You Searched For "paycheck protection program" and got 20 results
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2 mins read
The House is finally back — and it has 3 weeks to prevent a government shutdown and protect some Americans from losing paychecks, food benefits, and housing loans
New Speaker of the House Mike Johnson has an ambitious plan: get his own party to agree on funding …
Ayelet Sheffey
2 mins read
Just a third of the money from the government's massive Payroll Protection Program actually helped keep workers employed, study says
The program was "highly regressive," researchers said. Of the $510 billion in initial PPP loans, $3…
Ben Winck
4 mins read
Mother of 6 says San Antonio basic-income program allowed her to rent a home and buy shoes for her kids
Monique Gonzalez, 41, was able to secure housing for her six children with money from San Antonio's…
Allie Kelly
3 mins read
Tens of thousands of PPP loans at high risk for 'fraud, waste, and abuse,' House Democrats say
More than $1 billion in relief funds were made to firms receiving multiple loans, the group said. T…
Ben Winck
2 mins read
Biden mocks Republicans for accepting pandemic relief funds while opposing student loan forgiveness: 'My program is too expensive?'
"The hypocrisy is stunning," Biden said of the large support for pandemic relief for businesses as …
Brent D. Griffiths
3 mins read
5 ways Biden just tweaked the PPP to help the smallest businesses survive
Biden's changes to the PPP help businesses with less than 20 workers (or none at all) and those wit…
Ayelet Sheffey
2 mins read
Biden is changing PPP rules. For 2 weeks, only businesses with fewer than 20 employees can claim pandemic relief loans.
Biden's changes to the PPP loan rules are designed to ensure that smaller companies aren't left beh…
Kate Duffy,Reuters
2 mins read
Businesses at properties owned by the Trump Organization and Kushner Cos. benefited from over 25 PPP loans worth $3.65 million, a new report says
The Kushner Cos. general counsel said the NBC News analysis was "completely untrue and amounted to …
Oma Seddiq
2 mins read
More than half of the money from the Paycheck Protection Program went to just 5% of recipients
The federally funded program was meant to help small businesses keep paying employees, but new data…
Barbara Smith
1 min read
Joe Biden could wipe out $50,000 of student debt without Congress. Here are 3 other areas he can help the struggling US economy even with a GOP-controlled Senate.
U.S. President-elect Joe Biden speaks to the media after receiving a briefing from the transition C…
Joseph Zeballos-Roig
4 mins read
House Democrats pass their $2.2 trillion stimulus plan, which includes $600 federal unemployment benefits and direct payments
The coronavirus relief package is likely to be rejected in the GOP-controlled Senate, as many Repub…
Joseph Zeballos-Roig
1 min read
A Mississippi man is accused of spending PPP loan money on a $100,000 Tesla and a million-dollar house
Christopher Paul Lick received $6 million in PPP loans by lying to banks about his businesses' expe…
Kate Duffy
2 mins read
Businesses connected to Trump advisor Jared Kushner and his family received millions in paycheck protection loans
The White House advisor and Ivanka Trump's spouse is technically no longer affiliated with the firm…
Graham Rapier
2 mins read
Chuck Schumer wants an investigation into how Trump donor Monty Bennett became the largest recipient of PPP funds
Senate Democratic Leader Chuck Schumer asked the SBA to investigate hotelier Monty Bennett. Bennett…
Tom LoBianco
2 mins read
White-owned small businesses are twice as likely to get financing as Black- and Latino-owned firms, Fed survey finds
The survey conducted in fall 2020 also found Black-owned small firms five times as likely to be den…
Ayelet Sheffey
2 mins read
The US Government is refusing to say which businesses received over $500 billion in coronavirus bailout loans
Treasury Secretary Steven Mnuchin told lawmakers that the information was considered proprietary an…
Graham Rapier
2 mins read
Small businesses only accounted for 18% of pandemic-driven job losses, Goldman Sachs says
Active small businesses shrank by 25% in April but now stand just 6% below their pre-COVID level, a…
Ben Winck
2 mins read
Biden signs PPP small-business aid extension into law one day before it was set to expire
Small businesses can now apply for aid from the Paycheck Protection Program through May 31, and app…
Ayelet Sheffey
2 mins read
Senate votes to extend PPP through May, continuing aid for small businesses
Along with a two-month extension, the bill allows for applications to the small business aid progra…
Ayelet Sheffey
3 mins read
Failure to pass new small-business aid will fuel 'a wave of permanent closures,' CEOs warn in letter to Congress
Lawmakers need to extend loan availability, speed up funds' delivery, and make capital more easily …