CBS Weekend News, November 15, 2020
SpaceX sends first team of astronauts to space; National Museum of the United States Army opens in Virginia
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SpaceX sends first team of astronauts to space; National Museum of the United States Army opens in Virginia
In his last press conference as Federal Reserve chairman, Ben Bernanke said the Fed will continue to stimulate the economy, but will cut bond purchases by $10 billion in January; and, Snowball Express, named for an old Disney movie, brings a weekend of fun to kids who have lost a parent to war. The non-profit organization gives children -- and parents -- an opportunity to spend time with people who understand what they've gone through.
President Biden signed a sweeping bipartisan infrastructure bill into law. It's the largest investment in America's roads, bridges, ports, and broadband internet in decades. Nancy Cordes has the details.
The central bank said it will start reducing its $120 billion in monthly bond purchases in the coming weeks.
As questions abound in Washington about the president's executive actions signed this weekend, Major Garrett explains the impact they could have on millions of Americans financially struggling during the coronavirus pandemic. He also weighs in on questions over their constitutionality and whether the orders could force Congress to compromise on a stimulus bill.
The latest from around Capitol Hill; Dr. Fauci to throw out first pitch on Opening Day
Although nearly 1.7 million PPP loans have been approved so far, a survey found that 80% of small businesses are either still waiting to receive their money or have not heard about their application at all. Four major banks are facing lawsuits alleging they prioritize bigger customers, which are now receiving backlash themselves for receiving stimulus money while smaller, independent businesses did not make the cut. Nancy Cordes hears from small business owners who are struggling with the loan program.
The fate of two massive spending bills remains uncertain as disagreements within the Democratic Party could threaten to upend President Biden's economic agenda. All this comes as a deadline to fund the federal government is fast approaching. Natalie Brand reports.
President Biden’s domestic agenda faces challenges as progressive House Democrats demand a larger bill dedicated to Democratic priorities before signing off on a bipartisans infrastructure bill. Senate Republicans and moderate Democrats meanwhile, are challenging the larger bill. Christina Ruffini has more.
Congress is running out of time to reach a deal on spending to avoid a government shutdown. Democrats and Republicans are also in disagreement over whether to raise the debt ceiling. Nikole Killion has the details.
Wall Street had its worst day since May amid fears that a Chinese real estate company could default, and that the Federal Reserve could begin ending stimulus measures it enacted during the pandemic.
More than 400 economists say that making the expanded federal benefit permanent would benefit families.
More than 25 million Americans are in line to receive state-issued payments via tax rebates and stimulus aid.
Several federal pandemic relief programs are set to expire soon, including the nationwide ban on evictions, which will end July 31. Joe Minarik, is the director of research for the Committee for Economic Development, joined CBSN's Lana Zak to discuss.
Another 2.2 million payments are landing in bank accounts and mailboxes, with some people getting "plus-up" payments.
IRS sending payments of up to $300 per child as part of the government's efforts to "supersize" stimulus aid.
Some people may qualify for more stimulus cash than they realize, while other programs can offer surprise benefits.
The tax agency faced a "challenging" year, leading to a growing backlog of tax returns, the taxpayer advocate says.
The expanded tax credit isn't available to all parents, and some recipients may be asked to repay the IRS next year.
The GOP-led states say the benefits aren't needed. But some out-of-work people say they are still struggling.
The IRS has started sending letters to households who may qualify for monthly payments of up to $300 per child.
Revoking a controversial business tax break would free up $5 billion for child care, according to the bipartisan effort.
IRS said it delivered some 165 million payments worth about $388B, with an additional 1 million arriving this week.
Just $8 billion remains in the program, earmarked for companies headed by women or minorities.
The Treasury secretary's remarks come as the president is pushing two proposals totaling $4 trillion.
Less than 48 hours after President Trump said Iran has "agreed to everything," he threatened the whole country would get "blown up" without a deal soon.
Iran balked at President Trump's demands for a peace deal amid a standoff over the Strait of Hormuz, as fear the war could reignite hits oil and energy markets.
Senators are likely to press Warsh, President Trump's nominee to succeed Jerome Powell as Fed chair, on his views about inflation and interest rates.
She is taking a role in the private sector, according to the White House.
The gunman, who is also dead, shot 10 people in total, according to police. All eight who died were children from 3 to 11 years old, police said.
FBI Director Kash Patel filed a defamation lawsuit against The Atlantic, saying a recent story about his alleged frequent drinking and absences included "false and obviously fabricated" claims.
Air traffic control told the pilots of a flight aborting a landing to turn right, which put them on a potential collision course with another 737 that had been cleared for takeoff from a parallel runway.
The subpoenas went out shortly after the Justice Department appointed conservative Trump ally Joe DiGenova to formally take over the criminal investigation into John Brennan.
Some U.S. importers reported problems filing tariff refund claims after Customs and Border Patrol launched its dedicated portal on Monday.
Air traffic control told the pilots of a flight aborting a landing to turn right, which put them on a potential collision course with another 737 that had been cleared for takeoff from a parallel runway.
Apple CEO Tim Cook will step down in August and become executive chairman of Apple's board.
Senators are likely to press Warsh, President Trump's nominee to succeed Jerome Powell as Fed chair, on his views about inflation and interest rates.
Less than 48 hours after President Trump said Iran has "agreed to everything," he threatened the whole country would get "blown up" without a deal soon.
