Treasury says states can cut taxes under COVID bill – with a catch
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.
United States Department of the Treasury
Newsweek is standing by a report that the magazine tracked down the founder of Bitcoin. The new digital currency is highly volatile, having lost half its value over the past three months.
Newsweek is standing by a report that the magazine tracked down the founder of Bitcoin. The new digital currency is highly volatile, having lost half its value over the past three months. It’s also attracting attention from the Treasury Department and the Securities and Exchange Commission. Ben Tracy reports.
Stimulus payments delaying tax returns
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.
Yellen: Job market still "in a deep hole"
Treasury Secretary Janet Yellen says she is "afraid that the job market is stalling."
Senate confirms Janet Yellen as new treasury secretary
She's the first woman to lead the department in its more than 230-year history.
Harriet Tubman on the $20? Treasury to move forward with effort
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.
Effort to put Tubman on $20 to go forward
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.
Janet Yellen confirmed as treasury secretary
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.
Janet Yellen pushes for "big" federal action
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.
Hearings start for Biden's cabinet nominees
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.
Feds set to revive loan program for small businesses
The federal loans, which can be forgiven, will have five-year terms and carry an interest rate of 1%.
Second stimulus check: IRS says the $600 payments are on their way
The tax agency said it began distributing direct deposits Tuesday night, and will start mailing paper checks December 30.
$600 stimulus check start going out
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.
Who will get stimulus checks, and how much?
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.
Hackers gained access to Treasury emails
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.
"Dozens" of top Treasury email accounts hacked, senator says
Senator Ron Wyden said the "full depth" of the Treasury hack "isn't known."
Trump downplays massive cyberattack
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.
U.S. federal agencies hacked by foreign entity
The Department of Commerce and the U.S. Treasury were hacked in an undetected, monthslong operation. Experts believe the cyberattack was by a foreign entity, and many officials blame a Russia-affiliated group for the security breach. Jamil Jaffer, founder and executive director of the National Security Institute at George Mason University, joined CBSN's Elaine Quijano to discuss what we know so far about the hack.
Potentially major hack of government agencies disclosed
Treasury, Commerce Departments hit. Feds order all agencies to search their networks for signs they were affected. Russia, suspected by many experts, denies any role.
Russia denies hacking U.S. federal agencies
Hackers breached several U.S. government agencies, including the Treasury and Commerce departments. Russia, a leading suspect behind the cyberattack, is denying any involvement. CBS News senior investigative correspondent Catherine Herridge has more, and CBS News technology reporter Dan Patterson joined CBSN to discuss the investigation, plus new data on the reach of misinformation on social media.
Biden names women to key roles
President-elect Joe Biden is nominating women to lead the Treasury Department and White House budget office. He is also choosing an all-female White House press staff of seven. Ed O'Keefe reports.
Trump on Beirut explosion, COVID relief bill
President Trump is contradicting local Lebanese officials by suggesting that the deadly explosion that rocked Beirut was an "attack." Lebanon says a stockpile of confiscated explosives is to blame. CBS News White House correspondent Weijia Jiang joins CBSN with more on that as well as new details on COVID-19 relief bill negotiations and the Trump campaign's lawsuit targeting Nevada over mail-in voting.
Treasury names small businesses receiving PPP loans
The names make up less than 15% of the nearly 5 million small businesses that received forgivable, low-interest loans.
Details on companies that got PPP loans
The Trump administration has released a list of companies that have received small business loans from the Paycheck Protection Program during the coronavirus pandemic. Some of them include Trump donors, Democratic and Republican political groups, the Girl Scouts, and Kanye West's clothing line. CBS News Radio White House correspondent Steven Portnoy joins CBSN with details.
Mnuchin refuses to hand over Trump taxes
The Treasury Secretary is formally refusing to hand over the President's tax returns to Congress. Hunter Walker, a White House correspondent for Yahoo News, joins CBSN's "Red & Blue" to discuss Monday's political news.
