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.
White House declassifies info on secret FBI probe into Trump's firing of Comey
The FBI investigated whether President Trump acted as a Russian asset when he fired James Comey, a theory an administration official said wasn't backed up by evidence.
U.S. has used nearly all its stockpile of long-range missiles in Iran war, sources say
CBS News has previously reported that the U.S. has dwindling stockpiles of defensive interceptors and long-range missiles.
El-Sayed and Stevens in tight Michigan Democratic Senate primary contest
Tuesday's Michigan Democratic Senate primary race remains unsettled, with progressive Abdul El-Sayed holding onto a narrow lead over moderate Haley Stevens with votes still being counted.
Live
Progress made in Strait of Hormuz talks, Rubio says
The secretary of state said progress has been made in the Iran-Oman talks but that no final agreement has been reached, adding, "We're hoping that will happen very shortly."
Man carrying ammo arrested near Trump National Golf Course before president's visit
Federal authorities arrested a man who appeared to be monitoring security-planning activities at Trump National Golf Course in LA County ahead of the president's Southern California visit.
Rick Brattin wins Republican primary for Missouri seat redrawn to favor GOP
Trump-endorsed Rick Brattin won the GOP primary for Missouri's 5th Congressional District, CBS News projects, setting up a battle against an 11-term Democrat in a district that was made far more GOP-leaning.
Wesley Bell beats Cori Bush in Missouri Democratic House primary rematch
Rep. Wesley Bell on Tuesday beat former congresswoman Cori Bush in a heated primary in Missouri's 1st Congressional District, CBS News projects.
SpaceX rocket booster slams into moon, expected to leave large crater
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
Virginia's 2nd District to see rematch between Kiggans, Luria
Democrat Elaine Luria, who previously served four years in Congress, lost to Republican Rep. Jennifer Kiggans in 2022.
U.S.
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Live
Trump says Strait of Hormuz deal could happen as soon as today amid talks
President Trump told reporters Tuesday evening that an announcement on the Strait of Hormuz could happen today or tomorrow, following talks between Iran and Oman.
Rick Brattin wins Republican primary for Missouri seat redrawn to favor GOP
Trump-endorsed Rick Brattin won the GOP primary for Missouri's 5th Congressional District, CBS News projects, setting up a battle against an 11-term Democrat in a district that was made far more GOP-leaning.
Ollivant projected to win GOP primary in battleground Virginia district
Republican Douglas Ollivant will run against Democratic Rep. Eugene Vindman in November.
Idaho In-N-Out shooting victims remembered by loved ones: "She lit up a room"
Three people were killed and seven others were wounded in the Saturday attack in Twin Falls, Idaho. The gunman died of a self-inflicted gunshot wound, officials said.
State Department revokes visa of Brazil's ambassador to the U.S.
A senior State Department official said the visa would be reinstated immediately if Brazil grants diplomatic approval for President Trump's nominee for U.S. ambassador to Brazil, Daniel Perez.
MoneyWatch
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SpaceX shows strong growth in its first earnings report since IPO
Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7.8 billion, topping Wall Street forecasts.
Chipotle removes jalapeños linked to Minnesota salmonella outbreak
The restaurant chain said it pulled the peppers and replaced them with product from another grower amid a food-poisoning probe.
Dow soars 900 points on strong corporate profits, hopes of Iran deal
Stocks notched new record highs on Tuesday as oil prices dipped and companies reported healthy profits.
More adult children live at home now than during the pandemic
One woman in her mid-30s said her $60,000 annual income wasn't enough to cover all her bills after a breakup, leading her to move back home.
"Peanut butter" pay raises are out, as employers shift to merit hikes
Here's what employees can expect for a raise in 2027 as companies move away from broad-based pay increases.
Politics
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House Democrats targeting 12 new GOP districts, including Lauren Boebert's seat
With 90 days until the midterm elections, House Democrats are expanding the map of Republican-held congressional districts they believe they can potentially flip this fall.
