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.
Paycheck Protection Program
White House pushing Congress to pass funding to combat pandemic-related fraud
President Biden is asking for $600 million for prosecution, including funds to create at least 10 new Justice Department strike forces.
White House calls out GOP student debt critics who had PPP loans forgiven
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.
Man bought Lamborghini, Rolex, more with COVID funds, feds say
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.
Texas man sentenced to 9 years in prison for PPP scheme
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.
Portal will allow small businesses to directly apply for PPP forgiveness
The portal, expected to launch August 4, will apply to businesses that have Paycheck Protection Program loans of $150,000 or less.
Paycheck Protection Program runs dry for most loan applicants
Just $8 billion remains in the program, earmarked for companies headed by women or minorities.
How Harris is engaging with community lenders to help small businesses
Harris has been a strong advocate for small businesses that have had trouble obtaining loans to keep them afloat during the long pandemic.
Business owners of color had a harder time getting loans, report finds
Black and Latino business owners were less than half as likely to be fully approved for loans than White business owners.
Biden signs extension of small business loan program
Mr. Biden signed a bill extending the deadline to apply for Paycheck Protection Program loans through May 31.
Rep. Krishnamoorthi weighs in on PPP fraud and filibuster debate
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.
Lawmakers want to extend PPP deadline
When signed by President Joe Biden, the new legislation would give businesses another two months to apply for the Paycheck Protection Program.
Black-owned businesses face obstacles
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.
Biden honors lives lost to COVID-19
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.
Biden directing PPP aid to small businesses
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.
Biden to ease PPP borrowing for smallest U.S. businesses
White House wants to provide more support to businesses with fewer than 20 workers, as well as sole proprietors.
Small businesses trying to survive pandemic
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.
Feds set to revive loan program for small businesses
The federal loans, which can be forgiven, will have five-year terms and carry an interest rate of 1%.
Minority-owned businesses were last to receive PPP loans
Many "were being turned down in the first and second round of funding," said president of U.S. Black Chambers.
Will restaurants survive winter?
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.
Small businesses face pandemic challenges
The pandemic has affected a broad spectrum of businesses. Many are depending on another round of federal help for survival. CFO David Burman of Other Half Brewing Company joins CBSN to share how the New York business has faced the challenge.
Will the latest loans help restaurants survive winter?
A new round of paycheck protection program loans gives special leeway to restaurants — but might not save eateries hanging on by a thread.
Restaurant owner on staying afloat
The coronavirus pandemic has crippled restaurants and small businesses across the country, but the extension of the Paycheck Protection Program may help. CBS News' Chip Reid spoke with Montana restaurant owner Chuck Tanner about impact and how he's keeping his business going.
Small business owner on COVID relief bill
The new coronavirus relief bill will provide more than $284 billion in loans for small businesses. The pandemic has forced many to shut down or downsize to make ends meet. Conner Mowles, the president of a company called ParkHub in Dallas, shares some of his challenges with CBSN.
PPP returns with $285 billion, and there's still room for fraud
News organizations, high-end co-ops and talent agents will have a better shot at getting a PPP loan in round three.
Trump sees disabling Iran nuclear site as necessary as he weighs strike
He's been briefed on both the risks and the benefits of bombing Fordo, Iran's most secure nuclear site.
Exclusive
Trump administration boosts monitoring of possible Iran-backed cells in U.S., sources say
FBI Director Kash Patel has increased efforts to monitor possible domestic sleeper cells linked to Hezbollah, U.S. officials say.
The 30,000-pound bomb and plane that could be used to strike Iran
Israel's best chance at destroying the facility at Fordo could lie with a U.S.-produced bomb that's so heavy that it can only be dropped by a U.S. plane.
Appeals court extends order allowing Trump to deploy National Guard to L.A.
In a victory for President Trump, about 4,000 National Guard troops can remain in Los Angeles for now.
Biden pans "efforts to erase history" and takes veiled shot at Trump
The event celebrated Juneteenth at the historic Reedy Chapel AME Church in Galveston, Texas.
On Juneteenth, Trump says America has "too many non-working holidays"
President Trump appeared to mark Juneteenth — a day he has commemorated in the past — by arguing businesses are closed for "too many non-working holidays."
