Coronavirus recession was shortest and steepest ever
The deepest recession to hit the United States economy officially ended in April 2020, just two months after it began.
Economy
Tourism returns to Italy
The pandemic crippled Italy's tourism industry, first with a national lockdown, then with a ban on Americans. Now, tourists are roaring back to places like Rome and Venice. Chris Livesay reports.
Texas man searching for job shares his story
More than 13.8 million people across the country are still receiving some sort of unemployment assistance, according to the latest data from the Labor Department. While experts are touting the success of the economic rebound, some unemployed Americans are worried about the end of pandemic-related assistance programs in September. Joseph Hare, an unemployed Texas resident struggling to find work, spoke with CBSN's Tanya Rivero about his experiences.
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.
Cubans protests against economic hardship
President Biden is pledging his support for the people in Cuba, as thousands rallied across the country protesting food shortages and high prices amid the coronavirus pandemic. CBS news producer Portia Siegelbaum, in Havana, joins Tanya Rivero on CBSN to discuss the latest developments
Steps Democrats could take on voting rights
President Joe Biden heads to Philadelphia on Tuesday to discuss voting rights, as Democrats and civil rights activists look to combat Republican-led changes to state voting laws. The Reverend Dr. William Barber, co-chair of the antipoverty group Poor People's Campaign, spoke with CBSN's Tanya Rivero about what Democrats can do to ensure voting access for people of color and lift them out of poverty.
Biden signs order promoting economic competition
President Biden signed an executive order on Friday promoting economic competition, which will give his administration the power to crack down on some businesses who use monopolizing practices. Jeff Stein, an economics reporter for The Washington Post, joins CBSN's Lana Zak to discuss.
Biden presses Putin to crack down on cyberattacks
President Biden issued a warning to the Russians after he spoke with President Vladimir Putin about ransomware attacks. Weijia Jiang reports.
Biden defends plan for Afghanistan withdrawal
All U.S. troops will be out of Afghanistan by the end of August, even though the Taliban has. been gaining ground across the war-torn country. President Biden defended his accelerated timeline for America's military withdrawal during a speech yesterday. CBS News foreign correspondent Charlie D'Agata reports from Kabul, and CBS News chief White House correspondent Nancy Cordes joins CBSN with more on that plus other issues on Mr. Biden's agenda including voting rights and economic competition.
Global computer chip shortage plagues manufacturers
A global shortage of computer chips has been a disruptive side effect of the COVID pandemic. Carter Evans has more on what's been affected.
Breaking down June jobs report numbers
The U.S. Labor Department reports the country added 850,000 jobs in June. BancAlliance Co-President Lori Bettinger joins CBSN with more.
Latest jobs report, ongoing economic recovery
The nation added a better-than-expected 850,000 jobs in June, though the overall unemployment rate edged up slightly to 5.9%. CBS News Senior Business Analyst Jill Schlesinger joins “CBS This Morning: Saturday” to talk about the jobs numbers and the ongoing economic recovery.
Barclays economist on "healthy" jobs report
As the U.S. reopens, job growth is picking up -- the country added 850,000 jobs last month, according to the Labor Department's latest report. However, unemployment rose to 5.9%. Barclays chief U.S. economist Michael Gapen joined CBSN to discuss the latest numbers.
Biden offers comfort to Surfside families
President Biden met with families impacted by the condo collapse in Surfside, Florida, on Thursday as rescue crews resumed search efforts. More than 140 people remain unaccounted for. CBS News correspondent Omar Villafranca reports from Surfside, and CBS News correspondent Christina Ruffini joined CBSN from the White House to explain how the State Department is stepping in to assist.
Why some families got a bigger stimulus check
The IRS on Tuesday said it has sent almost $390 billion in direct aid to about 164 million U.S. households. Households in Utah have received the largest stimulus checks in the third round of direct payments with an average windfall of $2,784.
Federal deficit to hit $3 trillion, report says
The agency also announced it expects inflation to rise sharply this year before leveling off.
Small businesses boom after the pandemic
The U.S. is seeing a boom in new small businesses despite the economic and health care challenges the country has faced over the past year. John Haltiwanger, a professor in the economics department at the University of Maryland, joined CBSN to discuss his latest research on the boom.
Tensions rise over Puerto Rico statehood
CBSN Originals takes a look at the growing economic inequality and the divide over whether statehood is the solution in its new documentary, "Fighting for Paradise: Puerto Rico's Future." Manuel Natal Albelo, leader of the Movimiento Victoria Ciudadana political party in Puerto Rico, joins CBSN AM with more.
Extreme weather raises economic concerns
The rise of extreme weather conditions is posing harm to businesses who may not be financial prepared. In 2020, extreme weather cost the insurance industry over $70 billion, according to The Demex Group. Stephen Bennett, co-founder and chief product officer of The Demex Group and chairman of the American Meteorological Society's Committee on Financial Weather and Climate Risk, joins CBSN's Lana Zak with more on how businesses can prepare for these potential risks.
