More than 100 publicly traded companies have received coronavirus aid meant for small businesses, spurring the Trump administration to make an effort to potentially get some of the money back.
Read more:As scores of public companies get small-business aid, Trump vows to take back money if help was ‘inappropriate’ Operators of large restaurant and hotel chains were specifically given a green light to get Paycheck Protection Program loans in the $2.2 trillion aid package known as the CARES Act, which was signed into law by President Donald Trump last month after getting approved by the Republican-led Senate and Democratic-run House.
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As scores of public companies get small-business aid, Trump vows to take back money if help was ‘inappropriate’President Donald Trump addresses how a coronavirus aid program for small businesses has been helping big companies and Harvard University, which has a $40... My favourite line yesterday was him saying 'Well, I didn't get any'. And where is that in the legislation? The bill was a disaster and it will prove true. Publicly held companies should not get help until after the small businesses and people get adequate help. Let their investors feel the pain that the workers and small businesses feel. Many are employees of public companies and/or are also vendors/suppliers to them.
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S. Senate passes nearly $500 billion coronavirus bill aiding small businessThe U.S. Senate on Tuesday unanimously passed legislation providing nearly $500 billion in additional federal aid to help small businesses hurt by the coronavirus pandemic and to aid hospitals dealing with large numbers of seriously ill patients. well done That’s enough money to make one big business !!!
Source: Reuters - 🏆 2. / 97 Read more »