Israel vows to hold Iran's leader accountable after missile hits hospital
An Iranian missile slammed into a hospital in Israel, causing no serious injuries but drawing a quick vow of retaliation against Iran's supreme leader for "war crimes."
Trump can't require states to cooperate with ICE to get DOT funding, judge says
A judge said the Trump administration cannot tie federal transportation funding to cooperation with immigration authorities.
Emmett Till national monument at risk of removal due to Trump's anti-DEI stand
The Trump administration has announced plans to revoke or shrink certain national monuments as part of an anti-DEI movement.
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Emmett Till national monument at risk of removal due to Trump's anti-DEI stand
The Trump administration has announced plans to revoke or shrink certain national monuments as part of an anti-DEI movement.
National Guard troops deployed to Albuquerque unarmed, not in military uniforms
Unlike the California National Guard troops that were deployed by President Trump to Los Angeles, the Guard members deployed in Albuquerque are not armed or in military uniform.
Trump can't require states to cooperate with ICE to get DOT funding, judge says
A judge said the Trump administration cannot tie federal transportation funding to cooperation with immigration authorities.
Ryan Ferguson, wrongfully convicted in 2001 killing, awarded over $43M
Ryan Ferguson's murder conviction was vacated in 2013 after a key witness who had testified against him said he wasn't involved in the killing.
Memphis mayor targeted in stalking and attempted kidnapping incident
Police in Memphis, Tennessee, said they recovered "a taser, gloves, rope and duct tape" from the suspect's vehicle. Mayor Paul Young said political violence "simply cannot become our norm."
MoneyWatch
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United, American suspend some flights from U.S. to Middle East
U.S. airlines, including United Airlines and American Airlines, are suspending flights to parts of the Middle East amid the conflict between Israel and Iran.
Telegram CEO Pavel Durov plans to leave fortune to his 100-plus children
Telegram founder and CEO Pavel Durov told a publication that all of his more than 100 children will inherit some of his fortune.
These are the top airlines in the U.S., according to The Points Guy
This was the number one airline in the U.S. last year, based on its reliability, passenger experience and more.
Tariffs are pushing up remodeling costs. Here's how to save money.
Tariffs are making building materials, including lumber and steel and aluminum, more expensive. Here are some tips for saving.
Trump's deportation efforts could impact these industries and states the most
Unauthorized immigrants make up nearly 5% of the U.S. workforce, according to 2022 estimates, and a higher share in construction and agriculture.
Politics
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Appeals court extends order allowing Trump to deploy National Guard to L.A.
In a victory for President Trump, about 4,000 National Guard troops can remain in Los Angeles for now.
On Juneteenth, Trump says America has "too many non-working holidays"
President Trump appeared to mark Juneteenth — a day he has commemorated in the past — by arguing businesses are closed for "too many non-working holidays."
Trump can't require states to cooperate with ICE to get DOT funding, judge says
A judge said the Trump administration cannot tie federal transportation funding to cooperation with immigration authorities.
Ohio Rep. Max Miller says he was "run off the road" and threatened while driving
Ohio Rep. Max Miller said Thursday an "unhinged, deranged man" ran him off the road.
Exclusive
Trump administration boosts monitoring of possible Iran-backed cells in U.S., sources say
FBI Director Kash Patel has increased efforts to monitor possible domestic sleeper cells linked to Hezbollah, U.S. officials say.
HealthWatch
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Kids' cough syrup recalled due to microbial contamination
Little Remedies® Honey Cough Syrup was voluntarily recalled due to the presence of Bacillus cereus, which can cause two types of food-borne illnesses, and loss of shelf-stability.
U.S. plans to combat "man-eater" screwworms with a facility of flies
The facility will breed millions of sterile New World screwworm flies at Moore Air Base, Agriculture Secretary Brooke Rollins said Wednesday.
AstroAI recalls minifridges that caused $360,000 in property damages
A short circuit in the minifridges caused numerous fires, two of which resulted in more than $360,000 in property damages.
Trump administration to shutter specialized LGBTQ+ suicide lifeline option
A part of the 988 Suicide and Crisis Lifeline dedicated to LGBTQ+ youth — known as 988 option 3 — will close in July, the agency said.
