As student debt relief fails, some point to "hypocrisy" of PPP loans
The U.S. forgave $757 billion in loans through the Paycheck Protection Program, with most of those benefits going to the wealthy.
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The U.S. forgave $757 billion in loans through the Paycheck Protection Program, with most of those benefits going to the wealthy.
President Biden is asking for $600 million for prosecution, including funds to create at least 10 new Justice Department strike forces.
The pain and concern of Latinos and Latinas nationwide is being felt in Washington, D.C., where Florida Senator Marco Rubio co-authored the Paycheck Protection Program, which aims to help keep people employed. There are also local politicians like New York State Assemblywoman Catalina Cruz, who's filling the gaps and getting creative to meet the needs of her constituents in Queens. Maria Elena Salinas hosts “Pandemia: Latinos in Crisis,” a CBS News special.
Marjorie Taylor Greene said for the government to say debt is forgiven "is completely unfair." The White House tweeted back that she had more than $183,000 in PPP loans forgiven.
Federal prosecutors say Valesky Barosy, 27, of Fort Lauderdale, Florida used COVID-19 relief money to buy $2.2 million in luxury items such as a Lamborghini and Rolex watches.
Governor orders all New Yorkers to wear face coverings when outdoors; Exercising under quarantine
Lee Price III falsely misrepresented the status of three companies, and used the money to spend thousands on a strip club, properties and luxury items.
Many states looking to reopen as U.S. coronavirus cases approach 1 million; Couple marks 50th wedding anniversary with virtual celebration.
President Trump has consistently claimed there is no shortage of medical supplies or coronavirus tests but that's been disputed by many governors. Paula Reid reports.
The $350 billion Paycheck Protection Program could run out of money as early as Tuesday night. And Congress can't agree on how to send more. Kris Van Cleave reports.
The portal, expected to launch August 4, will apply to businesses that have Paycheck Protection Program loans of $150,000 or less.
Just $8 billion remains in the program, earmarked for companies headed by women or minorities.
Harris has been a strong advocate for small businesses that have had trouble obtaining loans to keep them afloat during the long pandemic.
Black and Latino business owners were less than half as likely to be fully approved for loans than White business owners.
Mr. Biden signed a bill extending the deadline to apply for Paycheck Protection Program loans through May 31.
A House subcommittee says it has evidence that mismanagement by the Trump administration led to nearly $84 billion in fraudulent Paycheck Protection Program (PPP) loans. Select committee member and Illinois Representative Raja Kirshnamoorthi joins CBSN's Lana Zak to discuss what's being done to prevent fraudulent PPP loans, the Baby Food Safety Act and the filibuster debate in the Senate.
When signed by President Joe Biden, the new legislation would give businesses another two months to apply for the Paycheck Protection Program.
The current Paycheck Protection Program is set to expire in a few weeks. Many Black-owned businesses have been unable to apply for the program's second round because of unforgiven loans. Gusto's chief operating officer Lexi Reese joins CBSN to discuss.
President Biden held a ceremony Monday evening to honor over 500,000 Americans who died from the coronavirus. Earlier in the day, he made changes to a federal program that helps small businesses impacted by the pandemic. CBS News' Natalie Brand joined CBSN's Elaine Quijano to discuss the latest from the White House.
President Biden will announce several revisions to a federal program helping businesses stay afloat during the pandemic, the Paycheck Protection Program. The changes are aimed at ensuring more small and minority-owned businesses are able to qualify for federal assistance. CBS News senior White House correspondent Weijia Jiang joins CBSN to discuss what those changes entail.
White House wants to provide more support to businesses with fewer than 20 workers, as well as sole proprietors.
Monday marks the first day small businesses can apply for the lated round of help from the Paycheck Protection Program. Lawmakers authorized $284 billion in forgivable loans for struggling businesses as part of the coronavirus relief bill that recently passed. Joanne Canady-Brown, owner of the Gingered Peach Bakery in Lawrenceville, New Jersey, shares her story with CBSN.
The federal loans, which can be forgiven, will have five-year terms and carry an interest rate of 1%.
Many "were being turned down in the first and second round of funding," said president of U.S. Black Chambers.
More than 100,000 U.S. restaurants have been killed off by the pandemic. Will the latest PPP loans for small businesses be enough to save the struggling survivors this winter? CBS MoneyWatch reporter Megan Cerullo tells CBSN why even more eateries could go under.
