The Labor Department says 400,000 Americans filed first-time unemployment claims last week, down 24,000 from the previous week. And the Commerce Department reports the nation’s gross domestic product has reached pre-pandemic levels. Michelle Meyer, head U.S. economist for Bank of America Securities, joins CBSN to discuss the U.S. economic recovery. Source
Author Archives: Stonecom Interactive
Who is Suni Lee, USA’s gold-medal gymnast?
Lee’s dad John, who was paralyzed in 2019, has always been his daughter’s biggest supporter. Source
California’s electric-car goal comes with potential environmental risks
California is already home to the nation’s largest fleet of electric vehicles, and it’s signaled its intention to put more of those cars on the road with a goal to go all-electric by 2035. A Los Angeles Times series called “The United States of California” digs deeper into the potential environmental risks. National reporter Evan Halper joined CBSN to discuss. Source
FDA approves biosimilar insulin as sub for costly brand-name
The FDA agreed that Viatris Inc.’s Semglee was interchangeable with widely used Lantus, a fast-acting insulin. Source
WorldView: Report shows China may be expanding nuclear capabilities; Ecuador revokes Julian Assange’s citizenship
A new report by the Federation of American Scientists shows China may be building a second field of missile silos in its western deserts, signaling a potential expansion of its nuclear capabilities. Meanwhile, an Ecuadorian court revoked the citizenship of WikiLeaks founder Julian Assange. CBS News foreign correspondent Ian Lee joined “CBSN AM” from London to discuss those stories and more international headlines. Source
Senators chart next steps on infrastructure after clearing key hurdle
Senate Majority Leader Chuck Schumer said the Senate is on track to pass the bipartisan infrastructure bill and the $3.5 trillion budget resolution before leaving for the August recess. Source
Bipartisan lawmakers team up to help Minor League Baseball
Minor League Baseball has been battered by the COVID-19 pandemic and now a bipartisan group of lawmakers is stepping up to the plate to help. Kris Van Cleave has gone to some of the towns that are pulling for the home team to survive. Source
Hong Kong court set to sentence man under national security law
A Hong Kong court is getting ready to hand down a sentence for the first person tried under the city’s controversial national security law. Ramy Inocencio joined “CBSN AM” to talk about the case. Source
States that cut off jobless aid aren’t seeing a hiring boom
States that cut jobless aid early aren’t recovering jobs any faster than those that kept the benefit, a study finds. Source
White House economic adviser discusses bipartisan infrastructure deal and economic growth
President Biden is touting the bipartisan infrastructure deal being advanced by the Senate as an indicator America can “do big things.” Senators voted to begin debating the $1 trillion spending package after months of negotiations. Jared Bernstein, who is on the White House Council of Economic Advisers, joined CBSN to discuss what this means for Mr. Biden’s agenda and the country, and he also discussed the latest GDP report. Source