FDA approves HIV prevention drug taken as twice-yearly injection
Clinical trials showed 99.9% of participants who received the drug, called Yeztugo from company Gilead Sciences, remained HIV negative.
World
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United, American suspend some flights from U.S. to Middle East
U.S. airlines, including United Airlines and American Airlines, are suspending flights to parts of the Middle East amid the conflict between Israel and Iran.
U.S. brokers DRC-Rwanda deal with high risk, potential "vast rewards"
Fighting for control of the Democratic Republic of Congo's mineral wealth has killed millions. Trump wants to end it, and potentially reap huge rewards.
Iranian insider says country weakened, but Iranians "very united"
A Tehran-based political analyst acknowledges Iran has been weakened by Israel's onslaught, but the official line is still one of defiance and solidarity.
U.S. "planning for contingencies" to help Americans leave Israel
After some confusion, the U.S. Embassy in Jerusalem says the State Department is "planning for contingencies" to help Americans leave Israel, but some aren't waiting around.
Israel vows to hold Iran's leader accountable after missile hits hospital
An Iranian missile slammed into a hospital in Israel, causing no serious injuries but drawing a quick vow of retaliation against Iran's supreme leader for "war crimes."
Entertainment
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Owen Wilson's reflections on success after a decades-long Hollywood career
In his new role on the TV series "Stick," actor Owen Wilson explores themes of redemption and reckoning that mirror his own journey through Hollywood.
Jamie Wax on Broadway debut
Three-time Emmy winner Jean Smart plays a woman trapped in a violent marriage in the one-woman play "Call Me Izzy." The show, written by CBS News contributor Jamie Wax, explores the power of creativity and survival.
Owen Wilson talks golf, growth and gratitude
Academy Award-nominated actor Owen Wilson joins Nate Burleson at Liberty National Golf Club to discuss his new Apple TV+ series "Stick," where he plays a washed-up golfer seeking redemption. Wilson opens up about his mental health journey, his love of golf and finding peace at this stage in his life.
Alison Hall meets Olivia Munn for first time after early cancer diagnosis
Alison Hall credits Olivia Munn's openness with helping detect her breast cancer early. Their emotional first meeting airs Wednesday on "Inside Edition."
Tom Cruise to receive honorary Oscar
Actor Tom Cruise is set to receive an honorary Oscar ahead of next year's Academy Awards. While he has scored four nominations, the "Mission Impossible" and "Top Gun" actor has never won an Oscar.
Technology
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Technology
Amazon CEO: AI will mean fewer corporate jobs
Amazon CEO Andy Jassy says artificial intelligence will lead to fewer corporate jobs at the company. Technology journalist Jacob Ward, host of "The Rip Current" podcast, joins CBS News to discuss how AI is already reshaping the workforce.
Robotic heart transplant makes history
In a medical first, surgeons at Baylor St. Luke's Medical Center in Houston successfully performed a fully robotic heart transplant on a 45-year-old patient. He now says he's living a brand-new life. Janet Shamlian reports.
How AI powered robots are helping small farms
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.
Amazon CEO says rollout of generative AI will reshape company's workforce
Andy Jassy, CEO of Amazon, said he expects the company to reduce its workforce over the next few years as it rolls out more generative AI and agents.
AI data centers are driving up energy bills
An increase in demand for artificial intelligence may be increasing the cost of your electric bills. CBS News national environmental correspondent David Schechter explains.
Science
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Plastic bag bans and fees work to curb litter, study says
Researchers conducted the first systematic review of policies around the U.S. to limit plastic bag use.
SpaceX Starship upper stage explodes during countdown to engine test firing
A SpaceX Starship upper stage exploded during ramp-up to an expected engine test firing at the company's Starbase facility on the Texas Gulf Coast. It's an apparent major setback for the program.
Honda hails successful test of reusable rocket as it seeks space sector entry
Japan's second-biggest carmaker, Honda, has successfully tested an experimental reusable rocket, the company says, as it seeks to expand into the space sector.
Invasive Asian needle ants pose risks
As summer kicks into high gear, the U.S. Forest Service is warning about an invasive Asian needle ant species found in dozens of states. Eric Day, entomologist at Virginia Tech, joins "The Daily Report" with more.
