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%.
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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.
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.
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.
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 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.
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.
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.
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.
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.
The names make up less than 15% of the nearly 5 million small businesses that received forgivable, low-interest 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.
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.
The Trump administration is imposing new restrictions on U.S. travel to Cuba. In a statement, the Treasury Department said the U.S. would no longer allow group educational and cultural trips, known as "people-to-people" travel. Reena Ninan has more.
The Trump administration is imposing new restrictions on U.S. travel to Cuba. The Treasury Department says Americans will no longer be allowed to travel to Cuba by cruise ships, private air, and group educational and culture trips known as "people to people" travel. CBS News state department reporter Christina Ruffini joined CBSN from Washington with more.
Americans who get supplemental income set to get the money by direct deposit, while checks go out on Friday.
As the Treasury Department continues sending out stimulus checks to millions of American, some may never get to the hands of those who need it most. Under the CARES Act, anyone with a judgment against them for any private debt could lose their stimulus to a debt collector. CBS MoneyWatch reporter and video producer Irina Ivanova joined CBSN to discuss what kind of debt could be putting your coronavirus relief money at risk.
As small business owners receive money from Congress' Paycheck Protection Program, some are worried about the heavy restrictions it imposes on allocating that money to payroll. Emily Flitter of the New York Times joined CBSN to discuss her reporting on the challenges small businesses are facing.
Native American tribes are being ravaged by the deadly virus.
More than a dozen companies that received federal aid for small business are looking to raise up to $1 billion in total.
The Senate reached a deal to expand funding for the Paycheck Protection Program intended to provide loans to small businesses.
Delta, American, United, Southwest, Alaska, JetBlue and others have tentatively agreed to terms that would pay workers and keep them employed through September.
The Treasury and Justice Departments announced they're taking action against Evil Corp, a Russian hacking group that used malware to steal more than $100 million.
Iran said it would attack "all infrastructure in the region" if President Trump follows through on his threats to attack Iranian civilian infrastructure.
Heavy smoke from several large wildfires blazing in Canada and Minnesota is engulfing large swaths of the Midwest and Northeast U.S. this week.
Judges on the U.S. District Court for the Western District of Washington had appointed Roger Rogoff as U.S. attorney in Seattle. But he was fired shortly after.
Sen. Thom Tillis said that Todd Blanche must meet with survivors of convicted sex offender Jeffrey Epstein's crimes before he'll vote to advance his nomination for attorney general out of the Senate Judiciary Committee.
Noise from a Mississippi plant powering Elon Musk's xAI data centers in the area is causing migraines, ringing ears and sleepless nights, residents say.
More than a foot of rain has fallen since Monday, triggering dangerous flash flooding in central Texas.
Ukrainians are demonstrating in Kyiv and senior figures announcing their resignations over President Volodymyr Zelenksyy's move to oust his popular defense chief.
After detecting suspicious activity on the teleprompter operator's account, Kalshi investigated and then referred the case to federal regulators.
Neville Roy Singham, who lives in Shanghai, China, is a major financial backer of a New York City-based nonprofit called the People's Forum, a left-leaning organization advocating for causes affecting the working class.
After detecting suspicious activity on the teleprompter operator's account, Kalshi investigated and then referred the case to federal regulators.
Sen. Thom Tillis said that Todd Blanche must meet with survivors of convicted sex offender Jeffrey Epstein's crimes before he'll vote to advance his nomination for attorney general out of the Senate Judiciary Committee.
Noise from a Mississippi plant powering Elon Musk's xAI data centers in the area is causing migraines, ringing ears and sleepless nights, residents say.
More than a foot of rain has fallen since Monday, triggering dangerous flash flooding in central Texas.
One climatologist said "a perfect storm" of climate extremes primed the western U.S. for one of its worst fire seasons in a decade. Meanwhile, Canadian wildfire smoke fills the air.
After detecting suspicious activity on the teleprompter operator's account, Kalshi investigated and then referred the case to federal regulators.
The recall includes cases of Pillsbury "Hard Roll Dough" and "Kaiser Roll Dough" bread rolls, which are marketed to businesses.
The state with the biggest jump in foreclosure activity was Idaho, where filings increased 59% compared to the same time last year.
The United States is imposing 25% tariffs on imports from Brazil after finding a range of what it deemed unfair trade practices by the world's 10th-biggest economy.
U.S. airlines say higher jet fuel prices are costing them billions more than they anticipated at the beginning of the year.
Sen. Thom Tillis said that Todd Blanche must meet with survivors of convicted sex offender Jeffrey Epstein's crimes before he'll vote to advance his nomination for attorney general out of the Senate Judiciary Committee.
Neville Roy Singham, who lives in Shanghai, China, is a major financial backer of a New York City-based nonprofit called the People's Forum, a left-leaning organization advocating for causes affecting the working class.
Judges on the U.S. District Court for the Western District of Washington had appointed Roger Rogoff as U.S. attorney in Seattle. But he was fired shortly after.
