Software maker keeping biz loan over objection from lawmakers
Tech company, which had $419 million in sales last year, is resisting pressure from lawmakers to return the funds.
Paycheck Protection Program
Banks rake in PPP fees
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.
Lawmakers order 5 companies to return PPP loans "immediately"
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 applied for PPP loans
More than 12,000 Catholic churches have now applied for the government's small business loans – and 75% of those applications have been approved.
Blue Hill's Dan Barber on the future of restaurants
The coronavirus amounts to "a once-in-a-generation shattering of restaurant culture," the celebrated chef says.
Denny's franchisees tap Paycheck Protection Program
"We are going to lose a ton of money," said one of the restaurant chain's franchise owners on coping with shutdowns.
Companies got PPP loans — and want millions more from investors
More than a dozen companies that received federal aid for small business are looking to raise up to $1 billion in total.
Wells Fargo faces government probes into its PPP loans
Federal and state officials are examining the bank's lending practices under the Paycheck Protection Program.
Feds bring first fraud charges stemming from coronavirus loans
The two men were arrested Tuesday and fraudulently sought more than $500,000 in loans from the Small Business Administration, the Justice Department alleges.
Paycheck Protection Program II money is more than half gone
More small businesses getting loans in second round of federal loans. But big names still get help, including Denny's.
Are the small business loans working? Owners divided on answer
Money from $650 billion federal rescue is a lifeline for some small businesses while others struggle to stay afloat.
Plenty of loopholes in replenished Paycheck Protection Program
A range of larger companies, from ammo makers to kombucha bottlers, remain eligible for small business funds.
Mnuchin announces "full review" of big PPP loans
Treasury Secretary Steve Mnuchin said Tuesday that there would be a "full review" of any company that received more than $2 million in the Paycheck Protection Program. The program has been criticized after large companies, including the Los Angeles Lakers, received big loans. Watch his remarks.
Companies could face "criminal liability" for keeping PPP loans
"The purpose of this program was not social welfare for big business," the Treasury secretary said
Minority-owned businesses hope for aid
The first round of the federal government's Paycheck Protection Program faced heavy criticism after large public companies scooped up loans meant for small businesses. As CBS News political reporter Grace Segers reports, this time around small and minority-owned businesses are hoping for their chance to get low-interest loans to survive the coronavirus shutdown.
Round 2 of Paycheck Protection Program starts. Better hurry
Another $310 billion is available for small businesses, but watchdogs warn problems that plagued first round remain.
LA Lakers got near-$5 million federal small business loan
NBA club said it returned federal small business loan so the money could go to "those most in need."
Phunware, Trump campaign data firm, responds to critics of its small business loan
Lawsuit accuses company of getting "white glove" treatment from JPMorgan Chase after it quickly landed funding.
Girl Scouts in Alaska get recovery loan as cookie sales crumble
Pandemic-related business closures left scouts in southern Alaska with 144,000 unsold boxes.
Hotelier with $60 million in small biz aid: We're keeping it
Ashford and its subsidiaries have applied for more than $125 million in loans and received nearly $60 million so far.
Unemployment backlog hurting millions
As an unprecedented 26 million Americans have filed for unemployment benefits in just five weeks, the claims system cannot handle the surge of applications. The backlog is exacerbating financial insecurity for millions of Americans who have lost their jobs. Optimal Capital market analyst Frances Stacy joins CBSN to discuss the dire economic situation.
New funding for small business loans already gone, bankers say
Thousands of small employers are lining up for new federal funding earmarked for Paycheck Protection Program.
House approves $484 billion coronavirus relief package
The vote comes as new government data shows 4.4 million people filed initial unemployment claims last week.
Ruth's Chris will return $20 million small business loan
Steak house chain says it is giving the money back because of the Paycheck program's "funding limitations."
Data firm for Trump campaign got coronavirus small business loan
Public company whose board chair is a former top JPMorgan Chase executive received nearly $3 million from the bank.
Judge permanently blocks release of Jack Smith's report on Trump documents case
A federal judge on Monday permanently blocked the Justice Department from releasing former special counsel Jack Smith's report on the classified documents investigation.
Violence erupts after Mexican cartel leader "El Mencho" killed in federal operation
Mexico's Ministry of Defense security forces have killed the leader of the Jalisco New Generation Cartel, Nemesio Rubén Oseguera Cervantes, in a military operation.