Some U.S. importers reported problems filing tariff refund claims after Customs and Border Patrol launched its dedicated portal on Monday.
Apple CEO Tim Cook will step down in August and become executive chairman of Apple's board.
Senators are likely to press Warsh, President Trump's nominee to succeed Jerome Powell as Fed chair, on his views about inflation and interest rates.
Some U.S. importers reported problems filing tariff refund claims after Customs and Border Patrol launched its dedicated portal on Monday.
Airlines could hike ticket prices and fees if United and American were to join forces, lawmakers warn.
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
Lori Chavez-DeRemer is taking a role in the private sector, according to the White House.
Senators are likely to press Warsh, President Trump's nominee to succeed Jerome Powell as Fed chair, on his views about inflation and interest rates.
Less than 48 hours after President Trump said Iran has "agreed to everything," he threatened the whole country would get "blown up" without a deal soon.
Democratic Sen. Mark Warner of Virginia announced on Monday that his daughter Madison has died following a lengthy battle with juvenile diabetes and other health issues.
The subpoenas went out shortly after the Justice Department appointed conservative Trump ally Joe DiGenova to formally take over the criminal investigation into John Brennan.
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
President Trump nominated a new director for the Centers for Disease Control and Prevention on Thursday. Dr. Erica Schwartz is a former deputy surgeon general and retired Coast Guard rear admiral.
Mexico's security officials said a gunman opened fired at the popular tourist spot, killing a Canadian woman and injuring at least 13 people, including six Americans.
Less than 48 hours after President Trump said Iran has "agreed to everything," he threatened the whole country would get "blown up" without a deal soon.
Jewish Iranians tell CBS News the war with Israel has brought conflicting emotions, and they wish leaders in both countries would "let us live in peace."
Some robots ran the Beijing half-marathon autonomously, while others were controlled remotely, all competing on a parallel course to avoid collisions with human athletes.
Authorities initially said the accident happened while the officers were returning from the drug raids, but the Chihuahua state prosecutor later said the Americans weren't involved in those operations.
Singer D4vd appeared in court Monday, hours after prosecutors announced he would be charged with first-degree murder in the death of 14-year-old Celeste Rivas Hernandez. Matt Gutman reports.
Los Angeles prosecutors on Monday charged singer d4vd in the murder of a 14-year-old girl whose dismembered body was found in his car last year. CBS News chief correspondent Matt Gutman has the details.
"Matlock" stars Skye P. Marshall and Jason Ritter join CBS News with more clues ahead of the show's season finale.
Emily Saliers, one-half of the Atlanta folk duo The Indigo Girls, has revealed that she has been diagnosed with two incurable movement disorders that will forever change the way that she sings.
The Los Angeles County District Attorney's Office is expected on Monday to charge singer-songwriter d4vd with murder, seven months after 14-year-old Celeste Rivas' body was found in a car that he owned. The 21-year-old musician was arrested last week. Matt Gutman reports.
After 15 years, Tim Cook is stepping down as Apple's CEO. Starting in September, Cook will be the executive chairman of Apple's board of directors. New York Times technology correspondent Mike Isaac joins CBS News to discuss.
A new book called "Screen People" argues that's what society has become: a people defined by screens, what we do with those screens and how we present ourselves on those screens. Author Megan Garber joins "The Takeout" 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.
Apple CEO Tim Cook will step down in August and become executive chairman of Apple's board.
Some robots ran the Beijing half-marathon autonomously, while others were controlled remotely, all competing on a parallel course to avoid collisions with human athletes.
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Over the past century, the cultivation and processing of wheat has led to strains of grain that are less nutritious, less flavorful, and more vulnerable to climate change. The researchers at Breadlab, at Washington State University, are trying to breed varieties of whole grains that are better for farmers, consumers – and taste buds. David Pogue reports.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy. Correspondent David Pogue examines what Panthalassa's alternative to land-based data centers may mean.
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Singer D4vd appeared in court Monday, hours after prosecutors announced he would be charged with first-degree murder in the death of 14-year-old Celeste Rivas Hernandez. Matt Gutman reports.
Louisiana police say a gunman was targeting his own family when he opened fire over the weekend, killing eight children. CBS News correspondent Jason Allen reports.
Mexico's security officials said a gunman opened fired at the popular tourist spot, killing a Canadian woman and injuring at least 13 people, including six Americans.
Los Angeles prosecutors on Monday charged singer d4vd in the murder of a 14-year-old girl whose dismembered body was found in his car last year. CBS News chief correspondent Matt Gutman has the details.
Police in North Carolina say two teenagers were killed and several others were injured after a shooting on Monday morning near a middle school. CBS News correspondent Shanelle Kaul has more.
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Future of Iran ceasefire unclear as deadline approaches; Labor Secretary Lori Chavez-DeRemer resigns.
Tony Dokoupil shares his thoughts on the charms of Las Vegas hidden in its inauthenticity.
Singer D4vd appeared in court Monday, hours after prosecutors announced he would be charged with first-degree murder in the death of 14-year-old Celeste Rivas Hernandez. Matt Gutman reports.
Beginning on Monday, businesses were able to apply for refunds for President Trump's tariffs that were later declared unconstitutional by the Supreme Court. Jo Ling Kent reports on some of the issues they're running into.
A wildfire in Florida has brought train traffic to a standstill, stranding more than 200 people aboard an Amtrak train for nearly 24 hours. Cristian Benavides spoke with some of the passengers.