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How the Paycheck Protection Program went from good intentions to a huge free-for-all
WASHINGTON, D.C. (NPR) — When the Paycheck Protection Program launched during the pandemic shutdowns of spring 2020, it immediately became a chaotic free-for-all. Called PPP for short, the program offered… Read More
Ohio Valley Communities Wait For Guidance On COVID Funds
BOWLING GREEN, Ky. (OVR) — The American Rescue Plan Act signed into law by President Joe Biden on March 11 provided the nation with a $1.9 trillion economic stimulus, including… Read More
Biden Forges Ahead On Relief Bill Without GOP, But Signals Checks Could Be Targeted
The president told House Democrats he would not back down from providing $1,400 direct payments in the coronavirus aid package, but suggests checks could be targeted, a proposal Republicans pushed.
Bipartisan Group Of Lawmakers Offer $908 Billion Coronavirus Aid Compromise
A loosely assembled group of House and Senate lawmakers released a legislative framework they hope can break the months-long impasse between party leaders and the White House on pandemic relief.
Fate Of Pandemic Funds Sparks Unusual Dispute Between Treasury And Federal Reserve
The Fed is pushing back against a request from Treasury to wind down emergency lending programs set up in the wake of the coronavirus.
‘I’m Still Unemployed’: Millions In Dire Situation As Savings Start To Run Out
Many unemployed Americans have been tapping into their savings to pay bills. But those savings are going fast, and hopes for a new round of pandemic relief before the election are fading.
White House Eyes Piecemeal Pandemic Aid After Trump Ends Talks On Overall Package
But a top aide to Speaker Nancy Pelosi tweeted that she spoke to the treasury secretary Wednesday about a standalone measure to help airlines. A previous attempt to do this failed amid GOP opposition.
Stimulus Cash Payments May Take Up To 20 Weeks To Reach Some Americans
This time frame is longer than the estimate that Treasury Secretary Mnuchin gave when he negotiated the program for cash payments with congressional leaders.