Here are three of the biggest changes Mnuchin laid out on Wednesday in testimony before the Senate Small Business Committee.President Donald Trump and Treasury Secretary Steve Mnuchin.Mnuchin said the Trump administration didn't plan to release the identities of businesses that benefited from PPP.
Early on, the rollout of PPP triggered a firestorm of criticism when large public companies such as Shake Shack were found to be drawing funds from the program. Many, like Shake Shack, eventually returned the money. But Mnuchin confirmed to lawmakers that even small businesses borrowing from the government spending less than that on payrolls could still have loans partially forgiven — as long as 60% of the government loan was directed to keep workers employed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Satan couldn't have picked better could he?
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Net City, Tencent's 320-acre futuristic neighborhood in China - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Please don’t do this US should game up their infra they gotta stop aiding other countries and start aiding themselves. IMO
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside story of Brex layoffs after $150 million raise - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Treasury Secretary Mnuchin open to another round of stimulus checks - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Please just deposit it directly to our brokerage accounts this time How about opening the door to the first round? Mnuchin is the Markets’ fluffer before Powell steps in for the money shot.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How much it costs for small businesses to re-open safely - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »