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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.
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The owner of Rick's Cabaret got $5.4 million from the Paycheck Protection Program. Its stock soared 70% this year.
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.
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.
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.
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.
Owner of home-cleaning service said the funds allowed him to restructure his small business. Now it's more efficient.
As PPP business loans run out, economists see a second wave of layoffs. "It feels completely arbitrary," said one worker made jobless.
The president urged Senate Majority Leader Mitch McConnell to focus on confirming his nominee to the Supreme Court.
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.
CEO Jamie Dimon said in an internal memo that the bank has found evidence of illegal behavior.
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.
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.
A new report found thousands of small businesses loans under the Paycheck Protection Program were vulnerable to fraud or abuse.
Financial fraud experts said banks and the federal government haven't done enough background checking on applicants.
The president of the Federal Reserve Bank of Chicago said additional federal aid is needed to address the economic impact of the pandemic.
Millions in Paycheck Protection Program loans have flowed to industries that it turns out were boosted by COVID-19.
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.
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
Business owners with prior criminal convictions are now landing emergency loans after previously being barred.
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.
The Catholic Church used an unprecedented exemption to amass at least $1.4 billion in taxpayer-backed aid.
The names make up less than 15% of the nearly 5 million small businesses that received forgivable, low-interest loans.
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.
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.
Mogul's clothing brand best known for $250 sneakers received lift from the U.S. government's pandemic rescue fund.
Day 2 was firmly focused on projecting unity within the party, with former President Donald Trump looking on as his onetime rivals for the nomination lined up to support him.
President Biden is considering proposals to reform the Supreme Court, CBS News has learned.
The FBI is investigating whether the shooter was a politically motivated homegrown domestic violent extremist, and investigators are combing through his background.
U.S. intelligence recently detected an Iranian plot against former President Donald Trump, two U.S. officials tell CBS News.
Former U.N. Ambassador Nikki Haley and Florida Gov. Ron DeSantis endorsed former President Donald Trump at the Republican National Convention in Milwaukee.
Naomi Pomeroy, an award-winning chef who helped put Portland on the map as a culinary destination, was 49 years old.
Mayor Anne Hidalgo declare the Seine river "exquisite" after taking a long-promised dip to show its water is safe for the Paris Olympics.
Britain's King Charles III donned a ceremonial crown and robe to give a speech opening the U.K.'s first left-leaning parliament in 14 years.
The armorer on Alec Baldwin movie "Rust" filed to have her involuntary manslaughter conviction overturned, days after Baldwin's trial over a fatal on-set shooting collapsed due to withheld evidence.
Federal transportation officials say $5 billion will be devoted to replacing or improving aging bridges in 16 states.
Caitlyn Mai underwent cochlear implant surgery with her insurer's approval, expecting it would be covered in full. Then she started getting the bills.
Naomi Pomeroy, an award-winning chef who helped put Portland on the map as a culinary destination, was 49 years old.
The FBI is investigating whether the shooter was a politically motivated homegrown domestic violent extremist, and investigators are combing through his background.
Day 2 was firmly focused on projecting unity within the party, with former President Donald Trump looking on as his onetime rivals for the nomination lined up to support him.
Caitlyn Mai underwent cochlear implant surgery with her insurer's approval, expecting it would be covered in full. Then she started getting the bills.
Gambling ends and the doors close Wednesday at The Mirage, which changed the face of Las Vegas. It's slated to resurface in 2027 as the Hard Rock Las Vegas.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
Amazon's Prime Day, which generated $12.7 billion in sales in 2023, can also lead to more worker injuries, a Senate probe finds.
A larger stock of smaller homes could mean more budget-friendly options for buyers.
The FBI is investigating whether the shooter was a politically motivated homegrown domestic violent extremist, and investigators are combing through his background.
Day 2 was firmly focused on projecting unity within the party, with former President Donald Trump looking on as his onetime rivals for the nomination lined up to support him.
Thousands of officers from multiple jurisdictions are in Milwaukee providing additional security for the convention.
Former U.N. Ambassador Nikki Haley and Florida Gov. Ron DeSantis endorsed former President Donald Trump at the Republican National Convention in Milwaukee.
"Donald Trump has my strong endorsement," Nikki Haley said in her speech at the Republican National Convention on the second night of the RNC.
Caitlyn Mai underwent cochlear implant surgery with her insurer's approval, expecting it would be covered in full. Then she started getting the bills.
Amazon's Prime Day, which generated $12.7 billion in sales in 2023, can also lead to more worker injuries, a Senate probe finds.
A new rankings list from U.S. News & World Report aims to highlight the top ranked hospitals for different specialized care needs, from cancer to cardiology.
14 students from a Tokyo high school were rushed to a hospital after eating chips marketed as "so spicy that they might cause you pain."
Rite Aid, which has already closed hundreds of stores, is shutting more locations in Michigan and Ohio.
Britain's King Charles III donned a ceremonial crown and robe to give a speech opening the U.K.'s first left-leaning parliament in 14 years.
President Santiago Peña said the record discovery, code-named "Operation Sweetness," added to a string of "very sad episodes" in Paraguay.
Mayor Anne Hidalgo declare the Seine river "exquisite" after taking a long-promised dip to show its water is safe for the Paris Olympics.
