Strip club owner won't have to pay back millions in PPP aid
The owner of Rick's Cabaret got $5.4 million from the Paycheck Protection Program. Its stock soared 70% this year.
Paycheck Protection Program
Details on $900 billion COVID stimulus bill
Congress has agreed on a $900 billion coronavirus relief package which includes a new round of stimulus checks and restored supplemental unemployment benefits. CBS News political reporter Grace Segers joins CBSN AM to break down what's in the bill and what it means for the incoming Biden administration.
State of COVID economic relief negotiations
House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer said they support a new bipartisan $908 billion COVID-19 economic relief proposal as a baseline for negotiations. It includes money for small businesses, unemployment insurance, and local governments. Neil Bradley, executive vice president and chief policy officer of the U.S. Chamber of Commerce, joined "CBSN AM" to discuss.
Small business owner makes profits after PPP loan
Earlier this year, CBS News spoke with a small business owner who said the federal Paycheck Protection Program was not ideal for his business. But with the help from the program and after some restructuring, he now says his business is more profitable than it was before the coronavirus outbreak. Joe Walsh, owner of Green Clean Maine, an environmentally friendly cleaning service in Maine, joins CBSN to discuss how his business became a success story in the pandemic.
Who needs a second round of stimulus the most?
Millions of Americans are waiting for lawmakers on Capitol Hill to come to an agreement on a second coronavirus stimulus package. It's been months now since funds from the original CARES Act ran out. Dr. Lisa Cook, a professor of economics at Michigan State University and a former senior economist at the President's Council of Economic Advisers, discusses who needs a second round of stimulus the most, and why lawmakers should have a better system in place for the next economic crisis.
Cleaning company is more profitable than it was pre-COVID
Owner of home-cleaning service said the funds allowed him to restructure his small business. Now it's more efficient.
Workers being laid off twice as COVID ripples through economy
As PPP business loans run out, economists see a second wave of layoffs. "It feels completely arbitrary," said one worker made jobless.
Trump calls on Congress to pass COVID relief after calling off negotiations
The president urged Senate Majority Leader Mitch McConnell to focus on confirming his nominee to the Supreme Court.
NFL player charged in alleged COVID-19 relief loan scam
Bellamy allegedly used the loan to buy more than $100,000 on luxury goods and spent over $60,000 at the Seminole Hard Rock Hotel and Casino.
JPMorgan probes customers, employees over possible PPP fraud
CEO Jamie Dimon said in an internal memo that the bank has found evidence of illegal behavior.
Pivot to online store helps Legacy Toys grow
Legacy Toys in Minnesota was able to use their PPP loan to bring furloughed employees back to work and launch an online store. That revenue stream helped their brick-and-mortar locations survive the pandemic. Legacy Toys owner Brad Ruoho tells CBSN about the company's growth and his passion for educating children.
PPP loans seen as "fertile ground" for scams
Treasury Secretary Steve Mnuchin is testifying before a House committee where he is expected to be asked about the potential for fraudulent loans acquired under the Paycheck Protection Program. CBS News political reporter Grace Segers spoke to CBSN's Tanya Rivero about where the money went and if the government will be able to get it back.
Mnuchin defends federal pandemic response, urges more aid
A new report found thousands of small businesses loans under the Paycheck Protection Program were vulnerable to fraud or abuse.
Harleys and Lamborghinis: PPP fraud cases are piling up
Financial fraud experts said banks and the federal government haven't done enough background checking on applicants.
Chicago Fed chief: More coronavirus aid "incredibly important"
The president of the Federal Reserve Bank of Chicago said additional federal aid is needed to address the economic impact of the pandemic.
Also getting PPP loans: Businesses where sales have boomed
Millions in Paycheck Protection Program loans have flowed to industries that it turns out were boosted by COVID-19.
NY politician turns office into food pantry
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.
Man charged with using ill-gotten PPP funds in Vegas and on stocks
Feds say L.A. man fraudulently obtained some $9 million from the federal Paycheck Protection Program, used some in Vegas and some on stock market
For ex-cons, a new chance at Paycheck Protection loans
Business owners with prior criminal convictions are now landing emergency loans after previously being barred.
Reapplying for PPP loans
Sharon Richardson is an ex-convict who was denied a PPP loan in April. She tells the story of how her mentor encouraged her to reapply for funding after changes in eligibility requirements from the Small Business Administration.
