Commerce secretary says economy has "long way to go" to recover from COVID
Employers added 266,000 jobs last month, according to the jobs report from the Department of Labor released Friday.
Economy
Open: This is "Face the Nation," May 9
Today on "Face the Nation," a surprisingly weak jobs report makes it clear: we're still digging our economy out of the deep hole created by COVID-19.
U.S. faces childcare shortage
Many companies are reopening their offices as vaccination rates climb and coronavirus cases drop nationwide. But parents who want to go back to work face a new problem: a childcare shortage. CBSN's Lana Zak spoke with ProPublica reporter Lizzie Presser about the nationwide childcare crisis that could impact the nation's economic recovery.
Biden responds to April jobs report
President Biden is trying to ease concerns about the nation's economic recovery after Friday's jobs report showed far fewer jobs were added to the economy than expected. CBS News senior White House correspondent Weijia Jiang joins CBSN's Lana Zak to discuss.
Jobs report sparks fear of slowing recovery
A disappointing jobs report ignited debate over unemployment benefits. President Biden argues the benefits are needed for the country's economic recovery, but Republicans say they encourage people to stay at home. Weijia Jiang shares more.
Biden argues economy improving despite April unemployment numbers
The U.S. gained 266,000 new jobs in April, falling far short of the 1 million economists expected.
Former ambassador to Mexico talks migration
Vice President Kamala Harris spoke Friday with Mexico's President Andres Manuel Lopez Obrador as the two countries seek solutions to the wave of immigrants coming from Central and South America. Antonio Garza, the U.S. ambassador to Mexico during President George W. Bush's administration, spoke with CBSN's Tanya Rivero about what he sees as the solutions to migration and economic issues.
Biden set to address April jobs report
President Joe Biden is gearing up to deliver remarks on the April jobs report, which showed the country added just 266,000 jobs in the month. This comes as he urges Congress to take up his infrastructure proposal. CBS News chief White House correspondent Nancy Cordes joins CBSN to discuss these and other developments.
Economists react to Biden's recovery plan
President Biden's latest economic recovery proposal, the American Families Plan, would invest nearly $2 trillion dollars in education and child care, but some economists worry massive government spending could heat up the economy too quickly, causing inflation to soar. Washington Post economics correspondent Heather Long joins CBSN's "Red & Blue" anchor Elaine Quijano with the details.
Las Vegas looking to bounce back post-pandemic
Las Vegas has seen a rise in visitors and unemployment numbers are starting to come down after the pandemic hit the Nevada city particularly hard. Business owners and residents are optimistic the city can recover once the pandemic is under control. Anna Werner reports.
Home prices see sharp surge
Home prices across the country have risen 17% from a year ago. Multiple factors have contributed to this including low interest rates, a work from home culture and young families. Michael George reports.
U.S. economy making a comeback
There are more signs that the U.S. economy is roaring back to life, and President Biden is proposing trillions of dollars in new government spending. CBS News senior business analyst Jill Schlesinger joins "CBS This Morning: Saturday" to discuss the economy and the president's plan.
Cruises to resume in U.S. waters this summer
The cruise industry's call to be allowed to sail again in U.S. waters has been answered. The ships bearing thousands of vacationing passengers can resume operations so long as the overwhelming majority of those on board are vaccinated against COVID-19, according to new guidance from the U.S. Centers for Disease Control and Prevention. CBS Los Angeles reports.
Biden to face fight over rescue plans
President Biden will try and sell his massive recovery plan to Congress. Nancy Cordes takes a look at how tough of a sell it's going to be.
New York to end curfew on bars, restaurants
New York State will end its midnight curfew on restaurants and bars in May, Governor Andrew Cuomo said Wednesday. The pandemic-era curfew will end on May 17 for outdoor dining and on May 31 for indoor dining. CBS New York's Natalie Duddridge reports.
Millions grappling with growing medical debt
The pandemic's high unemployment, loss of income and COVID-19 treatments are driving the trend.
Millions of tax refunds delayed
The IRS is holding 29 million tax returns for manual processing, delaying tax refunds for many Americans, according to the National Taxpayer Advocate Service, an independent arm of the tax agency that looks out for consumers' interest. Some taxpayers are fretting on social media about weeks of waiting for their money. CBS News Moneywatch reporter Aimee Picchi joins CBSN AM to talk about the delays.
Poll: Eye on Earth — can fighting climate change be good economics?
Americans weigh in on whether fighting climate change helps or hurts the economy.
Carolina Herrera's creative director on fashion post-pandemic
On "Facing Forward," Margaret Brennan talks with Carolina Herrera Creative Director Wes Gordon on fashion post-pandemic
15% of Americans report worse finances a year into pandemic
New data shows that 15% of Americans became financially worse off during the pandemic. And most of those impacted were already living below the federal poverty line. Joseph Minarik, senior vice president and director of research for the Committee for Economic Development, joins CBSN's Lana Zak to discuss.
Dow passes 34,000 as U.S. economy regains signs of life and normalcy
Thanks to COVID-19 vaccinations and massive economic stimulus, Wall Street expectations are high for a pandemic rebound.
Stopping the Virus, The Economic Emergency, A Populist Movement
Scientists rush to develop a novel coronavirus vaccine; Then, Fed official uncertain how economy will fare during the coronavirus crisis; And, why Hungary is paying its citizens to start families
Critical Condition, Talking to the Past
Struggling in a coronavirus-ravaged economy; And, Holocaust survivors will be able to share their stories after death thanks to a new project
Stimulus could create millions of public jobs
Many people with jobs affected by the pandemic may soon be returning to work. President Joe Biden's $1.9 trillion stimulus package will also help create millions of new jobs for those in the public sector who were furloughed or laid off. State and local governments are hoping these new opportunities will bring jobs numbers back to pre-pandemic levels. CBS News reporter Sarah Ewall-Wice joined CBSN's Elaine Quijano to discuss.
ArcLight Cinema and Pacific Theatres close
Both Pacific Theatres and Arclight Cinemas will close their doors permanently after heavy losses during the COVID-19 pandemic left the theatres without "a viable way forward," according to a statement. CBS Los Angeles has the details. Read more here.
Abdul El-Sayed, Mike Rogers make final pitch to Michigan voters
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U.S. sanctions push Cuba to the brink, with healthcare at risk
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Trump says Iran war will be put away very soon, "one way or the other"
