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.
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.
Follow live updates as former President Donald Trump's criminal trial continues in New York.
A Black man in Ohio, Frank Tyson, seen handcuffed and facedown on a bar floor in the video, died in police custody. Officers involved have been placed on paid administrative leave.
Sabreen Erooh had survived an emergency cesarean section after her mother was fatally wounded in an Israeli airstrike.
President Biden finds familiar and active allies for his reelection bid with labor union endorsements.
Trump has in the past railed against absentee voting, declaring that "once you have mail-in ballots, you have crooked elections."
Alabama has set a July 18 execution date for a man convicted in the 1998 shooting death of a delivery driver who had stopped at an ATM.
Hundreds of people have been arrested in California, New York, Massachusetts, Texas, Georgia and other states during the tense protests on college campuses.
A 20-year-old British man has been charged with plotting an arson attack on a Ukraine-linked target in London at the behest of Russia.
The Heisman Trophy was returned to former University of Southern California running back Reggie Bush Thursday after a 14-year dispute with the NCAA.
Follow live updates as former President Donald Trump's criminal trial continues in New York.
Trump has in the past railed against absentee voting, declaring that "once you have mail-in ballots, you have crooked elections."
A look at the features for this week's broadcast of the 2023 News & Documentary Emmy-winner for Outstanding Recorded News Program, hosted by Jane Pauley.
If ratified, one effect of the change is that it could allow for the American church to authorize same-sex marriages within the church.
The Heisman Trophy was returned to former University of Southern California running back Reggie Bush Thursday after a 14-year dispute with the NCAA.
A new rule will affect frozen breaded and stuffed raw chicken products that appear to be fully cooked but are only heat-treated.
The National Highway Traffic Safety Administration is investigating whether last year's recall of Tesla's Autopilot driving system did enough to make sure drivers pay attention to the road.
Some 46.8% of luxury homes were bought entirely with cash in the three months ended February 29, the highest share in a decade, according to Redfin.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
U.S. regulators are reviving a rescinded rule, laying the groundwork for for a major court fight with the broadband industry.
Follow live updates as former President Donald Trump's criminal trial continues in New York.
Trump has in the past railed against absentee voting, declaring that "once you have mail-in ballots, you have crooked elections."
After meeting China's leader Xi Jinping, Antony Blinken says both sides agree that difficult discussions are essential to avoid "any miscalculations."
President Biden finds familiar and active allies for his reelection bid with labor union endorsements.
Former National Enquirer boss David Pecker appeared on the stand for the third day, detailing an agreement the tabloid made with a former Playboy model.
Are you using your smartwatch to the fullest? Here are 4 metrics doctors say can be useful to track beyond your daily step count.
Joel Embiid has been experiencing Bell's palsy symptoms, he said after Philadelphia's 125-114 win over the New York Knicks.
CDC's provisional figures show a 2% decline in births from 2022 to 2023.
Don't brush your teeth after breakfast? Or after vomiting? Dentists say it can wear away your enamel. Here's what to do instead.
Federal officials say they're double checking whether pasteurization has eradicated the danger from possible bird virus particles in milk.
A Bucharest court has ruled that a case against social media influencer Andrew Tate meets the required legal criteria and can go ahead, but there's no date set yet.
A 20-year-old British man has been charged with plotting an arson attack on a Ukraine-linked target in London at the behest of Russia.
In Tanzania, heavy rains have affected more than 200,000 people and ruined major infrastructure, officials said.
A pair of bears picked the wrong person to mess with when they approached a 50-year-old karate practitioner.
Sabreen Erooh had survived an emergency cesarean section after her mother was fatally wounded in an Israeli airstrike.
Preview: In an interview to be broadcast on "CBS News Sunday Morning" April 28, the Oscar-nominated actress also talks about her debut as a singer-songwriter with the album "Glorious."
Looking for a place to live in NYC? Zillow is now listing Frank Sinatra and Mia Farrow's former home on the Upper East Side.
Italy's Culture Ministry has banned loans of works to the Minneapolis Institute of Art, following a dispute with the U.S. museum over an ancient marble statue believed to have been looted from Italy almost a half-century ago.
The renowned Moulin Rouge cabaret venue's director has vowed to "rise to the challenge" after the windmill's sails fell off.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
Are you using your smartwatch to the fullest? Here are 4 metrics doctors say can be useful to track beyond your daily step count.
Local and federal authorities face challenges in investigating and prosecuting romance scammers because the scammers are often based overseas. Jim Axelrod explains.
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.
U.S. regulators are reviving a rescinded rule, laying the groundwork for for a major court fight with the broadband industry.