As Iran's exiled crown prince predicts his imminent return, the Islamic Republic shirks Trump's warnings and threatens protesters with maximum punishment.
The White House shared video showing a different angle of Renee Good's shooting by an ICE agent in Minneapolis and the moments that led up to it.
Prosecutors in the Justice Department's Civil Rights Division were told they will not play a role in the investigation into a fatal shooting of a Minnesota woman by an ICE officer, two sources said.
Michael McKee is the ex-husband of Monique Tepe, according to court records obtained by CBS News. Tepe and her husband, Spencer, were shot and killed in Columbus on Dec. 30.
Protests against immigration enforcement have been planned across the country after federal officers shot three people in Minneapolis and Portland.
Greenland's leaders said the island's future must be decided by its people.
Elon Musk's platform is facing global backlash after reports emerged that its image creation feature allowed users to sexualize pictures of women and children using simple text prompts.
Minneapolis is reeling after an ICE agent fatally shot a woman on the city's south side Wednesday morning.
Lawmakers are demanding a range of actions, from a full investigation and policy changes to the defunding of ICE operations and the impeachment of Homeland Security Secretary Kristi Noem.
Michael McKee is the ex-husband of Monique Tepe, according to court records obtained by CBS News. Tepe and her husband, Spencer, were shot and killed in Columbus on Dec. 30.
Timothy Busfield is known for appearances in "The West Wing," "Field of Dreams" and "Thirtysomething."
Protests against immigration enforcement have been planned across the country after federal officers shot three people in Minneapolis and Portland.
Authorities warn organized theft rings are going after high-end SUVs, pickups and performance cars in the U.S. and smuggling them into Mexico.
Clay County Sheriff Eddie Scott said the victims were family members related to the suspect. They were shot at three separate locations late Friday. One of the victims was a child.
President Trump called for a one-year cap on credit card interest rates late Friday, an idea that has drawn strong support from lawmakers in both parties but pushback from card issuers.
Midsize cities like Pittsburgh and Columbia, South Carolina, offer some of the best employment prospects, analysis finds.
The White House said it will review its protocols for releasing economic data after President Trump's "inadvertent public disclosure."
After the ACA tax credit lapsed in December, enrollees are opting for less robust health plans or dropping coverage altogether.
Facebook parent Meta has reached nuclear power deals with three companies as it continues to look for electricity sources for its artificial intelligence data centers.
Lawmakers are demanding a range of actions, from a full investigation and policy changes to the defunding of ICE operations and the impeachment of Homeland Security Secretary Kristi Noem.
Greenland's leaders said the island's future must be decided by its people.
U.S. Agriculture Secretary Brooke Rollins said on Friday that she is suspending payments on all active and future awards from the USDA to Minnesota amid the long-running fraud scandal in which the White House has alleged a misuse of federal funds.
President Trump called for a one-year cap on credit card interest rates late Friday, an idea that has drawn strong support from lawmakers in both parties but pushback from card issuers.
In October, President Trump announced that he had called off a plan to "surge" federal agents to San Francisco.
Andy Provencher spent a year searching for the cause of his exhausting symptoms before a physician's assistant suggested a rare illness.
After the ACA tax credit lapsed in December, enrollees are opting for less robust health plans or dropping coverage altogether.
The media superstar, who has struggled with weight for much of her life, and a Yale School of Medicine doctor team up for a book that examines the biology of obesity, offering a new way forward.
Health and Human Services Secretary Robert F. Kennedy Jr. claimed there is "no scientific evidence" the flu vaccine prevents hospitalizations or death in children, despite previous CDC guidance.
The new dietary guidelines recommend limits on added sugars and mention gut health. Here's what to know.
The strikes were part of a retaliatory operation for the ISIS terrorist ambush in Palmyra, Syria, in December that killed two American soldiers and one U.S. civilian interpreter.
Clashes broke out Tuesday in Aleppo's predominantly Kurdish northern neighborhoods after the government and the Syrian Democratic Forces failed to make progress on how to merge their forces into the national army.
Authorities warn organized theft rings are going after high-end SUVs, pickups and performance cars in the U.S. and smuggling them into Mexico.
The leader of an independent Iranian news publication says President Trump's warnings are alarming officials and encouraging demonstrators.
Elon Musk's platform is facing global backlash after reports emerged that its image creation feature allowed users to sexualize pictures of women and children using simple text prompts.
Timothy Busfield is known for appearances in "The West Wing," "Field of Dreams" and "Thirtysomething."