This T. rex ancestor is "missing link" to apex predators, scientists say
Apex predators, like the Tyrannosaurus rex, eventually arose from smaller-bodied tyrannosauroid dinosaurs called Khankhuuluu mongoliensis, the study's researchers said.
Crime
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National Guard troops deployed to Albuquerque unarmed, not in military uniforms
Unlike the California National Guard troops that were deployed by President Trump to Los Angeles, the Guard members deployed in Albuquerque are not armed or in military uniform.
Ryan Ferguson, wrongfully convicted in 2001 killing, awarded over $43M
Ryan Ferguson's murder conviction was vacated in 2013 after a key witness who had testified against him said he wasn't involved in the killing.
Karen Read thanks supporters
Karen Read addressed supporters after a jury found her not guilty in the retrial for the murder of Boston police officer John O'Keefe. CBS News Boston's Penny Kmitt reports.
Kohberger defense team moves to delay trial
Bryan Kohberger, the man accused of killing four University of Idaho students in 2022, appeared in court Wednesday. His defense team wants the trial delayed, arguing intense public scrutiny threatens his right to a fair trial. CBS News correspondent Jonathan Vigliotti reports.
Karen Read acquitted of murder
A jury has acquitted Karen Read of second-degree murder and manslaughter in the 2022 death of her boyfriend, Boston police officer John O'Keefe. CBS News' Bradley Blackburn has the latest.
Space
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Space
Why did SpaceX's Starship explode?
SpaceX's Starship rocket exploded in Texas on Wednesday night as it was preparing for a test launch. CBS News space consultant Bill Harwood has the details.
Video shows SpaceX Starship explosion at Texas launch site
A SpaceX Starship exploded at a launch site in Texas Wednesday night, bursting into a massive fireball.
SpaceX Starship upper stage explodes during countdown to engine test firing
A SpaceX Starship upper stage exploded during ramp-up to an expected engine test firing at the company's Starbase facility on the Texas Gulf Coast. It's an apparent major setback for the program.
See NASA's image of an intense X-class solar flare
The solar flare peaked at 5:49 p.m. EDT on Tuesday, NASA's Solar Dynamics Observatory said.
Honda hails successful test of reusable rocket as it seeks space sector entry
Japan's second-biggest carmaker, Honda, has successfully tested an experimental reusable rocket, the company says, as it seeks to expand into the space sector.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Attack on Pearl Street Mall in Boulder
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
Summer music heats up 2025
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
"No Kings": Protesters across country march against Trump, Musk
Protests against the Trump administration took place across the U.S. Saturday. The demonstrations were held to mark the 250th anniversary of the start of the Revolutionary War.
Jason Corbett murder: A look at the evidence
In August 2015, former FBI agent Tom Martens and his daughter Molly Corbett admitted killing her Irish-born husband Jason Corbett, insisting they beat him in self-defense
Latest CBS News Videos
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Biden to speak at Juneteenth event in Texas
Former President Joe Biden is speaking Thursday night at a Juneteenth event at the historic Reedy Chapel AME Church in Galveston, Texas. CBS News reporter Karen Hua has more.
Summer officially begins with summer solstice
Summer's official start comes Friday with the summer solstice. Andrew Fraknoi, astronomy professor for the Fromm Institute at the University of San Francisco, joined CBS news to discuss the solstice.
Study: Impact of plastic bag regulations
U.S. regulations and fees on plastic bags seem to be making a difference when it comes to significantly reducing shoreline litter, according to a new study published Thursday in the journal "Science." Anna Papp, the study's lead author, joins CBS News to break down the findings.
Funding woes impact Juneteenth celebrations
Some groups have been forced to scale back Juneteenth celebrations after losing funding from companies and federal agencies. One of the organizations impacted is the Cooper Family Foundation, which hosts one of the largest Juneteenth celebrations in San Diego. Sidney Cooper Jr., a member of the foundation, joins CBS News to discuss the impact of the cuts.
Iran's retaliation options if U.S. strikes
President Trump says he will decide whether to strike Iran within the next two weeks. Iran's supreme leader has warned that U.S. intervention would cause "irreparable damage." Robert Pape, professor of political science at the University of Chicago, joins CBS News with analysis.