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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
By: Alana Watson | Ohio Valley ReSource
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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
By: Deirdre Walsh | NPR
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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
By: Susan Davis | Claudia Grisales | NPR
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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
By: Jim Zarroli | NPR
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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
By: Scott Horsley | NPR
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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
By: Brian Naylor | Kelsey Snell | NPR
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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
By: Kelsey Snell | NPR
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This time frame is longer than the estimate that Treasury Secretary Mnuchin gave when he negotiated the program for cash payments with congressional leaders.