments to families the administration is pushing to put in place long term. Heather Boushey, a member of the White House Council of Economic Advisers, joined CBSN to discuss how an extension would be paid for and how the program would affect child poverty.
Expanded child tax credit starts next month
The Biden administration will begin investing in low- and middle-income families through the expanded child tax credit program starting next month. Eligible parents with children under 18 will receive monthly payments this year to help with the cost of raising kids. CBS MoneyWatch reporter Aimee Picchi joined CBSN to discuss who is eligible and how much they'll receive.
White House press secretary on Biden's domestic agenda
Some of President Biden's key legislative priorities face tests this week, as lawmakers continue to negotiate an infrastructure plan, voting rights legislation and police reform. White House press secretary Jen Psaki joins "CBS This Morning" to discuss.
Democratss press forward with election reform vote
Senate Majority Leader Chuck Schumer will hold a procedural vote on Democrats' S1 or the "For the People Act" on Tuesday, despite opposition to the bill from Republicans and even members of the Democratic party. CBS News congressional correspondent Nikole Killion, Politico "Playbook" co-author Tara Palmeri and LA Times White House reporter Eli Stokols join CBSN's "Red and Blue" anchor Elaine Quijano with details on the battle over voting rights, the latest on infrastructure negotiations and a new poll that shows conservatives rallying behind Florida Governor Ron DeSantis over former President Trump.
#MoneyTok: The expanded child tax credit
President Biden's expansion of the child tax credit will put cash in the accounts of qualifying families every month, starting July 15. Here are the details.
Millions to receive 2021 child tax credit
A new IRS tool will help millions of low-income Americans file for their 2021 child tax credit. The monthly payments will begin July 15 and extend through the year. While Democrats are trying to make the current payments permanent, Republicans are looking to introduce their own version of the credit. CBS News reporter Sarah Ewall-Wice joined CBSN's Elaine Quijano to discuss.
A train ride, selfie and more: What DOJ says happened before press gala shooting
Cole Allen allegedly started planning the attack at the White House Correspondents' Dinner three weeks ago, a new court document filed by prosecutors says.
Supreme Court weakens Voting Rights Act, voiding Louisiana congressional map
The Supreme Court rule 6-3 in a decision that has implications for the scope of the landmark Voting Rights Act.
Live
Hegseth questioned over Iran war as official reveals costs so far
Defense Secretary Pete Hegseth is facing questions from lawmakers for the first time since the Trump administration launched its joint war with Israel against Iran.
Florida Legislature approves redistricting bill to give GOP up to 4 more seats
The votes happened hours after the Supreme Court narrowed a section of the Voting Rights Act that requires some states to create majority-minority districts.
Comey appears in court after his indictment for allegedly threatening Trump
Former FBI Director James Comey was indicted Tuesday for allegedly making threats against President Trump.
Exclusive
FEMA's disaster relief fund hits red zone ahead of hurricane season
FEMA's disaster relief fund has dropped below $3 billion, triggering Imminent Needs Funding, which means the agency must limit spending to only the most urgent, life-saving needs amid the partial government shutdown.
Supreme Court hears arguments over deportation shield for Syrians, Haitians
The Supreme Court heard arguments over the Trump administration's attempt to rescind Temporary Protected Status for 6,000 Syrian and 350,000 Haitian immigrants.
Investigation
How a company likened to a sex cult is lobbying Trump for pardons
OneTaste, a company in San Francisco that prosecutors likened to a sex cult, has embarked on a campaign to court allies of President Trump as it seeks pardons for its two convicted leaders, CBS News has learned.
Federal Reserve holds interest rates steady for third straight meeting
The Fed's April policy meeting is likely to be Jerome Powell's last as chair, with his term ending May 15.
U.S.
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A train ride, selfie and more: What DOJ says happened before press gala shooting
Cole Allen allegedly started planning the attack at the White House Correspondents' Dinner three weeks ago, a new court document filed by prosecutors says.
Federal Reserve holds interest rates steady for third straight meeting
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
Comey appears in court after his indictment for allegedly threatening Trump
Former FBI Director James Comey was indicted Tuesday for allegedly making threats against President Trump.
From a brooch to the queen's iPod: A history of gifts between U.S. and U.K.
King Charles surprised President Trump with the bell from the HMS Trump, a World War II-era British submarine, during this week's visit.
