"We are a long way from a full recovery," Fed's Powell says
Policymakers say how quickly the economy rebounds hinges on the course of the pandemic and pace of vaccinations.
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Policymakers say how quickly the economy rebounds hinges on the course of the pandemic and pace of vaccinations.
The Senate on Monday confirmed Janet Yellen as treasury secretary by a 84 to 16 vote. She is the first woman to lead the department in its 230-year history. CBSN's Elaine Quijano reports.
President Joe Biden signed an executive order Monday directing the federal government to increase its purchases of U.S.-made goods and removing loopholes in the process. Watch his remarks explaining the changes.
Former Democratic presidential candidate Andrew Yang recently announced his bid to become mayor of New York City. Yang joins CBSN's Lana Zak to share his vision for the city, and how he believes he can "speed up" its post-COVID comeback.
President Biden focused on the economy on his second full day in office. CBSN political reporter Caitlin Huey-Burns and Joe Minarik, the senior vice president and director of research for the Committee for Economic Development, join CBSN with analysis of the latest executive orders.
In his first three days in office, President Biden has signed nearly 30 executive orders. The bulk of the actions focus on two of his administration's top priorities: the coronavirus pandemic and the economic crisis which has followed. Ashley Allison is a former senior adviser for Mr. Biden's transition team. She joins CBSN to discuss Mr. Biden's first days in office and the administration's plans going forward.
Frustrations are mounting nationwide as vaccination sites close or cancel appointments as the vaccine supply runs dry. Danya Bacchus has more.
Through additional financial relief plans, faster vaccine distributions, and clear public messaging, the Biden administration is pledging to tackle the coronavirus pandemic. Skyler Henry has more on the Biden administration's efforts.
President Biden has signed two executive orders in an effort to help Americans who are struggling economically during the coronavirus pandemic. Nancy Cordes has more.
At a White House briefing Friday, National Economic Council director Brian Deese said "decisive action" is needed to avoid "falling into a very serious economic hole" amid the coronavirus pandemic. Watch a portion of his remarks.
President Biden announced a series of measures to ease the economic burden of the coronavirus pandemic, including more federal food assistance and streamlining the delivery of stimulus checks. Watch his remarks.
A new study from researchers at the University of California, Los Angeles say a national mask mandate could potentially save the U.S. economy $1 trillion. CBS News MoneyWatch reporter Aimee Picchi joined CBSN to break down how that could be the case and discuss economic fallout from the coronavirus.
More than 1.3 million people in the United States applied for unemployment aid last week, the final full week of data for the Trump administration. Washington Post economics correspondent Heather Long joins CBSN's "Red & Blue" host Elaine Quijano to discuss how President Biden wants to pass his $1.9 trillion economic relief bill.
But experts and the U.S. Chamber of Commerce also say a national push for Americans to cover up is a "no-brainer."
The Labor Department weekly unemployment claims report shows another 900,000 people filed for unemployment for the first time last week. That's slightly down from the 926,000 who filed jobless claims the previous week. Melissa Armo, the owner and founder of The Stock Swoosh, joins CBSN with a breakdown of what these numbers mean.
CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" host Elaine Quijano to discuss the "big" actions Janet Yellen wants to see done by the Treasury Department if she is confirmed as secretary by the incoming Biden administration.
Inspired by the food shortage resulting from the coronavirus pandemic, 8-year-old Morgan Marsh McGlone of Madison, Wisconsin, started a virtual lemonade stand to raise money for a local food charity that lets people pay what they can. Meg Oliver shares her story.
President-elect Joe Biden's team has released its plan for the first 10 days of the new administration. CBS News White House correspondent Weijia Jiang joins CBSN AM to talk about his top priorities.
President-elect Joe Biden is pledging to fix the United States' slow coronavirus vaccine rollout. CBS News senior White House and political correspondent Ed O'Keefe spoke with CBSN's Elaine Quijano about what the incoming Biden administration plans to do.
