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President-elect Joe Biden is urging lawmakers to pass a new coronavirus relief package as he announces a historically diverse economic team. He also named Janet Yellen as the first woman to be Treasury Secretary. Ed O'Keefe reports.
President-elect Biden is scheduled to meet Wednesday with workers and small business owners who have been affected by the pandemic-driven economic crisis. It comes as a small group of bipartisan senators introduced details about their COVID-19 relief plan Tuesday. CBS News political correspondent Ed O'Keefe joins CBSN AM with the latest.
Researchers' "best case scenario" points to 15% plunge in GDP, a bigger hit than seen during the Great Recession.
President-elect Joe Biden has unveiled the team that he said will be responsible for rebuilding the American economy. The incoming economic team stands out for its diversity, with two Blacks and four women total. Ed O'Keefe reports.
President-elect Joe Biden formally introduced the officials who will lead his economic team, which is poised to take the helm of the federal government as the nation grapples with the economic fallout of the coronavirus pandemic. Watch his remarks.
President-elect Joe Biden has unveiled senior members of his economic team. His nominee for treasury secretary, Janet Yellen, would be the first woman in that role, and his choice for budget director, Neera Tanden, would be the first woman of color to run the Office of Management and Budget. CBS News political producer Rebecca Kaplan joins CBSN to discuss what lawmakers are saying about those picks as well as the latest on coronavirus relief.
President-elect Joe Biden is formally announcing his economic team today, including Janet Yellen as his nominee for treasury secretary and Neera Tanden for White House budget chief. However, several top Republicans are already criticizing Tanden, claiming she's too partisan and divisive. CBS News political correspondent Ed O'Keefe joined CBSN from Wilmington, Delaware, with the latest developments.
A new study estimates that 12 million people who lost their jobs during the Coronavirus pandemic will lose crucial unemployment benefits on December 26. Some experts say it could have a detrimental impact on the nation's already struggling economy. CBS MoneyWatch reporter Aimee Picchi joins Omar Villafranca to discuss.
President-elect Joe Biden is getting checked out by a doctor after slipping and twisting his ankle. Nikole Killion reports.
A surge of Americans are shopping from home, while millions who are out of work are struggling to pay bills. Nikki Battiste reports.
Retailers hit hard by the coronavirus pandemic are banking on Black Friday more than ever -- but shoppers can expect a very different experience. Nikki Battiste explains.
Millions of Americans are in dire need of additional coronavirus relief this Thanksgiving. More than 778,000 people filed for first-time unemployment benefits last week, an increase of 30,000 from the previous week. An estimated 12 million Americans are expected to exhaust their benefits by the end of the year. CBS News political reporter Grace Segers has the latest on the next round of coronavirus relief.
Job losses may accelerate, experts warn, if Washington politicians fail to pass a stimulus bill by the end of the year.
There was another increase in new unemployment claims last week, as the coronavirus pandemic continues to head in the wrong direction. Feeding America predicts over 50 million Americans will have faced hunger by the end of the year. Mark Hamrick, senior economic analyst at Bankrate, joins CBSN to discuss the state of the economy.
State requirement to cover up helps lift consumer confidence and boosts local economic growth, study finds.
The largest appropriation of the bill will go directly to all types of unemployed workers in the form of a one-time $1,200 check and up to $50,000 for certain businesses.
President Trump made a sudden and strange appearance at the White House briefing room to highlight the stock market as the Dow soared on news that an official transition to President-elect Biden is underway. Ben Tracy reports.
Negotiations for another stimulus package are likely to resume, but analysts predict a smaller round of funding.
To boost sales, retailers are taking measures to reassure customers it's safe to shop in their stores amid the coronavirus pandemic, including plexiglass shields, increased cleaning, curbside pickup and shopping reservations to limit the number of people in stores. Meg Oliver takes a closer look.
