CBS Weekend News, November 15, 2020
SpaceX sends first team of astronauts to space; National Museum of the United States Army opens in Virginia
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SpaceX sends first team of astronauts to space; National Museum of the United States Army opens in Virginia
In his last press conference as Federal Reserve chairman, Ben Bernanke said the Fed will continue to stimulate the economy, but will cut bond purchases by $10 billion in January; and, Snowball Express, named for an old Disney movie, brings a weekend of fun to kids who have lost a parent to war. The non-profit organization gives children -- and parents -- an opportunity to spend time with people who understand what they've gone through.
President Biden signed a sweeping bipartisan infrastructure bill into law. It's the largest investment in America's roads, bridges, ports, and broadband internet in decades. Nancy Cordes has the details.
The central bank said it will start reducing its $120 billion in monthly bond purchases in the coming weeks.
As questions abound in Washington about the president's executive actions signed this weekend, Major Garrett explains the impact they could have on millions of Americans financially struggling during the coronavirus pandemic. He also weighs in on questions over their constitutionality and whether the orders could force Congress to compromise on a stimulus bill.
The latest from around Capitol Hill; Dr. Fauci to throw out first pitch on Opening Day
Although nearly 1.7 million PPP loans have been approved so far, a survey found that 80% of small businesses are either still waiting to receive their money or have not heard about their application at all. Four major banks are facing lawsuits alleging they prioritize bigger customers, which are now receiving backlash themselves for receiving stimulus money while smaller, independent businesses did not make the cut. Nancy Cordes hears from small business owners who are struggling with the loan program.
The fate of two massive spending bills remains uncertain as disagreements within the Democratic Party could threaten to upend President Biden's economic agenda. All this comes as a deadline to fund the federal government is fast approaching. Natalie Brand reports.
President Biden’s domestic agenda faces challenges as progressive House Democrats demand a larger bill dedicated to Democratic priorities before signing off on a bipartisans infrastructure bill. Senate Republicans and moderate Democrats meanwhile, are challenging the larger bill. Christina Ruffini has more.
Congress is running out of time to reach a deal on spending to avoid a government shutdown. Democrats and Republicans are also in disagreement over whether to raise the debt ceiling. Nikole Killion has the details.
Wall Street had its worst day since May amid fears that a Chinese real estate company could default, and that the Federal Reserve could begin ending stimulus measures it enacted during the pandemic.
More than 400 economists say that making the expanded federal benefit permanent would benefit families.
More than 25 million Americans are in line to receive state-issued payments via tax rebates and stimulus aid.
Several federal pandemic relief programs are set to expire soon, including the nationwide ban on evictions, which will end July 31. Joe Minarik, is the director of research for the Committee for Economic Development, joined CBSN's Lana Zak to discuss.
Another 2.2 million payments are landing in bank accounts and mailboxes, with some people getting "plus-up" payments.
IRS sending payments of up to $300 per child as part of the government's efforts to "supersize" stimulus aid.
Some people may qualify for more stimulus cash than they realize, while other programs can offer surprise benefits.
The tax agency faced a "challenging" year, leading to a growing backlog of tax returns, the taxpayer advocate says.
The expanded tax credit isn't available to all parents, and some recipients may be asked to repay the IRS next year.
The GOP-led states say the benefits aren't needed. But some out-of-work people say they are still struggling.
The IRS has started sending letters to households who may qualify for monthly payments of up to $300 per child.
Revoking a controversial business tax break would free up $5 billion for child care, according to the bipartisan effort.
IRS said it delivered some 165 million payments worth about $388B, with an additional 1 million arriving this week.
Just $8 billion remains in the program, earmarked for companies headed by women or minorities.
The Treasury secretary's remarks come as the president is pushing two proposals totaling $4 trillion.
About 30 U.S. service members remained hospitalized Tuesday after an Iranian drone strike in Kuwait.
Trump says he'll end the war soon, when he wants to, as Iran hits 3 ships near the Strait of Hormuz and warns U.S.-linked banks will be next.
NYPD Chief Aaron Edwards hopped a metal barrier to chase down a suspect accused of throwing IEDs during clashing protests outside Gracie Mansion.
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
Richard Kahn was one of Epstein's closest associates in his final years, managing his finances and investments.
The Supreme Court ruled in February that the president lacks the authority to impose unilateral tariffs using an emergency powers law.
The men were Norwegian citizens of Iraqi origin who were not previously known to police, police prosecutor Christian Hatlo said.
"I think, overall, what's accomplished is remarkable," Sen. John Fetterman told CBS News chief White House correspondent Major Garrett in an interview Wednesday.
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
NYPD Chief Aaron Edwards hopped a metal barrier to chase down a suspect accused of throwing IEDs during clashing protests outside Gracie Mansion.
"The president is constantly critical on mail-in voting, and that's ridiculous," Democratic Sen. John Fetterman said Wednesday.
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
FBI memo warning that Iran may try to launch drones at California in a seaborne "surprise attack" raised concern Wednesday — but officials tell CBS News there is no known, specific threat underpinning it.
The Supreme Court ruled in February that the president lacks the authority to impose unilateral tariffs using an emergency powers law.
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
A 2024 government lawsuit accused Invitation Homes of deceiving renters about lease costs, charging undisclosed junk fees and other unlawful practices.
