Without government help, the economy is slumping again
Bank of America says the economy needs an additional $1.4 trillion to keep the recovery going.
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Bank of America says the economy needs an additional $1.4 trillion to keep the recovery going.
Presumptive Democratic nominee Joe Biden and his running mate, Senator Kamala Harris, slammed President Trump over his administration's response to the coronavirus pandemic and economic crisis. CBS News political correspondent Ed O'Keefe joins CBSN with the latest developments.
Unemployment stimulus talks ground to a halt on Friday as the unemployment rate dropped to 10.2%. It is unclear what the White House can do to restore federal unemployment benefits that lapsed for millions of Americans last week. Nancy Cordes reports.
President Trump is facing mounting criticism for falsely claiming that 99% of coronavirus cases are "totally harmless." He made the comment over the weekend during a July 4th event at the White House where he continued downplaying the severity of the pandemic. CBS News White House correspondent Paula Reid joins CBSN with more.
"It does make me feel kind of like a second-class citizen in a way, just for who I married," an Illinois woman named Laurie said.
An estimated 1.2 million Americans were left out of the federal stimulus program because their spouses did not have a social security number. Their U.S.-born children did not receive aid either. Adriana Diaz speaks to one woman whose husband is undocumented about how she and her family are getting through the coronavirus pandemic while being left out of the CARES Act.
The IRS has sent 159 million stimulus payments, but lawmakers say millions of seniors and poor Americans are still waiting.
Residents of U.S. territories who collect Social Security are among some of the last groups to receive their checks.
U.S. retail sales dropped 8.7% in March, the biggest one-month plunge on record. This comes as the Trump administration has reportedly outlined plans to begin reopening the economy as the coronavirus continues to claim more lives. CBS News White House correspondent Paula Reid joined CBSN with the latest.
Forbes reports that about 43,000 taxpayers earning more than $1 million annually are each set to receive $1.7 million due to a provision in the CARES Act. Janet Novack, the editor of the money channel for Forbes, joins CBSN to discuss why wealthy Americans are getting these funds.
As the Treasury Department continues sending out stimulus checks to millions of American, some may never get to the hands of those who need it most. Under the CARES Act, anyone with a judgment against them for any private debt could lose their stimulus to a debt collector. CBS MoneyWatch reporter and video producer Irina Ivanova joined CBSN to discuss what kind of debt could be putting your coronavirus relief money at risk.
The government website handling applications for the second round of small business funding crashed minutes after it went online. It's the latest frustration for people trying to survive during the pandemic. Janet Shamlian reports.
President Trump claims the Paycheck Protection Program is doing its job but small business owners are still struggling to receive any help as the federal website continues to have technical glitches. Weijia Jiang reports.
The Labor Department's latest report says roughly 3.8 million Americans filed for unemployment last week. The figure, comparatively lower than the last five weeks, brings the six-week total to 30 million U.S. workers filing jobless claims. The devastating total reflects the coronavirus pandemic's effect on the economy, despite trillions of dollars in stimulus spending. Jill Schlesinger joins "CBS This Morning" to break down the staggering figures.
Some deceased Americans received the emergency relief payments — now the agency wants the money back.
Blocking $500 payments to children because one or both parents are immigrants is discriminatory, lawsuit claims.
Millions of Americans will be getting letters from the president in an envelope sent by the IRS. The letter is meant to inform stimulus check recipients of how much they'll be receiving, but has instead drawn criticism. CBS MoneyWatch contributor Aimee Picchi joins CBSN with more.
The lawsuit, filed on behalf of a U.S. citizen, argues that denying the $1,200 payments is a form of discrimination.
As the coronavirus pandemic deepens, millions of Americans are skipping their credit card payments. In response, banks and other lenders are preparing for further economic fallout. CBS News business analyst Jill Schlesinger joined CBSN with more.
The issue could impact more than 1 million U.S. citizens who file joint tax returns with their immigrant spouses.
"I'm grateful for it, but $1,200 — I'm not sure if it covers much," said one person who has received the payment.
A new IRS tool that was supposed to make it easy to find out when you'll get your money isn't working for some people.
The IRS may not have direct deposit info for taxpayers who used tax prep services and got a tax refund anticipation loan.
But some people who tried using the new IRS.gov service report trouble in retrieving information.
The president's name will appear in the memo line, but Treasury Department says the addition won't delay checks.
Matt Bell said he initially supported Trump's policies but now feels he and other farmers were "sold a bill of goods."
Ross Douthat's interview with Patrick Clancy and his wife, Dr. Rachel Danis, airs Sunday on 60 Minutes.
U.K. navy reports more attacks on tankers in the Strait of Hormuz as Trump says he's poised to make a "big decision" on whether to "annihilate" Iran's leadership.
Warren Buffett is stepping aside as Berkshire Hathaway chairman, he announced in a letter to shareholders Friday.
President Trump ordered the Justice Department not to appeal a court ruling that loosened restrictions on firearms known as "gangster weapons," sources familiar with the matter told CBS News.
A CBS News investigation finds that more than 600 people have died in crashes since 2024 with trucks operated by companies that had never been subjected to a roadside safety inspection.
Michael Desronvil, the lone holdout juror in the high-profile Lindsay Clancy murder trial, said he "didn't have any doubts" during deliberations.
Blair Township Supervisor Nicole Blonshine said she was told the aircraft was an F-16 but does not have "100% confirmation." The pilot parachuted out before it crashed, she said.
In court documents filed Wednesday by Rep. Joyce Beatty, a witness said he saw a "forklift run into and hit the pillars" of the building.
Michael Desronvil, the lone holdout juror in the high-profile Lindsay Clancy murder trial, said he "didn't have any doubts" during deliberations.
President Trump ordered the Justice Department not to appeal a court ruling that loosened restrictions on firearms known as "gangster weapons," sources familiar with the matter told CBS News.
Matt Bell said he initially supported Trump's policies but now feels he and other farmers were "sold a bill of goods" that there was a plan to "put America's farmers and ranchers first."
The Iran war and Russia-Ukraine conflict are knocking out global refining capacity, pushing fuel prices higher, analysts said.
An F-16 fighter jet crashed in Grand Traverse County, Michigan, on Thursday, triggering an evacuation order along part of County Road 633, the county's emergency management said.
Warren Buffett is stepping aside as Berkshire Hathaway chairman, he announced in a letter to shareholders Friday.
The Iran war and Russia-Ukraine conflict are knocking out global refining capacity, pushing fuel prices higher, analysts said.
The Fed's first rate hike in more than three years underscores the challenge of taming inflation as the Iran war drags on.
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
Getting rich in the U.S. is still possible, but the most common path to wealth doesn't involve working for other people, according to a new book.
U.K. navy reports more attacks on tankers in the Strait of Hormuz as Trump says he's poised to make a "big decision" on whether to "annihilate" Iran's leadership.
President Trump ordered the Justice Department not to appeal a court ruling that loosened restrictions on firearms known as "gangster weapons," sources familiar with the matter told CBS News.
Matt Bell said he initially supported Trump's policies but now feels he and other farmers were "sold a bill of goods" that there was a plan to "put America's farmers and ranchers first."
One Senate Democrat scuttled a Republican-led effort to pass legislation aimed at shielding Americans from energy costs attributed to data centers, saying it didn't go far enough.
Richard Schroyer's nomination was held up in the Senate. The White House eventually pulled it.
Two-year-old conjoined twin sisters saw each other face-to-face for the first time after a successful 24-hour surgery to separate them. Ian Lee reports from the children's hospital in St. Louis, where it happened.
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
In the latest episode of "Healthful," Olympic gold medalist Aly Raisman discusses what she's learned about speaking up for herself and taking care of her body.
Selling retatrutide commercially is prohibited by federal law. Yet, companies have promoted the drug on social media, thanks in part to being certified by LegitScript.
A long-running lawsuit challenging what it means to be an employee and therefore have access to work-based health plans is being closely watched by health policy analysts.
U.K. navy reports more attacks on tankers in the Strait of Hormuz as Trump says he's poised to make a "big decision" on whether to "annihilate" Iran's leadership.
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
It is the latest in a spate of shark attacks in the country and comes just days after a surfer was bitten in an attack in the same state.
Iranian forces in recent days have brought down at least two American MQ-1 unmanned aircraft, according to U.S. officials familiar with the matter.
Canada's leader draws regular scorn from President Trump, but European leaders gave him a standing ovation as they aim to push their ties to "the highest level."
Nine-time Emmy-winning costume designer Bob Mackie, who clothed such musical and comedic talents as Cher, Carol Burnett, Barbra Streisand and Liza Minnelli, died on Sept. 14, 2026 at age 87. In this Sept. 21, 2003 "Sunday Morning" profile, Mackie talked with correspondent Rita Braver about how a star-struck kid growing up outside Hollywood became a dressmaker to the stars, and what fascinates him about divas. He also talked about the tragic death of his son, Robin, from AIDS.
Jacob Tremblay, who stars in Netflix's new film, "Unabomber," sits down with "CBS Mornings" to discuss his career, working with Russell Crowe and what it was like to play a young Ted Kaczynski.
The 2026 Global Citizen Festival kicks off in New York City's Central Park in late September. Global Citizen co-founder Hugh Evans explains the charity work his organization does.
Ed Sheeran is facing intense public backlash after rapper Macklemore, who was set to open his upcoming tour dates, was dropped from the production over pro-Palestine comments. CBS News' Shanelle Kaul reports and Alex Suskind, news director at online music magazine Pitchfork, joins "The Daily Report" to discuss.
Judge Judy has been a staple of daytime TV for 30 years, but now televised courts are becoming a family affair with her son, Adam Levy, picking up the gavel and donning the robe for "Adam's Law." Judge Levy joins CBS News to preview the new show.
OpenAI on Thursday revealed an additional six incidents in which its artificial intelligence models exhibited unexpected or concerning behavior. Stuart Russell, a distinguished professor of computer science at UC Berkeley and president of the International Association for Safe and Ethical AI, joins CBS News to discuss.
From terror groups to possible existential threats to rogue bots, safety concerns over artificial intelligence have grown in recent weeks. Democratic Rep. Rick Larsen of Washington joins CBS News to discuss how Congress can act.
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.
FBI Director Kash Patel said this week the bureau is expanding its AI usage. That statement came just as OpenAI disclosed 6 new instances of "unexpected or concerning" AI behavior. Ian Krietzberg, AI correspondent at Puck News, joins "The Daily Report."
Amid growing concerns about the safety of artificial intelligence following resignations and reports of models going rogue, experts joined CBS News to unpack the potential threat AI could pose to humanity.
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Paleontologists have identified the first known trackway made by a full-grown Tyrannosaurus rex, and the discovery was made in the North Dakota badlands.
Sunday on 60 Minutes, Dr. Rachel Danis describes how she and her husband met in New York. Ross Douthat sat down with the couple just weeks after Lindsay Clancy's murder trial ended without a verdict.
Patrick Clancy and his new wife, fertility doctor Rachel Danis, sat down with 60 Minutes this week. Shanelle Kaul has a preview of the story, which airs Sunday.
Government roadside inspections of commercial trucks are declining. With that in mind, a CBS News investigation found more than 2,000 people have been killed since 2019 in accidents involving licensed trucking companies that had no roadside inspection on record before the crash. CBS News senior investigative data journalist Steve Reilly reports.
Philadelphia police, along with the FBI, are investigating possible serial murders in the city. This comes after investigators discovered evidence tied to at least five missing women in a home in the city's Olney neighborhood. CBS Philadelphia reporter Joe Holden has the latest.
Investigators are looking into photo and video evidence that appears to show missing women dead inside a so-called "house of horrors" in Philadelphia. CBS News' Jericka Duncan has more on the case.
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Sunday on 60 Minutes, Dr. Rachel Danis describes how she and her husband met in New York. Ross Douthat sat down with the couple just weeks after Lindsay Clancy's murder trial ended without a verdict.
Matt Bell has been farming in North Carolina for more than half his life. He voted for President Trump but said farmers are "fighting for survival" as they combat rising prices.
President Trump has suggested that he might demolish the Kennedy Center in Washington, D.C. CBS News legal contributor Jessica Levinson breaks down the constitutional implications.
Patrick Clancy and his new wife, fertility doctor Rachel Danis, sat down with 60 Minutes this week. Shanelle Kaul has a preview of the story, which airs Sunday.
OpenAI on Thursday revealed an additional six incidents in which its artificial intelligence models exhibited unexpected or concerning behavior. Stuart Russell, a distinguished professor of computer science at UC Berkeley and president of the International Association for Safe and Ethical AI, joins CBS News to discuss.