5 steps to prepare for Biden's student-loan relief application
The application could be ready in early October and millions will be jockeying to get their loans relieved quickly.
Student Debt
These 13 states may tax borrowers on Biden's student loan relief
Loan forgiveness won't trigger federal taxes, but some borrowers could owe up to $1,100 in state taxes, analysis finds.
Nearly 80,000 more borrowers will get all their student loan debt canceled
The Education Department announced Tuesday it will discharge loans for students who attended the for-profit Westwood College.
White House adviser weighs in on inflation fears
Federal reserve chair Jerome Powell has warned there will be "some pain" for Americans in the fight to reduce inflation. Gene Sperling, senior adviser to the president, joins CBS News' John Dickerson to discuss the state of the economy.
MoneyWatch: Debt cancellation and inflation
Following the White House's announcement of a sweeping student debt reform package, some are expressing concerns that the plan could result in higher inflation. Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget, joins "CBS News Mornings" to explain the impact the move could have on inflation and the federal deficit.
Student loan relief won't fuel inflation, Wall Street says
About $400 billion in debt could be forgiven. But some economists say the impact on the economy is likely to be minimal.
The key part in Biden student loan plan that could end "horror stories"
Many people with student loans remain mired in debt for years despite making payments. The White House wants to fix that.
Jill Schlesinger on student loan forgiveness
The Biden administration's latest plan on student loan debt could provide relief to up to 43 million Americans. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss loan forgiveness eligibility and next steps for borrowers.
Joe Biden's student debt forgiveness plan
The Department of Education now has a plan to forgive up to $10,000 of student debt for those making less than $125,000 or couples making less than $250,000. In addition, borrowers who received Pell Grants to pay for college may be eligible for up to $20,000 forgiven. Chief White House correspondent Nancy Cordes reports from Washington.
Critics question plan for student loan forgiveness
While many are cheering for President Biden's plan to provide federal student loan relief, others are questioning just how it will be paid for. CBS News' Bradley Blackburn joins "CBS News Mornings" with a closer look.
Economic impact of cancelling student debt
President Biden unveiled his plan to cancel billions of dollars in student loan debt, saying it will benefit 43 million Americans earning less than $125,000 a year. Pell Grant recipients will receive up to $20,000 in relief, while other borrowers can get up to $10,000 in debt cancellation. The pause on federal loan payments will also be extended until the end of the year. Roy Paul, executive director of Cents Ability, joins CBS News to discuss the economic impact of this plan.
Biden unveils student debt forgiveness plan
President Biden said Wednesday he is taking action to cancel up to $10,000 in federal student loan debt for millions of Americans and an additional $10,000 for low-income borrowers while extending a pause on monthly payments, delivering long-awaited relief just weeks before the midterm elections. Watch his announcement.
Here's who is eligible for Biden's student loan forgiveness plan
More than 40 million Americans may qualify, with income the main factor that determines who qualifies for relief.
Forgiving up to $20,000 in student debt could cost the U.S. $519 billion
Most of the benefit of erasing college loans would go to households earning below $88,000, new analysis finds.
Demand for Sept. 1 student loan payments sent in error
The pause on student loan payments is set to expire at the end of the month.
8/17: Red and Blue
Results of primaries in Wyoming and Alaska; Biden administration cancels $3.9B in student debt
The 50 most expensive colleges in America, ranked
These colleges come with a hefty price tag
Federal student loan payment pause set to expire in less than a month
The Biden administration extended the payment pause in April through August 31.
$5.8 billion in student loans forgiven
More than half a million students who attended the for-profit Corinthian Colleges chain will have their federal student debt erased, the Biden administration announced.
Corinthian Colleges student loans canceled
Vice President Kamala Harris announced the Biden administration will cancel all student loan debt accumulated by former students of the now defunct Corinthian Colleges. But Washington Post opinion columnist Helaine Olen says student loan forgiveness isn't enough. She joined CBS News' Tanya Rivero and Nikki Battiste to discuss.
Biden administration cancels $5.8 billion in student debt
The move will erase debt for more than 560,000 borrowers.