Travel bans in effect, thousands of flights canceled as storm slams Northeast
A massive winter storm slamming the Northeast and Mid-Atlantic with blizzard conditions on Monday has prompted travel bans and forced thousands of flights to be canceled.
Maps show snow totals, blizzard warnings for major winter storm
Blizzard warnings are in effect for New York City, New Jersey, southern New England and coastal communities along the East Coast.
Supreme Court to weigh energy companies' bid to end state climate change suits
The Supreme Court agreed to take up an effort by energy companies to end a lawsuit filed in state court that seeks billions of dollars in damages.
Defense attorneys build mapping tool to track Justice Dept. "weaponization"
A defense lawyers group has posted a tracking tool to enable users to check on the status of some of the controversial prosecutions attempted by DOJ in the first year of Trump's second term.
"El Mencho," the cartel leader killed in Mexico, had a violent history
Nemesio Rubén Oseguera Cervantes, known as "El Mencho," was the leader of the notorious Jalisco New Generation Cartel prior to his death on Sunday.
As more Americans embrace anxiety treatment, RFK Jr. derides medications
Robert F. Kennedy Jr. has criticized the broadening use of anxiety medications, but doctors and researchers say the MAHA movement is misrepresenting drugs that have been proven to help.
Armed man shot and killed inside Mar-a-Lago perimeter, Secret Service says
An armed man was shot and killed early Sunday morning after "unauthorized entry" into the secure perimeter at President Trump's Mar-a-Lago estate, the U.S. Secret Service said.
U.S.
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Supreme Court to weigh energy companies' bid to end state climate change suits
The Supreme Court agreed to take up an effort by energy companies to end a lawsuit filed in state court that seeks billions of dollars in damages.
Judge permanently blocks release of Jack Smith's report on Trump documents case
A federal judge on Monday permanently blocked the Justice Department from releasing former special counsel Jack Smith's report on the classified documents investigation.
Social Security could run dry earlier than expected, analysis finds
The Social Security Administration wouldn't stop issuing benefits once its trust funds are exhausted, but it could be forced to cut benefits.
Travel bans in effect, thousands of flights canceled as storm slams Northeast
A massive winter storm slamming the Northeast and Mid-Atlantic with blizzard conditions on Monday has prompted travel bans and forced thousands of flights to be canceled.
As more Americans embrace anxiety treatment, RFK Jr. derides medications
Robert F. Kennedy Jr. has criticized the broadening use of anxiety medications, but doctors and researchers say the MAHA movement is misrepresenting drugs that have been proven to help.
MoneyWatch
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Social Security could run dry earlier than expected, analysis finds
The Social Security Administration wouldn't stop issuing benefits once its trust funds are exhausted, but it could be forced to cut benefits.
Trump imposes 10% tariffs on all countries after SCOTUS struck down earlier tariffs
President Trump signed an order that will impose 10% tariffs on imports from all countries, just hours after the Supreme Court struck down a different set of sweeping global tariffs.
Will Americans get refunds after Trump's tariffs were overturned by the Supreme Court?
While the Supreme Court struck down the Trump administration's emergency tariffs, experts said it could take years for businesses to get refunds.
Fried rice sold at Trader Joe's recalled over possible glass contamination
The recall involves 3.4 million pounds of frozen chicken fried rice products shipped to Trader Joe's locations nationwide and to retailers in Canada.
The latest GDP data isn't as bad as it looks. Here's what to know.
A simple reason explains why U.S. economic growth seemed to hit a wall in the final three months of the year.
Politics
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Supreme Court to weigh energy companies' bid to end state climate change suits
The Supreme Court agreed to take up an effort by energy companies to end a lawsuit filed in state court that seeks billions of dollars in damages.
Judge permanently blocks release of Jack Smith's report on Trump documents case
A federal judge on Monday permanently blocked the Justice Department from releasing former special counsel Jack Smith's report on the classified documents investigation.
Defense attorneys build mapping tool to track Justice Dept. "weaponization"
A defense lawyers group has posted a tracking tool to enable users to check on the status of some of the controversial prosecutions attempted by DOJ in the first year of Trump's second term.
Foreign minister: Iran has the right to "nuclear energy, including enrichment"
Iranian Foreign Minister Abbas Araghchi said Iran has "every right to enjoy a peaceful nuclear energy, including enrichment" as the U.S. pushes for a deal on its nuclear program.
