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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.
Experts worry a housing crisis is looming as more Americans are unable to pay rent after losing their jobs during the pandemic. While a federal moratorium stalled evictions in certain places, one renter who spoke to CBS News' Anna Werner says she and some of her neighbors were still served with notices. One of the housing complex's owners later said this was a mistake. Werner investigates the growing issue for our series, Financial Fallout.
Nearly 36 million jobs have been lost during the coronavirus pandemic. A new report shows that 55% of people filing for benefits were unsuccessful leaving many uncertain of their finances. Mark Strassmann 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.
Another 3.8 million workers filed for unemployment benefits last week, bringing the total to 30 million in the last six weeks. Mark Strassmann reports.
Raphael Bostic, the head of the Federal Reserve Bank of Atlanta, says he's unsure how many job losses will be permanent, noting that "it's too soon to tell."
A total of 36 million Americans have applied for jobless benefits since the coronavirus erupted in March.
An unprecedented 20.5 million jobs were lost in April, a decade of gains wiped out in a single month. Mark Strassmann reports.
California florists are among the few businesses permitted to be open for business with curbside pickup, just in time for Mother's Day. However, many Americans still face longer-term unemployment, with 7.7 million jobs lost in the hospitality and travel industries during April alone. Michael George speaks to Americans who are facing unemployment and uncertainty amid the pandemic.
Parks, businesses and other public areas across the country are starting to reopen after weeks of lockdown. The coronavirus pandemic has caused massive unemployment, but the number of cases continues to increase. Danya Bacchus reports.
Today on "Face the Nation," the grim march to reopen the country continues as unemployment soars to levels unseen since the Great Depression.
CBS News' Mark Strassmann reports from Atlanta on the growing crisis.
Kevin Hassett, the chairman of the Council of Economic Advisers, says job loss from the pandemic represents the "biggest negative shock to the jobs market that we've seen since World War II."
White House economic adviser Kevin Hassett on Sunday predicted the unemployment rate could go beyond 20%. The latest report shows unemployment has already climbed to nearly 15% and more than 20 million Americans lost their jobs in April. Nikole Killion reports.
Experts say it could take years for the U.S. job market to rebound from the massive hit delivered by the coronavirus.
Nearly 3 million Americans filed new unemployment benefit claims last week, according to the Department of Labor on Thursday. That means more than 36 million workers have filed for unemployment benefits in the past eight weeks. CBS News business analyst Jill Schlesinger explains the significance of the numbers.
Richard DeBlasio is among the millions of U.S. gig workers seeking unemployment assistance amid the coronavirus pandemic.
Kevin Hassett predicted that the unemployment rate will likely reach its peak in May or June.
Since coronavirus lockdowns in the U.S. began, the celebrity chef has awarded grants to 40,000 food industry workers.
As restaurants try to adjust to new restrictions amid the coronavirus pandemic, some are getting creative with new ideas like car hops and TV dinners. Carter Evans reports.
Nevada is one of the latest states to reopen, with the governor allowing non-essential stores to resume with restrictions. But not all states are racing to fully open as people continue to protest in states like Washington, where hundreds turned out to say the economic damage has already been done. Jonathan Vigliotti reports.
The Paycheck Protection Program (PPP), passed by Congress as part of the CARES Act, was set up to distribute forgivable loans to small businesses shuttered over coronavirus. Several banks are being sued for allegedly funneling PPP loans to bigger corporate clients to maximize their processing fee profits. In the first batch of coronavirus relief, banks have raked in $10 billion. Yahoo Finance reporter and anchor Akiko Fujita joins Elaine Quijano in the CBSN studio to talk about the implications for banks' bottom lines, and the future of coronavirus aid to small businesses.
Missed the second half of the show? The latest on coronavirus testing, the workplace in the era of social distancing and the future of high education in the post-COVID world.
In 1933, during the Great Depression, newly-elected President Franklin Delano Roosevelt confronted 25% unemployment, sweeping poverty, and the collapse of the banking system. His response would reshape the way the country thought about presidential leadership, and democracy itself. CBS News' John Dickerson talks with Roosevelt scholars Jonathan Alter, David Woolner and Susan Dunn about FDR and the presidency during crisis and war.
"The coronavirus pandemic continues to take a devastating toll on the American economy. More than 20 million Americans lost their jobs last month, bringing the national unemployment rate up to 14.7%. John Friedman, a professor of economics and international and public affairs at Brown University, joined CBSN to discuss the latest numbers and how the job market can bounce back. "
President Trump's comments came shortly after he said that the U.S. military had conducted "one of the most power bombing raids" on a vital Iranian oil hub.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
Hamas called on Iran to refrain from targeting neighboring countries, while affirming Tehran's right to defend itself.
