Congress adopted the $600 billion-plus Paycheck Protection Program (PPP) to help American small- to medium-sized businesses (SMBs) stay afloat by using forgiveness loans to keep their workers employed and cover certain overhead expenses while the economy was shut down. But while generally regarded as a sincere effort to bail out...
Mitch McConnell: Final COVID-19 Relief Bill Coming In A Month
Senate Majority Leader Mitch McConnell said Congress will decide whether to pass another COVID-19 relief package soon. “We’re taking a careful look at a fourth and final bill,” the Kentucky Republican said on Friday (May 29), CNBC reported. “You could anticipate the decision being made on whether to go forward...
Democrats Skeptical Of Second Round Of Stimulus Checks
House Democrats who had hoped to provide Americans with a second $1,200 stimulus check are facing opposition from members of their own party in the Senate, The Hill reported. Two weeks ago, the House narrowly adopted a $3 trillion measure that would provide a second wave of cash payments to...
IRS Wants To Make Sure You Don’t Throw Out Your Stimulus Card
The Internal Revenue Service (IRS) wants to make sure you don’t throw out your prepaid government stimulus debit card. Many people have done that, thinking the cards are junk mail and discarding them, according to MarketWatch. In a press release, the IRS states that the debit cards will arrive in...
House Eases Rules On PPP Loans
A measure that would make it easier for small businesses (SMBs) to get their hands on a forgivable federal loan has easily passed the House, The Wall Street Journal reported. The bi-partisan bill answers a request from entrepreneurs who asked lawmakers to reduce the amount of the Small Business Administration’s...