As student debt relief fails, some point to "hypocrisy" of PPP loans
The U.S. forgave $757 billion in loans through the Paycheck Protection Program, with most of those benefits going to the wealthy.
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The U.S. forgave $757 billion in loans through the Paycheck Protection Program, with most of those benefits going to the wealthy.
President Biden is asking for $600 million for prosecution, including funds to create at least 10 new Justice Department strike forces.
The pain and concern of Latinos and Latinas nationwide is being felt in Washington, D.C., where Florida Senator Marco Rubio co-authored the Paycheck Protection Program, which aims to help keep people employed. There are also local politicians like New York State Assemblywoman Catalina Cruz, who's filling the gaps and getting creative to meet the needs of her constituents in Queens. Maria Elena Salinas hosts “Pandemia: Latinos in Crisis,” a CBS News special.
Marjorie Taylor Greene said for the government to say debt is forgiven "is completely unfair." The White House tweeted back that she had more than $183,000 in PPP loans forgiven.
Federal prosecutors say Valesky Barosy, 27, of Fort Lauderdale, Florida used COVID-19 relief money to buy $2.2 million in luxury items such as a Lamborghini and Rolex watches.
Governor orders all New Yorkers to wear face coverings when outdoors; Exercising under quarantine
Lee Price III falsely misrepresented the status of three companies, and used the money to spend thousands on a strip club, properties and luxury items.
Many states looking to reopen as U.S. coronavirus cases approach 1 million; Couple marks 50th wedding anniversary with virtual celebration.
President Trump has consistently claimed there is no shortage of medical supplies or coronavirus tests but that's been disputed by many governors. Paula Reid reports.
The $350 billion Paycheck Protection Program could run out of money as early as Tuesday night. And Congress can't agree on how to send more. Kris Van Cleave reports.
The portal, expected to launch August 4, will apply to businesses that have Paycheck Protection Program loans of $150,000 or less.
Just $8 billion remains in the program, earmarked for companies headed by women or minorities.
Harris has been a strong advocate for small businesses that have had trouble obtaining loans to keep them afloat during the long pandemic.
Black and Latino business owners were less than half as likely to be fully approved for loans than White business owners.
Mr. Biden signed a bill extending the deadline to apply for Paycheck Protection Program loans through May 31.
A House subcommittee says it has evidence that mismanagement by the Trump administration led to nearly $84 billion in fraudulent Paycheck Protection Program (PPP) loans. Select committee member and Illinois Representative Raja Kirshnamoorthi joins CBSN's Lana Zak to discuss what's being done to prevent fraudulent PPP loans, the Baby Food Safety Act and the filibuster debate in the Senate.
When signed by President Joe Biden, the new legislation would give businesses another two months to apply for the Paycheck Protection Program.
The current Paycheck Protection Program is set to expire in a few weeks. Many Black-owned businesses have been unable to apply for the program's second round because of unforgiven loans. Gusto's chief operating officer Lexi Reese joins CBSN to discuss.
President Biden held a ceremony Monday evening to honor over 500,000 Americans who died from the coronavirus. Earlier in the day, he made changes to a federal program that helps small businesses impacted by the pandemic. CBS News' Natalie Brand joined CBSN's Elaine Quijano to discuss the latest from the White House.
President Biden will announce several revisions to a federal program helping businesses stay afloat during the pandemic, the Paycheck Protection Program. The changes are aimed at ensuring more small and minority-owned businesses are able to qualify for federal assistance. CBS News senior White House correspondent Weijia Jiang joins CBSN to discuss what those changes entail.
White House wants to provide more support to businesses with fewer than 20 workers, as well as sole proprietors.
Monday marks the first day small businesses can apply for the lated round of help from the Paycheck Protection Program. Lawmakers authorized $284 billion in forgivable loans for struggling businesses as part of the coronavirus relief bill that recently passed. Joanne Canady-Brown, owner of the Gingered Peach Bakery in Lawrenceville, New Jersey, shares her story with CBSN.
The federal loans, which can be forgiven, will have five-year terms and carry an interest rate of 1%.