Differing visions of Puerto Rico's future
CBSN Originals' new documentary "Fighting for Paradise: Puerto Rico's Future" explores the growing economic inequality in Puerto Rico and the divide over whether statehood is the solution. CBS News correspondent Lilia Luciano joins Tanya Rivero to discuss the island's economy and differing visions of its path forward.
Americans are quitting their jobs at record pace, report says
A new report shows that nearly four million Americans quit their jobs in April, which is the highest quit rate in 20 years. Social psychologist Dr. Ron Friedman joined CBSN's Lana Zak to discuss what people should look out for as they consider switching careers.
Federal unemployment expires in nine states
More than half of states are ending the federal government's $300-per-week unemployment bonus months before the scheduled phaseout on September 6. CBS MoneyWatch's Aimee Picchi spoke with CBSN's Tanya Rivero about the impact this is having on everyday workers.
The economic disparities Black Americans face
A new report details the economic disparities Black Americans face. The report by McKinsey and Company found 19% of Black families in the U.S. have a negative net worth and revealed a wage gap in the billions and a revenue gap for Black-owned businesses of more than a trillion dollars. Shelley Stewart III, a partner at McKinsey, where he leads the Institute for Black Economic Mobility, spoke with Anne-Marie Green and Vladimir Duthiers on CBSN about the main findings in the report, titled "The economic state of Black America."
CBS News poll finds optimism about jobs
A new CBS News poll finds that Americans are optimistic about jobs in their area as the economy reopens. The pandemic has prompted some to think about the possibility of major life changes, including changing jobs, moving or permanently working remotely. CBS News elections and surveys director Anthony Salvanto joins CBSN to break down the data.
Experts discuss post-pandemic hiring boom
The U.S. economy added 559,000 jobs in May and that number is expected to grow this summer. Lavare Bland, CEO of Kandidate - North America, and Karin Kimbrough, LinkedIn's chief economist, joined CBSN's Lana Zak for the MoneyWatch special "Employment in America: A Shifting Workforce" to discuss the post-pandemic job market.
Senate reaches deal ahead of shutdown deadline to fund government, continue ICE talks
The deal comes ahead of the Saturday shutdown deadline, but it will also need the approval of the House, which isn't scheduled to return until Monday.
Trump says he's announcing new Fed chair nominee tomorrow morning
President Trump says he will announce his nominee for Federal Reserve chair Friday morning, as he presses the central bank to cut interest rates.
Prosecutors in Minneapolis say more could resign over handling of shootings
Prosecutors expressed concern to a U.S. attorney that they weren't allowed to probe the federal officers who shot and killed Renee Good or Alex Pretti, sources said.
Live
Border czar Homan speaks in Minnesota: "I'm staying till the problem's gone"
Border czar Tom Homan gave his first news conference Thursday morning since arriving in Minnesota at the request of President Trump.
Man arrested for impersonating FBI agent to try to free Luigi Mangione
A man was arrested on Wednesday for allegedly impersonating an FBI agent and trying to free Luigi Mangione.
Former deputy convicted of killing Sonya Massey gets 20 years in prison
Sean Grayson, who was found guilty of second-degree murder in the Sonya Massey shooting last year, is being sentenced in Springfield Thursday.
The U.S. dollar just fell to its lowest level in 4 years. Here's why.
The greenback has slumped as investors "Sell America." Several factors explain why the dollar is shedding value.
Severe cold persists as forecasters track another potential East Coast storm
Maps show where the next blast of Arctic air and a potential winter storm are expected to travel this weekend, according to the latest forecast models.
4 people shot, 2 killed in Mount Airy, North Carolina
The North Carolina State Bureau of Investigation said the SBI and Surry County Sheriff's Office are investigating. Two of the four people who were shot have died. The condition of the other two people is unclear.
U.S.
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4 people shot, 2 killed in Mount Airy, North Carolina
The North Carolina State Bureau of Investigation said the SBI and Surry County Sheriff's Office are investigating. Two of the four people who were shot have died. The condition of the other two people is unclear.
Prosecutors in Minneapolis say more could resign over handling of shootings
Prosecutors expressed concern to a U.S. attorney that they weren't allowed to probe the federal officers who shot and killed Renee Good or Alex Pretti, sources said.
The No. 1 skill employers are looking for, according to a LinkedIn expert
Job seekers can raise their chances of landing a position by highlighting a particular kind of work experience, says LinkedIn career expert Catherine Fisher.
Family shelters newborn calf inside amid extreme cold: "She was just frozen"
A Kentucky family battling extreme cold temperatures on their farm over the weekend opened their home to a newborn calf that was struggling in the deep freeze.
