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.
Watch CBS News
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.
The purpose of the CIA chief's visit to Moscow this week was to warn Russia not to attack NATO member states, people familiar with the matter said.
Flash floods tore through a valley in Nepal, sweeping away villages and hundreds of tourists, with Americans among the missing, authorities say.
The surge in arrests comes as the White House pushes ICE to hit a target of 2,000 per day.
As the Iran war nears the six-month mark, President Trump said he has "no specific timetable" to resume peace talks.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
The officer accused a Venezuelan migrant of assaulting him with a broomstick and shovel, but investigators say footage from a nearby camera helped prove that was a lie.
A Florida grand jury found the DeSantis administration misappropriated $10 million in taxpayer money for political purposes.
The group of 24 states and the District of Columbia argues the Postal Service's new rule violates the Constitution and federal law.
Meta agreed to pay up to $17 billion to settle allegations that its social media platforms are addictive.
In a news release, the NFL said it plans to "elevate" Pro Bowl selections, with no replacement selections.
Patients taking the first-of-a-kind pill, called daraxonrasib, lived for a median of 13.2 months compared with 6.7 months for chemotherapy recipients, studies showed.
The surge in arrests comes as the White House pushes ICE to hit a target of 2,000 per day.
In a nearly 6,000-word essay, Gates argues that artificial intelligence poses a mounting threat to U.S. workers.
Prosecutors believe Jared Bridegan was killed because of ongoing strife with his former wife over the parenting of their twins.
In a nearly 6,000-word essay, Gates argues that artificial intelligence poses a mounting threat to U.S. workers.
Canadian officials said the tariffs set to be imposed on more than 800 U.S. imports are "strategic" and designed to target some states.
Medical device maker said it is working to assess the scope of the attack and business interruption.
Meta agreed to pay up to $17.1 billion to settle allegations that its social media platforms are addictive.
The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.
The purpose of the CIA chief's visit to Moscow this week was to warn Russia not to attack NATO member states, people familiar with the matter said, amid U.S. assessments that Russia could try to test NATO.
Five years after the attack in Afghanistan that killed 13 service members, the Pentagon upgraded the awards of three Marines who provided care in the wake of the blast.
The surge in arrests comes as the White House pushes ICE to hit a target of 2,000 per day.
The group of 24 states and the District of Columbia argues the Postal Service's new rule violates the Constitution and federal law.
President Trump hasn't settled on a replacement for White House press secretary Karoline Leavitt, whose last day is Friday, according to administration officials close to the situation.
Patients taking the first-of-a-kind pill, called daraxonrasib, lived for a median of 13.2 months compared with 6.7 months for chemotherapy recipients, studies showed.
Dr. Laura Cox, an assistant professor at Brigham and Women's Hospital and Harvard Medical School, explains how our dietary patterns play a significant role in our gut and long-term brain health.
Pennsylvania has recorded its first two deaths connected to measles in 35 years.
The rate is much higher than is seen in the general population. CTE is a brain disease linked to repeated blows to the head.
The agreements, covering issues like drug pricing, reducing the use of synthetic food dyes, and cutting back on insurance prior authorization rules, were announced with fanfare and touted as victories.
The paintings, sculptures and museum installations of Yayoi Kusama, one of Japan's most respected contemporary artists, were widely exhibited around the world.
The purpose of the CIA chief's visit to Moscow this week was to warn Russia not to attack NATO member states, people familiar with the matter said, amid U.S. assessments that Russia could try to test NATO.
Prince Harry and Meghan, the Duke and Duchess of Sussex, returned to the U.K. from California on Wednesday, six years after their tumultuous departure, the BBC reports.
Flash floods tore through a valley in Nepal, sweeping away villages and hundreds of tourists, with Americans among the missing, authorities say.
The attack brings the number of people killed in such strikes by the U.S. military in the eastern Pacific Ocean and Caribbean Sea to at least 227.
