White House adviser: Unemployment rate could pass 20%
Kevin Hassett, the chairman of the Council of Economic Advisers, says job loss from the pandemic represents the "biggest negative shock to the jobs market that we've seen since World War II."
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Kevin Hassett, the chairman of the Council of Economic Advisers, says job loss from the pandemic represents the "biggest negative shock to the jobs market that we've seen since World War II."
White House economic adviser Kevin Hassett on Sunday predicted the unemployment rate could go beyond 20%. The latest report shows unemployment has already climbed to nearly 15% and more than 20 million Americans lost their jobs in April. Nikole Killion reports.
Americans see different impacts of coronavirus across communities — and in the death toll; many see changes in food prices and differ on origins of virus.
"I think the V–shaped recovery is off the table," Kashkari said in a conversation with "Face the Nation" moderator Margaret Brennan.
White House Press Secretary Kayleigh McEnany defends President Trump's push to reopen states, despite warnings of possible dire consequences by Dr. Anthony Fauci.
Americans foresee a longer timeline to return to normal, and most want a national testing program, according to a CBS News survey.
Nearly 3 million Americans filed new unemployment benefit claims last week, according to the Department of Labor on Thursday. That means more than 36 million workers have filed for unemployment benefits in the past eight weeks. CBS News business analyst Jill Schlesinger explains the significance of the numbers.
Millions of Americans are counting on the coronavirus relief payments, but a range of factors can lower the payout.
Four of the nation's top medical experts gave grim new warnings Tuesday about the dangers of reopening the country too soon. In a Senate subcommittee hearing, Dr. Anthony Fauci said many more could die if states do not prepare adequately. CBS News chief congressional correspondent Nancy Cordes joined CBSN to discuss the response.
Dr. Anthony Fauci and other top federal health officials testified to a Senate committee Monday about the setbacks likely to result if the U.S. reopens the economy too fast. Plus, House Democrats have proposed a new coronavirus relief package. CBS News's Gwen Baumgardner reports, and then political contributor Molly Hooper joins CBSN to talk about the latest reaction on Capitol Hill.
U.S. central bank chief urges Congress to boost relief, saying that a deeper slump "can leave behind lasting damage."
This week we sat down with White House Economic Adviser Kevin Hassett, former Google CEO Eric Schmidt and FDA Commissioner Dr. Scott Gottlieb for the latest on the battle against COVID-19.
Kevin Hassett predicted that the unemployment rate will likely reach its peak in May or June.
As restaurants try to adjust to new restrictions amid the coronavirus pandemic, some are getting creative with new ideas like car hops and TV dinners. Carter Evans reports.
Nevada is one of the latest states to reopen, with the governor allowing non-essential stores to resume with restrictions. But not all states are racing to fully open as people continue to protest in states like Washington, where hundreds turned out to say the economic damage has already been done. Jonathan Vigliotti reports.
The following is a transcript of an interview with University of Virginia President Jim Ryan, that aired Sunday, May 10, 2020, on "Face the Nation."
The following is a transcript of an interview with former Google Chairman and CEO Eric Schmidt that aired Sunday, May 10, 2020, on "Face the Nation."
The following is a transcript of an interview with White House economic adviser Kevin Hassett that aired Sunday, May 10, 2020, on "Face the Nation."
In an interview with "Face the Nation" moderator Margaret Brennan, Grant Thornton's Chief Economist lays out the bumpy road ahead for the U.S. economy during the pandemic.
The coronavirus crisis "is hitting the lower 60% of the economy much harder than it's hitting the upper 40% of the economy," market analyst Frances Stacy said.
California Governor Gavin Newsom has unveiled his plan to allow small retail stores to open despite a record number of coronavirus cases in California. Carter Evans reports.
A new study is warning that the COVID-19 pandemic could be followed by a wave of deaths from suicide and substance abuse. It predicts that economic hardship, isolation and anxiety could lead to as many as 75,000 additional deaths over the next decade. Dr. Bob Lahita joined CBSN to give insight into the startling numbers.
The U.S. economy lost 20.5 million jobs in April amid the coronavirus pandemic. The national unemployment rate soared to 14.7% last month, the highest since the Great Depression.
On Friday morning, the unemployment report for April will be released, and it is expected to be its highest on record since the Great Depression. Carter Evans is in Los Angeles, where some business owners are concerned reopening is too little, too late.
