US Reps blast five large companies for taking PPP coronavirus funding - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

US lawmakers blast five large corporations for taking $50 million meant for small businesses. Only one is returning the money.

. Business Insider has reached out to the other four companies that received letters — and received a $10 million loan — and will update this post if comment is received.

If the companies addressed by the committee opt to not return the money by May 11, lawmakers want to see "all documents and communications" between them and the Small Business Administration in order to prove their need for the funds and appropriate usage. "Congress did not intend for these funds to be used by large corporations that have a substantial investor base and access to capital markets," the lawmakers' said.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 729. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Corporate Tapeworms..

They should give the money back! We should have separate departments within the USTreasury so companies of all sizes can be helped.

Don't hate the player hate the game. Congress set the rules.

Greedy big business stealing from small businesses, what else is new? Big business doesn't even pay taxes, Catholic churches got money, they don't pay taxes. Republican money give away.

Who has released the money to them? Maybe, need an investigation from India? We can find it in hours.

Whatever BLAST means. It looks like a well REHEARSED DRAMA. How else could these companies buy back their shares to please the BLASTERS?

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

How much US home prices will drop over the next year - Business InsiderAccording to BofA, lower home prices will result from lower household incomes, with the typical income 2% lower than forecast before the pandemic. Prices are going up... supply is way down
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

How the coronavirus could kill the US bail bond businessCrimes and arrests are down nationwide during the pandemic as people obey stay-at-home orders and police departments reduce operations. This has led many bail bond companies to lay off entire staff. This is making everyone less safe. Many released in NY are committing crimes as soon as released. Coronavirus isn’t, governments incompetent and political response to coronavirus is killing everything. This will mark the beginning of the end of the US empire. With a rampant gun culture & associated crimes... only in US , bail bonds is a business 🤷🏽‍♂️🤷🏽‍♂️🤷🏽‍♂️ Every other country in world will be like “WTF is a bail bond business”...🤦🏼‍♂️
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

U.S. small business rescue program ignored Congress: watchdogThe U.S. government's $660 billion program to rescue small businesses hit by the coronavirus pandemic thwarts the intention of Congress by making it hard for some borrowers to convert loans to grants and failing to prioritize the right businesses, a government watchdog said on Friday. Visit link's like pages ♥ Pauline Hansen 👇 siraje ( 6 ) 👉( 5 ) ( 4 ) ( 3 ) ( 2 ) Sometimes I think every business but small businesses got some money. Another Trump scam to add $$$$ to big business at our expense.
Fonte: Reuters - 🏆 2. / 97 Consulte Mais informação »

7 safety differences between US and overseas airlines - Business InsiderWhat may be permissible on a US airline may not be the case for one overseas as each country and airline decides its own rules for air travel.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

Leaked email: Elon Musk says Tesla will resume production at US plant - Business InsiderTesla's Fremont, California ,car factory stopped making vehicles on March 23 following a local shelter-in-place order issued because of the pandemic. $TSLA tra la la la One could of just watched the joe rogan podcast for this info
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

Restaurant owner opinion: CARES Act sets us up to fail - Business InsiderI'm a restaurant owner who will probably return my government-relief loan because it’s essentially useless. Here's why and what needs to happen instead to save my business and the industry. Will be good, if banks give collateral free loans at this time soon after lockdown lifted
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »