Senate extends small biz aid program just before its expiration
Move came hours before Paycheck Protection Program, or PPP, would have ended
Move came hours before Paycheck Protection Program, or PPP, would have ended
Federal loans "did not restore the vast majority of jobs that were lost following the COVID shock," analysis concludes.
CBS News is chronicling what has changed for residents of some of the biggest battleground states in 2020 amid the coronavirus pandemic. CBS campaign reporter LaCrai Mitchell speaks to CBSN's Lana Zak about black-owned businesses hit hard by COVID-19 in North Carolina and Florida.
As many as 650,000 companies that got PPP loans could start laying off employees when money ends in July, survey shows.
Hank and Linda Vance call Hank's Creekside Restaurant a "little bit of heaven on earth." Can they save it?
Toy company Jakks Pacific is one of 57 public companies awarded a total $102 million in aid from U.S. in recent weeks.
Paycheck program wrongly bars business owners with a criminal record from applying for aid, ACLU and others argue.
President Trump said Friday that May's jobs report is the first step in the country's comeback from the coronavirus pandemic; and that it will help race relations. CBS News chief Washington correspondent Major Garrett, CBSN political contributor and Democratic strategist Joel Payne and Republican strategist Joseph Pinion join CBSN to discuss.
The measure, which has already been approved by the House, eases restrictions on small businesses who received loans through the Paycheck Protection Program.
David Seixas fears the virus's devastating impact on city life will chase away patrons forever from his and others' businesses.
The Small Business Association has asked the healthcare giant to return the funds, but Planned Parenthood is refusing.
More than half of black and Hispanic small business owners said they could be forced to close within six months.
Small businesses are being hit hard by the coronavirus crisis. Joanne Canady-Brown, owner of the Gingered Peach Bakery in New Jersey, joins CBSN's Tanya Rivero to talk about how her business is coping.
CloudCommerce received nearly $800,000 on May 5.
As small business owners receive money from Congress' Paycheck Protection Program, some are worried about the heavy restrictions it imposes on allocating that money to payroll. Emily Flitter of the New York Times joined CBSN to discuss her reporting on the challenges small businesses are facing.
Tech company, which had $419 million in sales last year, is resisting pressure from lawmakers to return the funds.
The Paycheck Protection Program (PPP), passed by Congress as part of the CARES Act, was set up to distribute forgivable loans to small businesses shuttered over coronavirus. Several banks are being sued for allegedly funneling PPP loans to bigger corporate clients to maximize their processing fee profits. In the first batch of coronavirus relief, banks have raked in $10 billion. Yahoo Finance reporter and anchor Akiko Fujita joins Elaine Quijano in the CBSN studio to talk about the implications for banks' bottom lines, and the future of coronavirus aid to small businesses.
House panel issues a May 15 deadline to give back the low-interest aid, saying it's "intended for small businesses."
More than 12,000 Catholic churches have now applied for the government's small business loans – and 75% of those applications have been approved.
The coronavirus amounts to "a once-in-a-generation shattering of restaurant culture," the celebrated chef says.
"We are going to lose a ton of money," said one of the restaurant chain's franchise owners on coping with shutdowns.
More than a dozen companies that received federal aid for small business are looking to raise up to $1 billion in total.
Federal and state officials are examining the bank's lending practices under the Paycheck Protection Program.
The two men were arrested Tuesday and fraudulently sought more than $500,000 in loans from the Small Business Administration, the Justice Department alleges.
More small businesses getting loans in second round of federal loans. But big names still get help, including Denny's.
Former President Donald Trump was found guilty on 34 felony counts in a case stemming from a "hush money" payment to adult film star Stormy Daniels.
As the verdict was read, former President Donald Trump's eyes appeared to close, and his head shook slightly, lips pursed and eyes downcast.
Marian Robinson, the mother of former first lady Michelle Obama, has died at the age of 86, her family announced Friday.
CBS News fact checked four misleading claims Trump made about his trial in remarks he made Friday morning.
President Biden said Israel's proposal consists of three phrases. Hamas has not yet responded.
The top four leaders of the House and Senate invited Israeli Prime Minister Benjamin Netanyahu to address a joint meeting of Congress.
