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.
U.S. Attorney for D.C. Jeanine Pirro was seen with a large box as she left the White House Monday after her meeting with President Trump.
The secretary of state said progress has been made in the Iran-Oman talks but that no final agreement has been reached, adding, "We're hoping that will happen very shortly."
The Senate Judiciary Committee voted along party lines to advance Todd Blanche's nomination for attorney general.
Voters are going to the polls Tuesday in five states: Michigan, Virginia, Missouri, Kansas and Washington.
More than 700 buildings in the Spokane area have been destroyed and 400 more haven't been assessed, officials said as three fires burned in the area and an arrest was made in connection with one of them.
The impact will not be visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
The Lindsay Clancy murder trial resumed for a sixth day Tuesday with more testimony from prosecution witnesses and a focus on prescription pills.
Michigan Rep. Haley Stevens, one of two Democrats in the primary for her party's Senate nomination, stands firm on backing U.S. military aid to Israel and claims opponent Abdul El-Sayed "equivocates" on the issue.
Populist Abdul El-Sayed and Rep. Haley Stevens top the Democratic field going into Tuesday's Senate primary. Former Rep. Mike Rogers is running unopposed for the GOP nomination.
One woman in her mid-30s said her $60,000 annual income wasn't enough to cover all her bills after a breakup, leading her to move back home.
Some White House officials hope embattled GOP Rep. Max Miller exits his congressional race immediately, and President Trump has expressed a similar sentiment, multiple sources say.
A 16-year-old lifeguard is being hailed a hero after rescuing a boy from a rip current off the coast of Santa Cruz, California, last month.
U.S. Attorney for D.C. Jeanine Pirro was seen with a large box as she left the White House Monday after her meeting with President Trump.
The Senate Judiciary Committee voted along party lines to advance Todd Blanche's nomination for attorney general.
One woman in her mid-30s said her $60,000 annual income wasn't enough to cover all her bills after a breakup, leading her to move back home.
Here's what employees can expect for a raise in 2027 as companies move away from broad-based pay increases.
New U.S. tariffs are hurting consumers and businesses, California's attorney general said in filing suit to block levies on 60 countries.
President Trump said U.S. oil companies made "too much money" from high oil prices. "I'm not happy about it," he added.
SpaceX will release its first earnings report as a public company on Tuesday in a key test for the company's stuttering stock price.
Some White House officials hope embattled GOP Rep. Max Miller exits his congressional race immediately, and President Trump has expressed a similar sentiment, multiple sources say.
U.S. Attorney for D.C. Jeanine Pirro was seen with a large box as she left the White House Monday after her meeting with President Trump.
The Senate Judiciary Committee voted along party lines to advance Todd Blanche's nomination for attorney general.
Michigan Rep. Haley Stevens, one of two Democrats in the primary for her party's Senate nomination, stands firm on backing U.S. military aid to Israel and claims opponent Abdul El-Sayed doesn't recognize Israel's right to exist.
Voters are going to the polls Tuesday in five states: Michigan, Virginia, Missouri, Kansas and Washington.
Two people have died of cyclosporiasis in Michigan, officials said Monday, as the state battles the worst outbreak of the disease in the country. Carter Evans has the details.
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
Rising premiums forced many people in Affordable Care Act plans to give up their coverage. But the Trump administration claims a huge drop in enrollment is almost entirely due to its fraud crackdown.
Megan Kaverman's weight gain, fatigue, high blood pressure and other symptoms were dismissed for years before she was diagnosed with a rare heart disease.
A federal judge sentenced the owner of a peptide company to nearly 6 years in prison for deceiving customers and selling products adulterated with steroids, citing a "trail of harm." Adam Yamaguchi reports.
Guatemalan officials on Monday began evacuating two villages near the Fuego volcano due to the ongoing eruption.
Authorities described this as the Gaza Strip's biggest mass funeral since the war began, mourning dozens of people, including women and children, recently recovered from the rubble.
A serviceman in Russian-held Crimea opened fire on fellow soldiers and civilians, killing four people and wounding four, officials said.
The munitions, both German and French, consist mainly of mortar shells, along with some high-explosive anti-tank shells.