George Santos has worn many hats: swindler, congressman, prison inmate, podcast host. The obvious next gig? Reality TV show contestant.
Immigration officers could weigh use of Medicaid, food aid and housing help in green card decisions after Trump administration rescinds Biden-era public charge rule.
"Healthful with Norah O'Donnell" launches July 22.
A blood test may predict if apparently healthy older adults are likely to develop Alzheimer's symptoms in the next five or 10 years, researchers say.
As of Tuesday, nearly 7,000 people in 34 states reported symptoms tied to a parasitic illness that, so far, has no official source. Carter Evans reports on what's suspected of being behind the cyclosporiasis outbreak.
Officials are still searching for the source of the outbreak, prompting consumers to seek advice on social media about which foods to avoid.
Capt. Chesley "Sully" Sullenberger, who famously landed a passenger jet on the Hudson River in 2009, said he has been diagnosed with Alzheimer's disease.
The Juárez Cartel and Los Viagras joined six other Mexican criminal organizations that the U.S. considers terrorist groups.
One climatologist said "a perfect storm" of climate extremes primed the western U.S. for one of its worst fire seasons in a decade. Meanwhile, Canadian wildfire smoke fills the air.
Maria de Jesus Quijada was shot at while traveling in a vehicle with her family. Her husband did not survive.
Spain is looking to secure a World Cup victory for the first time in 16 years, and Argentina enters Sunday hoping to become back-to-back champions.
Ukrainians are demonstrating in Kyiv and senior figures announcing their resignations over President Volodymyr Zelenksyy's move to oust his popular defense chief.
Pulitzer Prize-winning cartoonist Pat Oliphant, whose acidic drawings skewering political figures were syndicated in as many as 500 publications around the world, died on July 13, 2026 at age 90. In this April 16, 2000 "Sunday Morning" story, Oliphant talked with Morley Safer about caricature, censorship, and the influence of the first great political cartoonist, 19th century French master Honoré Daumier, whose grotesque drawings of King Louis Philippe led to a curtailment of press freedom in France in 1835.
George Santos has worn many hats: swindler, congressman, prison inmate, podcast host. The obvious next gig? Reality TV show contestant.
The actor's agent said he was providing more information following news reports "which contain inaccuracies and outright falsehoods."
Author and journalist Stephen Dubner, who rose to fame when he co-wrote The New York Times bestseller "Freakonomics," talks with "CBS Mornings" about launching his own weekly talk show on YouTube, "Better in Person." Dubner discusses how the show got its start, his wide range of guests and why he decided to self-finance it.
The Paramount+ documentary "The Real Wolf of Wall Street" gives an inside look at Jordan Belfort's scandal-ridden firm, Stratton Oakmont.
Noise from a Mississippi plant powering Elon Musk's xAI data centers in the area is causing migraines, ringing ears and sleepless nights, residents say.
Residents of Southaven, Mississippi, are sounding off about a data center plant powering Elon Musk's xAI data centers in the area, likening the constant noise to being tortured.
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.
Meta announced it is introducing new features to help protect teens using Instagram, Facebook and WhatsApp, including alerting a parent if their child discusses self-harm with one of its AI chatbots. Kelly O'Grady explains.
Tech giant Samsung is set to debut a new line of foldable phones at its Galaxy Unpacked event next week. CNET senior technology reporter Abrar Al-Heeti joins CBS News to discuss.
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
The Defense Department released a fourth batch of UFO files on Friday, nearly one month after its third drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
The Juárez Cartel and Los Viagras joined six other Mexican criminal organizations that the U.S. considers terrorist groups.
Antioch, Illinois, mother Jennifer Bos voiced her support for Todd Blanche at his confirmation hearing to become attorney general. Bos advocates for stricter immigration policy after her daughter was allegedly murdered by an illegal immigrant.
Ronaldo Salgado and Lorenzo Salgado Jr., the sons of the Mexican man who was shot and killed by an ICE agent in Houston, spoke to CBS News' Camilo Montoya-Galvez about their father's death.
Newly obtained GPS data from the Mississippi Department of Marine Resources tracks the movements of the boat that Mississippi teen Nolan Wells was on before he went missing. Wells was found dead after a Fourth of July boat trip to Horn Island with friends. CBS News' Anna Schecter has the latest on the investigation.
Maria de Jesus Quijada was shot at while traveling in a vehicle with her family. Her husband did not survive.
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
Republican Sen. Thom Tillis said Thursday that he would not confirm Todd Blanche as attorney general until Blanche meets with Epstein survivors.
Democratic Sen. Peter Welch questioned former Attorney General John Ashcroft during Todd Blanche's confirmation hearing on the relationship dynamics between a president and their attorney general.
A White House teleprompter operator allegedly made nearly $100,000 betting on President Trump's speeches on the prediction market Kalshi, CBS News has confirmed. CBS News' Zak Hudak reports.
Residents of Southaven, Mississippi, are sounding off about a data center plant powering Elon Musk's xAI data centers in the area, likening the constant noise to being tortured.