Senior Airman Roger Fortson was in his apartment when he was fatally shot by a deputy.
Jennifer Lopez was set to embark on a 30+ city tour to promote her new album "This is Me…Now," which dropped in February.
Tyson suffered a medical emergency on a flight from Miami to Los Angeles last weekend due to an ulcer flare up, his representatives said.
As the verdict was read, former President Donald Trump's eyes appeared to close, and his head shook slightly, lips pursed and eyes downcast.
Former President Donald Trump was found guilty on 34 felony counts in a case stemming from a "hush money" payment to adult film star Stormy Daniels.
Gunnery Sgt. Richard Remp served in World War II and stayed in the Marines all the way through the Vietnam War.
CBS News fact checked four misleading claims Trump made about his trial in remarks he made Friday morning.
Tyson suffered a medical emergency on a flight from Miami to Los Angeles last weekend due to an ulcer flare up, his representatives said.
Authors complained for years that the organization was predominantly White — causing membership to plummet.
Costco hasn't raised the cost of its popular hot dog and soda combo in nearly 40 years, and it's not about to now, a senior exec says.
FCC calls on Congress for funding to restart program that helped low-income households get high-speed internet service.
Google said it's rolling back its AI-generated search results feature after two weeks. Here's why.
the law would require fossil fuel companies to contribute to a superfund that will be used to help the state adapt to climate change and develop more resilient infrastructure.
As the verdict was read, former President Donald Trump's eyes appeared to close, and his head shook slightly, lips pursed and eyes downcast.
Former President Donald Trump was found guilty on 34 felony counts in a case stemming from a "hush money" payment to adult film star Stormy Daniels.
CBS News fact checked four misleading claims Trump made about his trial in remarks he made Friday morning.
A former top U.S. agricultural official testified that Menendez tried to stop him from disrupting a halal certification monopoly that Egypt awarded to one of his constituents.
The former president often speaks about removing "criminals out of our country." Some countries could keep Trump out of theirs.
Almost one in five survey responders had lost a family member or close friend to a drug overdose, researchers found.
The U.S. has ordered 4.8 million doses of vaccine to target bird flu in case the outbreak spreads in people.
Details of the FDA's proposal were published Friday ahead of a meeting next week.
The Mediterranean diet has long been regarded as a heart-healthy option, but a new study has found the diet may help reduce risk of death.
For the first time, the CDC confirms a person infected with bird flu in the U.S. has acute respiratory symptoms. It is the third human case tied to the dairy cattle H5N1 outbreak and the second case in a dairy farm worker in Michigan.
Robert Pickton was assaulted at Port-Cartier Institution in Quebec, a maximum-security federal institution, by another inmate, authorities said.
The top four leaders of the House and Senate invited Israeli Prime Minister Benjamin Netanyahu to address a joint meeting of Congress.
Eliseo Imperial Castro, who was wanted by the U.S., was the nephew of Sinaloa cartel co-founder Ismael "El Mayo" Zambada.
As Russia's war on Ukraine continues, a new report finds many Ukrainians are struggling with poor well-being.
The New Caledonian fern, Tmesipteris oblanceolata, has more than 50 times more DNA packed into the nucleus of its cells than humans do.
Jennifer Lopez has canceled her upcoming summer tour to spend more time with her "children, family and close friends," Live Nation announced Friday.
Jennifer Lopez was set to embark on a 30+ city tour to promote her new album "This is Me…Now," which dropped in February.
Michael Crichton's thriller about a massive volcanic eruption in Hawaii was unfinished when the "Jurassic Park" author died in 2008; more than 15 years later, James Patterson, the bestselling writer behind the Alex Cross series, has completed Crichton's work.
Tony-nominated actress Shoshana Bean talked about the opportunity to star in "Hell's Kitchen," which was inspired by Alicia Keys' life.
Actor Maya Hawke talked about focusing on her music career as the "Stranger Things" star films the final season of the hit series.
All systems are go for a second attempted launch of Boeing's Starliner capsule on Saturday, making its maiden voyage to the International Space Station with two astronauts on board. Manuel Bojorquez reports from the Kennedy Space Center.
