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.
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.
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.
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.
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 pandemic has affected a broad spectrum of businesses. Many are depending on another round of federal help for survival. CFO David Burman of Other Half Brewing Company joins CBSN to share how the New York business has faced the challenge.
A new round of paycheck protection program loans gives special leeway to restaurants — but might not save eateries hanging on by a thread.
The coronavirus pandemic has crippled restaurants and small businesses across the country, but the extension of the Paycheck Protection Program may help. CBS News' Chip Reid spoke with Montana restaurant owner Chuck Tanner about impact and how he's keeping his business going.
The new coronavirus relief bill will provide more than $284 billion in loans for small businesses. The pandemic has forced many to shut down or downsize to make ends meet. Conner Mowles, the president of a company called ParkHub in Dallas, shares some of his challenges with CBSN.
News organizations, high-end co-ops and talent agents will have a better shot at getting a PPP loan in round three.
Pennsylvania Rep. Madeleine Dean, a Democrat, said of Biden, "He had a bad debate. There's no two ways about that."
A hurricane warning was issued for Barbados, and a hurricane watch was in effect for St. Lucia, Grenada, and St. Vincent and the Grenadines.
Police said they spotted what "appeared to be a handgun" pointed at the officers. It was determined to be a replica Glock handgun.
Mahsoud Pakeshkian and Saeed Jalili are headed to a runoff presidential election on Friday to replace the late hard-line President Ebrahim Raisi, who died in a helicopter crash in May.
Some of the world's largest companies have toned down their Pride campaigns in the wake of last year's backlash against Target and Bud Light.
Five members of the same family were killed when their house was swallowed by a landslide while they were asleep, officials said.
Jason Duhaime, 46, was convicted on three counts Friday by a federal jury.
The 36-year-old woman is being held in the Mecklenburg County Jail on a $250,000 bond, jail records show.
Orlando Cepeda, the slugging Hall of Fame first baseman and Giants great nicknamed "Baby Bull," has died at 86.
Police said they spotted what "appeared to be a handgun" pointed at the officers. It was determined to be a replica Glock handgun.
The 36-year-old woman is being held in the Mecklenburg County Jail on a $250,000 bond, jail records show.
Jason Duhaime, 46, was convicted on three counts Friday by a federal jury.
A group of LGBT dancers and allies come together in Alpharetta, Georgia, to make line dancing something everyone can enjoy, together.
The Napa Valley Wine Train is going green to protect the delicate environment it travels through.
Some of the world's largest companies have toned down their Pride campaigns in the wake of last year's backlash against Target and Bud Light.
Last night's presidential debate between Biden and Trump marked a drop in TV viewership from 2020 and 2016.
CDK outage forecast to slow auto sales by 7.2% in June, pushing demand into July.
Cones, chocolate bars and gummies sold nationwide found to contain toxic levels of chemical found in some mushrooms.
Army of volunteers raced to hand out jugs of milk and bags of groceries to line of cars outside Fordyce High School.
Pennsylvania Rep. Madeleine Dean, a Democrat, said of Biden, "He had a bad debate. There's no two ways about that."
The Biden campaign says President Biden will "absolutely not" step aside.
Former President Donald Trump addressed a rally in Chesapeake, Virginia, a day after his first 2024 debate with President Biden.
The Supreme Court overruled a 40-year-old decision that said federal courts should defer to agencies in certain cases. Here's what it means.
The CBS News Battleground Tracker map includes our best estimates and 2024 presidential race ratings in every state for the Biden-Trump rematch.
Less than 100 intestinal transplants were done in 2023. For Danielle Perea, the surgery was her only chance.
The FDA said its study better simulated how commercial milk processing kills the bird flu virus, H5N1.
Cones, chocolate bars and gummies sold nationwide found to contain toxic levels of chemical found in some mushrooms.
Japan's Kobayashi Pharmaceutical says its looking at possible links between 80 deaths and its benikoji red yeast supplements.
Iowa joins more than a dozen other states with restrictive abortion laws following the U.S. Supreme Court's overturning of Roe v. Wade in 2022. Three other states currently ban abortions at about six weeks.
India won its second T20 World Cup but its first world title in 12 years.
Five members of the same family were killed when their house was swallowed by a landslide while they were asleep, officials said.
Korda, who tied an LPGA record earlier this year with five consecutive victories, has missed the cut in three straight tournaments for the first time in her career.
Called 2024 MK, the space rock will make its closest approach to Earth on Saturday.
The attacker, armed with a crossbow, wounded a Serbian police officer guarding the Israeli Embassy in Belgrade.
Longtime comedy actor Martin Mull, who had many memorable roles in TV shows including "Fernwood Tonight," "Roseanne" and "Arrested Development," has died at the age of 80.