"CBS Saturday Morning" predicts winners for the 83rd Annual Golden Globe Awards, which airs Sunday on CBS and Paramount+ at 8pm ET.
Chris Perfetti's breakout role was as history teacher Jacob Hill in the hit comedy "Abbott Elementary," but the actor, who's co-starring with Jason Bateman in HBO's new limited series "DTF St. Louis," tells "CBS Saturday Morning" that his versatility comes from his stage experience.
Tennessee-based artist Mon Rovîa was born in Liberia and adopted by American missionaries as a child. His music reflects this unique experience. He's a rising star redefining Appalachian folk, and his highly anticipated debut album, "Bloodline," delivers powerful messages about injustice and empathy. Here's Mon Rovîa performing "Bloodline."
Tennessee-based artist Mon Rovîa was born in Liberia and adopted by American missionaries as a child. His music reflects this unique experience. He's a rising star redefining Appalachian folk, and his highly anticipated debut album, "Bloodline," delivers powerful messages about injustice and empathy. Here's Mon Rovîa performing "crooked the road."
In his new book "Spies, Lies, and Cybercrime," former FBI Counterintelligence Operative Eric O'Neill describes the art of outsmarting cybercriminals and protecting your data and wallet. O'Neill spoke with CBS News' Major Garrett about steps people can take to stay safe online.
Facebook parent Meta has reached nuclear power deals with three companies as it continues to look for electricity sources for its artificial intelligence data centers.
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.
Britain's leader says all options on the table if Musk's X platform doesn't stop Grok AI tool being used to generate non-consensual sexualized images.
Millions of Americans who use Gmail are getting a new package of tools, driven by artificial intelligence. Google says it's trying to make Gmail more like a personal assistant as it brings more of its Gemini AI to your inbox with three updates. The changes come with some privacy concerns. Jo Ling Kent explains.
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
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.
Michael McKee is the ex-husband of Monique Tepe, according to court records obtained by CBS News. Tepe and her husband, Spencer, were shot and killed in Columbus on Dec. 30.
Luigi Mangione was back in court on Friday, where his lawyers worked to block the Justice Department from seeking the death penalty in his federal trial for the killing of UnitedHealthcare CEO Brian Thompson. Mangione pleaded not guilty in April 2025.
Clay County Sheriff Eddie Scott said the victims were family members related to the suspect. They were shot at three separate locations late Friday. One of the victims was a child.
U.S. Treasury Secretary Scott Bessent announced the creation of a new IRS task force and other measures to combat fraud, underscoring the Trump administration's focus on Minnesota amidst the immigration crackdown.
Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson more than a year ago, was back in a New York courtroom on Friday. Mangione's lawyers asked a federal judge to drop two of his four federal charges. CBS News legal reporter Katrina Kaufman has more.
NASA officials reported Thursday that an unidentified member of Crew 11 was dealing with "a medical situation" that would require the crew to return to Earth sooner than anticipated.
Four crew members aboard the International Space Station will be brought home more than a month early in the coming days as NASA cuts its mission short due to health concerns. NASA says the ailing astronaut is stable and while it is not an emergency, weeks more in space are not in the best interest of their health.
The crew at the International Space Station will return home early because of what NASA is calling a medical concern with a crew member. CBS News space consultant Bill Harwood has more details.
NASA on Thursday postponed a scheduled spacewalk on the International Space Station due to a "medical concern." CBS News space consultant Bill Harwood has more.
A planned spacewalk outside the International Space Station was scrapped because of what NASA called a "medical concern" with an unidentified crew member.
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.
Comedian Nikki Glaser helped roll out the red carpet ahead of hosting the 83rd Annual Golden Globe Awards, which airs Sunday on CBS and Paramount+ at 8pm ET.
"CBS Saturday Morning" predicts winners for the 83rd Annual Golden Globe Awards, which airs Sunday on CBS and Paramount+ at 8pm ET.
"CBS Saturday Morning" hosts Adriana Diaz and Kelly O'Grady introduce themselves.
President Trump met with oil executives Friday amid action in Venezuela. Meanwhile, protests continued in Minnesota over the deadly ICE shooting.
Chris Perfetti's breakout role was as history teacher Jacob Hill in the hit comedy "Abbott Elementary," but the actor, who's co-starring with Jason Bateman in HBO's new limited series "DTF St. Louis," tells "CBS Saturday Morning" that his versatility comes from his stage experience.