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.
The U.S. announces new strikes on Iran just hours after a 4th consecutive nighttime barrage, as the war ramps back up over control of the Strait of Hormuz.
Acting Attorney General Todd Blanche is set to appear before the Senate Judiciary Committee at 9 a.m. for his confirmation hearing to lead the Justice Department in a permanent capacity.
The Iraqi leader was in Washington to meet with President Trump.
Clayton, currently the U.S. attorney for the Southern District of New York, is expected to succeed Bill Pulte, Trump's controversial acting director of national intelligence.
Harris County District Attorney Sean Teare, who is investigating the fatal ICE shooting of Lorenzo Salgado Araujo, told CBS News ICE's tactics "in no way resemble" the behavior of police agencies he's worked with.
Every ICE arrest team will have at least one law enforcement officer equipped with a body-worn camera going forward, DHS said Tuesday, after two fatal shootings by agents who didn't have cameras.
The measure also allows states to opt out if they take action before the federal law is enacted.
A home security camera captured the sound of five gunshots when Johan Sebastián Durán Guerrero, a Colombian national, was fatally shot by an Immigration and Customs Enforcement officer.
Officials are still searching for the source of the outbreak, prompting consumers to seek advice on social media about which foods to avoid.
A Louisiana man has been charged with murder in the fatal shooting of a deputy U.S. marshal who joined other officers in trying to arrest him.
Heavy smoke from several large wildfires blazing in Canada and Minnesota is expected to engulf large swaths of the Midwest and Northeast U.S. this week.
Acting Attorney General Todd Blanche is set to appear before the Senate Judiciary Committee at 9 a.m. for his confirmation hearing to lead the Justice Department in a permanent capacity.
Clayton, currently the U.S. attorney for the Southern District of New York, is expected to succeed Bill Pulte, Trump's controversial acting director of national intelligence.
Every ICE arrest team will have at least one law enforcement officer equipped with a body-worn camera going forward, DHS said Tuesday, after two fatal shootings by agents who didn't have cameras.
A group of 26 Meta employees has sued the company, claiming it used AI to choose people for layoffs, disproportionately targeting those on medical, parental or family leave.
The scheme begins with fake fraud alerts before shifting to a FaceTime call, where victims are tricked into exposing sensitive banking information.
The Promise Act would establish a legislative procedure with the goal of preserving Social Security's trust funds for the next 50 years.
Officials are still searching for the source of the outbreak, prompting consumers to seek advice on social media about which foods to avoid.
New estimates call for a 3.6% to 3.8% benefit increase next year, although the final adjustment will depend on inflation readings released this summer.
Acting Attorney General Todd Blanche is set to appear before the Senate Judiciary Committee at 9 a.m. for his confirmation hearing to lead the Justice Department in a permanent capacity.
Clayton, currently the U.S. attorney for the Southern District of New York, is expected to succeed Bill Pulte, Trump's controversial acting director of national intelligence.
Every ICE arrest team will have at least one law enforcement officer equipped with a body-worn camera going forward, DHS said Tuesday, after two fatal shootings by agents who didn't have cameras.
The Iraqi leader was in Washington to meet with President Trump.
Harris County District Attorney Sean Teare, who is investigating the fatal ICE shooting of Lorenzo Salgado Araujo, told CBS News ICE's tactics "in no way resemble" the behavior of police agencies he's worked with.
A blood test may predict if apparently healthy older adults are likely to develop Alzheimer's symptoms in the next five or 10 years, researchers say.
As of Tuesday, nearly 7,000 people in 34 states reported symptoms tied to a parasitic illness that, so far, has no official source. Carter Evans reports on what's suspected of being behind the cyclosporiasis outbreak.
Officials are still searching for the source of the outbreak, prompting consumers to seek advice on social media about which foods to avoid.
Capt. Chesley "Sully" Sullenberger, who famously landed a passenger jet on the Hudson River in 2009, said he has been diagnosed with Alzheimer's disease.
With the federal Medicaid work requirement looming in January, Democrats are considering state legislation to call out big companies that employ workers enrolled in the safety net health program.
The U.S. announces new strikes on Iran just hours after a 4th consecutive nighttime barrage, as the war ramps back up over control of the Strait of Hormuz.
An anti-corruption probe in Iraq leads to seizure of 825 pounds of gold and tens of millions in cash from lawmakers and government officials.
