Bank of America CEO says U.S. economy is "really set to go"
Bank of America CEO Brian Moynihan says increased consumer spending is helping the U.S. economy rebound from the pandemic.
Economy
Face The Nation: Rice, Manchin, Moynihan
Missed the second half of the show? The latest on the former Secretary of State Condoleeza Rice input on the U.S. Capitol insurrection, Senator Joe Manchin opposing the For the People Act, the U.S. economy rebound from the pandemic and Vice President Kamala Harris first trip foreign trip.
Biden says U.S. "on the move again" as unemployment rate dips to pandemic low
The May report showed an uptick in hiring as the country added 559,000 jobs.
Many unemployed despite economic projections
The U.S job report comes out Friday morning as California is expected to have high economic growth post-pandemic. The recovery leaves many unemployed people hopeful for an uptick even if they haven't received the call into work yet.
"Shrinkflation" means consumers pay the same amount for less
As prices rise, packages are shrinking, masking cost hikes for buyers on everything from ice cream to pet food.
385,000 file for unemployment aid last week
The Labor Department said Thursday 385,000 people filed for unemployment last week, another pandemic low. Mark Hamrick, a senior economic analyst at Bankrate, joined CBSN's Tanya Rivero with more on the new numbers.
Hotels struggle to hire workers ahead of busy summer
A hotel in Phoenix said that it's overwhelmed with guests who have returned to enjoy the warm weather while its workers have either left the area or the industry altogether. CBS News correspondent Wendy Gillette reports.
Post-pandemic employment crunch
Businesses across the country say now that the post-pandemic economy is opening, they're having trouble finding enough workers. One resort in New Jersey says they're forced to close rooms despite the demand. Mola Lenghi reports.
Cruise ships set to sail again after shutdown
For more than a year, the coronavirus pandemic has forced the cruise ship industry to shut down, but there are signs of life with one major cruise ship set to sail next month. Elizabeth Palmer reports.
White House to propose $6 trillion budget
President Biden touted the country's economic growth during a speech in Cleveland, Ohio on Thursday. He's set to propose a $6 trillion dollar budget proposal for 2022 on Friday. CBSN Washington reporter Caitlin-Huey Burns, Politico White House correspondent Natasha Korecki, and Axios congressional reporter Alayna Treene join CBSN's "Red & Blue" anchor Elaine Quijano with more on that plus the latest on infrastructure negotiations, and the Senate battle over the January 6 commission.
Vaccinated consumers will fuel the economy's boom — just not quite yet
For now, it's spending by unvaccinated people that is rebounding the fastest, one study shows.
Biden orders intel report on COVID-19 origin
President Joe Biden is ordering U.S. intelligence officials to "redouble" efforts to investigate the origins of COVID-19, after a new report sparked questions about whether the virus could have originated in a Wuhan, China lab accident. CBS News chief White House correspondent Nancy Cordes joined CBSN to discuss.
Labor Department looks for solutions as states end unemployment benefits
An official told CBS News the federal government paying the benefits to some unemployed Americans directly is "pretty much off the table."
U.S. to invest billions in internet access
The federal government is looking to spend billions of dollars to improve broadband infrastructure across the U.S. An estimated 14.5 million Americans lack access to standard broadband, according to the Federal Communications Commission. CBS News' Sarah Ewall-Wice joins CBSN's Lana Zak to discuss how expanding broadband will work, and how it could impact the economy.
Tenants facing eviction put last hope in court hearings
Tenants facing eviction have a final chance to stay in their homes by arguing their case to a judge. A group of pro bono lawyers is helping them. Omar Villafranca reports from Texas.
New York City reopens after being COVID epicenter
New York City is back in business after once being the epicenter of the COVID-19 pandemic. Mola Lenghi takes a look at what restrictions have been lifted.
Firearm sales spike across the U.S
We've seen many products become popular during the pandemic including puzzles, home improvement items and exercise equipment. But one item continues to see record sales: firearms. CBS News' Chris Martinez reports.
Biden releases his 2020 income tax returns
President Biden and first lady Jill Biden released copies of their joint 2020 federal income tax return on Monday as millions of people across the country faced a filing deadline. The first couple reported a gross income of $607,336 last year and paid $157,414 in federal income taxes, which was an effective federal income tax rate of 25.9%. Read more here.
Community fears becoming COVID ghost town
Point Roberts, Washington is on the brink of becoming a ghost town, thanks to the COVID-19 pandemic. The U.S.-Canada border remains shuttered because of the virus, with no signs of reopening, which has crippled this small town's economy, and left residents wondering if they will ever get help to survive.
Biden touts economic relief efforts
President Biden addressed efforts to bolster the economy, including sending more that $350 billion to states and localities, helping families with child care and pushing back on Republican legislators' efforts to end enhanced unemployment insurance, among other steps. Watch the president speak from the White House on Monday.
Biden touts funding for cities and states as part of economic recovery
Administration officials argue the lackluster jobs report for April underscores the need for Congress to pass Mr. Biden's $4 trillion jobs and families plans.
Homebuyers facing challenges in hot market
A shortage of homes for sale continues to boost prices by double digits across the country. Those looking to buy are being pushed to extremes to win bids. CBS MoneyWatch reporter Aimee Picchi joins CBSN AM to discuss.
Kashkari says economy still "in a deep hole"
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, says the state of the U.S. labor market shows the economy is still "in a deep hole."
Commerce secretary: Economy has "long way to go"
Commerce Secretary Gina Raimondo says a less-than-stellar jobs report shows the U.S. has "a long way to go to recover from the pandemic."
Transcript: Commerce Secretary Gina Raimondo on "Face the Nation"
The following is a transcript of an interview with Commerce Secretary Gina Raimondo that aired Sunday, May 9, 2021, on "Face the Nation."
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