WATCH: Fed’s Powell says new lending programs to launch by June 1
Treasury Secretary Steve Mnuchin and Federal Reserve Chair Jerome Powell will testify Tuesday at 10 a.m. before the Senate Banking, Housing and Urban Affairs Committee.
Small business loan program restarts, runs into snags
The second round of loan applications for the government's program to aid small businesses hit by the coronavirus has been slowed by computer issues at the Small Business Administration.
Government puts pressure on public companies to return loans
Although the intent of the program is to help small businesses hit by the coronavirus outbreak, some publicly traded companies did secure loans, setting off a backlash.
WATCH: Small businesses testify about COVID-19 response, recovery
Small business owners testify before the House of Representatives April 24 about the government’s response and recovery efforts to COVID-19.
Some small businesses that obtained a highly-coveted government loan say they won't be able to use it to bring all their laid-off workers back, even though that is exactly what the program was designed to do.
On Tuesday, the Senate renewed its effort to mitigate economic pain caused by the COVID-19 pandemic. Lawmakers approved a $483 billion relief package including money for hospitals, testing and small business lending -- especially targeted to business categories less successful…
An Associated Press investigation has found that a relief fund Congress created to protect small businesses amid the coronavirus crisis has helped companies with thousands of employees, past regulatory run-ins and risks of financial failure even before the economy got…
Money that was held up by technological and legal issues and the sheer volume of applications began arriving in companies' bank accounts at the end of last week. The Small Business Administration says more than 941,000 applications have been approved…
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