President-elect Joe Biden on Thursday released a $1.9 trillion spending plan aimed at tackling the coronavirus pandemic and its economic toll. As Weijia Jiang reports, the package would include $1,400 stimulus checks for Americans, $400 a week in federal unemployment benefits, and an increase to the child tax credit.
President-elect Joe Biden addressed the nation on Thursday night to outline his coronavirus economic recovery plan — and pledged to ramp up vaccinations against COVID-19. He also urged that there should be a national minimum wage of $15 per hour. Watch his remarks.
President-elect Joe Biden is unveiling a coronavirus relief package proposal worth $1.9 trillion. The plan includes $1,400 direct payments for individuals on top of the $600 stimulus checks Congress passed last year, and funding for a national vaccination program. CBS News political reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" anchor Elaine Quijano with the details.
President-elect Joe Biden will detail how he plans to address the economic crisis through stimulus checks, unemployment benefits and improving the vaccine rollout. Weijia Jiang reports.
About 965,000 people filed unemployment claims in the first week of January 2021. Lori Bettinger, co-president of Alliance Partners and president of BancAlliance, joins CBSN to discuss what it will take to improve the economy.
Democratic sweep in the Georgia Senate runoff elections opens door for another round of stimulus checks.
Lindsey Vonn came out of retirement to compete in the 2026 Milano Cortina Winter Games.
Savannah Guthrie released a new video on Saturday, saying her family is willing to pay for the safe return of their mother.
Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media.
Here's how much Bad Bunny is expected to earn from his halftime performance at Super Bowl LX.
Breezy Johnson took the lead early on after flying down the mountain in 1:36.10. It is her first-ever Olympic medal.
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Will Lewis, CEO and publisher of the Washington Post, has resigned just three days after the storied newspaper laid off about one-third of its staff.
Former House Speaker Nancy Pelosi plans to endorse Jack Schlossberg, John F. Kennedy's grandson, a source familiar confirmed to CBS News.
As the Seahawks prepare to face the Patriots in the 2026 Super Bowl, here's what to know about Seattle's past appearances, wins and losses.
The New England Patriots are back in the Super Bowl once again in 2026, hoping to add another ring to their list of wins. Here's a look back at their appearances, losses, how many they've won, and more.
Not sure where to watch the 2026 Super Bowl live? There are multiple ways to watch the game for free today. Here's how.
Here's how much Bad Bunny is expected to earn from his halftime performance at Super Bowl LX.
Connor Hilton, 17, said that after taking Accutane, a prescribed acne medication, he began to have suicidal and homicidal thoughts – thoughts that, his defense argued, led him to shoot two friends in the head at his Friendswood, Texas, home. Prosecutors weren't convinced.
Here's how much Bad Bunny is expected to earn from his halftime performance at Super Bowl LX.
Will Lewis, CEO and publisher of the Washington Post, has resigned just three days after the storied newspaper laid off about one-third of its staff.
Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media.
Though the commerce secretary has called his interactions with Epstein as "limited," the two were in business together four years after Epstein's 2008 guilty plea.
Resurgent technology stocks drove the rebound after a volatile week, while bitcoin also recouped losses.
Former House Speaker Nancy Pelosi plans to endorse Jack Schlossberg, John F. Kennedy's grandson, a source familiar confirmed to CBS News.
Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media.
Skier Chris Lillis said he was "heartbroken about what's happened in the United States," while skater Amber Glenn said she "will not just be quiet."
If the June deadline is not met, the Trump administration will likely put pressure on both sides to meet it, Zelenskyy told reporters.
A federal appeals court on Friday endorsed the Trump administration's policy of holding broad groups of immigration detainees without access to bond hearings, a major legal victory for President Trump.
Becca Valle, then 37, enrolled in a cutting-edge clinical trial after surgery removed an aggressive tumor from her brain.
More than three dozen cases of death cap mushroom poisonings have been reported in California since November, health officials said.
