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.
Paycheck Protection Program
White House pushing Congress to pass funding to combat pandemic-related fraud
President Biden is asking for $600 million for prosecution, including funds to create at least 10 new Justice Department strike forces.
White House calls out GOP student debt critics who had PPP loans forgiven
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.
Man bought Lamborghini, Rolex, more with COVID funds, feds say
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.
Texas man sentenced to 9 years in prison for PPP scheme
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.
Portal will allow small businesses to directly apply for PPP forgiveness
The portal, expected to launch August 4, will apply to businesses that have Paycheck Protection Program loans of $150,000 or less.
Paycheck Protection Program runs dry for most loan applicants
Just $8 billion remains in the program, earmarked for companies headed by women or minorities.
How Harris is engaging with community lenders to help small businesses
Harris has been a strong advocate for small businesses that have had trouble obtaining loans to keep them afloat during the long pandemic.
Business owners of color had a harder time getting loans, report finds
Black and Latino business owners were less than half as likely to be fully approved for loans than White business owners.
Biden signs extension of small business loan program
Mr. Biden signed a bill extending the deadline to apply for Paycheck Protection Program loans through May 31.
Rep. Krishnamoorthi weighs in on PPP fraud and filibuster debate
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.
Lawmakers want to extend PPP deadline
When signed by President Joe Biden, the new legislation would give businesses another two months to apply for the Paycheck Protection Program.
Black-owned businesses face obstacles
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.
Biden honors lives lost to COVID-19
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.
Biden directing PPP aid to small businesses
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.
Biden to ease PPP borrowing for smallest U.S. businesses
White House wants to provide more support to businesses with fewer than 20 workers, as well as sole proprietors.
Small businesses trying to survive pandemic
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.
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%.
Minority-owned businesses were last to receive PPP loans
Many "were being turned down in the first and second round of funding," said president of U.S. Black Chambers.
Will restaurants survive winter?
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.
Small businesses face pandemic challenges
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.
Will the latest loans help restaurants survive winter?
A new round of paycheck protection program loans gives special leeway to restaurants — but might not save eateries hanging on by a thread.
Restaurant owner on staying afloat
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.
Small business owner on COVID relief bill
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.
PPP returns with $285 billion, and there's still room for fraud
News organizations, high-end co-ops and talent agents will have a better shot at getting a PPP loan in round three.
U.S. Coast Guardsman's wife arrested in Key West over expired visa
U.S. officials say the wife of an active-duty Coast Guardsman was arrested earlier this week by federal immigration authorities inside the family residential section of the U.S. Naval Air Station at Key West, Florida, after she was flagged in a security check.
Trump met Ukraine's President Zelenskyy ahead of Pope Francis' funeral
President Trump and Ukraine's President Zelenskyy met privately ahead of the funeral of Pope Francis, the White House said.
Watch Pope Francis' full funeral video as world mourns late Vatican leader
The funeral service for Pope Francis took place Saturday morning at the Vatican. Watch the full ceremony.
See photos of Pope Francis' funeral and procession
Pope Francis requested simplicity in his wooden coffin and final resting place, but his funeral Mass still reflected the grandeur and traditions of the Vatican.
U.S., Iran hold talks on Tehran's rapidly advancing nuclear program
The talks seek to limit Iran's nuclear program in exchange for the lifting of some of the crushing economic sanctions the U.S. has imposed on the Islamic Republic.
Judge demands answers on whether 2-year-old U.S. citizen was deported to Honduras
In an order, a federal judge wrote there was a "strong suspicion that the Government just deported a U.S. citizen with no meaningful process."
Iranian port hit by massive explosion, at least 14 killed, hundreds injured
The blast happened at the Rajaei port just outside of Bandar Abbas, a major shipping site in Iran.
Virginia Giuffre, prominent Jeffrey Epstein accuser, dies by suicide
Virginia Giuffre, who spoke out against Jeffrey Epstein and Britain's Prince Andrew, "was a fierce warrior in the fight against sexual abuse and sex trafficking," her family said.
One Georgia deputy killed, second wounded during traffic stop shooting
The shooting occurred just outside Augusta, Georgia, during a traffic stop, authorities said. The wounded deputy was in critical condition.