MoneyWatch: The value of a master's degree
Many college graduates are choosing to go back to school, but some experts are questioning the value of a master's degree. James Murphy, senior policy analyst at Education Reform Now, calls it "the biggest scam of higher education." He explains to CBS News' Tanya Rivero and Tony Dokoupil why that is.
As midterms near, debate over student loan forgiveness heats up
More than 43 million borrowers hold more than $1.6 trillion in federal student loan debt.
It's about to get more expensive to take out federal student loans
Interest rates will be 4.99% for undergraduate loans, 6.54% for graduate loans and 7.54% for PLUS loans for the 2022-2023 year.
Paths to avoid crippling student debt
43 million Americans now carry more than $1.7 trillion in student debt. With some questioning the value of a college degree, efforts are being made to eliminate college from many corporations' job requirements, while promoting skills training for "new-collar jobs."
Map shows states where COVID is "likely growing"
Health authorities are watching for signs the virus might be starting to accelerate again after a springtime lull in COVID rates.
David DePape sentenced to 30 years in Paul Pelosi hammer attack
David DePape was convicted of attempting to kidnap then-House Speaker Nancy Pelosi and attacking her husband with a hammer.
Bodies of three hostages recovered by Israeli forces in Gaza
The Israel Defense Forces recovered the bodies of Shani Louk, Amit Bouskila and Itshak Gelernter in Gaza, Rear Adm. Daniel Hagari said.
Scottie Scheffler arrested for allegedly assaulting cop before PGA Championship
Footage showed top-ranked golfer Scottie Scheffler handcuffed and walking toward a police car in the morning darkness. He later teed off at the PGA Championship.
4 cold case murders in Canada linked to U.S. serial rapist
Police said Gary Allen Srery might also be linked to other unsolved murders and sexual assaults in Western Canada.
Dow closes above 40,000 for first time, notching new milestone
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
Mercedes-Benz workers in Alabama vote against joining the UAW
Employees of the German luxury car maker reject membership in the United Auto Workers after a contentious campaign.
Teen trafficked into U.S. rescued after texting 911, describing area
Information provided by the teenager allowed deputies to launch a search and locate her in minutes.
Last pandas in the U.S. have a timetable to fly back to China
Atlanta received Lun Lun and Yang Yang from China in 1999 as part of a 25-year loan agreement that will soon expire.
U.S.
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Video appears to show Sean "Diddy" Combs assaulting Cassie
The 2016 footage, which was obtained and published by CNN, appears to show the rap mogul hitting, dragging and kicking the singer known as Cassie.
Dow closes above 40,000 for first time, notching new milestone
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
Last pandas in the U.S. have a timetable to fly back to China
Atlanta received Lun Lun and Yang Yang from China in 1999 as part of a 25-year loan agreement that will soon expire.
Harrison Butker's jersey among top-selling NFL jerseys after speech
Harrison Butker's jersey is currently among the top sellers on the NFL's online store, beating out popular Chiefs teammates such as Patrick Mahomes and Travis Kelce.
This week on "Sunday Morning: By Design" (May 19)
We present our annual edition touching on all aspects of design, hosted by Jane Pauley.
MoneyWatch
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Dow closes above 40,000 for first time, notching new milestone
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
Chevy Bolt owners win $150 million settlement after EVs caught fire
Some owners of the electric vehicle will be eligible for compensation of up to $1,400 because of a battery problem that caused fires.
TikTok says it's testing letting users post 60-minute videos
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
Mercedes-Benz workers in Alabama vote against joining the UAW
Employees of the German luxury car maker reject membership in the United Auto Workers after a contentious campaign.
Biden's Chinese EV tariffs don't address lingering national security concerns
The 100% Chinese EV tariffs are meant to head off economic risks, but some Democrats say Chinese EVs should be banned entirely for security reasons.
Politics
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David DePape sentenced to 30 years in Paul Pelosi hammer attack
The man convicted of attempting to kidnap then-House Speaker Nancy Pelosi and attacking her husband with a hammer was sentenced to 30 years in prison Friday morning.
Nancy Pelosi asks for "very long" sentence for man who attacked her husband
David DePape, convicted of trying to kidnap Pelosi and attacking her husband with a hammer in October 2022, was sentenced Friday to 30 years in prison.