Supreme Court blocks new Postal Service rules for mail ballots in blow to Trump
The Supreme Court left intact a ruling that blocked the U.S. Postal Service from enforcing new regulations for mail voting, rejecting the Trump administration's effort to move forward with the rules in the midterms.
First on CBS
Air Force officer prayed while "free-falling" after being shot down in Iran
Badly wounded and alone in Iran's desert, downed U.S. Air Force officer Dude 44 Bravo evaded capture for days as the Iranian forces and the U.S. military searched for him.
Mitch McConnell returns to Capitol Hill after monthslong absence
GOP Sen. Mitch McConnell of Kentucky returned to Capitol Hill on Monday for the first time in three months, ending a prolonged absence that sparked widespread speculation about his health.
First on CBS
Pardon brokers offer to "put pressure on the president" — at sky-high costs
Hidden cameras captured lobbyists as they tried to woo a potential client interested in obtaining a pardon from President Trump.
Who won Emmys for 2026? See the full winners list here.
The 78th Primetime Emmy Awards celebrated the best in television and streaming from the past year on Monday. See the full list of winners and nominees.
Live
Oil prices stay above $100 as Iran and Oman delay Strait of Hormuz talks
Iran and Oman delayed a meeting to discuss control of the Strait of Hormuz as fighting between Iran's Houthi allies and Saudi Arabia raises the stakes for global energy markets.
Exclusive
Blanche defends mail ballot changes, says election practices are being probed
Attorney General Todd Blanche fiercely defended the Trump administration's push to impose tighter mail voting rules, telling CBS News the DOJ is examining election practices in multiple states.
Democrats vow to investigate Trump pardon brokers if party controls Congress
Senior Democratic lawmakers vowed to investigate the new market that has sprung up around President Trump's pardons, citing CBS News video that aired in a 60 Minutes report.
Investigation
Loopholes and shady practices taint U.S. surrogacy industry
Lured by promises of payment and a desire to help other families, surrogates discover they have few protections from practices that cast a "dark shadow" over the industry.
U.S.
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Ross Fire still burning, with over 90,000 acres scorched
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
Watchdog says military facing munition shortage, spent $33 billion on Iran war
The first-of-its-kind report acknowledges the military's munition shortfall and details some of the losses of American assets so far as part of Operation Epic Fury.
Who won Emmys for 2026? See the full winners list here.
The 78th Primetime Emmy Awards celebrated the best in television and streaming from the past year on Monday. See the full list of winners and nominees.
AI companies must ensure their tech is safe, says top Trump adviser on AI
In an interview with CBS News, Sacks suggested that fears AI could harm people are overblown. "I think this is becoming a panic," he said.
Exclusive
Blanche vows to release more 9/11 docs: "We're not protecting people"
Attorney General Todd Blanche says the government is not withholding documents to protect another country, days after 9/11 families publicly appealed to the Trump administration for more information to be released.
MoneyWatch
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AI companies must ensure their tech is safe, says top Trump adviser on AI
In an interview with CBS News, Sacks suggested that fears AI could harm people are overblown. "I think this is becoming a panic," he said.
The AI bubble is leaking air, some economists say. Should investors worry?
AI has fueled a stock boom in recent years. Now, some Wall Street analysts think that epic run is coming to an end.
The U.S. economy faces mounting headwinds. Here are the top risks.
Rising energy costs, persistently high inflation and mounting federal debt are clouding the outlook for the U.S. economy — and Americans' finances.
Tech stocks slump after AI execs call for industry slowdown
The tech-heavy Nasdaq slumped 147 points on Monday after AI company executives called for a slowdown in developing the technology.
Anthropic CEO Dario Amodei: "For too long the industry lied" about AI risks
The head of the artificial intelligence company calls the exponential rate of AI developments a "warning sign," with risks for humanity, and says, "We need to slow down." He talks with "Sunday Morning" about possible steps forward.
Politics
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Exclusive
Blanche defends mail ballot changes, says election practices are being probed
Attorney General Todd Blanche fiercely defended the Trump administration's push to impose tighter mail voting rules, telling CBS News the DOJ is examining election practices in multiple states.