Live
Trump says Strait of Hormuz deal could happen as soon as today amid talks
President Trump told reporters Tuesday evening that an announcement on the Strait of Hormuz could happen today or tomorrow, following talks between Iran and Oman.
White House declassifies info on secret FBI probe into Trump's firing of Comey
The White House has declassified information claiming the FBI probed whether President Trump acted as a Russian asset when he fired James Comey, a theory an administration official said wasn't backed up by evidence.
El-Sayed and Stevens in tight Michigan Democratic Senate primary contest
Tuesday's Michigan Democratic Senate primary race remains unsettled, with progressive Abdul El-Sayed holding onto a narrow lead over moderate Haley Stevens with votes still being counted.
Democratic Rep. Gluesenkamp Perez and Trump-backed Republican advance in Washington primary
Democratic Rep. Marie Gluesenkamp Perez and Republican state Sen. John Braun will advance to a general election in Washington's 3rd District, one of the most hotly contested House contests of this year, CBS News projects.
HealthWatch
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HealthWatch
Chipotle suspected in salmonella outbreak
At least 110 people have fallen ill from salmonella in Minnesota, the vast majority of whom reported having eaten at the Mexican chain Chipotle. Tom Hanson has the story.
Michigan reports 2 cyclosporiasis deaths
Two people have died of cyclosporiasis in Michigan, officials said Monday, as the state battles the worst outbreak of the disease in the country. Carter Evans has the details.
Michigan health officials report 2 deaths among cyclosporiasis cases
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
RFK Jr., Oz blame ACA enrollment drop on fraud, but experts cite rising costs
Rising premiums forced many people in Affordable Care Act plans to give up their coverage. But the Trump administration claims a huge drop in enrollment is almost entirely due to its fraud crackdown.
She went to "hell and back" for a diagnosis. Then her sister showed symptoms.
Megan Kaverman's weight gain, fatigue, high blood pressure and other symptoms were dismissed for years before she was diagnosed with a rare heart disease.
World
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Popular influencer shot dead during livestream outside restaurant
Cesar Gastelum, who had more than 600,000 followers on TikTok, was broadcasting with two friends when he was killed.
Live
Trump says Strait of Hormuz deal could happen as soon as today amid talks
President Trump told reporters Tuesday evening that an announcement on the Strait of Hormuz could happen today or tomorrow, following talks between Iran and Oman.
Video shows drone attacking a street vendor in Ukraine
Ukrainian President Volodymyr Zelenskyy says the footage shows how Russian soldiers "take pleasure in killing" civilians.
State Department revokes visa of Brazil's ambassador to the U.S.
A senior State Department official said the visa would be reinstated immediately if Brazil grants diplomatic approval for President Trump's nominee for U.S. ambassador to Brazil, Daniel Perez.
U.S. has used nearly all its stockpile of long-range missiles, sources say
CBS News has previously reported that the U.S. has dwindling stockpiles of defensive interceptors and long-range missiles.
Entertainment
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Entertainment
Stranger rescues band from car troubles
A kind stranger named Ernie helped rock band The Autumn Kings make it to their tour stop after their car broke down in Wisconsin. Matt Gutman reports.
Ariana Grande on her plans to take break
One day after announcing she'll step back from the spotlight after her tour ends, Ariana Grande spoke directly to fans at Monday night's show in Chicago. The singer said the decision was her own and "was made from a thoughtful and empowered place."
Jordan Roth talks "The Shards"
Tony Award-winning producer Jordan Roth talks about starring in the "The Shards" and describes what it was like to go from behind the scenes on Broadway to making his major on-screen acting debut.
Hollywood on hot streak at the box office
"Spider-Man: Brand New Day" leapt straight to the top of the box office this weekend. Its $360 million opening weekend debut is the biggest in U.S. history. Marlow Stern, chief correspondent at Variety, joins CBS News to discuss all the latest movie news.
"My Favorite Person" takes over socials
A social media trend encouraging users to share what they love about their favorite person is bringing light to TikTok and other platforms.
Technology
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SpaceX shows strong growth in its first earnings report since IPO
Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7.8 billion, topping Wall Street forecasts.