Hegseth faces questions on overall Iran war strategy
The war with Iran is now in its ninth week, and Congress is concerned about the reduction of global munition stockpiles and the ability to restock them.
MoneyWatch
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Federal Reserve holds interest rates steady for third straight meeting
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
TSA PreCheck offers discount to younger travelers. Here's what to know.
TSA is trying to encourage young travelers to enroll in its PreCheck program before summer travel kicks off.
Senate Banking Committee advances Kevin Warsh's nomination for Fed chair
Senators voted along partisan lines, with Republicans backing Warsh's nomination to lead the Fed and Democrats on the panel opposing him.
Man takes sister's exhumed body to bank in bid to get to her money
An Indian man dug up his sister's body and carried it to a bank branch to prove she was dead after being refused access to her account without a death certificate, the lender says.
Feds have rejected 15% of businesses' tariff refund claims
But after some early hiccups, the U.S. government's hub for businesses seeking tariff refunds is running smoothly, an expert says.
Politics
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A train ride, selfie and more: What DOJ says happened before press gala shooting
Cole Allen allegedly started planning the attack at the White House Correspondents' Dinner three weeks ago, a new court document filed by prosecutors says.
Comey appears in court after his indictment for allegedly threatening Trump
Former FBI Director James Comey was indicted Tuesday for allegedly making threats against President Trump.
Hegseth faces questions on overall Iran war strategy
The war with Iran is now in its ninth week, and Congress is concerned about the reduction of global munition stockpiles and the ability to restock them.
A WWII-era gift, historic speech and more highlights from King Charles' visit
Photos show some of the highlights as King Charles III and Queen Camilla with President Trump and first lady Melania Trump during an official state visit to Washington, D.C.
Exclusive
FEMA's disaster relief fund hits red zone ahead of hurricane season
FEMA's disaster relief fund has dropped below $3 billion, triggering Imminent Needs Funding, which means the agency must limit spending to only the most urgent, life-saving needs amid the partial government shutdown.
HealthWatch
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Beyond crisis lines: How broader suicide prevention helps people in need
A new approach to suicide prevention shifts the focus from stopping harm in moments of crisis to upstream policies that give people reasons to live.
Big companies position themselves for payday from $50B federal rural health fund
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
A 13-year-old's kidney was failing. Then a stranger stepped in.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
Ben Sasse is on extended time. He credits "providence, prayer and a miracle drug."
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
Exclusive
Johnson & Johnson to launch on TrumpRx with 4 of its prescription drugs
Drug-making giant Johnson & Johnson will officially start marketing four of its medications on the Trump administration's TrumpRx website on Friday, CBS News exclusively learned.
World
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Robot exploring France's deepest shipwreck finds cannons, ceramics
An army survey of the seabed uncovered the 16th-century merchant ship by chance in waters off the coast of France.
From a brooch to the queen's iPod: A history of gifts between U.S. and U.K.
King Charles surprised President Trump with the bell from the HMS Trump, a World War II-era British submarine, during this week's visit.
Hegseth faces questions on overall Iran war strategy
The war with Iran is now in its ninth week, and Congress is concerned about the reduction of global munition stockpiles and the ability to restock them.
9 people arrested in massive raids on religious sect in U.K.
Nine people were arrested in raids on the U.K. headquarters of the AROPL religious sect, on suspicion of modern slavery, forced marriage and sexual offenses.
U.S. captures alleged drug kingpin with $10 million bounty on his head
Eugenio Molina-Lopez is accused of heading up a gang that allegedly trafficked U.S.-bound cocaine from South America to Mexican cartels.
Entertainment
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Entertainment
Wilmer Valderrama on his 200th "NCIS" episode
As "NCIS" nears the highly-anticipated finale of season 23, it will also be star Wilmer Valderama's 200th episode on the show. He reflects on his time on the series and reveals the season finale will have "a lot of danger," adding, "we're setting a crazy tone for next season."
Reshaping the conversation about aging
Constance Zimmer, who co-hosts the podcast "Talk 50 to Me," talks about reframing the conversation among women about aging. The podcast features interviews with women in their 50s, talking about the realities of midlife.
FCC orders review of ABC broadcast licenses
The FCC has ordered an early review of the broadcast licenses for eight local stations owned by ABC. The move comes after President Trump and first lady Melania Trump demanded ABC fire late-night host Jimmy Kimmel. Ed O'Keefe reports.