Formed in Boston 20 years ago, Lake Street Dive is best known for their unique blend of jazz, pop, soul, country and folk music. Ahead of a nationwide tour, the band recently released their eighth studio album. Now, from "Good Together," here is Lake Street Dive with "Help Is On The Way."
Formed in Boston 20 years ago, Lake Street Dive is best known for their unique blend of jazz, pop, soul, country and folk music. Ahead of a nationwide tour, the band recently released their eighth studio album. Now, from "Good Together," here is Lake Street Dive with "Dance With a Stranger."
Formed in Boston 20 years ago, Lake Street Dive is best known for their unique blend of jazz, pop, soul, country and folk music. Ahead of a nationwide tour, the band recently released their eighth studio album. Now, here is Lake Street Dive with the title track of their new album, "Good Together."
Martin Mull came to national fame with a recurring role on the Norman Lear-created satirical soap opera "Mary Hartman, Mary Hartman," and the starring role in its spinoff, "Fernwood 2 Night."
Three major mobile carriers say customers abroad can't make phone calls, send messages.
Recall involves about 132,000 units due to lithium-ion batteries that can overheat, with $20,000 in property damage reported.
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.
Voice actors Paul Skye Lehrman and Linnea Sage say their voices are their livelihoods and are now being stolen by AI.
Two voice actors say they were hired by the AI company Lovo to provide voice clips for what they were told would be internal research. They claim the company instead cloned their voices, breaching their contracts. The actors are suing Lovo in a proposed federal class action lawsuit.
Called 2024 MK, the space rock will make its closest approach to Earth on Saturday.
Scientists are racing to figure out what's causing strange behavior and even deaths among fish, including the endangered sawfish. The phenomenon started in the Florida Keys, but has been seen as far north as Tampa.
South Africa is home to a large majority of the world's rhinos and as such is a hot spot for poaching driven by demand from Asia.
New research paints a worrying picture about the state of polar bears in Canada's Hudson Bay. The big furry bears could go extinct in the region as early as the 2030s due to thinning ice, longer ice-free seasons and human activity leading to climate change. Geoffrey York, one of the study's co-authors, joins CBS News to break down the findings.
Scientists monitoring 51 chimpanzees saw sick or injured animals eating certain plant items that were not part of their normal diet.
Police fatally shot a 13-year-old boy late Friday night following a chase in Utica, New York, after the teen displayed what turned out to be a replica handgun, authorities said. Michael George has the latest.
Police said they spotted what "appeared to be a handgun" pointed at the officers. It was determined to be a replica Glock handgun.
The 36-year-old woman is being held in the Mecklenburg County Jail on a $250,000 bond, jail records show.
Long Island police said Steven Schwally, 64, was drunk and speeding when he crashed an SUV into a nail salon Friday, killing an off-duty NYPD officer and three other people.
There are new details Friday in the 10-count indictment against former Uvalde school police chief Pete Arredondo. Janet Shamlian spoke with the family members of two of the students who were killed the Uvalde shooting and has their reaction.
The problem for NASA and Boeing is that the Starliner's service module is discarded before re-entry and burns up in the atmosphere.
The latest GOES satellite will play a critical role in tracking hurricanes and other dangerous storms across North America.
China's Chang'e 6 is the first craft ever to collect soil and rock samples from the side of the moon that faces away from Earth into space.
NASA has again postponed the troubled Boeing Starliner's trip home from the International Space Station as crews assess a series of helium leaks. Those leaks had also delayed the first crewed launch of the ship multiple times. Mark Strassmann reports.
NASA canceled a spacewalk on Monday due to a leaky spacesuit. And Starliner commander Barry "Butch" Wilmore and co-pilot Sunita Williams will remain at the International Space Station longer than planned after NASA and Boeing delayed the capsule's return to Earth. CBS News space consultant Bill Harwood breaks down the issues the astronauts are navigating in space.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
Longtime comedy actor Martin Mull, who had many memorable roles in TV shows including "Fernwood Tonight," "Roseanne" and "Arrested Development," has died at the age of 80.
Heavy flooding has inundated several parts of Minnesota over the past two weeks. However, a vast majority of Minnesotans lack flood insurance, leaving some with extensive property loss and an uncertain future. Tom Hanson reports.
Police fatally shot a 13-year-old boy late Friday night following a chase in Utica, New York, after the teen displayed what turned out to be a replica handgun, authorities said. Michael George has the latest.
Amid calls to bow out, a defiant President Biden is digging in, holding campaign events and fundraisers this weekend in New York and New Jersey. Taurean Small reports.
While leaders in San Francisco praised the Supreme Court's ruling giving cities nationwide the power to clear homeless encampments, Los Angeles Mayor Karen Bass called the decision a "disappointment." Adam Yamaguchi has more.