
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.
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.
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.
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.
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.
A new round of paycheck protection program loans gives special leeway to restaurants — but might not save eateries hanging on by a thread.
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.
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.
News organizations, high-end co-ops and talent agents will have a better shot at getting a PPP loan in round three.
He's been briefed on both the risks and the benefits of bombing Fordo, Iran's most secure nuclear site.
FBI Director Kash Patel has increased efforts to monitor possible domestic sleeper cells linked to Hezbollah, U.S. officials say.
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.
In a victory for President Trump, about 4,000 National Guard troops can remain in Los Angeles for now.
The event celebrated Juneteenth at the historic Reedy Chapel AME Church in Galveston, Texas.
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."
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."
A judge said the Trump administration cannot tie federal transportation funding to cooperation with immigration authorities.
The Trump administration has announced plans to revoke or shrink certain national monuments as part of an anti-DEI movement.
The Trump administration has announced plans to revoke or shrink certain national monuments as part of an anti-DEI movement.
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.
A judge said the Trump administration cannot tie federal transportation funding to cooperation with immigration authorities.
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.
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."
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 founder and CEO Pavel Durov told a publication that all of his more than 100 children will inherit some of his fortune.
This was the number one airline in the U.S. last year, based on its reliability, passenger experience and more.
Tariffs are making building materials, including lumber and steel and aluminum, more expensive. Here are some tips for saving.
Unauthorized immigrants make up nearly 5% of the U.S. workforce, according to 2022 estimates, and a higher share in construction and agriculture.
In a victory for President Trump, about 4,000 National Guard troops can remain in Los Angeles for now.
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."
A judge said the Trump administration cannot tie federal transportation funding to cooperation with immigration authorities.
Ohio Rep. Max Miller said Thursday an "unhinged, deranged man" ran him off the road.
FBI Director Kash Patel has increased efforts to monitor possible domestic sleeper cells linked to Hezbollah, U.S. officials say.
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.
The facility will breed millions of sterile New World screwworm flies at Moore Air Base, Agriculture Secretary Brooke Rollins said Wednesday.
A short circuit in the minifridges caused numerous fires, two of which resulted in more than $360,000 in property damages.
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.
Clinical trials showed 99.9% of participants who received the drug, called Yeztugo from company Gilead Sciences, remained HIV negative.
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.
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.
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.
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.
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."
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.
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.
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 credits Olivia Munn's openness with helping detect her breast cancer early. Their emotional first meeting airs Wednesday on "Inside Edition."
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.
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.
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.
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.
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.
An increase in demand for artificial intelligence may be increasing the cost of your electric bills. CBS News national environmental correspondent David Schechter explains.
Researchers conducted the first systematic review of policies around the U.S. to limit plastic bag use.
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.
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.
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.
Apex predators, like the Tyrannosaurus rex, eventually arose from smaller-bodied tyrannosauroid dinosaurs called Khankhuuluu mongoliensis, the study's researchers said.
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'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 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.
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.
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.
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.
A SpaceX Starship exploded at a launch site in Texas Wednesday night, bursting into a massive fireball.
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.
The solar flare peaked at 5:49 p.m. EDT on Tuesday, NASA's Solar Dynamics Observatory said.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
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.
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.
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
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'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.
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.
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.
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.