After lobbying, Catholic Church won $1.4 billion in virus aid
The Catholic Church used an unprecedented exemption to amass at least $1.4 billion in taxpayer-backed aid.
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.
Politically-connected companies get PPP funds
Newly released data reveals new information about some of the companies that received millions of dollars in coronavirus bailout funds. The loans are part of the Paycheck Protection Program created to help small businesses cover payroll expenses during the pandemic. ProPublica senior reporter Jack Gillum joins CBSN's Elaine Quijano with the details.
Trump urges schools to reopen this fall
President Trump met with health officials, educators and students at the White House on Tuesday to urge schools reopen this fall amid the coronavirus pandemic. CBS News' Skyler Henry joins CBSN's Elaine Quijano to discuss the steps the nation's top health experts are saying schools need to consider.
Kanye West's Yeezy got millions in small business loans
Mogul's clothing brand best known for $250 sneakers received lift from the U.S. government's pandemic rescue fund.
Biden signs government funding bill, averting a shutdown
The stopgap measure will fund the government and provide tens of billions in disaster relief.
Death toll in attack at German Christmas market rises to 5; 200 injured
Police say the driver is under arrest after plowing into the crowd at a Christmas market in Magdeburg, Germany, killing at least five people - including a 9-year-old - and injuring 200 others.
House Ethics Committee expected to release Matt Gaetz report on Monday
The House Ethics Committee voted to release its report on the investigation into former Rep. Matt Gaetz on Dec. 5, according to multiple sources.
Rickey Henderson, MLB Hall of Famer, dies at 65
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
Mark Burnett, "The Apprentice" creator, tapped as special envoy to the U.K.
Mark Burnett helped produce hits like "Survivor" and "The Voice," but is perhaps best known for teaming up with President-elect Donald Trump for "The Apprentice," which first aired in 2004.
Blake Lively accuses "It Ends with Us" co-star of sexual harassment
The lawsuit lays out Blake Lively's allegations against Justin Baldoni during their time working on "It Ends with Us."
NYPD chief resigns amid sexual misconduct claims
NYPD Chief of Department Jeffrey Maddrey has resigned following allegations of sexual misconduct, the department says.
Party City files for bankruptcy, a day after announcing mass layoffs
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
Lara Trump won't pursue Rubio's Florida Senate seat, she says
Lara Trump, the daughter-in-law of President-elect Donald Trump, says she's removing herself from consideration for Marco Rubio's Senate seat.
U.S.
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Lara Trump won't pursue Rubio's Florida Senate seat, she says
Lara Trump, the daughter-in-law of President-elect Donald Trump, says she's removing herself from consideration for Marco Rubio's Senate seat.
Party City files for bankruptcy, a day after announcing mass layoffs
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
Rickey Henderson, MLB Hall of Famer, dies at 65
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
Mark Burnett, "The Apprentice" creator, tapped as special envoy to the U.K.
Mark Burnett helped produce hits like "Survivor" and "The Voice," but is perhaps best known for teaming up with President-elect Donald Trump for "The Apprentice," which first aired in 2004.
Blake Lively accuses "It Ends with Us" co-star of sexual harassment
The lawsuit lays out Blake Lively's allegations against Justin Baldoni during their time working on "It Ends with Us."
MoneyWatch
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Party City files for bankruptcy, a day after announcing mass layoffs
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
Senate approves bill to expand Social Security to millions of Americans
Senators approve a bill to expand Social Security benefits to millions of Americans, with President Biden expected to sign it into law.
How much more will it cost to heat your home this winter?
Here's what's driving up home heating costs, and how much families are expected to spend this winter.
IRS sending up to $1,400 to 1 million people. Here's who qualifies.
The IRS said it's sending out checks worth up to $1,400 to 1 million people. Here's what to know about the "special payments."
Feds sue Zelle, alleging nation's biggest banks failed to stop fraud
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
Politics
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Lara Trump won't pursue Rubio's Florida Senate seat, she says
Lara Trump, the daughter-in-law of President-elect Donald Trump, says she's removing herself from consideration for Marco Rubio's Senate seat.
Mark Burnett, "The Apprentice" creator, tapped as special envoy to the U.K.
Mark Burnett helped produce hits like "Survivor" and "The Voice," but is perhaps best known for teaming up with President-elect Donald Trump for "The Apprentice," which first aired in 2004.