Biden's Chinese EV tariffs don't address lingering national security concerns
The 100% Chinese EV tariffs are meant to head off economic risks, but some Democrats say Chinese EVs should be banned entirely for security reasons.
Bill to ban most public mask wearing advances in North Carolina
North Carolina Republicans are pushing forward with their plan to repeal a pandemic-era law, citing crime and recent campus protests.
FBI testimony about search of Menendez's home continues at trial
The FBI seized 11 one-ounce gold bars, two one-kilogram gold bars and $486,461 from the New Jersey Democrat's home.
HealthWatch
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Map shows states where COVID is "likely growing"
Health authorities are watching for signs the virus might be starting to accelerate again after a springtime lull in COVID rates.
Bill to ban most public mask wearing advances in North Carolina
North Carolina Republicans are pushing forward with their plan to repeal a pandemic-era law, citing crime and recent campus protests.
What is hypochlorous acid? The trendy skin care ingredient, explained
Hypochlorous acid is the latest skin care ingredient making waves on social media for acne prevention — but is it true? We asked dermatologists.
Walmart chia seeds sold nationwide recalled due to salmonella
Private-label food supplier recalls 32-ounce pouches of Great Value Organic Black Chia Seeds because of potential contamination.
Surgery patients at lower risk with women doctors, more research shows
A new study finds hospitals with a higher share of women surgeons and and anesthetists shave better patient outcomes.
World
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4 cold case murders in Canada linked to U.S. serial rapist
Police said Gary Allen Srery might also be linked to other unsolved murders and sexual assaults in Western Canada.
Last pandas in the U.S. have a timetable to fly back to China
Atlanta received Lun Lun and Yang Yang from China in 1999 as part of a 25-year loan agreement that will soon expire.
Bodies of three hostages recovered by Israeli forces in Gaza
The Israel Defense Forces recovered the bodies of Shani Louk, Amit Bouskila and Itshak Gelernter in Gaza, Rear Adm. Daniel Hagari said.
Mayoral candidate, young girl among 6 shot dead in Mexico
It was unclear whether Lucero López Maza was the intended target of the attack, because shootings have become so common in the area.
Vatican updates norms to evaluate visions of Mary in the internet age
For centuries, apparitions of Mary at sites such as Fatima, Portugal and Lourdes, France have become the basis for shrines visited by millions of pilgrims each year.
Entertainment
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Person of interest in custody after Steve Buscemi assaulted in New York City
A person is in custody more than a week after actor Steve Buscemi was punched in an apparent random attack in New York City.
Kenny Chesney reflects on music journey
Kenny Chesney recently kicked off his summer tour. The country superstar talks with "CBS Mornings" about his historic career and shares how his music continues to evolve.
Lainey Wilson the big winner at 2024 Academy of Country Music Awards
Lainey Wilson took home female artist of the year and the top prize of entertainer of the year at the 2024 Academy of Country Music Awards.
Daniel Martin on embracing his roots and empowering women through makeup
Celebrated makeup artist Daniel Martin is known for his work with Hollywood stars like Michelle Yeoh, Nina Dobrev, Jessica Alba and Meghan Markle.
"CBS News Sunday Morning: By Design" gets a makeover by legendary designer David Rockwell
Preview: The Emmy Award-winning news program's annual "By Design" edition on May 19 features Courteney Cox, a $3 million sports car, a bold new plan by tech billionaires, Martha Stewart and more.
Technology
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TikTok says it's testing letting users post 60-minute videos
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
Biden's Chinese EV tariffs don't address lingering national security concerns
The 100% Chinese EV tariffs are meant to head off economic risks, but some Democrats say Chinese EVs should be banned entirely for security reasons.
How AI powered robots are helping small farms
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 agrees to $35 million settlement with some iPhone 7 users
The settlement covers U.S. residents who owned an iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023, and reported a covered issue to Apple or paid the company for repairs.
Nissan data breach exposes Social Security numbers of nearly 53,000
Ransomware attack targeted a Nissan virtual private network, the automaker's U.S. subsidiary said.
