1. Dow will recover after 730 point drop on Friday Dow futures pointed to a gain of more than 200 points in Monday’s opening, a rebound after the Dow Jones Industrial Average fell 730 points, or 2.8%, on Friday, knocking down the blue chips 3.3% last week . After initial …
Read More »Trump administration to give Congress full details on virus loans
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 …
Read More »Postal service fueled by increased use during pandemic: report
The United States Postal Service (USPS) experienced an increase in This year, e-commerce transactions that appear to have alleviated some of their financial problems, according to data the agency released to Congress obtained by The Washington Post. Package deliveries reportedly increased from 20 to 50 percent in April compared to …
Read More »SBA Dismissed Ethics Review for Agency Employees, Lawmakers in Emergency Loan Program
An unnoticed rule issued by the Small Business Administration earlier in the pandemic allows agency employees, legislators, and other federal officials to bypass an ethics review that aims to avoid conflicts of interest. The exemption pertained to $ 659 billion Payment Protection Program (PPP) loans, a congressionally approved lending facility …
Read More »For the Trump coffee chain, heralded as a payroll bailout model, anxious days after federal funds run out
President Donald Trump invited the owners and some staff members of a family-owned coffee chain that employs adults with disabilities to the White House in April to be announced as the best face of the Paycheck Protection Program, the federal bailout aimed at helping small businesses survive the dire economic …
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