Apr 29, 2020
Controversy abounds over the Paycheck Protection Program — $660 billion in coronavirus relief made available to small businesses through bank loans — over how the first round of money ran out in just 13 days and why some of it went to the L.A. Lakers and Shake Shack, both of which have since returned the […]
Apr 28, 2020
The U.S. government’s Paycheck Protection Program (PPP) for small business coronavirus relief loans reopened on Monday for round two with a fresh $310 billion in the chamber, after the first round ran through $349 billion in 13 days. The second round of PPP expressly...
Apr 28, 2020
The Small Business Administration’s Paycheck Protection Program (PPP), meant to provide emergency grants to businesses that agree to keep employees on their payrolls, reopened its lending activities Monday, but not without more technical glitches. The SBA’s portal,...
Apr 21, 2020
As Congress reached a deal on an interim stimulus bill, Rep. Alexandria Ocasio-Cortez (D-NY) has indicated she will not support the bill if the final text of the legislation is as has been reported. At a virtual press conference on Monday afternoon the congresswoman...
Apr 21, 2020
A deal to provide additional pandemic relief for small businesses, hospitals and others appears set to get through Capitol Hill in the coming days and then become law later this week. On Tuesday, Senate Minority Leader Chuck Schumer said in an interview that “we have...
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