Full transcript of "Face the Nation with Margaret Brennan," Feb. 22, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Iranian foreign minister Abbas Araghchi and U.S. Trade Representative Jamieson Greer join Margaret Brennan.
HealthWatch
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As more Americans embrace anxiety treatment, RFK Jr. derides medications
Robert F. Kennedy Jr. has criticized the broadening use of anxiety medications, but doctors and researchers say the MAHA movement is misrepresenting drugs that have been proven to help.
How safe is America from polio?
After decades of American children routinely receiving polio vaccines, the virus that had doomed many to paralysis was nearly eliminated in the United States. But vaccine avoidance today may allow the crippling disease to return.
How safe is America from polio?
After decades of American children routinely receiving polio vaccines, the virus that had doomed many to paralysis was nearly eliminated in the United States. But vaccine avoidance today may allow the crippling disease to return. CBS News chief medical correspondent Dr. Jonathan LaPook talks with David Oshinsky, author of "Polio: An American Story," and with violin virtuoso Itzhak Perlman, who contracted polio as a child, about how parents opting out of vaccinations for their children could affect polio rates here.
Robots can help amid nursing home staffing crisis
A growing, aging population and an acute caregiver shortage are pushing adult care centers to think outside the box. Itay Hod introduces a new, high-tech helper.
Cop's shortness of breath was the only sign of rare lung disorder
Travis Corbitt's struggles to breathe led to his retirement and reliance on an oxygen tank.
World
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Racial slur shouted during BAFTA awards by guest with Tourette's
Britain's film academy and the BBC apologized after a broadcast of the BAFTA awards ceremony that included an offensive outburst by an audience member with Tourette's syndrome.
After leader killed, what does future hold for powerful Jalisco cartel?
Nemesio Rubén Oseguera Cervantes, also known as "El Mencho," had a $15 million U.S. bounty on his head.
"El Mencho," the cartel leader killed in Mexico, had a violent history
Nemesio Rubén Oseguera Cervantes, known as "El Mencho," was the leader of the notorious Jalisco New Generation Cartel prior to his death on Sunday.
Winter Olympics closing ceremony celebrates athletes and Italian art in Verona
The Milan Cortina Olympics ended Sunday with a closing ceremony inside the ancient Roman amphitheater, Verona Arena.
Foreign minister: Iran has the right to "nuclear energy, including enrichment"
Iranian Foreign Minister Abbas Araghchi said Iran has "every right to enjoy a peaceful nuclear energy, including enrichment" as the U.S. pushes for a deal on its nuclear program.
Entertainment
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Racial slur shouted during BAFTA awards by guest with Tourette's
Britain's film academy and the BBC apologized after a broadcast of the BAFTA awards ceremony that included an offensive outburst by an audience member with Tourette's syndrome.
"Survivor 50" contestant on returning to game
Contestant Colby Donaldson talks about returning to play "Survivor" again, why he wanted to play originally and how the 50th season is all about the fans.
Isabel May on joining "Scream" franchise
Isabel May speaks with "CBS Mornings" about starring in "Scream 7" after her breakout performance in the Yellowstone prequel "1883." May discusses joining the cult classic franchise, which takes place 30 years after the first murders, what it was like to work with Neve Campbell and how she prepared for the role.
Rose Byrne on playing a woman at the end of her rope in "If I Had Legs I'd Kick You"
The Australian-born actress earned an Academy Award nomination for her powerful performance as a mother stretched to the limits.
Extended interview: Rose Byrne
In this web exclusive, Rose Byrne, an Oscar nominee for best actress for her performance in Mary Bronstein's "If I Had Legs I'd Kick You," talks with Tracy Smith about her response to the character of Linda, a woman at the end of her rope. She also talks about her early years in Hollywood, including her friendship with fellow Australian Heath Ledger, and her experience playing comedy with "Bridesmaids."
Technology
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Technology
Robots can help amid nursing home staffing crisis
A growing, aging population and an acute caregiver shortage are pushing adult care centers to think outside the box. Itay Hod introduces a new, high-tech helper.
Social psychologist on social media addiction
One of the catalysts for the social media addiction debate was a 2024 book called "The Anxious Generation" by social psychologist Jonathan Haidt. His new book tries to help parents and kids break free from screens. Haidt joins CBS News to discuss Mark Zuckerberg, the ongoing social media addiction trial and artificial intelligence.
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.
Judge scolds Mark Zuckerberg's team for wearing Meta glasses to trial
A Los Angeles judge ordered Meta officials to remove their AI glasses at a trial over the impact of social media on users.
Mark Zuckerberg grilled in court
Meta CEO Mark Zuckerberg took the stand at the social media addiction trial examining whether children and teens were given access to an addictive and harmful product. CBS News' Carter Evans reports.
Science
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In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
These United States: George Washington and climate change
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
Impact of climate change on Winter Olympics
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Crime
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Crime
Armed man shot and killed at Mar-a-Lago
The U.S. Secret Service shot and killed a North Carolina man who authorities say entered a secure perimeter at Mar-a-Lago with a shotgun and gas canister. President Trump and the first lady were at the White House at the time. Scott MacFarlane reports.
After leader killed, what does future hold for powerful Jalisco cartel?
Nemesio Rubén Oseguera Cervantes, also known as "El Mencho," had a $15 million U.S. bounty on his head.
"El Mencho," the cartel leader killed in Mexico, had a violent history
Nemesio Rubén Oseguera Cervantes, known as "El Mencho," was the leader of the notorious Jalisco New Generation Cartel prior to his death on Sunday.
Cellphone app, security video critical in helping solve teen's murder
In April 2024, college student Sade Robinson, 19, went on a first date and never came home. Her car was found set on fire 3 miles from her apartment. Using data from an app on her phone, law enforcement began to piece together where she went — and who she was with.
Ex-Army recruiter blamed wife for his demotion. Did he kill her for revenge?
Cati Blauvelt was discovered in an abandoned South Carolina farmhouse in 2016 — a broken knife blade inside her body. Almost immediately, her friends had one suspect in mind: John Blauvelt, her estranged husband, a once-respected Army recruiter.
Space
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NASA to start slow-moving process returning moon rocket to hangar this week
The space agency said Sunday it's targeting Tuesday for the slow, four-mile trek across Kennedy Space Center, weather permitting.
NASA's moon rocket hit by new problem, flight pushed to April
The Artemis II mission aims to send four astronauts — Reid Wiseman, Victor Glover, Christina Koch and Canadian astronaut Jeremy Hansen — on a flight around the far side of the moon and back.
Report criticizes NASA Boeing Starliner trip
An internal investigation is blasting NASA's handling of the first piloted flight of Boeing's Starliner spacecraft in 2024. The flight left two astronauts stuck on the International Space Station for nearly a year. The investigation found the flight was plagued by potentially life-threatening technical and management failures.
Cosmologist on UFO files
President Trump has ordered the release of all government documents related to aliens, UFOs and extraterrestrial life. It comes after former President Barack Obama addressed the topic earlier this week and said aliens are real, a statement which he later modified. CBS News contributor Janna Levin has more details.
NASA targets March 6 for Artemis II moonshot
A successful fueling test prompts NASA to press ahead toward a March 6 moonshot.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
"Survivor 50" contestant on returning to game
Contestant Colby Donaldson talks about returning to play "Survivor" again, why he wanted to play originally and how the 50th season is all about the fans.
David Begnaud launches "Do Good Crew"
CBS News contributor David Begnaud announced on "CBS Mornings" the launch of his company, "Do Good Crew" - which celebrates everyday heroes. At the heart of it is a podcast "The Person who Believed in Me."
Strategists on Supreme Court tariff decision
President Trump slammed the Supreme Court justices who ruled to strike down most of his tariffs. Political strategists Rina Shah and Chuck Rocha join CBS News with more details.
Full interview: Olympian Elana Meyers Taylor
U.S. bobsledder Elana Meyers Taylor sits down with CBS News' Seth Doane to reflect on winning a gold medal in women's monosled at the Milano Cortina Winter Olympics, her first ever in five Games. She talks about celebrating the moment with her nanny, who cares for her two children with special needs, motherhood and what's next for her Olympic career.
Latest news as violence in Mexico erupts
Violence erupted in parts of Mexico after security forces killed Nemesio Rubén Oseguera Cervantes, the Jalisco New Generation Cartel leader also known as "El Mencho." CBS News' Karen Hua reports.