Biden surpasses Trump with 235th federal judge confirmed
The Senate confirmed two more judges to the federal bench on Friday, giving President Biden a total of 235 since he took office.
Here's a fact check on Trump's recent comments about the history of U.S. tariffs
Historians say Trump falsely said he was the only president to collect revenue from tariffs on Chinese goods, among other claims.
Feds sue Zelle, alleging nation's biggest banks failed to stop fraud
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
HealthWatch
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HealthWatch
CDC releases concerning new flu numbers
Thirteen states reported "high" or "very high" levels of flu-like illness last week, according to the U.S. Centers for Disease Control and Prevention. That's double the number of states from the week before. Ali Bauman reports.
A teen's misdiagnosis led to medication, but surgery led to a cure
Isaac Klapper was 10 years old when he started having episodes of what doctors initially thought was a movement disorder.
Why fish, birds and other animals yawn too, according to an expert
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Stuffing stockings with skincare? Here's what kids should and shouldn't be using
Skin care is all the rage for teens and tweens these days, but be careful not to give products that could cause more harm than good.
He went in for a colonoscopy. The hospital charged $19,000 for two.
A Chicago man was stuck with a big medical bill after undergoing a colonoscopy that found no evidence of cancer. Here's why.
World
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Pope Francis tells Vatican staff to stop gossiping in Christmas speech
Pope Francis has told Vatican bureaucrats to stop speaking ill of one another, calling gossip "an evil that destroys social life."
At least 38 dead after crash between a passenger bus and a truck in Brazil
In 2024, more than 10,000 people died in traffic accidents in Brazil, according to the Ministry of Transportation.
Rocket from Yemen strikes Tel Aviv, injuring 16 people
Inside Gaza, mourners held funerals for 19 people, 12 of them children, killed in Israeli strikes.
What we know about suspect in Christmas market attack in Germany
The suspect, identified by local media as 50-year-old Taleb A., was arrested after plowing a black BMW into a Christmas market crowded with holiday shoppers in Magdeburg, Germany, killing at least five people and wounding more than 200 others.
10 dead after stampede at a Christmas charity event in Nigeria
The stampede occurred in the early morning at a church in Nigeria, prompting evacuations at the church.
Entertainment
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Blake Lively accuses "It Ends with Us" co-star of sexual harassment
The lawsuit lays out Blake Lively's allegations against Justin Baldoni during their time working on "It Ends with Us."
Young dancers take on lead roles in Christmas classic "The Nutcracker"
The New York City Ballet has been performing "The Nutcracker" for decades. Each year, young dancers make their mark on the ballet.
How Robert Eggers revives "Nosferatu"
Director Robert Eggers' highly-anticipated horror film "Nosferatu" will hit theaters on Christmas Day. The acclaimed director sat down with CBS Saturday Morning to talk about bringing the classic vampire tale to a new audience.
The man behind method acting
50 years ago, "The Godfather Part II" was playing in theaters nationwide. The film catapulted Lee Strasberg, whose namesake form of acting preparation was used by some of the film's leads, to stardom. Dozens of the entertainment industry's biggest stars have trained at his institute, learning the techniques of method acting. Michelle Miller went behind the scenes to learn more about "The Method Man."
The young dancers behind a holiday classic
The New York City Ballet's production of "The Nutcracker" began in 1954 and has remained one of the most enduring shows at Lincoln Center. Two young dancers taking the stage this year opened up about living their dream and keeping a holiday classic alive.
Technology
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Technology
Supreme Court agrees to hear case about TikTok ban
The Supreme Court said Wednesday it will hear an appeal from TikTok over a federal law that would ban the social media giant if it is not sold by its Chinese parent company. Jan Crawford has more.
Teen victim of deepfake porn urges Congress to pass "Take It Down Act"
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
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.
Supreme Court to decide on future of TikTok
The Supreme Court plans to hear arguments in January on a challenge to a new law that could lead to the popular social media app TikTok being banned in the U.S. The Biden administration and lawmakers say the Chinese government's ability to collect data from TikTok poses a significant national security risk, while the app and its Chinese parent company ByteDance argue that the law is unconstitutional. CBS News Supreme Court producer Catherine Cole has more.
FAA: Lithium battery fires on flights now occur nearly twice a week
FAA data shows that lithium battery fires on U.S. flights have risen 388% since 2015, now occurring nearly twice a week.
