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.
Paycheck Protection Program
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.
Small business owner makes profits after PPP loan
Earlier this year, CBS News spoke with a small business owner who said the federal Paycheck Protection Program was not ideal for his business. But with the help from the program and after some restructuring, he now says his business is more profitable than it was before the coronavirus outbreak. Joe Walsh, owner of Green Clean Maine, an environmentally friendly cleaning service in Maine, joins CBSN to discuss how his business became a success story in the pandemic.
Who needs a second round of stimulus the most?
Millions of Americans are waiting for lawmakers on Capitol Hill to come to an agreement on a second coronavirus stimulus package. It's been months now since funds from the original CARES Act ran out. Dr. Lisa Cook, a professor of economics at Michigan State University and a former senior economist at the President's Council of Economic Advisers, discusses who needs a second round of stimulus the most, and why lawmakers should have a better system in place for the next economic crisis.
Cleaning company is more profitable than it was pre-COVID
Owner of home-cleaning service said the funds allowed him to restructure his small business. Now it's more efficient.
Workers being laid off twice as COVID ripples through economy
As PPP business loans run out, economists see a second wave of layoffs. "It feels completely arbitrary," said one worker made jobless.
Trump calls on Congress to pass COVID relief after calling off negotiations
The president urged Senate Majority Leader Mitch McConnell to focus on confirming his nominee to the Supreme Court.
NFL player charged in alleged COVID-19 relief loan scam
Bellamy allegedly used the loan to buy more than $100,000 on luxury goods and spent over $60,000 at the Seminole Hard Rock Hotel and Casino.
JPMorgan probes customers, employees over possible PPP fraud
CEO Jamie Dimon said in an internal memo that the bank has found evidence of illegal behavior.
Pivot to online store helps Legacy Toys grow
Legacy Toys in Minnesota was able to use their PPP loan to bring furloughed employees back to work and launch an online store. That revenue stream helped their brick-and-mortar locations survive the pandemic. Legacy Toys owner Brad Ruoho tells CBSN about the company's growth and his passion for educating children.
PPP loans seen as "fertile ground" for scams
Treasury Secretary Steve Mnuchin is testifying before a House committee where he is expected to be asked about the potential for fraudulent loans acquired under the Paycheck Protection Program. CBS News political reporter Grace Segers spoke to CBSN's Tanya Rivero about where the money went and if the government will be able to get it back.
Mnuchin defends federal pandemic response, urges more aid
A new report found thousands of small businesses loans under the Paycheck Protection Program were vulnerable to fraud or abuse.
Harleys and Lamborghinis: PPP fraud cases are piling up
Financial fraud experts said banks and the federal government haven't done enough background checking on applicants.
Chicago Fed chief: More coronavirus aid "incredibly important"
The president of the Federal Reserve Bank of Chicago said additional federal aid is needed to address the economic impact of the pandemic.
Also getting PPP loans: Businesses where sales have boomed
Millions in Paycheck Protection Program loans have flowed to industries that it turns out were boosted by COVID-19.
NY politician turns office into food pantry
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.
Man charged with using ill-gotten PPP funds in Vegas and on stocks
Feds say L.A. man fraudulently obtained some $9 million from the federal Paycheck Protection Program, used some in Vegas and some on stock market
For ex-cons, a new chance at Paycheck Protection loans
Business owners with prior criminal convictions are now landing emergency loans after previously being barred.
Reapplying for PPP loans
Sharon Richardson is an ex-convict who was denied a PPP loan in April. She tells the story of how her mentor encouraged her to reapply for funding after changes in eligibility requirements from the Small Business Administration.
After lobbying, Catholic Church won $1.4 billion in virus aid
The Catholic Church used an unprecedented exemption to amass at least $1.4 billion in taxpayer-backed aid.
Treasury names small businesses receiving PPP loans
The names make up less than 15% of the nearly 5 million small businesses that received forgivable, low-interest loans.
Politically-connected companies get PPP funds
Newly released data reveals new information about some of the companies that received millions of dollars in coronavirus bailout funds. The loans are part of the Paycheck Protection Program created to help small businesses cover payroll expenses during the pandemic. ProPublica senior reporter Jack Gillum joins CBSN's Elaine Quijano with the details.
Trump urges schools to reopen this fall
President Trump met with health officials, educators and students at the White House on Tuesday to urge schools reopen this fall amid the coronavirus pandemic. CBS News' Skyler Henry joins CBSN's Elaine Quijano to discuss the steps the nation's top health experts are saying schools need to consider.
