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The Justice Department instructed the IRS to hand over former President Trump's tax returns to Congress. A federal judge said Mr. Trump and his lawyers have until Wednesday to issue a response. CBS News legal contributor Rebecca Roiphe joins CBSN AM to discuss.
The decision puts an apparent end in sight to the yearslong battle over the records.
The federal government will begin dispersing monthly cash payments to low- and moderate-income families on July 15 as part of the child tax credit program included in the latest round of COVID relief. The rollout comes as the Federal Reserve paints a clearer picture of the current state of the economy, saying inflation will likely remain elevated in the coming months. CBS News reporter Sarah Ewall-Wice joins CBSN's Lana Zak with the details.
A new IRS tool will help millions of low-income Americans file for their 2021 child tax credit. The monthly payments will begin July 15 and extend through the year. While Democrats are trying to make the current payments permanent, Republicans are looking to introduce their own version of the credit. CBS News reporter Sarah Ewall-Wice joined CBSN's Elaine Quijano to discuss.
The U.S., along with some of the nation's biggest banks, are pumping big bucks into Minority Depository Institutions.
President Biden on Thursday signed an executive order branding the threat from Russia a national emergency and unleashing a flurry of sanctions that include the expulsion of at least 10 Russians from the diplomatic mission in Washington. CBS News intelligence and national security reporter Olivia Gazis joins CBSN to discuss the scope of the sanctions and the potential repercussions ahead.
Many people with jobs affected by the pandemic may soon be returning to work. President Joe Biden's $1.9 trillion stimulus package will also help create millions of new jobs for those in the public sector who were furloughed or laid off. State and local governments are hoping these new opportunities will bring jobs numbers back to pre-pandemic levels. CBS News reporter Sarah Ewall-Wice joined CBSN's Elaine Quijano to discuss.
The latest monthly Treasury report says the country spent nearly $660 billion more than it took in during March alone.
This week's jobs report shows a jump in new unemployment claims after several months of decline. Bankrate senior economic analyst Mark Hamrick joins CBSN to explain the latest spike and how President Biden's stimulus package may reverse the trend.
States sought and got clarification from federal officials about what they thought might be a blanket ban on tax reductions due to the massive measure.
Washington Post economics correspondent Heather Long joins CBSN's "Red & Blue" anchor Elaine Quijano to explain why millions of people who filed their taxes early are still waiting for their refunds, and how stimulus payments might be causing a delay. The IRS is delaying this year's deadline to May 17.
Treasury Secretary Janet Yellen says she is "afraid that the job market is stalling."
She's the first woman to lead the department in its more than 230-year history.
The renewed effort comes after former Treasury Secretary Steve Mnuchin announced nearly two years ago that the redesign proposed by former President Obama would not happen under the Trump administration.
White House Jen Psaki said Monday that the Treasury Department will move forward with an effort to put Harriet Tubman on the $20 bill. The effort was initiated by the Obama administration but then was stalled by the Trump administration. CBSN's Elaine Quijano reports.
The Senate on Monday confirmed Janet Yellen as treasury secretary by a 84 to 16 vote. She is the first woman to lead the department in its 230-year history. CBSN's Elaine Quijano reports.
CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" host Elaine Quijano to discuss the "big" actions Janet Yellen wants to see done by the Treasury Department if she is confirmed as secretary by the incoming Biden administration.
The Senate is kicking off a series of high-stakes confirmation hearings Tuesday for President-elect Joe Biden's top cabinet nominees. Lawmakers will question his picks to lead the Departments of State, Treasury, Homeland Security and Defense along with the director of national intelligence. CBS News senior White House correspondent Weijia Jiang joins CBSN from Wilmington, Delaware with more on the hearings, the upcoming impeachment trial and the new administration's expected first moves.
The federal loans, which can be forgiven, will have five-year terms and carry an interest rate of 1%.
The tax agency said it began distributing direct deposits Tuesday night, and will start mailing paper checks December 30.
Economists are split over whether increasing the stimulus checks from $600 to $2,000 per person is a good idea. Will the money go to those who need it most? How much will it cost the nation? CBS MoneyWatch senior reporter Stephen Gandel joins "CBSN AM" with details.
The Treasury Department has started sending out $600 stimulus checks to Americans, but President Trump and Democratic lawmakers say that's not enough. Senate Majority Leader Mitch McConnell blocked a vote to increase the amount to $2,000 per person and instead is linking it to an unrelated internet bill, which is likely to be shot down. CBS News' Debora Alfarone joins "CBSN AM" from Capitol Hill with the latest.
Email accounts of top Treasury Department officials were infiltrated for months in the massive hacking attack that was recently uncovered, raising fears that hackers possibly linked to Russia stole sensitive information with major financial implications. CBSN technology reporter Dan Patterson joins CBSN AM's Anne-Marie Green to talk about the latest developments.
