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.
paycheck protection program
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.
Strip club owner won't have to pay back millions in PPP aid
The owner of Rick's Cabaret got $5.4 million from the Paycheck Protection Program. Its stock soared 70% this year.
Details on $900 billion COVID stimulus bill
Congress has agreed on a $900 billion coronavirus relief package which includes a new round of stimulus checks and restored supplemental unemployment benefits. CBS News political reporter Grace Segers joins CBSN AM to break down what's in the bill and what it means for the incoming Biden administration.
State of COVID economic relief negotiations
House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer said they support a new bipartisan $908 billion COVID-19 economic relief proposal as a baseline for negotiations. It includes money for small businesses, unemployment insurance, and local governments. Neil Bradley, executive vice president and chief policy officer of the U.S. Chamber of Commerce, joined "CBSN AM" to discuss.
Latest News
Suspected Highland Park parade gunman charged with 7 counts of first-degree murder
A gunman attacked paradegoers from a rooftop, killing 7 people, during a Chicago suburb's July Fourth festivities.
What we know about the suspect in the Highland Park shooting
Hours after a gunman opened fire on a suburban Fourth of July parade, police took a man into custody.
2-year-old boy's parents both killed in Highland Park parade shooting
The boy was not hurt. Strangers took him to a fire station, and he was eventually reunited with his grandparents.
"My wife is struggling": Brittney Griner's wife on WNBA star's detention
In a handwritten letter from Brittney Griner that was delivered to the White House, Griner wrote about how terrified she is.
Grandfather visiting from Mexico among the parade shooting victims
Nicolas Toledo's granddaughter said her father tried to shield her grandfather and was shot in the arm; her boyfriend also was shot in the back.
Biden awards Medal of Honor to 4 soldiers for heroism in Vietnam
The president awarded the nation's highest military decoration to four soldiers for their service in Vietnam.
One family's wrenching decision to sell a girl into marriage for food
"I know I'm young," Nyekuoth Manyuan told CBS News. "But the food's been taken away, and I want my family to survive."
Body parts, gear found on Italian glacier after avalanche
A huge chunk of the glacier cleaved off Sunday, sparking an avalanche that sent torrents of ice, rock and debris plowing down the mountainside onto unsuspecting hikers below.
76 million-year-old dinosaur skeleton to be auctioned in New York City
Sotheby's presale estimate for the fossil is $5 million to $8 million.
U.S.
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2-year-old boy's parents both killed in Highland Park parade shooting
The boy was not hurt. Strangers took him to a fire station, and he was eventually reunited with his grandparents.
Biden awards Medal of Honor to 4 soldiers for heroism in Vietnam
The president awarded the nation's highest military decoration to four soldiers for their service in Vietnam.
Suspected Highland Park parade gunman charged with 7 counts of first-degree murder
A gunman attacked paradegoers from a rooftop, killing 7 people, during a Chicago suburb's July Fourth festivities.
Crude falls below $100 a barrel for the first time since May 11
Gasoline is now below $5 a gallon across most of U.S. Prices at pump could fall another 40 to 65 cents, expert says.
Americans are eating into pandemic savings to cope with inflation
Low-income workers are the only group not to touch their savings yet due to strong wage gains, a new analysis finds.
MoneyWatch
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Crude falls below $100 a barrel for the first time since May 11
Gasoline is now below $5 a gallon across most of U.S. Prices at pump could fall another 40 to 65 cents, expert says.
Americans are eating into pandemic savings to cope with inflation
Low-income workers are the only group not to touch their savings yet due to strong wage gains, a new analysis finds.
Companies offering abortion travel benefits face privacy hurdles
Most big companies offering an abortion travel benefit will likely add it to existing health care plans, says expert.
Can't "out-budget" inflation? Here are things you can do
Rising prices feel impossible to manage when money is already tight. These tips might help.
San Francisco couple banned from parking car on their property
"To all of a sudden to be told you can't use something that we could use for years, it's startling," Ed Craine said.
Politics
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Georgia grand jury investigating Trump wants testimony from Giuliani, Graham
A special grand jury in Fulton County, Georgia, is probing potential interference in the state's 2020 elections.
California's Newsom to Floridans in new ad: "Join us"
Gov. Gavin Newsom is running for reelection in California, but his latest television ad is airing in Florida.
Cheney says Jan. 6 committee could make criminal referral for Trump
Committee members say new information is coming to light following Cassidy Hutchinson's testimony.
Last WWII Medal of Honor recipient to lie in honor at U.S. Capitol
Williams, a retired U.S. Marine Corps officer and the last living medal of honor recipient from World War II, died Wednesday at 98 years old.
Full transcript of "Face the Nation" on June 26, 2022
On this "Face the Nation" broadcast, Secretary Alejandro Mayorkas and Rep. Adam Schiff join Margaret Brennan.
