Congress has reached a deal on a fourth coronavirus relief package, this one aimed at sending additional help to small businesses and hospitals struggling amid closures as well as expanding support for testing.
The deal has support from President Donald Trump, who urged lawmakers to pass it quickly. The Senate is set to convene Tuesday afternoon for a vote.
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Schumer says he believes Senate will pass small business bill Tuesday, with 'agreement on just about every issue'Schumer said he spoke 'well past midnight' with House Speaker Nancy Pelosi, White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin, and that they 'came to an agreement on just about every issue.' finally! Sure as hell hope SenSchumer, SpeakerPelosi, HouseDemocrats and SenateDems have all the bases covered on this next PPP funding. Now that everyone knows there's cronyism going on D's will pay as heavy a price ad R's if oversight is not strong.
Source: CNBC - 🏆 12. / 72 Read more »
Publicly traded firms get $300 million in small-business rescue loansA relief fund for small businesses amid the coronavirus crisis has wound up helping companies with thousands of employees and past regulatory run-ins. “If it’s called “looting” when poor people steal groceries during a disaster, what’s it called when the Senate tries to smash and grab billions for corporate executives during a pandemic” ~Erin Ryan morninggloria Answer: Mitching GOPCorruption This underscores either Mnuchin's incompetence rolling out the plan or his corruption in planning the distribution of funds. A review of how many were Goldman Sachs clients should be in order. How could anyone approve the bulk of funds going to so few. Recoveries must be demanded See the ancs picture
Source: latimes - 🏆 11. / 82 Read more »
Congress expected to announce deal on latest coronvirus relief, small business loansSenate Minority Leader Schumer says lawmakers have reached a deal with the White House on a nearly $500B interim coronavirus bill that includes additional funds for the small business loan program as well as more money for hospitals and testing. Save most of it for Georgia, I give them 3 weeks to abandon their new life. 🍑🍑🍑🍑🍑 Anything for people? Like Canada... possible expansion of the snap program?
Source: MSNBC - 🏆 469. / 51 Read more »
Here are the largest public companies taking payroll loans meant for small businessesThose that have received Paycheck Protection relief designed for small business include publicly traded firms with thousands of employees. I read the whole article and didn't see a list. Stop protecting them and let's see the list. Greedy and just wrong CNBC It's a shame Democrats let that money run out and voted no on the bill to refund it. But, Democrats are Democrats. You get what you pay for it.
Source: CNBC - 🏆 12. / 72 Read more »