Officials say traces of cyanide were found on 6 people found dead in a Bangkok hotel, with one suspected of murdering the others.
Two U.S. officials say U.S. Central Command has recommended the military permanently dismantle the pier run by the U.S. military to get aid into Gaza amidst the Israel-Hamas war.
The armorer on Alec Baldwin movie "Rust" filed to have her involuntary manslaughter conviction overturned, days after Baldwin's trial over a fatal on-set shooting collapsed due to withheld evidence.
Rain already falls on Venus, but it took more than 14 minutes for Missy Elliott's The Rain (Supa Dupa Fly)" to reach the planet.
After many people criticized Andress' rendition of the National Anthem online, comparing her with Fergie, the singer says she's going to rehab.
Season 26 of the CBS reality TV show "Big Brother" premieres on Wednesday. Sixteen new house guests will compete and strategize to evict one of their own each week to try and be the last person standing. The prize is $750,000. "Entertainment Tonight" host Nischelle Turner visited the house and even entered a one-day competition.
"90210" stars like Jennie Garth and Brian Austin Green paid tribute, and Alyssa Milano commented on her "complicated relationship" with Shannen Doherty.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
Apple users can now download an early version of a new iPhone operating system that will be officially released this fall.
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.
AT&T on Friday disclosed that hackers had accessed records of calls and texts of "nearly all" its cellular customers for a six-month period between May 1, 2022, and Oct. 31, 2022. Jo Ling Kent reports.
AT&T disclosed yet another major data breach on Friday. The company said a third party illegally downloaded call and text records for nearly all its 109 million customers with accounts between May and October 2022. CBS News senior business and technology correspondent Jo Ling Kent is following this story.
The melting of glaciers and polar ice sheets causes water to move closer to the equator, fattening the planet and slowing its rotation, according to a recent study.
Spade-toothed whales are the world's rarest, with no live sightings ever recorded. Until, perhaps, now. One may have washed up onto a New Zealand beach.
Symptoms among the new bird flu cases included "fever, chills, coughing and sore throat/runny nose," alongside pink eye and eye tearing, a CDC spokesperson confirmed Monday.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
The 2024 Atlantic hurricane season got off to a deadly start as Hurricane Beryl tore across the Caribbean, Mexico and eventually the U.S.
President Santiago Peña said the record discovery, code-named "Operation Sweetness," added to a string of "very sad episodes" in Paraguay.
The armorer on Alec Baldwin movie "Rust" filed to have her involuntary manslaughter conviction overturned, days after Baldwin's trial over a fatal on-set shooting collapsed due to withheld evidence.
Officials say traces of cyanide were found on 6 people found dead in a Bangkok hotel, with one suspected of murdering the others.
The alleged leader of a violent extremist group plotted to poison children and minorities in New York City, authorities said Tuesday.
Three snipers from local law enforcement were inside the building former President Trump's would-be assassin fired from, and one of them had spotted him outside on three separate occasions prior to the shooting. The sniper took a picture of the gunman nearly 30 minutes before the shooting, when he saw he had a rangefinder. Meg Oliver has more on the investigation.
Rain already falls on Venus, but it took more than 14 minutes for Missy Elliott's The Rain (Supa Dupa Fly)" to reach the planet.
It has been two years since NASA's James Webb telescope gave us a stunning first look at the depth of our universe. To commemorate the achievement, NASA has released new images showing two distant galaxies interacting with each other. Jane Rigby, astrophysicist and a senior project scientist for the Webb telescope at NASA, joins CBS News to discuss.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
SpaceX's Falcon 9 rocket suffered a catastrophic engine failure as it launched a batch of Starlink satellites into orbit Thursday night, the first time in nearly a decade the rocket has failed. CBS News space consultant Bill Harwood has more on that and the latest images from the James Webb Space Telescope.
The engine failure blamed for stranding 20 Starlink satellites in a low, non-survivable orbit was caused by a liquid oxygen leak.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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 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.
In 2020, Scott Pelley reported on the investigation into the downing of Malaysia Airlines Flight 17. The passenger jet was shot down over Ukraine in 2014, killing 298 people. In 2022, a Dutch court found two Russians and one Ukrainian guilty for the shootdown and murder of the passengers and crew.
Lara Trump, who is the co-chair of the Republican National Committee, and is married to former President Donald Trump's son Eric, spoke Tuesday night at the 2024 Republican National Convention. She said she had a "very different" speech planned, but rewrote it in the wake of the attempted assassination of her father-in-law. "Nothing prepares you for a moment like that," she said.
Sen. Marco Rubio of Florida, a top contender for former President Donald Trump's 2024 vice presidential pick, who ultimately wasn't selected, delivered an impassioned speech Tuesday night at the Republican National Convention, arguing for Trump's "America first" agenda. "It is time to put our country and our people first again," Rubio said.
Arkansas Gov. Sarah Huckabee Sanders took the stage on the second night of the Republican National Convention to talk about former President Donald Trump's character, recalling memories from her time as White House press secretary during his administration. She began her speech by addressing the attempted assassination of Trump, saying "not even an assassin's bullet could stop him," then taking a jab at President Biden's age.
The 2024 Republican National Convention is already making its fair share of headlines. CBS News chief political analyst John Dickerson takes a look back at the GOP conventions of elections past, and the defining moments spanning administrations.