In a match Tuesday featuring two of soccer's biggest heavyweights, Spain put in a masterful performance, frustrating France to the tune of a 2-0 win to advance to Sunday's World Cup final.
The text of the bill had been finalized before Graham met with Zelenskyy last week in Kyiv.
Kent Carpenter and his Filipina companion were at his house in the coastal town of Sibulan when masked men forced their way in.
The Paramount+ documentary "The Real Wolf of Wall Street" gives an inside look at Jordan Belfort's scandal-ridden firm, Stratton Oakmont.
"The Real Wolf of Wall Street," a new documentary from See It Now Studios on Paramount+, focuses on the real-life story of infamous stockbroker Jordan Belfort and his brokerage firm Stratton Oakmont. Howie Gelfand, a former partner at Stratton Oakmont, explains why he decided to be part of the documentary and how the 2013 film, "The Wolf of Wall Street," starring Leonardo DiCaprio, got the real story wrong.
Alan Ritchson talks about starring in "Motor City," which has nearly no dialogue, how his process was different and why he thinks it will resonate with audiences.
A coalition of a dozen states on Monday sued to block Paramount Skydance's acquisition of Warner Bros. Discovery, posing a new challenge to the $110 billion deal that would unite two of the nation's largest media companies. Paramount Skydance is the parent company of CBS News. CBS News' Jo Ling Kent reports.
Mick Jagger spoke with The New York Times recently about the role of politics in his music. Political strategists Erin Maguire and Dan Kanninen join "The Takeout" to discuss.
A group of 26 Meta employees has sued the company, claiming it used AI to choose people for layoffs, disproportionately targeting those on medical, parental or family leave.
Utility companies requested $9.2 billion worth of rate increases in the second quarter of 2026, potentially impacting over 56 million Americans, according to a new report from PowerLines. Former Michigan utility commissioner Tremaine Phillips 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.
The scheme begins with fake fraud alerts before shifting to a FaceTime call, where victims are tricked into exposing sensitive banking information.
New York Gov. Kathy Hochul imposed a year-long moratorium on "hyperscale" AI data centers, halting construction as the state investigates the wider economic and environmental impacts. Shanelle Kaul explains more.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
The Defense Department released a fourth batch of UFO files on Friday, nearly one month after its third drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Archaeologists have discovered eight human skeletons, bronze and gold jewelry and other artifacts indicating a ceremonial burial of wealthy people.
A Louisiana man has been charged with murder in the fatal shooting of a deputy U.S. marshal who joined other officers in trying to arrest him.
Kent Carpenter and his Filipina companion were at his house in the coastal town of Sibulan when masked men forced their way in.
Supreme Court Justices Elena Kagan and Amy Coney Barrett are on Capitol Hill to testify before House lawmakers in response to a request for increased security funding amid growing threats against members of the highest court.
Joan Sebastian Guerrero's death in Maine marks the second time in a week that Immigration and Customs Enforcement agents have shot and killed a civilian. The Department of Homeland Security alleged that a man "attempted to flee the scene" when stopped by ICE. Guerrero's killing has prompted calls for an investigation. CBS News' Lilia Luciano reports.
Apple is suing OpenAI over apparently stolen trade secrets that may be linked to hardware ambitions. CBS News contributor Patrick McGee joins with more.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
U.S. Immigration and Customs Enforcement officials shot and killed two men in the last week in Maine and in Texas. Maine's House speaker, a Houston prosecutor and a Minnesota attorney spoke with CBS News about the violence.
Anthropic is offering verified teachers a year of free access to its premium AI tools through its new "Claude for Teachers" program. Elizabeth Kelly, head of Beneficial Deployments at Anthopic, joins CBS News to discuss.
Harris County District Attorney Sean Teare, who is investigating the ICE killing of Mexican immigrant Lorenzo Salgado Araujo, says his office is filing paperwork to get visas for the witnesses of the fatal shooting, so they're not deported while the investigation unfolds.
Utility companies requested $9.2 billion worth of rate increases in the second quarter of 2026, potentially impacting over 56 million Americans, according to a new report from PowerLines. Former Michigan utility commissioner Tremaine Phillips joins CBS News to discuss.
Physician-astronaut Anil Menon, a former flight surgeon with NASA, rocketed into space Tuesday with two Russian cosmonauts for an eight-month stay aboard the International Space Station. CBS News' space consultant Bill Harwood has more.