Economic fallout from pandemic disproportionately hits Latinas
Latinas have been especially hard hit by the pandemic, with many having their children as their only lifeline.
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Latinas have been especially hard hit by the pandemic, with many having their children as their only lifeline.
This Saturday, the House of Representatives passed President Biden's new $1.9 trillion dollar coronavirus economic relief bill, although without bipartisan support. The bill now goes to the Senate for approval. Christina Ruffini has more.
President Biden's $1.9 trillion coronavirus relief package is expected to pass the House Friday, but the final version of the legislation won't include a provision raising the federal minimum wage to $15 an hour. The Senate's parliamentarian ruled senators cannot vote on the bill with the minimum wage increase in it using the simple-majority reconciliation process. Democratic Michigan Congresswoman Haley Stevens joined CBSN to discuss the relief bill and the proposed wage hike.
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The House Budget Committee advanced President Biden's $1.9 trillion relief bill on Monday, setting up a floor vote this week.
The payments are part of a broader aid package the state Legislature approved Monday.
With the U.S. economy still suffering the effects of the pandemic, President Biden is pushing ahead with his coronavirus relief plan. Mr. Biden is committed to sending relief checks, but Republicans oppose a measure in the bill to raise the minimum wage to $15 an hour. Christina Ruffini reports.
Millions of Americans are still struggling to find work during the pandemic. But one idea gaining traction among some lawmakers and economists is for the federal government to provide jobs. New York Times economics reporter Eduardo Porter joined CBSN's Lana Zak to discuss the potential measure, which was previously implemented during the Great Depression.
One way the Biden administration says it's planning to help the nation's economy during the pandemic is by investing billions of dollars to revive U.S. manufacturing. Noam Scheiber, labor and workplace reporter for The New York Times, joins CBSN's "Red & Blue" anchor Elaine Quijano with a breakdown of the proposal as well as bipartisan concerns over China's industrial ambitions.
The Labor Department reports 861,000 Americans filed new unemployment claims the week ending February 13. Frances Stacy, director of portfolio strategy at Optimal Capital, joins CBSN to explain what the latest numbers mean for the state of the economy.
While the U.S. economy shrank by 3.5% last year, the U.K. economy contracted by nearly 10%.
Like many nations, the United Kingdom has been hit hard by COVID-19. Along with the tragic loss of life, there has been economic devastation. The U.K. government said the country is facing its worse recession since the Great Frost of 1709. Holly Williams reports.
The coronavirus pandemic is weighing especially hard on women, who have lost their jobs or given them up to take care of children who are remote learning. Adriana Diaz reports for CBS News' series Women and the Pandemic.
Top Senate Democrats met with President Biden on Wednesday to discuss his COVID stimulus plan and the possibility of a compromise. Mr. Biden said he's confident the bill will have Republican support despite little public evidence. Ed O'Keefe reports.
Senate Democrats hope to finish crafting details on the comprehensive COVID relief bill within the next two to three weeks — and want it on President Biden's desk by early March. Ed O'Keefe reports.
The summary said North Korea "produced fissile material, maintained nuclear facilities and upgraded its ballistic missile infrastructure" in the last year.
The coronavirus pandemic took a toll on many businesses across the country. Still, census data showed a significant increase of small business applications in 2020. CBS MoneyWatch reporter Irina Ivanova joins CBSN's Elaine Quijano to explain.
President Joe Biden sits down with "CBS Evening News" anchor and managing editor Norah O'Donnell ahead of Super Bowl LV for his first network interview since taking office.
Details are coming into focus in President Biden's $1.9 trillion COVID relief bill — including an increased tax credit for families with young children. Weijia Jiang reports.
Treasury Secretary Janet Yellen says she is "afraid that the job market is stalling."
"I'm afraid the job market is stalling," Yellen said.
The following is a transcript of an interview with Treasury Secretary Janet Yellen that aired Sunday, February 7, 2021, on "Face the Nation."
In an exclusive interview with CBS News, President Biden discusses a wide range of topics including the next coronavirus relief plan, former President Trump, and his son Hunter's struggle with drug addiction. Christina Ruffini has more with a preview of the interview, which will air prior to Super Bowl LV.
President Biden signed an executive order on his first day in office canceling the Keystone XL Pipeline. It angered many Republicans and the nearly 1,000 workers who have been laid off as a result. CBS News climate and energy reporter Cara Korte joined CBSN's Lana Zak to discuss the impact the decision had on the laid-off workers.