President-elect Joe Biden will be inheriting a severely damaged economy as coronavirus cases surge across the country. Right now, more than 20 million Americans are getting some form of unemployment assistance, but for millions of them, that money will soon run out. Idrees Kahloon, the U.S. policy correspondent for The Economist, joins CBSN to discuss what this means for the incoming Biden administration.
The inability to earn a living wage is creating an economic headwind for the nation, one expert says.
After weeks of heading in the right direction, the number of new unemployment claims filed in the U.S. increased by 31,000 during the week ending November 14. Frances Stacy, director of portfolio strategy at Optimal Capital, joins CBSN with more on what these numbers mean and how a stimulus deal or lack thereof could affect the economy.
In a piece for The New Yorker magazine, Nassau County Executive Laura Curran discussed the earliest days of the pandemic in her Long Island community and how she and other local officials worked to keep their citizens safe. She joins CBSN to talk about her experience, what her county needs from the federal government, and how she hopes people can protect themselves during the holidays.
Officials coast to coast are struggling to contain the pandemic's spread, as many enact new restrictions amid growing concerns for their economies. Omar Villafranca reports.
President-elect Joe Biden spoke in Delaware on Monday after meeting with business and labor leaders about the incoming administration's economic agenda. He warned of a "very dark winter" ahead, and urged the Trump administration to begin collaborating with his transition team on plans for distribution of a COVID-19 vaccine. Watch his remarks.
"You come first," declares the new anchor of the Evening News. "Not advertisers. Not politicians. Not corporate interests — including the new owners of CBS."
Police in Switzerland say a fire at a bar in the Crans-Montana ski resort area is believed to have left about 40 people dead and dozens more injured.
Enhanced tax credits that have helped Americans offset the cost of Affordable Care Act health insurance for the last four years expired overnight.
Zohran Mamdani was sworn in early Thursday as the 112th mayor of New York City. The democratic socialist is the city's first Muslim mayor, as well as one of its youngest ever.
"In retrospect, it's too bad I took it because it gave them a little ammunition," President Trump told The Wall Street Journal.
A viral social media video has put Minnesota's long-running fraud scandal at the center of the national conversation. Here's what to know.
Steep U.S. import duties targeting 13 Italian pasta makers will be sharply reduced, Italy's foreign ministry said on Jan. 1.
The woman was a passenger on the Nieuw Statendam cruise ship, which was roughly 40 miles northeast of Sabana, Cuba, when she went overboard, the Coast Guard said.
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
"In retrospect, it's too bad I took it because it gave them a little ammunition," President Trump told The Wall Street Journal.
The woman was a passenger on the Nieuw Statendam cruise ship, which was roughly 40 miles northeast of Sabana, Cuba, when she went overboard, the Coast Guard said.
Steep U.S. import duties targeting 13 Italian pasta makers will be sharply reduced, Italy's foreign ministry said on Jan. 1.
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
Banks, post offices and major stock exchanges will be closed in observance of the federal holiday, but some stores are open.
Steep U.S. import duties targeting 13 Italian pasta makers will be sharply reduced, Italy's foreign ministry said on Jan. 1.
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
Enhanced tax credits that have helped Americans offset the cost of Affordable Care Act health insurance for the last four years expired overnight.
Banks, post offices and major stock exchanges will be closed in observance of the federal holiday, but some stores are open.
The levy, which would impose a new 11% tax on the gross fares paid by a cruise ship's passenger, was set to go into effect at the start of 2026.
"In retrospect, it's too bad I took it because it gave them a little ammunition," President Trump told The Wall Street Journal.
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
Enhanced tax credits that have helped Americans offset the cost of Affordable Care Act health insurance for the last four years expired overnight.
Zohran Mamdani was sworn in early Thursday as the 112th mayor of New York City. The democratic socialist is the city's first Muslim mayor, as well as one of its youngest ever.
In a private ceremony at the abandoned Old City Hall subway station, Mamdani was sworn in by New York Attorney General Letitia James as the clock struck midnight on New Year's Eve.
Enhanced tax credits that have helped Americans offset the cost of Affordable Care Act health insurance for the last four years expired overnight.