Top AI execs may meet with Trump officials
Top executives from leading artificial intelligence companies are set to meet with White House officials, according to media reports. Ian Krietzberg, an AI correspondent for Puck News, has more.
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.
Trump administration finalizes AI framework, official says
The order asks AI companies to share previews of powerful new models with the government before they are released to the public.
U.S. probes cyberattack on water systems
Lauryn Williams, the deputy director and senior fellow of the Strategic Technologies Program at the Center for Strategic and International Studies, joins to discuss the U.S. probe into Iran possibly targeting water systems in Michigan and Minnesota.
Science
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Science
Bezos, DiCaprio set up massive wildlife fund
Hollywood actor Leonardo DiCaprio and Amazon founder Jeff Bezos have announced a $200 million fund set to protect species on the brink of extinction. Carter Evans has the story.
Dramatic photos show lava spewing from Fuego volcano in Guatemala
Guatemalan officials on Monday began evacuating two villages near the Fuego volcano due to the ongoing eruption.
Rare footage of humpback whale birth captured on drone video
The footage is believed to be only the fourth complete humpback whale birth ever recorded on film anywhere in the world and the first-ever captured by drone.
Rare video shows humpback whale birth
A photographer operating a drone off the coast of Australia captured a humpback whale giving birth. It's believed to be the first time such a birth has been recorded by a drone.
How plants feel
Science shows us that, even though plants don't have brains, they seem to have a nervous system that responds to touch in remarkable ways. Robert Krulwich and puppeteer Barnaby Dixon explore the science of thigmomorphogenesis (the phenomenon of plants reacting to outside stimulae), a discussion that plants the seeds for a song.
Crime
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Popular influencer shot dead during livestream outside restaurant
Cesar Gastelum, who had more than 600,000 followers on TikTok, was broadcasting with two friends when he was killed.
Lindsay Clancy speaks in court for first time
Lindsay Clancy, the woman accused of first-degree murder in the deaths of her three children, spoke in court Tuesday. CBS News' Shanelle Kaul reports.
Lindsay Clancy testifies in court
Lindsay Clancy, the woman accused of killing her three young children in what her defense says was an episode of postpartum psychosis, testified in court for the first time on Tuesday as her trial progresses. Shanelle Kaul has more.
Idaho In-N-Out shooting victims remembered by loved ones: "She lit up a room"
Three people were killed and seven others were wounded in the Saturday attack in Twin Falls, Idaho. The gunman died of a self-inflicted gunshot wound, officials said.
Police actions in Guthrie case under scrutiny
The Wall Street Journal's Valerie Bauerlein joins CBS News to discuss her reporting on crucial missteps made by authorities in the days following the disappearance of Nancy Guthrie, mother of "Today" show host Savannah Guthrie.
Space
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SpaceX rocket booster slams into moon, expected to leave large crater
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Latest Galleries
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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.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
Michigan's Democratic Senate race closes out
Michigan, Missouri, Virginia, Kansas and Washington all held primaries Tuesday night, with much of the nation focusing on the Michigan Democratic Senate primary between Abdul El-Sayed and Rep. Haley Stevens. Major Garrett anchored CBS News' special report.
Dingell on Michigan Democratic Senate primary
Polls have closed in Michigan, where the heated Democratic Senate contest between Abdul El-Sayed and Haley Stevens is coming to a head. Democratic Rep. Debbie Dingell of Michigan joins CBS News to weigh in.
Stranger rescues band from car troubles
A kind stranger named Ernie helped rock band The Autumn Kings make it to their tour stop after their car broke down in Wisconsin. Matt Gutman reports.
Bezos, DiCaprio set up massive wildlife fund
Hollywood actor Leonardo DiCaprio and Amazon founder Jeff Bezos have announced a $200 million fund set to protect species on the brink of extinction. Carter Evans has the story.
DHS: Man dies in ICE custody in New Jersey
The Department of Homeland Security has confirmed the death of a detainee at a controversial immigration center in New Jersey. CBS News' Camilo Montoya-Galvez reports.