Small business program scrutinized for loans to big firms
The PPP offered loans up to $10 million to companies with fewer than 500 employees. The most appealing aspect of the program: possible loan forgiveness if most of the money was spent on workers. But when the loans were first proposed, lawmakers described them as a rescue for small businesses and their employees. Treasury Secretary Steven Mnuchin soon said the government would audit loans above $2 million, though some experts have their doubts. Aliera Companies, a private equity firm specializing in healthcare, got a $5 million to $10 million loan.
Lily Aldridge on "Victoria's Secret Swim Special"
Supermodel Lily Aldridge has starred in advertising campaigns for brands like Carolina Herrera, Stuart Weitzman and Michael Kors. She's best known for being a Victoria's Secret Angel and spokesmodel. On Wednesday night, she gives viewers a look at the annual swimwear catalog in the "Victoria's Secret Swim Special" on CBS. Aldridge joins “CBS This Morning” to preview the upcoming show.cbsnews.com
Jacqueline Kennedy Onassis' letters to top designers up for auction
Jacqueline Kennedy Onassis' letters to top designers up for auction Over the decades, the iconic Jacqueline Kennedy Onassis wrote notes to some of her favorite designers, including Bill Hamilton who was then the design director for Carolina Herrera. She even drew sketches of items she wanted. Some of these letters will be auctioned this weekend in West Palm Beach, Florida. Vicente Arenas gives a preview of the letters, in a story you'll see only on "CBS This Morning."cbsnews.com