Science
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What to know about the winter solstice, 2024's shortest day
The 2024 winter solstice, the shortest day of the year, happens on Saturday, Dec. 21, and is marked with traditions and celebrations around the world.
Class-action lawsuit over plastic recycling
This week a group of plaintiffs in Missouri, Kansas, California and Florida filed a class-action lawsuit against dozens of companies and organizations, claiming they've falsely promoted how easy it is to recycle plastics. CBS News Los Angeles climatologist Marina Jurica has the details.
Why fish, birds and other animals yawn too, according to an expert
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Americans coexisted with 4-ton sloths for millennia, research shows
Early Americans may have spent millennia sharing prehistoric savannas and wetlands with enormous beasts, research shows.
EPA tackling pollution in at-risk communities
The Environmental Protection Agency under President Biden created a new Office of Environmental Justice that seeks to address pollution levels in disadvantaged and marginalized communities. However, there is concern that the incoming Trump administration could do away with the new department. David Schechter reports.
Crime
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Crime
CEO killing sparks concerns about extremism
Luigi Mangione, now held in a New York City lock-up, could face the death penalty if convicted of the shooting death of UnitedHealthcare CEO Brian Thompson. The killing is sparking new concerns about violent extremism bubbling across the country.
Dozens injured in Germany Christmas market attack
At least two people are dead and dozens more injured after a vehicle plowed into a crowd at a Christmas market in Magdeburg, Germany. Authorities say the driver of the car was arrested and that it appears to be a deliberate attack. Elaine Cobbe has details.
German Christmas market attack update
At least two people were killed and over 60 were injured after a car crashed into a Christmas market in eastern Germany. Authorities arrested a suspect, saying they believe he acted alone in the deliberate act. CBS News national security contributor Sam Vinograd has more details.
Toddler killed in German market attack, police say
At least two people, including a toddler, were killed, and at least 60 more hurt, after a car crashed into a Christmas market in Magdeburg, Germany, in what authorities said appeared to be a deliberate attack. German police said a Saudi man has been arrested, but a motive has not yet been determined. CBS News reporter Anna Noryskiewicz has more.
Details on suspect in crash at German market
More than 60 people were injured and at least two killed Friday after a driver rammed into a crowded Christmas market in Magdeburg, Germany. The driver is in custody and local government officials say they suspect the crash was deliberate. CBS News reporter Haley Ott has the latest details.
Space
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Discovery of "tipped over" black hole surprises NASA scientists
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
Why are the Boeing Starliner astronauts stuck in space?
Here's why NASA astronauts Suni Williams and Butch Wilmore are stuck, but not stranded, at the International Space Station after launching into space in June.
NASA delayes return date for astronauts
NASA has delayed the return date for Boeing's Starliner astronauts Butch Wilmore and Suni Williams. CBS News' Manuel Bojorquez reports on the decision to keep the two in space.
NASA leader weighs in on Elon Musk, SpaceX and plans for moon rocket
NASA Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
Boeing Starliner crew's return delayed again
Two astronauts who have been stuck in space since June will have to wait until at least the end of March to come home after NASA on Wednesday again pushed back their return date. Derrick Pitts, chief astronomer for the Franklin Institute, joined CBS News to discuss what's causing the delays.
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Texas couple investigates teen daughter's unusual death
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Summer music heats up 2024
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.
Latest CBS News Videos
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Latest CBS News Videos
Longtime CBS News soundman Phil Sparks dies at 61
Phil Sparks, a longtime CBS News soundman based in London, has died at the age of 61. He was known for his extraordinary work in countless war zones and assignments for "60 Minutes."
Holiday shopping and shipping are in full swing
The Christmas rush is on as retailers rejoice over what could be record holiday sales. Elise Preston reports.
CDC releases concerning new flu numbers
Thirteen states reported "high" or "very high" levels of flu-like illness last week, according to the U.S. Centers for Disease Control and Prevention. That's double the number of states from the week before. Ali Bauman reports.
Death toll rises in German Christmas market attack
Germany is in shock after the deadly car attack at a Christmas market in Magdeburg. A 9-year-old child is among at least five people who were killed in the attack. At least 200 more were injured, many critically. As details about the suspect emerged, the community gathered to honor the victims. Anna Noryskiewicz reports.
Bipartisan support for stopgap bill averts shutdown
After days of political theater and threats of financial doomsday, a shutdown has been averted. Erica Brown reports on the spending bill and what the tense negotiations could mean for President-elect Donald Trump's second term.