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
The New Mexico Department of Health said officials believe the baby contracted listeria after their mother drank raw milk during pregnancy.
Breezy Johnson took the lead early on after flying down the mountain in 1:36.10. It is her first-ever Olympic medal.
Lindsey Vonn, who came out of retirement to compete in the 2026 Milano Cortina Winter Games, was airlifted off the mountain.
The U.S. ended Saturday in first place with 44 points. Japan was five points back going into the men's, women's and pairs free skates to decide the medals Sunday.
The U.S. women's hockey team eased to a 5-0 win over Finland on Saturday afternoon.
Francesca Lollobrigida set a new Olympic record of 3 minutes, 54.28 seconds, shaving more than two-and-a-half seconds off the mark set by Dutch legend Irene Schouten four years earlier in Beijing.
Reactions poured in when Bad Bunny was named Super Bowl halftime headliner, with some praising and others criticizing the choice.
Charlie Puth has called the national anthem "one of the most beautiful pieces of music." But he's also described it as "the hardest to sing."
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny is set to take the stage at halftime for the 2026 Super Bowl. Here's who else is performing at Super Bowl 60.
Lead singer and frontman Dee Snider said he suffers from degenerative arthritis and has had several surgeries over the years.
The FAA says it is collaborating with the FBI to detect, track and assess unauthorized drone activity at the Super Bowl.
Gamers across the world can now recreate drone strikes in Ukraine from the comfort of their own home, with this newly released game.
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.
CBS News business analyst Jill Schlesinger talks about how companies are using artificial intelligence, the discussion around the technology and how it's impacting the workforce.
Executives from Waymo and Tesla defended their self-driving vehicle technology in testimony before the Senate Commerce Committee on Wednesday. CBS News' Kris Van Cleave reports and Ian Krietzberg, an AI correspondent at the digital media company Puck, has more.
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.
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.
"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.
"Sunday Morning" looks back at historical events on this date.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Connor Hilton, 17, said that after taking Accutane, a prescribed acne medication, he began to have suicidal and homicidal thoughts – thoughts that, his defense argued, led him to shoot two friends in the head at his Friendswood, Texas, home. Prosecutors weren't convinced.
Authorities said Friday they were inspecting an apparent new message relating to the disappearance of "Today" host Savannah Guthrie's mom, Nancy, after the family reported her missing from her home on Sunday.
Luigi Mangione had an outburst after a hearing on Friday in which the judge announced that his New York State trial will begin on June 8. CBS News legal reporter Katrina Kaufman is following the case.
Local and federal authorities said "investigators are actively inspecting the information provided in the message for its authenticity" regarding the disappearance of Nancy Guthrie.
Friday marked six days since Nancy Guthrie's apparent abduction, and Guthrie's three children have been posting on social media hoping to reach whoever may have taken her. CBS News' Andres Gutierrez reports and former FBI counterintelligence operative Eric O'Neill has more.
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
NASA says it can't try until March at the earliest to send a crewed spacecraft on a flight around the moon and back, due to hydrogen leaks during testing of the Artemis II rocket.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
A Texas teenager shoots two of his friends. He says a popular acne medication made him do it. "48 Hours" correspondent Tracy Smith reports.
Ice hockey forward Hilary Knight showed the world why she's one of the greatest players ever. With her 14th goal, the captain of Team USA moved into a tie for the most goals scored by a U.S. Women's hockey player at the Winter Olympics. Andres Gutierrez reports on her career and her last Olympic run.
The countdown is on for the big game between the Seattle Seahawks and the New England Patriots. Kris Van Kleave is outside what's been called the Field of Jeans.
Saturday marked the first full day of the Olympic Winter Games in Italy. Switzerland took the first gold medal in men's downhill skiing. In all, five medal events were held, but no gold yet for Team USA. Seth Doane has the latest details from Cortina, Italy.
The political fallout in Britain following the latest Epstein documents release became so intense that on Saturday, there were growing calls for the U.K.'s prime minister to step down.