U.S.
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U.S. Coast Guardsman's wife arrested in Key West over expired visa
U.S. officials say the wife of an active-duty Coast Guardsman was arrested earlier this week by federal immigration authorities inside the family residential section of the U.S. Naval Air Station at Key West, Florida, after she was flagged in a security check.
Convicted murderer says she knows who husband's real killer is
Sentenced to life for the murder of her husband, Melody Farris tells "48 Hours" in an exclusive interview that she is innocent – and points the finger at her son. He says he had nothing to do with his father's death.
Detective's affair exposed during wife's murder investigation
Brian Fanion says he and his wife Amy Fanion had been arguing about his retirement plans when she picked up his service weapon and shot herself. Investigators did not believe his story.
One Georgia deputy killed, second wounded during traffic stop shooting
The shooting occurred just outside Augusta, Georgia, during a traffic stop, authorities said. The wounded deputy was in critical condition.
British Airways flight makes emergency landing after suspected bird strike
The plane made the emergency landing "after the crew reported a possible bird strike and fumes in the cabin," the FAA said.
MoneyWatch
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The ripple effect of Trump's tariff war with Canada on Nashville's local economy
The U.S. Travel Association says just a 10% dip in Canadian travel to the U.S. for the year could result in over $2 billion in lost spending.
Small businesses push for exemptions from Trump tariffs
Small businesses operate on narrow margins and lack the financial resources to absorb the cost of steep tariffs, Sen. Ed Markey said.
DOGE's $160 billion in savings have cost $135 billion, analysis finds
The push by Elon Musk's Department of Government Efficiency to slash federal funding will cost taxpayers money, nonpartisan group finds. Here's why.
Amazon sellers are hiking prices on hundreds of goods as tariffs bite
Prices on thousands of of goods sold on Amazon, Temu and Shein are rising as U.S. tariffs on China boost import costs.
Wall Street ends week on muted note amid ongoing trade questions
Financial markets are likely to remain choppy until investors get more clarity on U.S. trade policy, Wall Street analysts say.
Politics
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U.S. Coast Guardsman's wife arrested in Key West over expired visa
U.S. officials say the wife of an active-duty Coast Guardsman was arrested earlier this week by federal immigration authorities inside the family residential section of the U.S. Naval Air Station at Key West, Florida, after she was flagged in a security check.
The Washington Hilton's decades-long history with D.C. politics
The White House Correspondents' Dinner has been an annual tradition since 1921, bringing together presidential comedy and the press corps, and the Hilton has been its home for 57 years.
Kennedy Center cancels week of events celebrating LGBTQ rights
In the wake of the cancellations, Washington's Capital Pride Alliance has disassociated itself from the Kennedy Center.
Judge demands answers on whether 2-year-old U.S. citizen was deported to Honduras
In an order, a federal judge wrote there was a "strong suspicion that the Government just deported a U.S. citizen with no meaningful process."
Trump says he hasn't asked El Salvador's president to return Abrego Garcia
President Trump called Kilmar Abrego Garcia's case "another men in women's sports thing for the Democrats."
HealthWatch
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He had 2 months to live. Research "like science fiction" saved his life.
Michael Wolff was at the "edge of a cliff" when he was diagnosed with a cancer that affects less than 300 patients a year in the U.S.
Health agencies "not creating an autism registry," official says
"We are not creating an autism registry," a Department of Health and Human Services official said in a statement.
USDA withdraws a plan to limit salmonella levels in raw poultry
The United States Department of Agriculture is withdrawing a rule proposed to help prevent salmonella poisoning from contaminated poultry.
Nonprofit hospitals chase down patients eligible for free care
For poorest patients at hundreds of nonprofit hospitals, financial pain follows medical care.
House Republicans face dilemma over Medicaid cuts
The GOP is unlikely to reach its lofty goal in spending cuts without paring back Medicaid, the safety net that helps more than 70 million people.
World
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Ex-Taliban leader pleads guilty in U.S. soldiers killings, journalists kidnapping
Haji Najibullah, 49, entered the guilty plea in Manhattan federal court to providing material support for acts of terrorism and conspiring to take hostages.
