Senate Democrats led by Minority Leader Chuck Schumer are pressing the Trump administration to stop targeting Planned Parenthood affiliates that got emergency small business loans designed to keep workers employed during the pandemic. Forty-one members of the Senate Democratic Caucus sent a warning to the Treasury Department and Small Business Administration after it was revealed…
Congress rushed to get hundreds of billions of dollars out the door to help small businesses amid a collapsing economy. Now lawmakers are preparing to fix the glitches in the next round. Banks have agreed to lend out more than $500 billion of the $670 billion allocated in the first phases of the small business…
The Supreme Court on Monday ruled the federal government owes health insurers massive payments from an Obamacare program shielding them from financial risks after the companies accused Washington of reneging on its funding promises. The 8-1 decision could open the floodgates for federal cash to the insurance industry. Insurers who accused the government of a…
Shake Shack plans to return a $10 million loan it received under an emergency small business rescue program, amid a growing backlash against big businesses that got the money before $350 billion in funding lapsed last week. The burger chain was just one of several large restaurant operators and publicly traded companies that secured tens…
Banks are beginning to open the spigot of the $350 billion small business rescue package that has suffered constant operational breakdowns since its hurried launch by the Trump administration on April 3, increasing the sense of urgency for Congress to replenish funding in the coming days. JPMorgan Chase on Tuesday was the first of the…