Health
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Health
Juvenile arthritis or growing pains?
Dr. Karen Onel, pediatric rheumatology chief, explains symptoms of stiffness and joint swelling to look for in children.
Ice cream sold in Florida linked to listeria outbreak, CDC says
Anyone who has products from Big Olaf Creamery, which is based in Sarasota, should throw them away, the CDC said.
Bruce Murray on why soccer may be linked to brain damage
Murray, who retired in 1995 after multiple concussions and collisions, is speaking out about his own struggles with memory and why his days on the field may have caused CTE, or chronic traumatic encephalopathy.
Companies offering abortion travel benefits face privacy hurdles
Most big companies offering an abortion travel benefit will likely add it to existing health care plans, says expert.
Dangerous bacteria found in ground meat
A new Consumer Reports investigation found dangerous and potentially deadly bacteria in some ground meat sold in supermarkets around the U.S. Consumer Reports deputy editor for special projects Brian Vines joins "CBS Mornings" to talk about the "alarming" findings, and offers tips for safely cooking and eating ground meat this summer grilling season.
World
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When will airlines be back on track?
Staffing shortages and weather delays disrupted thousands of flights over the July 4 holiday. It could take weeks for airlines to stabilize schedules.
Migrant semi-trailer survivor reveals what may have saved her life
Speaking by phone from her hospital bed, 20-year-old Yenifer Yulisa Cardona Tomás said "people were yelling, some cried."
One family's wrenching decision to sell a girl into marriage for food
"I know I'm young," Nyekuoth Manyuan told CBS News. "But the food's been taken away, and I want my family to survive."
NATO allies sign accession protocols for Finland and Sweden
"We will be even stronger and our people will be even safer as we face the biggest security crisis in decades," NATO secretary general says.
Freeze-dried mice: How a new technique could help conserve species
The United Nations has warned that extinctions are accelerating worldwide and at least a million species could disappear.
Entertainment
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Entertainment
"Into the Woods" returns to Broadway
Grammy award-winning singer-songwriter Sara Bareilles joins "CBS Mornings" to discuss her role starring in the revival of "Into The Woods" on Broadway. She speaks on the healing power of the show and its important messages.
Here Comes The Sun: Mikhail Baryshnikov
Dancer and actor Mikhail Baryshnikov sits down with Anthony Mason to discuss his role in “The Cherry Orchard” at Baryshnikov Arts Center in New York. He also voices his opinion on the ongoing war in Ukraine. Also, David Pogue meets the creators of Marcel the Shell, an animated character who stars in the film “Marcel the Shell with Shoes On.” “Here Comes The Sun” is a closer look at some of the people, places and things we bring you every week on “CBS Sunday Morning.”
How the "American Woman" guitar got back to its owner 46 years later
CBS News hears the unlikely story of how rock star Randy Bachman's got his favorite guitar back from the man himself, and the two others who made it happen.
Venice to impose fee on day-trippers to preserve historic city
In January, same-day tourists will be required to make reservations and pay to visit the historic lagoon city.
Randy Bachman's 1976 stolen guitar returned
Randy Bachman made hits like "American Woman" and "Takin' Care of Business" on a pumpkin orange 1957 Gretsch, a guitar he'd bought with savings as a teenager. But the instrument that the founding member of The Guess Who and Bachman-Turner Overdrive had learned to play on was stolen in 1976. CBS News senior foreign correspondent Elizabeth Palmer speaks with Bachman and the sleuth that tracked down his long lost guitar.
Technology
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Technology
Voyager Digital suspends crypto trading
Digital asset brokerage company Voyager Digital is the latest casualty of the cryptocurrency meltdown. CBS News tech reporter Dan Patterson joins Anne-Marie Green to discuss what this means for investors.
Google to delete location history for visits to abortion clinics
Visits to counseling centers, fertility centers, addiction treatment facilities, weight loss clinics and cosmetic surgery clinics will also be erased from users' location histories.
FCC wants TikTok removed from app stores
FCC Commissioner Brendan Carr has issued an order for Apple and Google to remove TikTok from their app stores, citing a pattern of surreptitious data storage and access. The FCC gave Apple and Google until July 8 to respond. CBS News tech reporter Dan Patterson joins anchors Tanya Rivero and Nikki Battiste to explain the controversy.
Big Tech faces pressure on abortion cases
Tech companies are facing numerous questions on whether they will cooperate with law enforcement officials who may seek to prosecute abortions where the procedure is now banned. CBS News tech reporter Dan Patterson has more on the pressures these companies are facing, including from their own employees.
Summer gadgets to help you stay cool
CNET editorial director Dan Ackerman joins "CBS Mornings" to share innovative technology that can help families beat the heat and save money this summer.
Science
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Freeze-dried mice: How a new technique could help conserve species
The United Nations has warned that extinctions are accelerating worldwide and at least a million species could disappear.
