New estimates show more than $60 billion in fraudulent unemployment benefits were paid out during the pandemic, according to a government watchdog.
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House Back in DC to Vote on Short-Term Debt Limit Raise
Members of the House returned to Washington, DC, on Tuesday to vote on a short-term increase of the U.S. debt limit. The temporary measure will allow the federal government to pay its bills until December 3.

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Markets Rebound on Potential Covid-19 Pill from Merck
Futures rebounded this morning in reaction to positive news from Merck that its covid-19 treatment pill is 50 percent effective at preventing hospitalizations and death. It comes after a rocky month on Wall Street, which saw all the major averages post their worst months in over a year. Chris Vecchio, Senior Analyst, at DailyFX joined Wake Up with Cheddar for more.

Facebook Under Scrutiny from Lawmakers Over Attempts to Lure in Kids
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