The program was created as part of the original $3 trillion package of economic pandemic relief measures that passed Congress in March. The forgivable loans, doled out by the Small Business Administration, are meant to help small businesses keep employees on the payroll despite lockdowns and a general downturn in business as a result of the coronavirus.
There was a scramble to claim the first round, amounting to $349 billion, which was exhausted in justOn Tuesday, Treasury Secretary Steven Mnuchin suggested the remaining $140 billion in loans under the program could be repurposed to aid restaurants, hotels and other industries hit hardest by the pandemic.
The extension passed by Congress is aimed at keeping the spigot open while lawmakers mull reworking the program.
UNEMPLOYMENT 600 EXTENSION NEEDS TO BE PASSED THIS WEEK PLEASE HELP. FOCUS ON THE PEOPLE NOT THE ROADS. ITS JUST MAKING US ANGRY. HAS TO BE DONE.
I wonder how much of this is actually going to go to real small businesses and not big corporations. And still....nothing for the average American
This is just inhumane
But when is Congress going to pass a bill helping THE PEOPLE!! Our taxes pay your salaries and fund your bills!
Middle/working class HAVE BILLS AS WELL! $1200 was not sufficient & Dems know better. U showing ur ASS! Don’t make it hard to vote for you. Rent, mortgage, med bills are REAL THINGS 4 working families in this country. SpeakerPelosi HouseDemocrats SenateDems CNN MSNBC
But individuals. Kicked to the curb.
Track the money or it will end up in Russia from TraitorTrump
Government is OPEN for handouts!
Let's stop bailing out places like the airlines and the cruise industry.
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Source: BusinessInsider - 🏆 729. / 51 Read more »