When the Trump administration began implementing a trillion-dollar program to rescue struggling employers amid the COVID-19 pandemic, a central concern was that the president would use the program to benefit his friends and allies. Turns out, Trump’s friends weren’t the ones who caught so much windfall, but the well-to-do and …
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Treasury Secretary Steven Mnuchin speaks as United States President Donald Trump and White House chief adviser Ivanka Trump listen during an East Room event highlighting Check Protection Program loans (PPP) for Small Businesses Negatively Affected by the Coronavirus Disease Outbreak (COVID-19), at the White House in Washington, USA, April 28, …
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Getty As we approach the weekend of July 4, the Check Protection Program Extension Act is on its way to President Trump’s desk for signature. This Act will extend the time that small businesses and freelancers have to submit a PPP loan application until August 8, 2020. However, while Congress …
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Jovita Carranza, head of the Small Business Administration, listens during a round table with governors and small business owners. Alex Wong / Getty Images The Paycheck Protection Program is ending, which means sick small businesses will have to look elsewhere for financing. But where to go? While there are other …
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WASHINGTON (AP) – After lobbying Democratic lawmakers, the Trump administration agreed to give Congress, but not the public, full data on the millions of small businesses that received loans from a coronavirus aid program of more than $ 600,000 millions. Senior administration officials told lawmakers they will provide full details …
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