In 2026, several states are set to prohibit individuals from purchasing certain junk food items using their federal benefits. Meg Oliver has the details.
The Centers for Disease Control and Prevention says 32 jurisdictions are showing "high" or "very high" levels of flu.
Mom-and-pop shops will be exempt from this change, but big manufacturers in California will need to start adding folic acid to tortillas beginning January 1.
The number of Americans with Alzheimer's disease is expected to double from 7 million in 2020 to 14 million by 2060, according to the CDC. However, advances in treatment options are giving more people hope in slowing the decline. Dr. Jon LaPook breaks it down.
Pope Leo XIV celebrated a New Year's Day Mass in St. Peter's Basilica and then delivered a special noontime prayer from his studio overlooking the piazza.
Police in Switzerland say a fire at a bar in the Crans-Montana ski resort area is believed to have left about 40 people dead and dozens more injured.
George Clooney and his wife, Amal Clooney, were granted French citizenship because "they contribute, through their distinguished actions, to France's international influence and cultural outreach," the French government said.
The two-time former heavyweight champion and Olympic gold medalist was involved in a fatal road crash near Lagos on Monday.
Three people were killed Tuesday when the first boat was hit, while individuals in two other boats jumped overboard, according to U.S. Southern Command.
George Clooney and his wife, Amal Clooney, were granted French citizenship because "they contribute, through their distinguished actions, to France's international influence and cultural outreach," the French government said.
Here are the significant books, films and characters joining the list of works in the public domain on Jan. 1, 2026.
The hit series "The Pitt" has earned praise for its realistic look at the pressures facing health care workers. Chief medical correspondent Dr. Jon LaPook spoke to the star of the show, Noah Wyle, for "CBS Sunday Morning." Wyle talked about how the cast prepared for their roles beyond learning their lines before shooting the series even began.
Here's what to know about the lineup of performances scheduled for New Year's Eve, as crowds gather in Times Square to ring in 2026.
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
Arizona is fast becoming a major hub for computer chip production thanks to what's being called the largest foreign direct investment in U.S. history. Kris Van Cleave takes us to a sprawling campus in Phoenix that is providing thousands of jobs while reducing America's reliance on overseas products.
The company's investment in safety prevention comes amid growing concerns over the potential harm of artificial intelligence.
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.
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
After the Trump administration paused federal assistance to child care centers in Minnesota, parents are now wondering if their kids' day care is in jeopardy, as the government investigates fraud claims. Jonah Kaplan has been following this developing story.
There may be millions of documents the Justice Department still needs to release from the case against convicted sex offender Jeffrey Epstein. By law, those files were required to be made public nearly two weeks ago. Scott MacFarlane has the latest.
A Minneapolis day care says that vandals damaged the facility early this week, after a YouTube video purporting to expose fraud among day cares in the Twin Cities metro area went viral.
Patriots star Stefon Diggs is facing charges of strangulation, assault and battery following an incident in Massachusetts earlier this month. Diggs' attorney, David Meier, said in a statement that the wide receiver "categorically denies" the allegations and "looks forward to establishing the truth" in court. CBS News Boston's Aaron Parseghian has more.
New Orleans is marking one year since 14 people were killed and dozens more were injured in a terror attack on the city's iconic Bourbon Street. Kati Weis spoke to the family of one of the victims about how they're remembering their loved one.
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
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.
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"CBS Mornings" looks back at favorite moments from 2025 as the new year kicks off.
Dozens of people are presumed dead and about 100 others are injured after a fire tore through a bar at a Swiss Alps ski resort, police say. Authorities are working to determine the cause, but do not believe it was an attack.
Hundreds of thousands of people braved the cold weather in New York City to watch the iconic ball drop in Times Square on New Year's Eve. Meanwhile in London, fireworks lit up the sky to welcome 2026 and there were drone displays in the United Arab Emirates.
"You come first," declares the new anchor of the Evening News. "Not advertisers. Not politicians. Not corporate interests — including the new owners of CBS."