Science
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Discovery of long-lost river may solve ancient pyramid mystery
The 40-mile-long river branch, which ran by the Giza pyramid complex, was hidden under desert and farmland for millennia, scientists said.
New study may solve mystery about warm-blooded dinosaurs
A new study suggests that the first warm-blooded dinosaurs may have roamed Earth about 180 million years ago.
Asia's deadly heat wave was made 45 times more likely for this reason
Extreme heat is known as a "silent killer," and in some areas across Asia, its intensity would have been impossible without one critical factor, a new study found.
Satellite images show what the historic geomagnetic storm looked like from space
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
Cicadas pee from trees. And they can urinate a lot, a new study finds.
Scientists who study such things have found that cicadas urinate in a jet stream because they consume an incredible volume of fluid during their brief time above ground.
Crime
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4 cold case murders in Canada linked to U.S. serial rapist
Police said Gary Allen Srery might also be linked to other unsolved murders and sexual assaults in Western Canada.
Person of interest in custody after Steve Buscemi assaulted in New York City
A person is in custody more than a week after actor Steve Buscemi was punched in an apparent random attack in New York City.
David DePape sentenced to 30 years in Paul Pelosi hammer attack
The man convicted of attempting to kidnap then-House Speaker Nancy Pelosi and attacking her husband with a hammer was sentenced to 30 years in prison Friday morning.
Mayoral candidate, young girl among 6 shot dead in Mexico
It was unclear whether Lucero López Maza was the intended target of the attack, because shootings have become so common in the area.
Teen trafficked into U.S. rescued after texting 911, describing area
Information provided by the teenager allowed deputies to launch a search and locate her in minutes.
Space
More Space
Sun emits its largest X-class flare of the solar cycle
The large explosion of energy and light from the sun comes just days after Earth was slammed with the biggest geomagnetic storm in more than 20 years.
Researchers discover "super fluffy" planet with cotton candy-like density
WASP-193b is 50% larger than Jupiter — the largest planet in our solar system — but seven times less massive because of it's extraordinarily low density.
Satellite images show what the historic geomagnetic storm looked like from space
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
Boeing Starliner launch retargeted for May 21
The oxygen valve that derailed a launch try last week has been replaced, but engineers want more time to verify an unrelated helium leak has been fixed.
More geomagnetic storms likely to continue today
The forecasted conditions come after a weekend of jaw-dropping northern lights seen as far south as Florida and as "magnetically complex" sunspots bigger than Earth continue to emit solar flares.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Roger Corman, "King of the B Movies" 1926-2024
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
N.J. woman survives a home invasion, brutal stabbing by a young stranger
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
PHOTOS: Baltimore bridge collapses after cargo ship rams into overpass
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
Could an Alabama woman have shot herself twice?
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
Latest CBS News Videos
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Latest CBS News Videos
20 years of same-sex marriage in Mass.
20 years ago, Massachusetts became the first state in the U.S. to issue marriage licenses to same-sex couples. CBS News' Elaine Quijano breaks down the move's impact.
Justice Samuel Alito facing recusal calls
Supreme Court Justice Samuel Alito is facing calls to recuse himself from cases before the high court involving former President Donald Trump after reports emerged of an inverted flag flown outside his home in January 2021. The inverted flag was used by some to protest alleged election impropriety. CBS News legal contributor Jessica Levinson discusses.
Scheffler arrested at PGA Championship
Masters champion Scottie Scheffler was arrested and booked after being involved in an apparent traffic incident near the scene of a pedestrian fatality investigation. Ann Liguori, the host of WAFN's "Talking Golf," joins CBS News with more on the arrest.
Deadly Houston storms knock out power
It will take weeks to restore power in some parts of Houston, according to city officials, after deadly thunderstorms slammed power lines and blasted downtown buildings. CBS News' Dave Malkoff reports.
Trump to campaign in Minnesota
Former President Donald Trump heads to Minnesota to campaign Friday after his son Barron Trump's high school graduation. Trump obtained permission to attend the ceremony in a break from his "hush money" criminal trial in New York. CBS News politics reporter Hunter Woodall reports from St. Paul.