Ten of the 16 lions in Tama Zoological Park have suffered symptoms such as "loss of appetite and decreased activity" since mid-July, and three lionesses died, the zoo said.
One day after announcing she'll step back from the spotlight after her tour ends, Ariana Grande spoke directly to fans at Monday night's show in Chicago. The singer said the decision was her own and "was made from a thoughtful and empowered place."
Tony Award-winning producer Jordan Roth talks about starring in the "The Shards" and describes what it was like to go from behind the scenes on Broadway to making his major on-screen acting debut.
"Spider-Man: Brand New Day" leapt straight to the top of the box office this weekend. Its $360 million opening weekend debut is the biggest in U.S. history. Marlow Stern, chief correspondent at Variety, joins CBS News to discuss all the latest movie news.
A social media trend encouraging users to share what they love about their favorite person is bringing light to TikTok and other platforms.
A representative for pop star Ariana Grande says the singer is planning to step out of the public eye after wrapping her ongoing Eternal Sunshine Tour amid "endless, ongoing public scrutiny." Grande has also dropped out of the London-based musical "Sunday in the Park with George," which is set to open next year.
Top executives from leading artificial intelligence companies are set to meet with White House officials, according to media reports. Ian Krietzberg, an AI correspondent for Puck News, has more.
The order asks AI companies to share previews of powerful new models with the government before they are released to the public.
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.
Lauryn Williams, the deputy director and senior fellow of the Strategic Technologies Program at the Center for Strategic and International Studies, joins to discuss the U.S. probe into Iran possibly targeting water systems in Michigan and Minnesota.
An artificial intelligence model that was being tested by OpenAI went rogue and hacked the firm Hugging Face on its own, in what Hugging Face CEO Clément Delangue called a "very weird and unprecedented" incident.
Guatemalan officials on Monday began evacuating two villages near the Fuego volcano due to the ongoing eruption.
The footage is believed to be only the fourth complete humpback whale birth ever recorded on film anywhere in the world and the first-ever captured by drone.
A photographer operating a drone off the coast of Australia captured a humpback whale giving birth. It's believed to be the first time such a birth has been recorded by a drone.
Science shows us that, even though plants don't have brains, they seem to have a nervous system that responds to touch in remarkable ways. Robert Krulwich and puppeteer Barnaby Dixon explore the science of thigmomorphogenesis (the phenomenon of plants reacting to outside stimulae), a discussion that plants the seeds for a song.
Nearly 30 beluga whales were sent to aquariums across the U.S. in a multinational emergency operation after their home aquarium in Canada shuttered. Jared Ochacher reports.
Law enforcement officials and medical personnel continued testimony on Day 6 of Lindsay Clancy's murder trial. CBS News' Shanelle Kaul has the latest.
Officials arrested a man on suspicion of arson as the Spokane, Washington, area battles multiple fires. Fire crews are working around the clock to contain the massive blazes. CBS News' Kris Van Cleave reports.
Police arrested a man in connection with one of three devastating wildfires charring homes, businesses and nature in Washington State. CBS News' Bradley Blackburn has more.
Pima County Sheriff Chris Nanos told CBS News last Thursday that he didn't have a ransom note saying Nancy Guthrie was dead. But one day later he released a note saying just that. CBS News' Anna Schecter reports.
New information is coming out about the shooting at an In-N-Out restaurant in Idaho that killed three people over the weekend. CBS News' Lilia Luciano reports.
The impact will not be visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
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.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
President Trump and other officials hope embattled GOP Rep. Max Miller exits the congressional race in Ohio immediately, multiple U.S. officials familiar with the matter tell CBS News. CBS News' Taurean Small has more.
Law enforcement officials and medical personnel continued testimony on Day 6 of Lindsay Clancy's murder trial. CBS News' Shanelle Kaul has the latest.
The Department of Justice is moving to dismiss a class action lawsuit by participants of the U.S. Capitol riots on Jan. 6, 2021. CBS News' Jake Rosen has the latest.
Top executives from leading artificial intelligence companies are set to meet with White House officials, according to media reports. Ian Krietzberg, an AI correspondent for Puck News, has more.
A Ukrainian drone struck a busy beach off the Black Sea in a deadly attack, Russian officials said, as the two countries continue to trade strikes. CBS News' Aidan Stretch has the latest.