At least a dozen lawmakers have ties to organizations that received federal coronavirus aid, according to newly released government data, showing how Washington insiders were both authors and beneficiaries of one of the biggest government programs in U.S. history.
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The Trump administration finally put out a partial list of small business borrowers Monday, revealing a wide spectrum of companies tapped stimulus funds.
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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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The second quarter of 2020 was one of the best quarters for Wall Street, despite concerns that the stimulus programs propping up the economy may expire next month.
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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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A federal watchdog reported Thursday that the Trump administration’s coronavirus response has suffered from a sweeping lack of transparency and missteps including sending over 1 million stimulus checks to dead Americans.
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While those participating in a federal loan program aimed at helping small businesses ride out the coronavirus pandemic generally praised the initiative to lawmakers Wednesday, they called on the government to take steps to make it run more smoothly.
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Former Vice President Joe Biden on Thursday proposed a massive expansion of federal government programs to safely restart the economy.
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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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Saying that the unarmed black man killed last week in Minneapolis would be proud, President Donald Trump raised eyebrows with off-the-cuff remarks as he touted Friday’s better-than-expected jobs numbers while formalizing changes to a loan program for small businesses
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The Senate on Wednesday passed a bill adding greater flexibility to a federal small business loan program aimed at helping businesses struggling amid the coronavirus pandemic.
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The House of Representatives approved changes Thursday that give the federal small business lending program greater flexibility to help pandemic-rattled businesses.
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Two days of massive gains ended with a thud as Wall Street finished Thursday barely above its morning starting point.
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The Michigan Court of Appeals on Thursday ordered a mid-state barber to shut down his shop, reversing a county judge who found the business was not a threat to public health despite reopening in defiance of the governor’s lockdown order.
Read moreA federal class action accuses Pacific Premier Bancorp of refusing to pay a 1% fee, required by the CARES Act, to agents who secured loans under the paycheck protection program.
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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.
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A Minnesota judge issued a restraining order Monday against a bar owner who promised to open his six locations this week in defiance of the governor’s order closing bars and restaurants across the state.
Read moreThe Washington Post, New York Times, et al., sued the U.S. Small Business Administration for records on “the private businesses that have recently received public assistance as part of the federal government’s efforts to address the economic fallout of the Covid-19 pandemic.
Read moreA Chicago “erotic dance club” sued the U.S. Small Business Administration in federal court for excluding it from the Paycheck Protection Program, which it calls an unconstitutional restriction on speech.
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The newly created House Select Subcommittee on the Coronavirus Crisis sent letters Friday demanding five large companies return money they received from a federal loan program meant to help small businesses stay afloat amid the coronavirus pandemic.
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