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Relief Aid Stalls With Small Businesses Returning Loans Unused

The $669 billion coronavirus relief loan program to keep 30 million U.S. small businesses afloat during the crippling pandemic has abruptly slowed. Created at the end of March as a stopgap to keep workers employed for eight weeks during a self-induced coma of the economy, the program known as PPP is about to outlive its own purpose.

HILL TAX BRIEFING: Small Business Loans Under SEC Scrutiny

Read more: The White House isn’t planning to release its economic forecast. Restrictions on aid funds are creating debate at the state level. House Democrats raised concerns about Treasury’s pre-loaded debit cards for virus relief payments.

Pelosi on Next Relief Bill, GOP Tax Proposals, Stimulus Oversight

May 07 -- House Speaker Nancy Pelosi, a Democrat from California, discusses plans for the next stimulus bill, disagreements with President Donald Trump and Republicans on payroll and capital gains taxes, and the need for urgency in providing another round of aid to Americans. She speaks with Bloomberg’s David Westin on “Balance of Power.”

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