"Engine Trouble": How greenhouse gases threaten our world
The Supreme Court's ruling on Thursday limiting the Environmental Protection Agency's ability to strictly regulate greenhouse gas emissions from power plants makes the effort to counter climate change much more difficult. In this "CBS Sunday Morning" video essay, writer and narrator Robert Krulwich explains why rising levels of carbon dioxide in our air since the beginning of the Industrial Revolution pose an existential threat to us and our planet. Based on the work of Aatish Bhatia. Animation directed and designed by Nate Milton. Music by Buck St. Thomas.
New York denies permit renewal for bitcoin mining company
State officials said Greenidge Generation's mine is a threat to New York's climate goals. A Greenidge spokesperson says, "It simply would not."
2022 wildfire season sparks to life
Dozens of wildfires were burning across the nation this week. Climate change is making these fires more frequent and intense, and the crews that fight them are feeling the toll. CBS News’ Ben Tracy sat down with Kelly Martin, president of the Grassroots Wildland Firefighters Association, to talk about what these brave firefighters go through.
Another giant African snail sighting forces Florida county into quarantine
Florida officials confirmed the recurrence of an invasive snail species that destroys wildlife and poses serious threats to human health.
Crime
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Suspected Highland Park parade gunman charged with 7 counts of first-degree murder
A gunman attacked paradegoers from a rooftop, killing 7 people, during a Chicago suburb's July Fourth festivities.
Independent probe to look into Akron police shooting
Eight Akron police officers involved in the deadly shooting of Jayland Walker are facing an independent state investigation in Ohio, a first for the department. Elise Preston reports.
Mother recounts escaping July 4 parade rampage
Adriana Diaz spoke with a mother of three young boys who was at the Highland Park parade with her family when a gunman opened fire. She described running from the gunfire and trying to protect her children from seeing the carnage.
Officials identify parade shooting victims
Officials in Highland Park, Illinois, held a news conference Tuesday afternoon to release the identities of seven people killed in the Fourth of July parade shooting. They also detailed two prior instances when police were called about the person of interest in the shooting, Robert E. Crimo III. Watch the full briefing.
At least 7 killed in shooting at Illinois parade; person of interest in custody
A person of interest was arrested more than eight hours after the shooting following a brief vehicle pursuit.
Space
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NASA loses contact with moon-bound spacecraft
The low-cost spacecraft is a pathfinder to test an unusual lunar orbit for NASA's Artemis moon program.
Atlas 5 launches early warning testbed satellite
New infrared sensor technology is designed to improve detection of ballistic and hypersonic weapons.
SpaceX launches SES communications satellite
The SES-22 relay station is the first of six new satellites that will deliver TV, radio and data across the U.S.
First Mexican-born woman to go to space describes "fascinating" journey
"Seeing the Earth from the outside ... it really puts things into perspective," Katya Echazarreta said.
55-pound spacecraft heads to moon to test "halo" orbit for NASA
The solar-powered microwave oven-sized craft is a key part of the agency's Artemis moon program.
Latest Galleries
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Live music is back on stage 2022
Concerts are back on track, with rock, heavy metal, country and hip hop artists returning to live performances.
Best shows to watch on Netflix right now
One of these shows could be your next binge obsession.
Best movies streaming right now on Netflix
Looking for something fresh to watch? Here are the top films available on the streaming platform.
The 31 deadliest jobs in America in 2022, ranked
If you work in one of these industries, you already know the risks.
The end of Roe v. Wade: America reacts
As abortion-rights activists mourned the end of an era, anti-abortion advocates celebrated a long-fought victory.
Latest Videos
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Latest Videos
July 4 weekend marked by gun violence
The Fourth of July weekend became one of chaos and carnage amid a weekend of gun violence, including a mass shooting at a Highland Park, Illinois, parade. For many, the day to celebrate our freedoms is now the day they'll forever mourn a loved one.
Georgia prosecutor seeks testimony from Trump allies
The Georgia prosecutor looking into former President Donald Trump's efforts to overturn the state's 2020 election results wants several Trump allies, including Rudy Giuliani and Republican Sen. Lindsey Graham, to testify before the special grand jury investigating the scheme.
Biden awards Medal of Honor to 4 Vietnam War vets
President Biden awarded the Medal of Honor to four U.S. Army soldiers for "incredible heroism" during the Vietnam War. David Martin shares more on the recipients.
Millions in path of severe storms and flash floods
More than 25 million Americans from Montana to South Carolina are in the path of severe thunderstorms, high winds and flash floods. Excessive heat warnings and advisories are in effect in the Great Plains and Midwest. Weather Channel meteorologist Chris Warren takes a look.
Independent probe to look into Akron police shooting
Eight Akron police officers involved in the deadly shooting of Jayland Walker are facing an independent state investigation in Ohio, a first for the department. Elise Preston reports.