Paycheck Protection Program

Paycheck Protection Program - Politics, Business, Civil, History - Posted: 6th May, 2020 - 9:35am

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USA - coronavirus small business loan program
Post Date: 22nd Apr, 2020 - 8:00am / Post ID: #

Paycheck Protection Program

Congress has reached a $484 billion deal to replenish halted coronavirus small business loan program, Senate leader Mitch McConnell says. Sen. Mitch McConnell, a Kentucky Republican, lauded the nearly half-trillion deal as a "Bipartisan agreement" to provide more funds to the Paycheck Protection Program. The program was halted last week after it ran out of money. Ref. USAToday.

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Post Date: 6th May, 2020 - 9:35am / Post ID: #

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Program Protection Paycheck

FBI arrests 2 men in the first fraud case involving the federal government's coronavirus small business loan program. The Department of Justice says the two men tried to receive hundreds of thousands of dollars from the program by claiming they had dozens of employees earning wages at four different business entities when, in fact, there were no employees working for any of the businesses. Ref. USAToday.

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