FCC reviewing ABC licenses amid Kimmel feud
The Federal Communications Commission says it wants the Walt Disney Company to file for early license renewal for its television stations. The announcement comes one day after President Trump and the first lady called on ABC to fire late-night host Jimmy Kimmel. CBS News legal contributor Rebecca Roiphe joins with analysis.
FCC reviewing Disney licenses over DEI practices
One day after President Trump called on ABC to fire late-night host Jimmy Kimmel, the FCC said it will begin reviewing eight broadcasting licenses owned or managed by Disney due to the company's diversity policies. CBS News senior White House and political correspondent Ed O'Keefe has the latest.
Technology
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Technology
Legal battle between Elon Musk and Sam Altman
Elon Musk took the stand Tuesday in a trial against fellow billionaire Sam Altman that could change the future of AI. Musk accused the OpenAI co-founder of lying and stealing, adding that he has "extreme concerns" about AI and who controls it.
College students' killings latest case to rely on ChatGPT as evidence
OpenAI boss Sam Altman recently apologized after a teen who went on to kill eight people was banned from ChatGPT for violent activities but police were never alerted.
How AI powered robots are helping small farms
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.
Elon Musk testifies in OpenAI trial
Opening statements began on Tuesday in Tesla CEO Elon Musk's lawsuit against OpenAI co-founder Sam Altman. Maxwell Zeff, senior writer at Wired, joins with more.
Jury selection begins in Musk-Altman legal battle
Jury selection began Monday in the legal battle between tech leaders Elon Musk and Sam Altman. CBS News senior business and technology correspondent Jo Ling Kent has the latest.
Science
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Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Saving the Venus fly trap
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
From 1990: NASA launches Hubble Telescope
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
Crime
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Crime
Sexual wellness company lobbies for pardons
San Francisco-based sexual wellness company OneTaste is lobbying for clemency through allies of President Trump for its former CEO and founder, Nicole Daedone, and former head of sales Rachel Cherwitz, who were both sentenced to more than five years in prison for forced labor conspiracy. CBS News' Shanelle Kaul has more.
9 people arrested in massive raids on religious sect in U.K.
Nine people were arrested in raids on the U.K. headquarters of the AROPL religious sect, on suspicion of modern slavery, forced marriage and sexual offenses.
Details on shot fired at D.C. dinner
A gunshot fired during the Secret Service encounter with Cole Allen at the White House Correspondents' Dinner on Saturday may have hit an officer's cellphone placed in a bulletproof vest pocket, two sources tell CBS News' Nicole Sganga.
2 stabbed in London Jewish neighborhood
A man is in custody after two people were stabbed at a Jewish neighborhood of North London, according to British authorities. CBS News' Ramy Inocencio reports.
Secret Service protocols at D.C. dinner
Robert McDonald, a retired supervisory agent at the U.S. Secret Service, joins CBS News with his take on the security protocols during the White House Correspondents' Dinner.
Space
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SpaceX launches Falcon Heavy rocket carrying powerful satellite
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
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Who is Alix Tichelman?
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Latest CBS News Videos
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Latest CBS News Videos
King Charles, Queen Camilla visit NYC
King Charles III and Queen Camilla arrived in New York on Wednesday as part of their state visit, where they visited the 9/11 memorial. CBS News' Lilia Luciano and Dr. Nigel Fletcher, a political historian, join with more.
Doctor uses side hustle to pay student loans
Dr. Brandon Axelrod, an oral and maxillofacial surgery resident in New York City, found a creative way to pay off his massive student loan debt. CBS News' Jarred Hill has more.
Students stop bus after driver passes out
Middle school students in Missouri jumped into action after their bus driver suffered a medical emergency while driving on a four-lane highway. Tom Hanson reports.
Supreme Court weighs Trump deportation effort
The Supreme Court heard arguments over the Trump administration's efforts to end deportation protections for Haitian and Syrian nationals in the U.S. CBS News' Camilo Montoya-Galvez has the latest.
King Charles highlights U.S.-U.K. unity
King Charles III addressed Congress on Tuesday as part of his state visit and highlighted the importance of U.S.-U.K. unity amid recent tensions over the Iran conflict. Dr. Nigel Fletcher, a political and constitutional historian, joins with more.