The attack hit four districts, damaging residential buildings, educational institutions and critical infrastructure, officials said.
His predecessor, Pope Francis, lived in a simple apartment in the Santa Marta guesthouse in the Vatican.
U.S. Energy Secretary Chris Wright invoked the Defense Production Act to restore the Sable Offshore Corp.'s Santa Ynez unit and pipeline off Santa Barbara's coastline.
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
U.S. Energy Secretary Chris Wright invoked the Defense Production Act to restore the Sable Offshore Corp.'s Santa Ynez unit and pipeline off Santa Barbara's coastline.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
The attorney for former U.S. Sen. Kyrsten Sinema says she shouldn't be subject to a lawsuit by the ex-wife of her former lover.
TSA officers faced their first full missed paycheck Friday.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
Planning a trip? Travel experts recommend booking your flight soon as the Iran war drives up airline and ticket costs.
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Parts defect affecting Highlander and Highlander Hybrid vehicles can increase the risk of injury, according to a safety notice. Here's what to know.
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
TSA officers faced their first full missed paycheck Friday.
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
His predecessor, Pope Francis, lived in a simple apartment in the Santa Marta guesthouse in the Vatican.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
The attack hit four districts, damaging residential buildings, educational institutions and critical infrastructure, officials said.
The wild boar sparked a police response that drew in officers and veterinarians equipped with a tranquilizer gun, shields and even a blowgun.
Hamas called on Iran to refrain from targeting neighboring countries, while affirming Tehran's right to defend itself.
Pascal Rostain, one of the last-standing "traditional" paparazzi photographers, talks to "CBS Saturday Morning" about how the industry has changed in a world of smartphones and social media.
Kat Rosenfield, a culture writer for the Free Press, joins "CBS Saturday Morning" to preview the 98th Academy Awards and discuss her new novel, "How to Survive in Woods." The Free Press is a Paramount publication.
Jay Buchanan is the frontman for the Grammy-nominated rock group Rival Sons. Outside of the band, he's collaborated with Brandi Carlile, Jason Isbell, and the Bee Gees' Barry Gibb. His debut solo album, Weapons of Beauty, is out now. Here's Jay Buchanan performing "Deep Swimming."
Jay Buchanan is the frontman for the Grammy-nominated rock group Rival Sons. Outside of the band, he's collaborated with Brandi Carlile, Jason Isbell, and the Bee Gees' Barry Gibb. His debut solo album, Weapons of Beauty, is out now. Here's Jay Buchanan performing "Sway."
Jay Buchanan is the frontman for the Grammy-nominated rock group Rival Sons. Outside of the band, he's collaborated with Brandi Carlile, Jason Isbell, and the Bee Gees' Barry Gibb. His debut solo album, Weapons of Beauty, is out now. Here's Jay Buchanan performing "True Black."
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
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.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
Prosecutors intend to seek the death penalty for Tyler Robinson, 22, who is charged with aggravated murder in the Sept. 10 shooting of Charlie Kirk.
The suspect in the Michigan synagogue attack died from a self-inflicted gunshot wound, the FBI said at a news conference on Friday. CBS News correspondent Ash-har Quraishi has the latest.
Officials in Michigan gave an update about Thursday's synagogue car ramming attack that the FBI is investigating as a "targeted act of violence against the Jewish community." CBS News national security contributor Sam Vinograd has more.
The U.S. is on high alert after two separate domestic attacks on Thursday: A shooting at Old Dominion University, and a car ramming at a Michigan synagogue. CBS News justice correspondent Scott MacFarlane has the latest details on the incidents.
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
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.
President Trump's announcement about strikes on Kharg Island has sparked more questions about the potential of U.S. military boots on the ground.
Pascal Rostain, one of the last-standing "traditional" paparazzi photographers, talks to "CBS Saturday Morning" about how the industry has changed in a world of smartphones and social media.
Since Raoul's landed on Prince Street in New York's SoHo neighborhood 50 years ago, it's become one of the city's most prized bistros. "CBS Saturday Morning" goes behind the scenes to learn more about the story behind the legendary family business.
Kat Rosenfield, a culture writer for the Free Press, joins "CBS Saturday Morning" to preview the 98th Academy Awards and discuss her new novel, "How to Survive in Woods." The Free Press is a Paramount publication.
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