ChatGPT developer OpenAI warns that state actors worldwide use generative artificial intelligence to run covert propaganda operations. The company told The Washington Post it found groups in Russia, China, Iran and Israel using its technology to build and launch social media campaigns. Gerrit De Vynck, tech reporter for The Post, joins CBS News to discuss.
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.
Google said it's rolling back its AI-generated search results feature after two weeks. Here's why.
Australia is investigating a potential Ticketmaster data breach affecting over half a billion users. Those behind the attack are said to be offering the data for $500,000 on the dark web. CBS News homeland security and justice reporter Nicole Sganga brings us the latest details.
A recent study from the University of Washington suggests that rising summer temperatures threaten triploid oysters, specifically bred in the 1970s to be more resilient to harsher environments. Despite that, researchers found that triploids die nearly 2.5 times faster than other oysters when under heat stress. Neil Thompson, geneticist for the U.S. Department of Agriculture Agricultural Research Service, joins CBS News to unpack the findings.
The New Caledonian fern, Tmesipteris oblanceolata, has more than 50 times more DNA packed into the nucleus of its cells than humans do.
Can the climate crisis be won as temperatures soar, oceans rise and air quality deteriorates? Former presidential candidate Tom Steyer thinks it can. The climate investor joins "America Decides" to discuss his new book "Cheaper, Faster, Better: How We'll Win the Climate War."
The spread of an avian flu virus in cattle has again brought public health attention to the potential for a global pandemic. Fighting it would depend, for now, on 1940s technology that makes vaccines from hens' eggs.
Turbulence on flights has been increasing, and climate change could be one of the reasons why. CBS News senior weather producer David Parkinson explains how the human-caused phenomenon affects the flight path.
Robert Pickton was assaulted at Port-Cartier Institution in Quebec, a maximum-security federal institution, by another inmate, authorities said.
Eliseo Imperial Castro, who was wanted by the U.S., was the nephew of Sinaloa cartel co-founder Ismael "El Mayo" Zambada.
Jose Ibarra pleaded not guilty to killing nursing student Laken Hope Riley on Friday in a Georgia court.
A notorious hacking group claims it has stolen names, addresses, phone numbers and partial credit card details from half a billion Ticketmaster customers, putting it up for sale for half a million dollars. CBS News senior business and tech correspondent Jo Ling Kent has more.
Police used forensic genetic genealogy and family tree research to solve the cold case.
If you missed the fantastic display of the northern lights in May, you could soon have another chance. In early June, the active solar region responsible for those multi-colored hues in the night sky will be in prime position to generate solar storms impacting us on Earth. Ryan French, solar physicist with the National Solar Observatory, joins CBS News to explain.
Boeing is preparing to launch its crewed Starliner spacecraft on Saturday after having to scrub the plan twice before due to technical difficulties. CBS News space consultant Bill Harwood is following the preparations for Boeing's flight.
If the first piloted test flight goes well, NASA hopes to certify the Starliner for regularly scheduled service starting next year.
The galaxy was spotted as astronomers and scientists studied what's known as "Cosmic Dawn."
Scientists used decades-old images to track changes on the planet's surface.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
Forrest Fenn hid a treasure somewhere in the Rocky Mountains. Five men died searching for it.
An anonymous letter writer terrorizes a small town, threatening to expose their rumored dark secrets.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
President Biden broke his silence Friday on former President Donald Trump's conviction in his New York criminal case. His comments preceded remarks about a new Israeli cease-fire proposal. Margaret Brennan and Major Garrett have analysis.
Speaking from the White House on Friday, President Biden criticized former President Donald Trump's response to his conviction in New York. Trump has claimed the trial was "unfair" and "rigged." Robert Costa has more.
Highly decorated veteran Richard "Gunny" Remp, 98, had days left to live, but one thing still left to achieve: receiving his high school diploma. Steve Hartman goes "On the Road" to show what went into fulfilling his dying wish.
Jennifer Lopez has canceled her upcoming summer tour to spend more time with her "children, family and close friends," Live Nation announced Friday.
Marian Robinson, the mother of former first lady Michelle Obama, has died at the age of 86, her family announced Friday.