Meta began rolling out its new AI-powered smart assistant software, saying it will be integrated across Instagram, Facebook and Messenger. Adam Auriemma, editor-in-chief for CNET, joined CBS News to discuss the new tool.
Pediatrician Dr. Mona Hanna-Attisha, whose work has spurred official action on the Flint water crisis, told CBS News that it's stunning that "we continue to use the bodies of our kids as detectors of environmental contamination." She discusses ways to support victims of the water crisis, the ongoing work of replacing the city's pipes and more in this extended interview.
Ten years ago, a water crisis began when Flint, Michigan, switched to the Flint River for its municipal water supply. The more corrosive water was not treated properly, allowing lead from pipes to leach into many homes. CBS News correspondent Ash-har Quraishi spoke with residents about what the past decade has been like.
According to the University of California, Davis, residential energy use is responsible for 20% of total greenhouse gas emissions in the U.S. However, one company is helping residential buildings reduce their impact and putting carbon to use. CBS News' Bradley Blackburn shows how the process works.
Emerging cicadas are so loud in one South Carolina county that residents are calling the sheriff's office asking why they can hear a "noise in the air that sounds like a siren, or a whine, or a roar." CBS News' John Dickerson has details.
Representatives from across the world are gathering in Ottawa, Canada, to negotiate a potential treaty to limit plastic pollution. CBS News national environmental correspondent David Schechter has the latest on the talks.
A Bucharest court has ruled that a case against social media influencer Andrew Tate meets the required legal criteria and can go ahead, but there's no date set yet.
After Kristen Trickle died at her home in Kansas, her husband Colby Trickle received over $120,000 in life insurance benefits and spent nearly $2,000 on a sex doll supposedly to help him sleep.
Expert panel discussion centers the focus on the disparity that 1 in 3 victims of crime in Chicago is a Black woman
The State of New York Court of Appeals overturned Harvey Weinstein's 2020 rape conviction Thursday and has ordered a new trial. Julie Rendelman, a criminal defense attorney, and CBS News national correspondent Jericka Duncan look at the possible reasons why it was overturned and what it means for Weinstein, who was also convicted of rape in Los Angeles in 2022.
A New York appeals court overturned Harvey Weinstein's 2020 conviction on felony sex crimes. The court ruled that the disgraced movie mogul did not have a fair trial because the judge who presided over the case allowed women to testify about allegations that were not part of the charges against him. Weinstein will remain in prison because of his rape conviction in Los Angeles.
Astronauts Barry Wilmore and Sunita Williams say they have complete confidence in the Starliner despite questions about Boeing's safety culture.
In 1961, Ed Dwight was selected by President John F. Kennedy to enter an Air Force training program known as the path to NASA's Astronaut Corps. But he ultimately never made it to space.
The creepy patterns were observed by the European Space Agency's ExoMars Trace Gas Orbiter.
The Shenzhou 18 crew will replace three taikonauts aboard the Chinese space station who are wrapping up a six-month stay.
In November 2023, NASA's Voyager 1 spacecraft stopped sending "readable science and engineering data."
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
We look back at the life and career of the longtime host of "Sunday Morning," and "one of the most enduring and most endearing" people in broadcasting.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Police have made arrests at universities across the country amid the rising number of protests that have broken out over Israel's actions in Gaza. At Emory University in Atlanta, police used tear gas on protesters. The University of Southern California announced it's canceling its main commencement ceremony over what it calls safety concerns. CBS News Texas reporter Jason Allen and CBS News correspondent Lilia Luciano have the latest.
Trillions of cicadas are emerging in some parts of the country after laying dormant for more than a decade. In Illinois, two broods will co-emerge for the first time in over 200 years. The collective noise from the insects can be as loud as a jet engine. Jonathan L. Larson, extension entomologist for the University of Kentucky, joined CBS News to discuss the emergence.
The judge in Donald Trump's "hush money" trial says more arguments will be heard next Thursday over whether the former president should be held in contempt for allegedly violating the gag order set in the case. CBS News correspondent Errol Barnett has more on that and the resumption of testimony from former National Enquirer publisher David Pecker.
Former National Enquirer publisher David Pecker's testimony will continue in Donald Trump's New York criminal trial Friday morning, a day after he revealed new details about the alleged "catch and kill" scheme he engaged in for the Trump campaign in 2016. CBS News correspondent Errol Barnett has more.
Demonstrations over the war in Gaza are growing on college campuses across the country. Columbia University students are digging in for their 10th day of demonstrations after the school retreated from its midnight deadline to break up an encampment. CBS News Boston reporter Penny Kmitt reports from Northeastern University where another encampment has been built as part of protests there.