Millions of people who are out of work right now are self-employed or run small businesses and normally wouldn't qualify for unemployment. But in many states, they're now eligible for help under the Pandemic Unemployment Assistance program.
More than $1 billion has been bet online on military decisions and outcomes this year on Polymarket. Some wagers have been suspiciously timed, with information seemingly coming from insiders.
President Trump said "there won't be anything left of them" if Iranian leaders do not "get moving, FAST."
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
The World Health Organization this week declared the Ebola outbreak in Congo and Uganda a "public health emergency of international concern."
Taiwan's representative to the U.S. Alexander Yui said on Sunday that "we want peace and stability" as Taiwan became among the most closely-watched issues in last week's summit.
Rescuers airlifted an injured hiker who fell about 50 feet from the summit of Washington state's Mount Si on Saturday.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
Incumbent GOP Sen. Bill Cassidy, who had occasionally broken with the Trump administration, lost his bid for a third term.
The Mountain Home Air Force Base said in a social media post that it was locked down following an incident during the Gunfighter Skies Air Show.
The World Health Organization this week declared the Ebola outbreak in Congo and Uganda a "public health emergency of international concern."
Sunday's win at Aronimink Golf Club in Newtown Square, Pennsylvania, is only his second PGA tour victory, after winning the 2024 Wyndham Championship.
The Mountain Home Air Force Base said in a social media post that it was locked down following an incident during the Gunfighter Skies Air Show.
On this "Face the Nation with Margaret Brennan" broadcast, U.S. Trade Representative Jamieson Greer and Ambassador Alexander Yui, Taiwan's Representative to the U.S., join Margaret Brennan.
Rescuers airlifted an injured hiker who fell about 50 feet from the summit of Washington state's Mount Si on Saturday.
Accessory Dwelling Units, or ADUs, are small, fully-functional secondary homes located on the same property as a main home, usually in the backyard, filling a vital need where housing has proved scant or expensive.
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
No injuries have been reported because of the issue, the Food and Drug Administration said.
President Trump's trip to China could bolster economic relations, but failed to deliver a breakthrough deal, some trade and energy experts said.
College grads outearn people without a degree within 15 years, even after paying for tuition, study finds.
On this "Face the Nation with Margaret Brennan" broadcast, U.S. Trade Representative Jamieson Greer and Ambassador Alexander Yui, Taiwan's Representative to the U.S., join Margaret Brennan.
The Senate's rulemaker delivered a blow to GOP plans to fund security for President Trump's overhaul of the East Wing of the White House.
The following is the transcript of the interview with Reps. Brian Fitzpatrick, Republican of Pennsylvania, and Tom Suozzi, Democrat of New York, that aired on "Face the Nation with Margaret Brennan" on May 17, 2026.
Taiwan's representative to the U.S. Alexander Yui said on Sunday that "we want peace and stability" as Taiwan became among the most closely-watched issues in last week's summit.
The following is the transcript of the interview with Ambassador Alexander Yui, Taiwan's representative to the U.S., that aired on "Face the Nation with Margaret Brennan" on May 17, 2026.
Outbreaks of the deadly Ebola virus in two African countries have prompted the World Health Organization to declare a global health emergency. Imtiaz Tyab reports.
The World Health Organization this week declared the Ebola outbreak in Congo and Uganda a "public health emergency of international concern."
Genomic analysis showed the virus found aboard the MV Hondius shows no evidence of new characteristics so far.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
Tommy Bell thought he was in good shape. But a series of heart attacks painted a more complicated picture.
The World Health Organization this week declared the Ebola outbreak in Congo and Uganda a "public health emergency of international concern."
The following is the transcript of the interview with Reps. Brian Fitzpatrick, Republican of Pennsylvania, and Tom Suozzi, Democrat of New York, that aired on "Face the Nation with Margaret Brennan" on May 17, 2026.
Taiwan's representative to the U.S. Alexander Yui said on Sunday that "we want peace and stability" as Taiwan became among the most closely-watched issues in last week's summit.
The following is the transcript of the interview with Ambassador Alexander Yui, Taiwan's representative to the U.S., that aired on "Face the Nation with Margaret Brennan" on May 17, 2026.
Researchers in Dublin discovered the oldest surviving English poem in a Roman library.
