Mnuchin backs extending PPP but targeting it at ‘smaller companies’ and restaurants, hotels, as he also talks up loan forgiveness

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U.S. Treasury Secretary Steven Mnuchin on Friday signaled the Trump administration was interested in giving new life to a coronavirus aid program for small businesses but making it more targeted. Among the targeted: restaurants and hotels.

Treasury Secretary Steven Mnuchin greets GOP Rep. Kevin Hern of Oklahoma after testifying Friday at a House Small Business Committee hearing. Getty Images U.S. Treasury Secretary Steven Mnuchin on Friday signaled the Trump administration was interested in giving new life to a coronavirus aid program for small businesses but making it more targeted, as he spoke at a House hearing about what may go in Washington’s next coronavirus aid package.

In addition, the Treasury secretary expressed some support for blanket forgiveness of smaller PPP loans, after one lawmaker asked about a proposal to forgive all such loans under $150,000. The Democratic-run House and Republican-run Senate are on break and largely away from Washington, D.C., but lawmakers are set to return Monday and ramp up their negotiations with the Trump administration over what will go in the federal government’s next big coronavirus relief package, which is now expected to become reality around early August.

 

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Restaurants and hotels are not essential businesses. Bailing out Trump hotels?

Evictions incoming.....banking sector is the next collateral damage

Hotels you say?!

Get this world back in working order and kick the shit out of the threats

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