Elon Musk said his long-planned payments platform, dubbed XMoney, is set to launch for select users. Here's what to know.
Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million.
The emergency oil release — the largest in the multinational organization's history — could help ease oil prices in the short term, according to analysts.
"The president is constantly critical on mail-in voting, and that's ridiculous," Democratic Sen. John Fetterman said Wednesday.
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
FBI memo warning that Iran may try to launch drones at California in a seaborne "surprise attack" raised concern Wednesday — but officials tell CBS News there is no known, specific threat underpinning it.
The Supreme Court ruled in February that the president lacks the authority to impose unilateral tariffs using an emergency powers law.
"I think, overall, what's accomplished is remarkable," Sen. John Fetterman told CBS News chief White House correspondent Major Garrett in an interview Wednesday.
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
Dentists, hygienists, and researchers say a shortage of rural dental care professionals and worsening oral hygiene since the COVID-19 pandemic mean more kids are ending up in the emergency room for tooth decay.
The zipper head on the recalled HALO Magic Sleepsuits poses a danger to babies, according to the U.S. Consumer Product Safety Commission.
The men were Norwegian citizens of Iraqi origin who were not previously known to police, police prosecutor Christian Hatlo said.
The discovery caused officials to evacuate 18,000 people on Wednesday, the largest such operation ever in the city, emergency services said.
About 30 U.S. service members remained hospitalized Tuesday after an Iranian drone strike in Kuwait.
The emergency oil release — the largest in the multinational organization's history — could help ease oil prices in the short term, according to analysts.
President Trump says he'll end the war soon, when he wants to, as Iran hits three ships near the Strait of Hormuz and warns U.S.-linked banks will be next.
Oscar-nominated "Sinners" cinematographer Autumn Durald Arkapaw watches scenes from the film with Anthony Mason and breaks down how some of its most memorable moments were created. She also shares how her collaboration with director Ryan Coogler helped define the film's look.
Pop culture icon Flava Flav stopped by "CBS Mornings" to discuss his plans to celebrate women Olympic and Paralympic medalists from the 2026 Winter Games.
Kurt Russell, who stars in "The Madison," spoke to "CBS Mornings" about the series, explaining the script "was so familiar" and that he related to it. Russell praised creator Taylor Sheridan, who was also behind the popular series "Yellowstone," and discussed what it was like to work with Michelle Pfeiffer again decades later.
Watch scenes from the performances nominated for best actor at the 98th annual Academy Awards, as well as interviews with the nominees.
American tap dancer Michelle Dorrance talks to CBS News chief medical correspondent Jon LaPook about Brenda Bufalino's impact and preserving the 88-year-old's artistry for future generations in a project at the New York Public Library for the Performing Arts.
An explosion in artificial intelligence data centers and cloud computing is shrinking the supply of memory chips, which is having a major impact on the price consumers pay for everyday tech. CNET editor-in-chief David Katzmaier joins CBS News to discuss.
Elon Musk said his long-planned payments platform, dubbed XMoney, is set to launch for select users. Here's what to know.
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.
AI-generated artist Tilly Norwood and the company behind her released a new music video speaking directly to her critics. As AI evolves, Hollywood faces questions over legal protections, copyright infringement and human labor. Jo Ling Kent reports.
CBS News exclusively obtained a Pentagon memo from earlier this month that went out to several senior defense leaders and commanders. It ordered the removal of Anthropic's AI technology from key national systems. Jo Ling Kent reports.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
NYPD Chief Aaron Edwards hopped a metal barrier to chase down a suspect accused of throwing IEDs during clashing protests outside Gracie Mansion.
Officials are downplaying the risk of Iranian drone attacks against California after an FBI memo said the regime "allegedly aspired" to target the Golden State. CBS News homeland security correspondent Nicole Sganga reports. Then, former FBI Special Agent Jeff Harp joins with analysis.
A picture of an NYPD chief responding to the terror incident outside Mayor Zohran Mamdani's residence last week has gone viral. CBS News' Anna Schecter has more about what happened that day.
The family of a Georgia student charged in what investigators describe as a prank gone horribly wrong says they are grieving the tremendous loss to the community. CBS News correspondent Elaine Quijano has the latest.
Police in Washington, D.C., arrested a man after he crashed a car into a barricade near the White House on Wednesday morning. CBS News homeland security correspondent Nicole Sganga reports.
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
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.
Sen. John Fetterman of Pennsylvania opened up about his battle with depression and credited his three children for saving him from his suicidal thoughts. "What broke me out of it was my own kids, and everyone needs that kind of an emergency brake," Fetterman told Major Garrett on "The Takeout."
An FBI memo warning that Iran may try to launch drones at California in a seaborne "surprise attack" is raising concerns, but how serious is the threat? Nicole Sganga explains.
Trump says there's "practically nothing left" to target on Day 12 of war in Iran; legislative blockade threatened over SAVE Act.
Two years after a Dallas family's dog disappeared, she was found 1,300 miles away in New Jersey. Tony Dokoupil has the story of how made her way back home.
Chief Aaron Edwards and Sgt. Luis Navarro of the NYPD are being hailed as heroes for the response to an attempted bomb attack during protests outside the New York City mayor's residence. Jericka Duncan talked with the officers about what was going through their minds as they sprang into action.