Trump nominates Lee Greenwood's wife to serve as ambassador to Barbados
President Trump on Monday nominated Kimberly Greenwood, the wife of "God Bless the USA" singer Lee Greenwood, to serve as ambassador to Barbados and several other Caribbean countries.
Democrats vow to investigate Trump pardon brokers if party controls Congress
Senior Democratic lawmakers vowed to investigate the new market that has sprung up around President Trump's pardons, citing CBS News video that aired in a 60 Minutes report.
Supreme Court blocks new Postal Service rules for mail ballots in blow to Trump
The Supreme Court left intact a ruling that blocked the U.S. Postal Service from enforcing new regulations for mail voting, rejecting the Trump administration's effort to move forward with the rules in the midterms.
Exclusive
Blanche vows to release more 9/11 docs: "We're not protecting people"
Attorney General Todd Blanche says the government is not withholding documents to protect another country, days after 9/11 families publicly appealed to the Trump administration for more information to be released.
HealthWatch
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Pennsylvania woman dies of measles complications, coroner reports
A 40-year-old woman died on Saturday from complications associated with measles, the coroner reported.
Strange symptom and a "weird" referral led to surprise Stage 4 cancer diagnosis
Kate Ping thought she was just stressed out. A nurse practitioner's surprising recommendation led to a shocking diagnosis.
Trump admin. to send $500 checks to nearly 1 million ACA enrollees
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
Record-setting cyclospora outbreak is over, U.S. health officials say
The Centers for Disease Control and Prevention said there is no longer a risk of people getting sick with cyclosporiasis from this outbreak and is confident that all related iceberg lettuce is off the market.
Coroner releases details on 2 infant deaths in Pennsylvania measles outbreak
Neither infant was old enough to be vaccinated. The first dose of the measles vaccine is typically given at around 1 year of age.
World
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Trump nominates Lee Greenwood's wife to serve as ambassador to Barbados
President Trump on Monday nominated Kimberly Greenwood, the wife of "God Bless the USA" singer Lee Greenwood, to serve as ambassador to Barbados and several other Caribbean countries.
After losing son, couple welcomes daughter born from embryo frozen for 22 years
The couple named their daughter Georgia in honor of their late son, Giorgos.
Iran's proxies using Yemen to compound war's impact on oil prices
An attack on a Saudi Arabian pipeline and a simmering war between the Saudis and Iran's Houthi allies in Yemen are pushing oil prices up.
Shark attacks, injures surfer at popular beach in Australia
Scientists believe increasingly crowded waters and rising ocean temperatures are shifting sharks' migratory patterns, which may be contributing to a rise in attacks.
Sweden faces political uncertainty as election deals far-right a blow
Sweden's left-wing opposition are holding a slim lead after an election that saw the far-right's share of the vote
Entertainment
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Who won Emmys for 2026? See the full winners list here.
The 78th Primetime Emmy Awards celebrated the best in television and streaming from the past year on Monday. See the full list of winners and nominees.
Looking back at Bob Mackie's looks and life
Bob Mackie, a fashion icon known for elevating Hollywood's leading ladies and pop stars for decades, died on Monday at 87. Meg Oliver looks back on his signature looks and his life.
CBS News interviews an AI "actor"
The first so-called AI actor, Tilly Norwood, is on a promotional tour for an upcoming movie produced by a British company. CBS News correspondent Leigh Kiniry interviewed the AI on the film "Misaligned."
Macklemore dropped from Ed Sheeran's tour following pro-Palestinian remarks
Performer Macklemore is being dropped from Ed Sheeran's Loop tour after making on-stage statements that some found controversial.
Iconic designer Bob Mackie dies at 87. See photos of legendary stars he dressed.
Dubbed the "Designer to the Stars," Bob Mackie won nine Emmy Awards, a Tony Award and was nominated for three Oscars.