Senator Ron Wyden said the "full depth" of the Treasury hack "isn't known."
President Trump responded to a massive cyberattack on the U.S., downplaying its severity and impact. Meanwhile, Secretary of State Mike Pompeo blamed Russia for the hack, which affected at least seven government agencies and went undetected for months. Erica Borghard, a senior fellow at the Atlantic Council, joined CBSN's Lana Zak to discuss.
The move marked a reversal from a day earlier, when Greene appeared to retreat from her threat to trigger a vote to remove Johnson as speaker.
The Biden administration is planning to announce a new regulation designed to allow immigration officials to deport migrants ineligible for U.S. asylum earlier in the process.
Kennedy campaign spokesperson Stefanie Spear said in a statement that "the issue was resolved more than 10 years ago, and he is in robust physical and mental health."
Judge Scott McAfee allowed District Attorney Fani Willis to remain on the case involving former President Donald Trump if Nathan Wade resigned, which he did.
A senior administration official linked the pause to Israel's operation in Rafah.
Almost 650,000 people aged 18 to 64 died of a drug overdose from 2011 to 2021, researchers found.
A man was convicted in the 2001 murder of Amanda Gonzales, a U.S. Army soldier who was 19 at the time of her death.
Indian police have arrested the parents of a 6-year-old deaf and nonverbal boy who's body was found in a canal with signs of a crocodile attack.
Three public school district leaders testified before a congressional panel Tuesday on incidents of antisemitism in their schools.
The move marked a reversal from a day earlier, when Greene appeared to retreat from her threat to trigger a vote to remove Johnson as speaker.
Almost 650,000 people aged 18 to 64 died of a drug overdose from 2011 to 2021, researchers found.
The cost of shelter is taking a bigger cut out of paychecks for many Americans, who are likely cutting back on basic necessities like food and child care, in order to cover rent.
Regional grocery chains separately recall cheese spreads sold across the Midwest because they may be tainted with bacteria.
The Biden administration is planning to announce a new regulation designed to allow immigration officials to deport migrants ineligible for U.S. asylum earlier in the process.
The cost of shelter is taking a bigger cut out of paychecks for many Americans, who are likely cutting back on basic necessities like food and child care, in order to cover rent.
Regional grocery chains separately recall cheese spreads sold across the Midwest because they may be tainted with bacteria.
If it feels like everyone in New York City is richer than you, it might be because they probably are.
The cost to buy a home is historically high, but Congress and the administration can do much more, experts say.
Victorinox, the maker of the Swiss Army Knife, says it's in the early stage of working on new products without knives.
The move marked a reversal from a day earlier, when Greene appeared to retreat from her threat to trigger a vote to remove Johnson as speaker.
The Biden administration is planning to announce a new regulation designed to allow immigration officials to deport migrants ineligible for U.S. asylum earlier in the process.
Kennedy campaign spokesperson Stefanie Spear said in a statement that "the issue was resolved more than 10 years ago, and he is in robust physical and mental health."
The cost to buy a home is historically high, but Congress and the administration can do much more, experts say.
A senior administration official linked the pause to Israel's operation in Rafah.
Almost 650,000 people aged 18 to 64 died of a drug overdose from 2011 to 2021, researchers found.
Regional grocery chains separately recall cheese spreads sold across the Midwest because they may be tainted with bacteria.
The American Cancer Society is trying to find out why Black women have the highest death rate for most cancers.
The trend of teens and tweens obsessing over skin care is "at its max," one dermatologist says.
According to a new study, "vehicles are likely important sources of human exposure to potentially harmful" flame retardants.
Prince Harry, the Duke of Sussex, is marking the 10th anniversary of the Invictus Games but his spokesman said he will not meet with his father, King Charles III.
The Olympic flame arrived in France aboard a 19th century tall ship to kick off a 7,500-mile journey to the Paris Summer Games.
Nearly 400 municipalities have been affected by the worst natural calamity ever to hit the state of Rio Grande do Sul in Brazil.
A senior administration official linked the pause to Israel's operation in Rafah.
Jerusalem's Hand in Hand school sees Jewish and Arab kids learn together – and they're learning a lot more than just math and science.
"Grotesquerie" star Niecy Nash took to social media to show off her new co-worker, Travis Kelce, on the new horror-drama TV series by "American Horror Story" creator Ryan Murphy.
Brian Fox, a fellow producer and engineer at Albini's Electrical Audio studio in Chicago, confirmed Albini passed away Tuesday night from a heart attack.
As part of AAPI month, "CBS Mornings" partnered with the organization Gold House to celebrate its A 100 list, which recognizes this year's most impactful Asian-Pacific leaders. One of the honorees is actor Hoa Xuande. You may recognize him for his lead role in the HBO show "The Sympathizer." He stars alongside Sandra Oh and Robert Downey Jr. Jo Ling Kent met the rising star, whose unlikely Hollywood journey shows no signs of stopping.