Jane Pauley hosts our annual look at design. Featured: Tiny homes in your backyard; Louis Vuitton; Adobe house construction; Finland's Marimekko; domino art; Philadelphia food favorites; chandeliers; Longwood Gardens; rare maps; and director Jon Favreau of "The Mandalorian and Grogu."
"Call Her Daddy" host Alex Cooper said on Instagram that she and husband Matt Kaplan are expecting their first child.
Jon Favreau, creator of the "Star Wars" series "The Mandalorian," has now brought the father-son relationship of Pedro Pascal's bounty hunter and his charge "Baby Yoda" to the big screen.
In this web exclusive, Jon Favreau, the creator of the "Star Wars" series "The Mandalorian," and director of the new film "The Mandalorian and Grogu," talks with correspondent Tracy Smith about the myth of "Star Wars," the influences on the story (including Japanese samurai films), and expanding the universe for a new audience. He also talks about working with Robert Downey Jr. on his film "Iron Man," and about cooking, the subject of his 2014 movie, "Chef."
Director Jon Favreau, creator of the "Star Wars" series "The Mandalorian," has now brought Pedro Pascal's bounty hunter and his charge "Baby Yoda" to the big screen. He talks with correspondent Tracy Smith about the handmade feel of the "Star Wars" universe, and how father-son relationships have always been at the heart of the stories set in a galaxy far, far away. He also discusses bringing his improv roots to directing Robert Downey Jr. in "Iron Man."
For thousands of years, civilizations around the world have built houses out of earth – whether it be mud brick, wattle and dab or rammed earth. But adobe (the practice of making mudbricks) has now become today's "it" building material, from museums around the world designed using adobe, to do-it-yourselfers constructing homes from the very dirt beneath their feet. Correspondent Conor Knighton looks at the history of adobe, and how ancient adobe materials are being merged with 3-D printing techniques.
Atlanta residents say they're waking up to traffic jams of self-driving Waymo vehicles confused by neighborhood signage.
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.
Atlanta residents woke up to Waymo traffic jams on Friday. The driverless cars took over a quiet cul-de-sac. Skyler Henry has more details.
Oklahoma has filed a lawsuit against Roblox, making it the latest state to take legal action against the popular gaming platform over child safety concerns.
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
The last time an El Niño pattern occurred was in 2023, when the Eastern Pacific hurricane season produced 20 tropical systems.
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
Greater protections for endangered emperor penguins and how to manage growing tourism are topping the agenda at talks on Antarctica in Japan.
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
In New Mexico, a man is charged with forgery & larceny – and convicted of putting out a hit on his estranged wife. Twenty-six years earlier, a fire in Monaco kills a billionaire and his private nurse. At the center of that mystery was the very same man — with a different name.
"Survivor" 48 and 50 contestant Joe Hunter believes his sister Joanna, whose death was ruled a suicide, was murdered. He and their mother are working to be Joanna's voice and advocate for others who have experienced domestic violence.
Mohammad Baqer Saad Dawood Al-Saadi, an Iraqi national, is facing federal charges for his alleged terror plots targeting Jewish institutions around the U.S.
A terror plot targeting Jewish institutions in New York, California and Arizona has been foiled, and a man linked to the alleged scheme is under arrest on Friday. Prosecutors say the Iraqi suspect is tied to other global attacks and claim he wanted payback for the U.S. and Israeli war on Iran. Tom Hanson reports.
An Iraqi national was arrested and charged with planning to carry out several terror attacks in the U.S., including at a New York City synagogue and other prominent Jewish centers in Los Angeles and Scottsdale, Arizona. CBS News' Anna Schecter reports.
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
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.
First, prediction market bets on war defy odds. Then, London's cabbies skeptical about robotaxis. And, Christopher Nolan: The 60 Minutes Interview.
Fighter jets collide in midair at Idaho air show; Trump's approval ratings on the economy continue to fall in latest CBS News poll.
Alpha, a new school in San Francisco, isn't just embracing AI, it's letting it take the lead. Itay Hod has more.
Outbreaks of the deadly Ebola virus in two African countries have prompted the World Health Organization to declare a global health emergency. Imtiaz Tyab reports.
A special edition Swatch pocket watch triggered crowds reminiscent of past Black Fridays. Jonathan Vigliotti reports.