The House of Representatives on Wednesday approved a measure giving small businesses until Aug. 8 to apply for a federal loan initiative meant to help them stay afloat amid the coronavirus pandemic.
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Payroll numbers were surprisingly positive, but Wall Street reacted Wednesday with much less enthusiasm than it displayed after last month’s shocking jobs report.
Read moreA strip club is unlikely to prove that the Small Business Administration’s exclusion of adult-entertainment business from the Paycheck Protection Program of the CARES Act violates its right to equal protection, a federal court in New York ruled, denying the club’s motion for a preliminary injunction.
Read moreCorporations operating for-profit and providing health care to Alaskan Natives deserve a share of the $8 billion Congress set aside for tribal governments during the coronavirus pandemic, a federal judge in Washington ruled Friday.
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The federal government’s response to the coronavirus recession has helped prop up flailing companies and families, but it is also riddled with problems.
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Lufthansa shareholders approved an $11 billion rescue package Thursday that will see the German government take a 20% stake after management told them the airline was running out of money and faced years of reduced demand for air travel.
Read moreA federal judge Wednesday blocked Education Secretary Betsy DeVos’s attempt to withhold federal pandemic funds from students who did not qualify for financial aid.
Read moreA high-stakes tug-of-war over billions of dollars in Covid-19 emergency funds played out in federal court in Washington, D.C. Friday between Native American tribes from across the country and Alaska Native corporations.
Read moreThe Trump administration blamed Native American tribes for waiting until the eleventh hour to challenge the distribution metrics for Covid-19 relief funds in federal court on Thursday, as the government gears up to send billions of dollars out the door over the next week.
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Telling senators that the federal lending program for small businesses facing coronavirus-related financial difficulty has overcome an admittedly shaky rollout, Treasury Secretary Steve Mnuchin predicted Wednesday that the economy is poised to rebound with gusto.
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The Senate on Tuesday confirmed a White House lawyer as a watchdog to oversee a $500 billion bailout fund to support industries struggling amid the coronavirus pandemic.
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To bring a divided and battered continent together, the chief executive of the European Union on Wednesday laid out an ambitious $823 billion plan to help Europe recover from the coronavirus pandemic and move toward a greener and more technologically advanced future.
Read moreSecretary of Education Secretary Betsy DeVos is planning to funnel tens of millions of dollars of federal coronavirus aid to private schools, most of which have religious affiliations.
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Stock losses that started off minor only deepened Tuesday by the end of two-hour Senate hearing where Treasury Secretary Steven Mnuchin warned of at least another month of economic hardship.
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Treasury Secretary Steven Mnuchin was expected to come under tough questioning from senators Tuesday about a small business lending program included in the government’s $2 trillion relief package.
Read moreNew York City Mayor Bill de Blasio praised House Speaker Nancy Pelosi and her chamber Wednesday for what he characterized as a generous Covid-19 relief package that would provide sorely needed assistance to his hard-hit city.
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House Speaker Nancy Pelosi unveiled a more than $3 trillion coronavirus aid package, a sweeping effort with $1 trillion for states and cities, hazard pay for essential workers and a new round of cash payments to individuals.
Read moreUpping aid for Americans caught between a rock and a hard place during the Covid-19 pandemic, House Speaker Nancy Pelosi proposed new legislation Tuesday that would pump $3 trillion into the hamstrung economy.
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