Kanye West's Yeezy got millions in small business loans
Mogul's clothing brand best known for $250 sneakers received lift from the U.S. government's pandemic rescue fund.
Trump trial live updates as Stormy Daniels returns to the stand today
Stormy Daniels' rapid-fire and sensational testimony in Donald Trump's criminal trial continued for a second day Thursday.
Biden says U.S. won't supply Israel with weapons for Rafah offensive
President Biden said in an interview with CNN he's "made it clear" to Israelis that "they're not going to get our support" if they attack Rafah's population centers.
Nitrogen gas execution set for inmate who survived lethal injection
A convicted murderer who survived a botched lethal injection is now set to be executed by nitrogen hypoxia in Alabama.
Does college pay off? For many, it only takes a few years, study says.
A new study of low- and moderate-income students in California finds that most recoup their educational costs after only a few years.
The United Methodist Church voted for LGBT inclusion — what's next
The changes immediately open new doors for LGBTQ members — but over a quarter of U.S. congregations have already left the UMC, and more could follow.
Video games help and harm U.S. teens, Pew survey says
More than 1,400 teens from ages 13 to 17 participated in the survey last fall, answering questions on various aspects of their relationship with video games.
Ascension health care network disrupted by cyberattack
Ascension said it responded immediately, and access to some systems has been interrupted with remediation efforts in progress.
Democrats seek to make GOP candidates pay for threats to reproductive rights
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
Deputies burst into wrong apartment, fatally shot airman, lawyer says
Florida sheriff deputies burst into the wrong apartment and fatally shot Senior Airman Roger Fortson, Civil rights attorney Ben Crump said.
U.S.
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Disney and Warner Bros. are bundling their streaming platforms
Disney and Warner Bros. Discovery plan to launch a combined Disney+, Hulu and Max streaming service this summer.
Does college pay off? For many, it only takes a few years, study says.
A new study of low- and moderate-income students in California finds that most recoup their educational costs after only a few years.
Nitrogen gas execution set for inmate who survived lethal injection
A convicted murderer who survived a botched lethal injection is now set to be executed by nitrogen hypoxia in Alabama.
Video games help and harm U.S. teens, Pew survey says
More than 1,400 teens from ages 13 to 17 participated in the survey last fall, answering questions on various aspects of their relationship with video games.
The United Methodist Church voted for LGBT inclusion — what's next
The changes immediately open new doors for LGBTQ members — but over a quarter of U.S. congregations have already left the UMC, and more could follow.
MoneyWatch
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Disney and Warner Bros. are bundling their streaming platforms
Disney and Warner Bros. Discovery plan to launch a combined Disney+, Hulu and Max streaming service this summer.
Does college pay off? For many, it only takes a few years, study says.
A new study of low- and moderate-income students in California finds that most recoup their educational costs after only a few years.
Ascension health care network disrupted by "cyber security event"
Ascension said it responded immediately, and access to some systems has been interrupted with remediation efforts in progress.
Hyundai finance unit accused of illegally seizing U.S. soldiers' cars
Justice Department accuses Hyundai Capital America of failing to obtain court orders before repossessing service members' cars.
Rents are rising far faster than wages, especially in these U.S. cities
The median U.S. rent now hovers around $2,000 a month, consuming a growing chunk of people's paychecks.
Politics
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Trump trial live updates as Stormy Daniels returns to the stand today
Stormy Daniels' rapid-fire and sensational testimony in Donald Trump's criminal trial continued for a second day Thursday.
Democrats seek to make GOP candidates pay for threats to reproductive rights
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
Barron Trump selected as Florida delegate to Republican National Convention
The judge overseeing former President Donald Trump's "hush money" trial gave Trump permission to attend Barron Trump's high school graduation later this month.
House tables Marjorie Taylor Greene's effort to oust Speaker Mike Johnson
Greene's move marked a reversal from a day earlier, when the Georgia Republican appeared to retreat from her threat to trigger a vote to remove Johnson as speaker.
U.S. to empower asylum officials to reject more migrants earlier in process
The Biden administration is planning to announce a new regulation designed to allow immigration officials to deport migrants ineligible for U.S. asylum earlier in the process.
HealthWatch
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Over 321,000 U.S. children lost a parent to overdose over 10 years, study finds
Almost 650,000 people aged 18 to 64 died of a drug overdose from 2011 to 2021, researchers found.
