Home Loans White House wants release of unused small business loans

White House wants release of unused small business loans

Author

Date

Category

Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows on Sunday sent a letter to Congress calling for the release of unused Paycheck Protection Program funds amid ongoing talks on an additional round of COVID-19 stimulus.

Mnuchin and Meadows urged lawmakers to release the $134 billion in loans provided to small businesses to maintain operations and retain employees included in the $2 trillion CARES Act passed in March, while also criticizing Congress — particularly House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer — for their “all-or-nothing” approach to negotiating additional stimulus.

[Read More]

Linda Barbara

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vestibulum imperdiet massa at dignissim gravida. Vivamus vestibulum odio eget eros accumsan, ut dignissim sapien gravida. Vivamus eu sem vitae dui.

Recent posts

Madewell’s First-Ever Athleisure Collection Is Here

In this unprecedented era of mask-wearing, working from home and online happy hours, athleisure and activewear have become the unofficial uniform of quarantine. Jeans...

Should You Buy Stocks Before or After the Election?

The results of the U.S. presidential election could have resounding effects on fiscal policy, the economy, and other matters that could ultimately impact investors'...