Many "were being turned down in the first and second round of funding," said president of U.S. Black Chambers.
More than 100,000 U.S. restaurants have been killed off by the pandemic. Will the latest PPP loans for small businesses be enough to save the struggling survivors this winter? CBS MoneyWatch reporter Megan Cerullo tells CBSN why even more eateries could go under.
The official DHS statistics, which had not been previously reported, provide the most detailed look yet into who ICE has arrested during the Trump administration's crackdown.
"Today" show co-host Savannah Guthrie issued a plea for the public's help on Monday at what she called "an hour of desperation" in the search for her mother, Nancy.
U.S. Olympian Hunter Hess said "there is so much that is great about America, but there are always things that could be better," a day after President Trump lashed out at him.
The U.S. military struck its 39th alleged drug-carrying boat on Monday, killing two people and leaving one survivor who is now the focus of a search-and-rescue effort.
The Justice Department is moving to toss out its case against former Trump adviser Steve Bannon, who was jailed for declining to testify before the House Jan. 6 panel.
Google and Pepsi were among the best ads of the Big Game, while Coinbase and ai.com got failing grades, according to one ranking.
Taming runaway U.S. beef prices will require more than stepping up imports, economists said. Here's the key to cutting costs.
Here is a look at where the medal count stands for Team USA and other nations as the competition heats up in the 2026 Winter Olympics.
Catherine O'Hara, known for her roles in "Home Alone," "Schitt's Creek" and "Beetlejuice," died on Jan. 30 at the age of 71.
Instagram's parent company Meta and Google's YouTube dispute claims that their platforms deliberately addict and harm children.
A federal judge has blocked a California law from going into effect that would ban federal immigration agents from covering their faces but they will still be required to wear clear identification showing their agency and badge number.
Catherine O'Hara, known for her roles in "Home Alone," "Schitt's Creek" and "Beetlejuice," died on Jan. 30 at the age of 71.
The Justice Department is moving to toss out its case against former Trump adviser Steve Bannon, who was jailed for declining to testify before the House Jan. 6 panel.
Researchers at two Spanish universities found that 84% of the contiguous U.S. states has shown signs of warming over the last 70 or so years, which is more than previously suggested.
Instagram's parent company Meta and Google's YouTube dispute claims that their platforms deliberately addict and harm children.
ChatGPT will clearly distinguish between ads and answers to user prompts on the AI platform, according to OpenAI.
Taming runaway U.S. beef prices will require more than stepping up imports, economists said. Here's the key to cutting costs.
New items, such as a strawberry matcha loaf, represent the chain's latest effort to boost sales as part of its "Back to Starbucks" campaign.
Olympic medals have what's known as a "melt value." But they're worth far more financially than their mineral contents, an auction expert notes.
The U.S. military struck its 39th alleged drug-carrying boat on Monday, killing two people and leaving one survivor who is now the focus of a search-and-rescue effort.
A federal judge has blocked a California law from going into effect that would ban federal immigration agents from covering their faces but they will still be required to wear clear identification showing their agency and badge number.
U.S. Olympian Hunter Hess said "there is so much that is great about America, but there are always things that could be better," a day after President Trump lashed out at him.
The Justice Department is moving to toss out its case against former Trump adviser Steve Bannon, who was jailed for declining to testify before the House Jan. 6 panel.
Ghislaine Maxwell's lawyer said she would be willing to cooperate with a House panel's probe if President Trump grants her clemency, and would testify that he is "innocent of any wrongdoing."
Ballad Health, the nation's largest state-sanctioned hospital monopoly, plans to rebuild Unicoi County Hospital in Tennessee on land that two climate modeling companies say is at risk of flooding.
Becca Valle, then 37, enrolled in a cutting-edge clinical trial after surgery removed an aggressive tumor from her brain.
More than three dozen cases of death cap mushroom poisonings have been reported in California since November, health officials said.
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
U.S. Olympian Hunter Hess said "there is so much that is great about America, but there are always things that could be better," a day after President Trump lashed out at him.
Here is a look at where the medal count stands for Team USA and other nations as the competition heats up at the 2026 Winter Olympics.