First Brands founder Patrick James, brother Edward indicted for fraud
The James brothers face charges of conspiracy to commit money laundering, bank fraud and wire fraud.
MoneyWatch
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The No. 1 skill employers are looking for, according to a LinkedIn expert
Job seekers can raise their chances of landing a position by highlighting a particular kind of work experience, says LinkedIn career expert Catherine Fisher.
First Brands founder Patrick James, brother Edward indicted for fraud
The James brothers face charges of conspiracy to commit money laundering, bank fraud and wire fraud.
Uber looks to cash in on self-driving cars — but not by driving them
The rideshare company is getting into the business of providing real-world driving data to autonomous vehicle developers. Here's why.
The U.S. dollar just fell to its lowest level in 4 years. Here's why.
The greenback has slumped as investors "Sell America." Several factors explain why the dollar is shedding value.
Health care costs top Americans' list of financial worries, poll finds
Americans are more stressed out about their health care costs than they are about affording groceries or housing.
Politics
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Trump says he's announcing new Fed chair nominee tomorrow morning
President Trump says he will announce his nominee for Federal Reserve chair Friday morning, as he presses the central bank to cut interest rates.
Senate reaches deal ahead of shutdown deadline to fund government, continue ICE talks
The deal comes ahead of the Saturday shutdown deadline, but it will also need the approval of the House, which isn't scheduled to return until Monday.
Prosecutors in Minneapolis say more could resign over handling of shootings
Prosecutors expressed concern to a U.S. attorney that they weren't allowed to probe the federal officers who shot and killed Renee Good or Alex Pretti, sources said.
Troop deployments to U.S. cities cost nearly half a billion dollars in 2025
The Congressional Budget Office estimated deployments in 2025 to the cities of Los Angeles, Washington, D.C., Memphis, Portland, and Chicago cost nearly half a billion dollars.
As Trump pressures Iran with "armada," Mideast allies urge him not to strike
Mideast allies including Turkey, Oman and Qatar are attempting to head off the possibility of U.S. strikes by brokering diplomatic talks.
HealthWatch
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Life expectancy in U.S. hit record high of 79 years in 2024, CDC says
U.S. life expectancy rose to 79 years in 2024 - the highest mark in American history. But the U.S. still ranks below dozens of other countries.
Gerber recalls some arrowroot biscuits over potential plastic, paper pieces
The recall affects several batches of the 5.5-ounce Gerber Arrowroot Biscuits, the FDA said.
South Carolina measles outbreak now larger than Texas' in 2025, new data shows
South Carolina's measles outbreak has grown to include 789 cases. A West Texas outbreak last year sickened 762 people.
Trump policies at odds with emerging understanding of COVID's long-term harm
Studies offer insights into the health risks and burdens faced by people who have had COVID infections. Meanwhile, the Trump administration has narrowed COVID vaccine recommendations and cut research.
Pediatrics group releases vaccine recommendations, breaks with CDC
The AAP is recommending immunization against 18 diseases. Earlier this month, the CDC reduced its recommendations for childhood vaccines to 11 diseases.
World
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Gymnast Jordan Chiles granted appeal in Olympic bronze medal ruling
A gymnastics medal disputed by the United States and Romania at the 2024 Paris Olympics is heading for a fresh legal review in a Swiss court.
Scientists "quite surprised" to find one polar bear population thriving
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.
Why Trump's threatening to punish Iraq if a former leader is reelected
Trump says if former Prime Minister Nouri al-Maliki is reelected, the U.S. "will no longer help Iraq." Here's what's behind the intervention in Iraq's democracy.
Indonesian couple caned for sex outside marriage and drinking alcohol
The Sharia police chief in Indonesia's Banda Aceh province is unapologetic about the latest canings, imposed for behavior he said, "tarnishes our name."
Small plane crash in Colombia kills all 15 passengers, including lawmaker
Authorities say a small plane has crashed in a rural area of Norte de Santander province in northeast Colombia, killing all 15 people on board.
Entertainment
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Entertainment
Alex Warren on journey to music career
Alex Warren's hit song "Ordinary," a love letter to his wife, became Billboard's song of the summer in 2025. He spoke to "CBS Mornings" about his music journey and the challenges that came along the way, including losing his father to cancer at a young age. Natalie Morales reports.
Longtime high school band director wins 2026 Music Educator Award
"CBS Mornings" reveals Jennifer Jimenez, a longtime high school band director in Miami, is the winner of the prestigious 2026 Music Educator Award.