On Halloween 1985, Barry Bostwick and Richard O'Brien, stars of "The Rocky Horror Picture Show," joined CBS News to mark 10 years since the cult classic's release. Tim Curry, who portrayed the film's antagonist, Dr. Frank-N-Furter, died Tuesday at the age of 80.
Late country superstar Dolly Parton helped millions of children develop a love of reading through her free Imagination Library program. Hardin Engelhardt, chief learning officer at Marbles Kids Museum in Raleigh, North Carolina, joins "The Daily Report" to discuss.
Thousands buzzed into Dollywood on Wednesday, one day after Dolly Parton's family announced her death at 80 years old. Skyler Henry has more from the theme park she built.
Tributes are pouring in from all over the country for legendary singer-songwriter Dolly Parton. CBS News correspondent Skyler Henry is at Dollywood, Parton's Tennessee theme park, with more.
Carly Pearce and Lauren Alaina, two of country music's hottest stars, spoke with "CBS Mornings" about Dolly Parton's influence on their careers and lives.
Artificial intelligence juggernaut Nvidia blew past Wall Street's expectations for its latest quarterly earnings report, more than doubling its profits and revenue. Wall Street Journal tech reporter Robbie Whelan joins CBS News to discuss.
Meta has agreed to pay $17 billion to settle claims that its platforms lead to addiction in kids and teens, but is not admitting any wrongdoing despite implementing new safeguards. CNET reporter Katelyn Chedraoui joins "The Daily Report" 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.
Anticipation is building for Apple's annual iPhone launch event in September, where the company is expected to reveal its first foldable phone. Questions remain though on whether consumers will be willing to pay big bucks for this device. CNET senior technology reporter Abrar Al-Heeti joins CBS News to discuss.
Meta has reached a landmark legal settlement with dozens of states over claims that the social media giant intentionally designed addictive platforms that harmed the mental health of teenagers. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
A mother was arrested for vandalism in California after smashing a school bus window to haul out her own child. Carter Evans has the story.
Heather Berlin, a neuroscientist, clinical psychologist and clinical professor at the Icahn School of Medicine at Mount Sinai, joins "The Daily Report" to explain the difference between postpartum depression and psychosis and what it means for Lindsay Clancy's murder trial.
Closing arguments in the Lindsay Clancy murder trial are set for Thursday. Clancy admitted to killing her children but says she isn't guilty, arguing that postpartum psychosis caused her actions. CBS News legal contributor Caroline Polisi joins with analysis.
Testimony concluded on Wednesday in the murder trial of Lindsay Clancy, the Massachusetts mother who admitted to killing her children but pleaded not guilty, arguing she had postpartum psychosis. CBS News correspondent Shanelle Kaul reports.
Prosecutors believe Jared Bridegan was killed because of ongoing strife with his former wife over the parenting of their twins.
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 NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
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.
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.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
On Halloween 1985, Barry Bostwick and Richard O'Brien, stars of "The Rocky Horror Picture Show," joined CBS News to mark 10 years since the cult classic's release. Tim Curry, who portrayed the film's antagonist, Dr. Frank-N-Furter, died Tuesday at the age of 80.
A mother was arrested for vandalism in California after smashing a school bus window to haul out her own child. Carter Evans has the story.
CBS News reporter Riley Callanan traveled to New Mexico to see Project Jupiter, one of the country's biggest hyper-scale data centers, for herself. She spoke with residents and farmers about their fears, concerns and in some cases, hopes.
Artificial intelligence juggernaut Nvidia blew past Wall Street's expectations for its latest quarterly earnings report, more than doubling its profits and revenue. Wall Street Journal tech reporter Robbie Whelan joins CBS News to discuss.
Late country superstar Dolly Parton helped millions of children develop a love of reading through her free Imagination Library program. Hardin Engelhardt, chief learning officer at Marbles Kids Museum in Raleigh, North Carolina, joins "The Daily Report" to discuss.