Napoleon's sword from 1802 to be sold at auction in Paris
The auction firm said on Friday it expected Napoleon's sword to reach $800,000 to $1.1 million.
India, Pakistan tensions flare along the border in disputed Kashmir
In the days since, tensions have risen dangerously between India and Pakistan, which have fought two of their three wars over Kashmir.
See photos of Pope Francis' funeral and procession
Pope Francis requested simplicity in his wooden coffin and final resting place, but his funeral Mass still reflected the grandeur and traditions of the Vatican.
Ukrainian troops forced out of Kursk region, Russia claims
Ukrainian officials disputed the claim, saying their forces continue to hold back Russian troops in the Kursk sector.
Entertainment
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Entertainment
Rock band Goose opens up about latest album
The rock band Goose formed in 2014 and started to gain popularity playing in local bars. As audiences grew, they made their Saturday Sessions debut in 2022. Now, they're back to perform their new album "Everything Must Go." The band opened up about their latest work.
Goose performs "Thatch"
The rock band Goose formed in 2014 and started to gain popularity playing in local bars. As audiences grew, they made their Saturday Sessions debut in 2022. Now, they're back to perform their new album "Everything Must Go." From "Everything Must Go," here is Goose with "Thatch."
Goose performs "Give It Time"
The rock band Goose formed in 2014 and started to gain popularity playing in local bars. As audiences grew, they made their Saturday Sessions debut in 2022. Now, they're back to perform their new album "Everything Must Go." From "Everything Must Go," here is Goose with "Give It Time."
Goose performs "Your Direction"
The rock band Goose formed in 2014 and started to gain popularity playing in local bars. As audiences grew, they made their Saturday Sessions debut in 2022. Now, they're back to perform their new album "Everything Must Go." From "Everything Must Go," here is Goose with "Your Direction."
Herb Alpert reflects on fame, TikTok and turning 90 with the Tijuana Brass
Legendary trumpeter Herb Alpert marked his 90th birthday with a Lincoln Center performance and a new tour.
Technology
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Technology
Geoffrey Hinton on future of AI
Geoffrey Hinton, whose work shaped modern artificial intelligence, says companies are moving too fast without enough focus on safety. Brook Silva-Braga introduced us to Hinton in 2023 and recently caught up with him.
New process for mining electronic waste could be a gold mine
Easier and cheaper extraction of gold from old tech could boost the financial incentive to safely recycle, and keep toxic metals out of landfills.
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.
Navigating electric vehicle roadblocks
Electrical vehicles are growing in popularity, but finding a place to charge them can be difficult depending on where you leave. CBS News' Natalie Brand reports.
Trump official on DOJ's face-off with Google
In Washington, D.C., a courtroom face-off continues between Google and the Department of Justice. The fate of Google Search lies in the hands of a federal judge who will decide the best solution to Google's monopoly in internet search. Tech journalist Yasmin Khorram interviewed Omeed Assefi, DOJ antitrust division deputy assistant attorney general, about the case.
Science
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"Bone collector" caterpillar disguises itself in the remains of its prey
There are other meat-eating caterpillars that "do lots of crazy things, but this takes the cake," the study's author said.
Trump admin fast-tracks fossil fuel projects, angering environmentalists
Shortening permitting procedures for mining and oil drilling could adversely affect the environment, communities and endangered species, experts say.
NASA releases stunning space photos to mark Hubble anniversary
The Hubble Space Telescope "opened a new window to the universe" when it launched into space. Now, 35 years later, NASA is releasing some stunning images to celebrate.
Coral reef bleaching hits 84% worldwide, worst on record, surveys show
Harmful bleaching of the world's coral has grown to include 84% of the ocean's reefs in the most intense event of its kind in recorded history, scientists say.
Cicada maps show where the insects will emerge in the U.S. this spring
A large brood of periodical cicadas is due to emerge in the spring of 2025. These maps show where people should expect to see, and hear, the bugs this year.
Crime
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Convicted murderer says she knows who husband's real killer is
Sentenced to life for the murder of her husband, Melody Farris tells "48 Hours" in an exclusive interview that she is innocent – and points the finger at her son. He says he had nothing to do with his father's death.