Ralph Macchio looks back on playing "The Karate Kid"
On Jan. 29, 2026, the Library of Congress named "The Karate Kid" – a beloved 1984 tale of a young boy learning important life lessons from his mentor, a martial arts instructor – to the National Film Registry, to be preserved for future generations. In this 2024 interview with "Sunday Morning" correspondent Lee Cowan, "Karate Kid" star Ralph Macchio talked about auditioning for the role; his relationship with co-star Pat Morita, who played Mr. Miyagi; and why he believes the film has resonated with audiences.
New batch of movie classics added to National Film Registry
Among the 25 films selected by the Library of Congress to be preserved for future generations are "The Big Chill," Wes Anderson's "The Grand Budapest Hotel," the Civil War drama "Glory," and John Carpenter's "The Thing."
Bruce Springsteen releases new song, "Streets of Minneapolis"
Bruce Springsteen has released a song in honor of Alex Pretti and Renee Good titled "Streets of Minneapolis."
Technology
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Uber looks to cash in on self-driving cars — but not by driving them
The rideshare company is getting into the business of providing real-world driving data to autonomous vehicle developers. Here's why.
New AI features for Gmail users
This month, Google launched a suite of new features for Gmail. Google's AI assistant, Gemini, can now filter through junk, summarize an inbox and even help users write emails. Blake Barnes, Gmail vice president of product, joins CBS News to discuss.
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.
Analysts say Starlink may have guided Russian drones into a Ukrainian train
As Ukraine accuses Russia of terrorism with a deadly strike on a train, some defense analysts believe Elon Musk's Starlink may have guided the killer drones.
TikTok's new privacy policy is sparking a backlash. Here's what to know.
Some TikTok users are raising questions about the app's new terms and conditions after the social media platform's split from its China-based parent.
Science
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Scientists "quite surprised" to find one polar bear population thriving
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.
Mysterious dark matter seen in new map of distant galaxies
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.
Cow develops technique to scratch herself
"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.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Crime
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4 people shot, 2 killed in Mount Airy, North Carolina
The North Carolina State Bureau of Investigation said the SBI and Surry County Sheriff's Office are investigating. Two of the four people who were shot have died. The condition of the other two people is unclear.
Man testifies he didn't plot wife's killing
A man accused of double homicide in Virginia returned to the stand on Thursday as he testified that he did not plot to kill his wife despite having an affair with his family's au pair. CBS News correspondent Shanelle Kaul has the details.
Man allegedly tried to free Luigi Mangione
A man armed with a "barbeque type fork" allegedly tried to free Luigi Mangione by impersonating an FBI agent on Wednesday night. CBS News legal reporter Katrina Kaufman has the latest.
Man arrested for allegedly impersonating FBI agent to try to free Luigi Mangione
A man was arrested on Wednesday for allegedly impersonating an FBI agent and trying to free Luigi Mangione, according to federal court filings and a law enforcement source.
Details on Sean Grayson's 20-year sentence
Sean Grayson, the former Illinois deputy convicted of killing Sonya Massey in 2024, has received a maximum sentence of 20 years in prison. CBS News correspondent Karen Hua has more.
Space
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Artemis II crew undergoes intense training for rare moon mission
For months, the Artemis II crew and flight controllers have been simulating malfunctions to prepare for their upcoming trip around the Moon.
Inside Artemis II astronauts' training
NASA is preparing for its first crewed mission around the moon in more than 50 years. The Artemis II astronauts include three Americans and one Canadian on a 10-day flight. Mark Strassmann got a look at how they're training.
Mysterious dark matter seen in new map of distant galaxies
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.
More on Virgin Galactic all-female space crew
Virgin Galactic is sending an all-female research team to space. Kellie Gerardi, who is leading the crew, joins "CBS News 24/7 Mornings" to discuss the goals of the mission.
NASA's Artemis II mission clears big hurdle
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
Latest Galleries
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Notable Deaths in 2025
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
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Trump to announce new Fed Chair pick Friday
President Trump on Thursday night said he will announce his pick to lead the Federal Reserve on Friday morning. Current Fed Chair Jerome Powell is set to exit the role in May.
Monks' walk for peace captures national attention
In October of last year, a group of Buddhist monks gathered in Fort Worth, Texas, and started a 2,300-mile walk for peace. "CBS Evening News" anchor Tony Dokoupil has the story of what happened next.
Man accused of double murder, affair with nanny
Former IRS special agent Brendan Banfield is accused of staging a double murder to kill his wife and frame a stranger -- all while having an affair with his family's live-in nanny. Elaine Quijano is following the case.
Sonya Massey family reacts to ex-deputy's sentence
Sean Grayson has been sentenced to 20 years in prison for the murder of Sonya Massey in Sangamon County, Illinois, in 2024. Jericka Duncan has details and new reaction from Massey's family.
Fulton County officials defiant after FBI raid
Fulton County officials were defiant a day after FBI agents raided the county's election hub, hauling away 700 boxes that contained ballots from the 2020 election, along with private voter data. Skyler Henry has more.