Technology
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Technology
Rep. Sam Liccardo on AI regulation
While artificial intelligence leaders are uniting to slow development, lawmakers are split over the government's role in regulating the industry and how to balance safety concerns with efforts to stay ahead of China in the AI race. Democratic Rep. Sam Liccardo of California joins CBS News with his take.
Jeffries calls for immediate action on AI
On Capitol Hill, lawmakers returning from the summer recess are weighing in with differing views on how much government regulation on artificial intelligence is necessary. New York Times congressional correspondent Robert Jimison joins to discuss.
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.
Extended interview: David Sacks
David Sacks, a key adviser to President Trump on technology, believes fears that AI could threaten humanity are overblown. In an exclusive interview with CBS News' Jo Ling Kent, Sacks delivers a message to tech leaders including Anthropic CEO Dario Amodei, argues that a "pause" on AI development could cause the U.S. to fall behind China in the AI race, and discusses more about the importance of tech.
What could a global pause on AI look like?
Several top tech CEOs are calling for a slowdown in artificial intelligence development amid industry concerns that the technology is spiraling out of control. In a recent New York Times opinion piece, investigative journalist Stephen Witt argues that slowing down may not be enough. Witt joins CBS News to explain.
Science
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Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
First-ever adult T. rex trackway found in North Dakota
Paleontologists have identified the first known trackway made by a full-grown Tyrannosaurus rex, and the discovery was made in the North Dakota badlands.
Ig Nobel prizes go to scientists studying cockroach milk, nose-blowing, more
Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners.
Vote on the fattest marmot now
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA plans to launch new space telescope
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
Crime
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Crime
New details on Clancy holdout juror
The holdout juror in Lindsay Clancy's murder trial faced a domestic violence charge in 2021, but it was later dismissed, police records show. CBS News' Shanelle Kaul has more.
Lindsay Clancy juror speaks out
Paula Devlin, a juror in the murder trial of Lindsay Clancy, sat down with Shanelle Kaul to share her experience with the high-profile case and tense deliberations that ultimately ended in a mistrial.
Man arrested in death of Tasia Fortune, woman found hanging from tree
Mississippi police have arrested a man in the death of Tasia Fortune, a Black woman found hanging from a tree last month.
State of al‑Qaeda 25 years after 9/11 attacks
25 years after 9/11, we rarely hear about the state of the organization responsible for the attacks. The Atlantic recently put out a piece on al-Qaeda that says in part, "analysts can't decide if the terrorist organization is all but defunct or more threatening than ever." The article's author, Graeme Wood, joins "The Takeout" to discuss.
New terror threats against U.S. post 9/11
The FBI is warning of potential attacks on 9/11 remembrance ceremonies as terrorist groups call for new strikes on U.S. soil. Anna Schecter has more.
Space
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NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer music highlights of 2026
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.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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Tech stock selloff amid AI concerns
Calls for a slowdown in AI development sparked a global selloff in tech stocks on Monday. Jessica Inskip, the director of investor research at StockBrokers.com, joins "The Daily Report" to discuss.
Rep. Sam Liccardo on AI regulation
While artificial intelligence leaders are uniting to slow development, lawmakers are split over the government's role in regulating the industry and how to balance safety concerns with efforts to stay ahead of China in the AI race. Democratic Rep. Sam Liccardo of California joins CBS News with his take.
John Calipari on Protect College Sports Act
President Trump is urging Congress to pass the Protect College Sports Act. It would establish new guidelines and protections for name, image and likeness payments, and regulate issues like the transfer portal and how much teams can spend on their rosters. University of Arkansas head coach John Calipari joins to discuss his support for the bill.
Vance makes announcement on loans
Vice President JD Vance announced on Monday that people suspected of defrauding COVID-era programs will be barred from future federal loans.
Jeffries calls for immediate action on AI
On Capitol Hill, lawmakers returning from the summer recess are weighing in with differing views on how much government regulation on artificial intelligence is necessary. New York Times congressional correspondent Robert Jimison joins to discuss.