Detective's affair exposed during wife's murder investigation
Brian Fanion says he and his wife Amy Fanion had been arguing about his retirement plans when she picked up his service weapon and shot herself. Investigators did not believe his story.
Mangione's supporters rally outside NYC court as he pleads not guilty
Luigi Mangione pleaded not guilty Friday to federal murder and stalking charges, drawing a crowd of onlookers to the courthouse in New York City.
Jury in Read murder trial visits key location
On Day 4 of Karen Read's second murder trial, jurors visited the crime scene where Read is accused of hitting her boyfriend, John O'Keefe, with her car and leaving him to die in the snow, which she denies. CBS News Boston's Kristina Rex reports. Then, lawyer and legal analyst Eric Guster joins to break down the case.
Mangione pleads not guilty to federal charges
Luigi Mangione on Friday pleaded not guilty to federal charges in the murder of UnitedHealthcare CEO Brian Thompson. Mangione appeared in a Manhattan federal court for his arraignment on two counts of stalking, a firearm offense murder through the use of a firearm. He's accused of fatally shooting Thompson in December 2024. CBS News' Katrina Kaufman has more.
Space
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NASA releases stunning space photos to mark Hubble anniversary
The Hubble Space Telescope "opened a new window to the universe" when it launched into space. Now, 35 years later, NASA is releasing some stunning images to celebrate.
NASA images show peanut-shaped asteroid during high-speed flyby
This asteroid is bigger than scientists anticipated, about 5 miles long and 2 miles wide at its widest point — resembling a deformed peanut.
When and where to see the Lyrid meteor shower's peak
During the peak of the Lyrid meteor shower, 10 to 20 meteors could be seen per hour, NASA says.
NASA's most senior astronaut returns to Earth with 2 cosmonauts
Don Pettit, NASA's oldest active astronaut, marked his 70th birthday by landing on the steppe of Kazakhstan after 220 days in space.
NASA spacecraft to zoom past asteroid this weekend at 30,000 mph
The flyby is a dress rehearsal for 2027 when Lucy reaches its first so-called Trojan asteroid near Jupiter.
Latest Galleries
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"No Kings": Protesters across country march against Trump, Musk
Protests against the Trump administration took place across the U.S. Saturday. The demonstrations were held to mark the 250th anniversary of the start of the Revolutionary War.
Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
"Hands Off!": Americans across country protest Trump, Musk
Hundreds of thousands took to the streets, in Washington, D.C. and other cities across the United States, in opposition to the policies of Donald Trump, in the largest protests since he returned to the presidency.
Husband pieces together wife's last movements to find out how she was killed
A look into a grieving husband Jan Cilliers' investigative work after his wife Christy Giles and her friend Hilda Marcela Cabrales died after a night out.
The Scott Peterson case: New evidence?
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
Latest CBS News Videos
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Latest CBS News Videos
Here Comes the Sun: Mark & Jay Duplass and more
Brothers Mark and Jay Duplass sit down with Luke Burbank to discuss their success in Hollywood. Then, Conor Knighton travels to St. Petersburg, Florida, to visit The Dalí Museum, showcasing more than 2,400 works by artist Salvador Dalí. “Here Comes the Sun” is a closer look at some of the people, places and things we bring you every week on “CBS Sunday Morning.”
The Farris Wheel
Melody Farris, the matriarch of a wealthy family, spins a tale trying to pin the murder of her husband on her own son. "48 Hours" correspondent Peter Van Sant reports.
The Detective's Wife
Police investigate one of their own when a detective becomes a suspect in the shooting death of his wife. "48 Hours" contributor Nikki Battiste reports.
Virginia Giuffre, Epstein accuser, dies at 41
Virginia Giuffre, who was the first of many accusers of convicted sex offender Jeffrey Epstein to go public with her allegations against him, has died by suicide at the age of 41 in Western Australia. Ali Bauman has more.
Deadly explosion rocks Iranian port
At least eight people were killed and at least 750 more injured in an explosion and fire at the Shahid Rajaei port in southern Iran Saturday. The cause of the blast remains unclear.