Billboard's Carl Lamarre joins "CBS Mornings" to discuss the heated feud between hip-hop artists Drake and Kendrick Lamar.
As tensions escalate between Kendrick Lamar and Drake, a security guard was critically injured in a shooting outside Drake's Toronto residence. Police are investigating the incident which casts a shadow over the hip-hop community's ongoing disputes.
TikTok filed a lawsuit over U.S. legislation that could ban the social media app. It says a new law demanding it sever ties with the Chinese government is unconstitutional and is a free speech issue. However, supporters of the law say it's essential for national security.
Video gamers eagerly awaiting a successor to Nintendo's hit Switch system finally got a clue on when to expect a new device.
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 lawsuit claims that the measure, signed into law by President Biden, is unconstitutional.
Boeing's Starliner was set to make its maiden voyage to the International Space Station, with its first piloted launch Monday night. But the launch, already pushed back following years of delays, was scrubbed with less than two hours to go before liftoff. Mark Strassmanm reports.
In the video, the surface of the sun appears furred with dark yellow material as beams of gold swoop overhead.
The visualization, produced on a NASA supercomputer, allows users to experience flight towards a supermassive black hole.
Boeing's Starliner was set to make its maiden voyage to the International Space Station, with its first piloted launch Monday night. But the launch, already pushed back following years of delays, was scrubbed with less than two hours to go before liftoff. Mark Strassmanm reports.
Reported sightings of giant, toxic, invasive hammerhead flatworms are on the rise in parts of southeastern Canada. Experts say the worms can grow up to 3 feet long and pose a risk to children, pets and other small animals. Peter Ducey, PH.D. and distinguished teaching professor at SUNY Cortland, joins CBS News to discuss the worm.
When NASA added a tiny four-pound helicopter as a stowaway to its Mars 2020 lander, it expected the helicopter to fly five very brief flights in the thin Martian atmosphere. Yet, Ingenuity would far surpass all expectations.
A man was convicted in the 2001 murder of Amanda Gonzales, a U.S. Army soldier who was 19 at the time of her death.
Indian police have arrested the parents of a 6-year-old deaf and nonverbal boy who's body was found in a canal with signs of a crocodile attack.
The worker stabbed a woman and two guards who tried to intervene before being subdued and held in a "shipboard jail," the affidavit says.
A former Mayo Clinic resident accused of fatally poisoning his wife last year may have been identifying as a widower before she even died, a new warrant reveals.
Alexander Louie, 34, told authorities he was not taking his HIV medication so he could purposely infect his partners.
The so-called super Earth — known as 55 Cancri e — is among the few rocky planets outside our solar system with a significant atmosphere.
In the video, the surface of the sun appears furred with dark yellow material as beams of gold swoop overhead.
United Launch Alliance decided to replace a suspect valve in the Atlas 5 rocket's upper stage, delaying launch to late next week.
The visualization, produced on a NASA supercomputer, allows users to experience flight towards a supermassive black hole.
Boeing's Starliner space capsule is set for a historic launch Monday night. CBS News space consultant Bill Harwood looks at the long-awaited mission into orbit, and what it could mean for the future of space travel.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
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?
We look back at the life and career of the longtime host of "Sunday Morning," and "one of the most enduring and most endearing" people in broadcasting.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Witness testimony resumed Wednesday in Idaho for Chad Daybell's murder trial. He is accused of killing his first wife and the two children of his then-girlfriend Lori Vallow Daybell. He has pleaded not guilty. CBS News correspondent Elise Preston brings us the latest.
President Biden highlighted Microsoft's plans to build a new data center during his recent visit to Wisconsin, saying it would be transformative and likely create thousands of jobs. CBS News campaign reporter Aaron Navarro has more.
CIA director Bill Burns met with Israeli Prime Minister Benjamin Netanyahu in Israel Wednesday as negotiations for a cease-fire agreement between Israel and Hamas carried on in Cairo. Ghaith Al-Omari is the senior fellow at the Washington Institute for Near East Policy and former executive director of the American Task Force on Palestine. He joined CBS News to discuss the dynamics of the talks.
The body of the sixth and final construction worker, identified as 37-year-old Jose Mynor Lopez, was recovered from the Key Bridge wreckage site, which brings an end to the weeks-long recovery effort. CBS News' Errol Barnett has the details.
A House education subcommittee is holding a hearing on antisemitism in K-12 public schools Wednesday. Lawmakers heard testimony from the leaders of some of America's largest school systems. CBS News congressional correspondent Scott MacFarlane has more on that and the latest news on Capitol Hill.