Hy-Vee, Schnucks recall cream cheese spreads due to salmonella risk
Regional grocery chains separately recall cheese spreads sold across the Midwest because they may be tainted with bacteria.
Study seeks to find out why Black women have the highest death rate for most cancers
The American Cancer Society is trying to find out why Black women have the highest death rate for most cancers.
Tweens are obsessed with skin care. Experts share do's and don'ts
The trend of teens and tweens obsessing over skin care is "at its max," one dermatologist says.
Study raises concern over exposure to flame retardant chemicals in some car seats
According to a new study, "vehicles are likely important sources of human exposure to potentially harmful" flame retardants.
World
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"Absolutely stunning" rare electric blue lobster caught in England
The blue lobster could have sold for roughly $30 based on her size, but it was decided to donate her to an aquarium to keep her safe instead.
18 bodies — 9 left with messages — found in Mexico
Nine men were found dead in the city of Morelos in Zacatecas — a day after nine bodies were found on an avenue in the city of Fresnillo.
Rat parts in sliced bread spark wide product recall in Japan
A Japanese breadmaker "would like to apologize deeply for causing trouble" after black rat parts were found in 2 sliced break packets.
Sudan paramilitary forces accused of possible genocide as civil war rages
Human Rights Watch says Sudan's RSF forces are waging "an ethnic cleansing campaign" in Darfur, warns another massacre may be looming.
Details emerge about alleged killer of Australian and U.S. surfers
The suspect's girlfriend reportedly told investigators he showed up at her house and told her he had done something to "three gringos."
Entertainment
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Entertainment
Rainn Wilson on hosting podcast "Soul Boom"
Award-winning actor Rainn Wilson, famed for his role as Dwight Schrute in "The Office," joins "CBS Mornings" to talk about hosting the new podcast 'Soul Boom,' inspired by his bestselling book.
Miss Teen USA gives up title days after Miss USA resigned
UmaSofia Srivastava resigned as Miss Teen USA on Wednesday, just two days after Noelia Voigt stepped down as Miss USA.
Travis Kelce joins upcoming horror TV series "Grotesquerie"
"Grotesquerie" star Niecy Nash took to social media to show off her new co-worker, Travis Kelce, on the new horror-drama TV series by "American Horror Story" creator Ryan Murphy.
Steve Albini, rock musician and producer behind Nirvana and Pixies albums, dies at 61
Brian Fox, a fellow producer and engineer at Albini's Electrical Audio studio in Chicago, confirmed Albini passed away Tuesday night from a heart attack.
Actor Hoa Xuande on his rise in Hollywood
As part of AAPI month, "CBS Mornings" partnered with the organization Gold House to celebrate its A 100 list, which recognizes this year's most impactful Asian-Pacific leaders. One of the honorees is actor Hoa Xuande. You may recognize him for his lead role in the HBO show "The Sympathizer." He stars alongside Sandra Oh and Robert Downey Jr. Jo Ling Kent met the rising star, whose unlikely Hollywood journey shows no signs of stopping.
Technology
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Technology
Sting operation stresses social media dangers
An undercover sting operation in New Mexico is renewing calls by law enforcement for social media platforms to do more to protect kids online. Bodycam video exclusively obtained by CBS News shows how police took down a suspected sexual predator allegedly targeting kids on Facebook messenger.
Microsoft: More workers are adopting AI
A new Microsoft report shows that 75% of workers now use artificial intelligence at their jobs. Jared Spataro, Microsoft's corporate vice president of AI at work, joins CBS News to discuss how the technology is changing workplaces.
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.
The ethical challenges of AI on battlefield
Artificial intelligence has revolutionized how millions work and the same is true for militaries worldwide. Autonomous weapons systems are already on the battlefield in Ukraine and Gaza. Dr. C. Anthony Pfaff, research professor at U.S. Army War College, joins CBS News to discuss.
Spirit AeroSystems whistleblower speaks out
Santiago Paredes spent a decade doing final inspections on 737 fuselages for Spirit AeroSystems, one of Boeing's largest suppliers. He says he filed an ethics complaint when his managers asked him to speed up inspections about where he was finding issues, and when he was ignored, he eventually resigned. He spoke exclusively to Kris Van Cleave.
Science
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Video shows plasma swirling on sun in "exquisite detail"
In the video, the surface of the sun appears furred with dark yellow material as beams of gold swoop overhead.
NASA simulation mimics flying into black hole's "point of no return"
The visualization, produced on a NASA supercomputer, allows users to experience flight towards a supermassive black hole.