Taming runaway U.S. beef prices will require more than stepping up imports, economists said. Here's the key to cutting costs.
Team USA's mixed doubles curling gold medal match against Sweden is slated for Tuesday, Feb. 10.
Skier Tallulah Proulx, 17, was raised in the U.S., but she's making Olympic history as the Philippines' first female, and youngest athlete in any Winter Games.
Just 30 seconds of highly coveted commercial airtime during the Super Bowl costs as much as $10 million, according to CBS News MoneyWatch. Bill Pearce, marketing faculty member at The University of California, Berkeley, joins to discuss some of the ads from Super Bowl LX.
Bad Bunny's historic Super Bowl halftime show included superstar surprise guests and a message of unity and cultural celebration. While many praised the performance, President Trump took to social media to criticize the show. CBS News political director Fin Gómez joins with analysis.
The Super Bowl is a football game, an entertainment spectacle, a global billboard and a crucible of American political discord. CBS News chief Washington correspondent Major Garrett explains.
Catherine O'Hara, known for her roles in "Home Alone," "Schitt's Creek" and "Beetlejuice," died on Jan. 30 at the age of 71.
Ingrid Fajaro, a staff writer at Billboard, joins CBS News 24/7 to discuss the cultural impact of Bad Bunny's halftime performance at Super Bowl LX.
Instagram's parent company Meta and Google's YouTube dispute claims that their platforms deliberately addict and harm children.
Opening statements began Monday in Los Angeles in a landmark trial over alleged social media addiction in children. 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.
ChatGPT will clearly distinguish between ads and answers to user prompts on the AI platform, according to OpenAI.
The FAA says it is collaborating with the FBI to detect, track and assess unauthorized drone activity at the Super Bowl.
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
"Sunday Morning" looks back at historical events on this date.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
A second ransom deadline passed Monday for Nancy Guthrie, the mother of "Today" show co-host Nancy Guthrie. CBS News correspondent Jonathan Vigliotti reports on the search and former FBI special agent Jeff Harp joins to discuss the situation.
The children of Nancy Guthrie, including "Today" show co-anchor Savannah Guthrie, are praying for signs of life more than a week after their mother disappeared. CBS News reporter Andres Gutierrez has more from Tucson, Arizona.
Savannah Guthrie released a new video on Monday, pleading for the public's help in finding her mother, Nancy. CBS News reporter Andres Gutierrez has the latest.
"Today" show co-host Savannah Guthrie posted a new video Monday pleading for the public's help in the search for her missing mother, Nancy. CBS News' Andres Gutierrez has more.
Police say one person is in custody after at least one person was shot at a Maryland high school on Monday. CBS affiliate WUSA reports.
The new crew will replace four station fliers who returned to Earth ahead of schedule last month due to a medical issue.
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
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.
"Today" show co-host Savannah Guthrie issued a plea for the public's help at what she called "an hour of desperation." As Jonathan Vigliotti reports, the search for her missing mom, Nancy Guthrie, has entered its second week with few new leads and no new suspects.
Just 30 seconds of highly coveted commercial airtime during the Super Bowl costs as much as $10 million, according to CBS News MoneyWatch. Bill Pearce, marketing faculty member at The University of California, Berkeley, joins to discuss some of the ads from Super Bowl LX.
Nick Emmanwori just won it all in his rookie season as a safety with the Seattle Seahawks, and his mom was somewhere in that cheering crowd of 70,000. But Justina Emmanwori is not your typical football mom. Tony Dokoupil has more on her viral interview.
Bad Bunny's historic Super Bowl halftime show included superstar surprise guests and a message of unity and cultural celebration. While many praised the performance, President Trump took to social media to criticize the show. CBS News political director Fin Gómez joins with analysis.
Ghislaine Maxwell, a longtime associate of convicted sex offender Jeffrey Epstein who herself was convicted of sex trafficking in 2021, invoked her Fifth Amendment right against self-incrimination and refused to answer questions during a virtual appearance before the House Oversight and Government Reform Committee. Scott MacFarlane reports.