Long-awaited Boeing Starliner launch scrubbed
Boeing's Starliner was set to make its maiden voyage to the International Space Station, with its first piloted launch Monday night. But the launch, already pushed back following years of delays, was scrubbed with less than two hours to go before liftoff. Mark Strassmanm reports.
Hammerhead flatworm sightings in Canada
Reported sightings of giant, toxic, invasive hammerhead flatworms are on the rise in parts of southeastern Canada. Experts say the worms can grow up to 3 feet long and pose a risk to children, pets and other small animals. Peter Ducey, PH.D. and distinguished teaching professor at SUNY Cortland, joins CBS News to discuss the worm.
Ingenuity, NASA's "little 'copter that could" (and did!)
When NASA added a tiny four-pound helicopter as a stowaway to its Mars 2020 lander, it expected the helicopter to fly five very brief flights in the thin Martian atmosphere. Yet, Ingenuity would far surpass all expectations.
Crime
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18 bodies — 9 left with messages — found in Mexico
Nine men were found dead in the city of Morelos in Zacatecas — a day after nine bodies were found on an avenue in the city of Fresnillo.
Details emerge about alleged killer of Australian and U.S. surfers
The suspect's girlfriend reportedly told investigators he showed up at her house and told her he had done something to "three gringos."
UC Riverside student accused of building AR-15-style rifle in campus apartment
Campus police discovered an assault rifle registered to the student, as well as several high-capacity magazines, ammunition and "hand-drawn images in a journal depicting a violent act."
New Mexico AG again accuses Meta of failing to address child exploitation
A sting, part of "Operation MetaPhile," led to the arrests of two men at the same New Mexico motel Tuesday.
Deputies burst into wrong apartment, fatally shot airman, lawyer says
Florida sheriff deputies burst into the wrong apartment and fatally shot Senior Airman Roger Fortson, Civil rights attorney Ben Crump said.
Space
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"God's Hand" revealed in "ominous" new image
In the image, "a ghostly hand appears to be emerging from the interstellar medium and reaching out into the cosmos," the NOIRLab said.
Thick atmosphere detected around planet twice as big as Earth
The so-called super Earth — known as 55 Cancri e — is among the few rocky planets outside our solar system with a significant atmosphere.
Video shows plasma swirling on sun in "exquisite detail"
In the video, the surface of the sun appears furred with dark yellow material as beams of gold swoop overhead.
Starliner launch delayed to at least May 17 to replace suspect valve in Atlas 5 rocket
United Launch Alliance decided to replace a suspect valve in the Atlas 5 rocket's upper stage, delaying launch to late next week.
NASA simulation mimics flying into black hole's "point of no return"
The visualization, produced on a NASA supercomputer, allows users to experience flight towards a supermassive black hole.
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
N.J. woman survives a home invasion, brutal stabbing by a young stranger
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
PHOTOS: Baltimore bridge collapses after cargo ship rams into overpass
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.
Could an Alabama woman have shot herself twice?
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?
CBS newsman Charles Osgood (1933-2024)
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.
Latest CBS News Videos
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Latest CBS News Videos
Stormy Daniels back on witness stand
Stormy Daniels is back on the witness stand in former President Donald Trump's New York criminal trial. Trump's attorneys will continue their cross-examination of the adult film star. CBS News correspondent Errol Barnett has more.
Last minute trip ideas for Mother's Day
Mother's Day is this weekend and if you're still trying to figure out what to get your mom, maybe a getaway is the answer. Erin Florio, executive editor of Condé Nast Traveler, joined CBS News with some ideas on where to go.
Airbnb launches new "Icons" experience
Airbnb CEO Brian Chesky has introduced "Icons," a new collection of unique experiences. This collection features stays at the "X-Men" mansion, the Minneapolis house from "Purple Rain" complete with exclusive Prince music, a private tour in the clocktower room of Musée d'Orsay and an immersive visit to the Ferrari Museum in Italy.
Rainn Wilson on hosting podcast "Soul Boom"
Award-winning actor Rainn Wilson, famed for his role as Dwight Schrute in "The Office," joins "CBS Mornings" to talk about hosting the new podcast 'Soul Boom,' inspired by his bestselling book.
Sneak peek: A Stabbing in Colts Neck
A woman outwits a young stranger who attacked her in her own home. What will it take to find him? "48 Hours" contributor Jim Axelrod reports Saturday, May 11 at 9/8c on CBS and streaming on Paramount+.