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4 mins read

Airport, farm, and fast-food workers rally for better heat protections

Airport workers in Phoenix and farm workers in California said access to water and shade or AC is l…

Catherine Boudreau   


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2 mins read

Just a third of the money from the government's massive Payroll Protection Program actually helped keep workers employed, study says

The program was "highly regressive," researchers said. Of the $510 billion in initial PPP loans, $3…

Ben Winck   


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3 mins read

Tens of thousands of PPP loans at high risk for 'fraud, waste, and abuse,' House Democrats say

More than $1 billion in relief funds were made to firms receiving multiple loans, the group said. T…

Ben Winck   


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3 mins read

5 ways Biden just tweaked the PPP to help the smallest businesses survive

Biden's changes to the PPP help businesses with less than 20 workers (or none at all) and those wit…

Ayelet Sheffey   


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2 mins read

Biden is changing PPP rules. For 2 weeks, only businesses with fewer than 20 employees can claim pandemic relief loans.

Biden's changes to the PPP loan rules are designed to ensure that smaller companies aren't left beh…

Kate Duffy,Reuters   


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Ayelet Sheffey   


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Businesses at properties owned by the Trump Organization and Kushner Cos. benefited from over 25 PPP loans worth $3.65 million, a new report says

The Kushner Cos. general counsel said the NBC News analysis was "completely untrue and amounted to …

Oma Seddiq   


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2 mins read

More than half of the money from the Paycheck Protection Program went to just 5% of recipients

The federally funded program was meant to help small businesses keep paying employees, but new data…

Barbara Smith   


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1 min read

Joseph Zeballos-Roig   


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4 mins read

House Democrats pass their $2.2 trillion stimulus plan, which includes $600 federal unemployment benefits and direct payments

The coronavirus relief package is likely to be rejected in the GOP-controlled Senate, as many Repub…

Joseph Zeballos-Roig   


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2 mins read

Businesses connected to Trump advisor Jared Kushner and his family received millions in paycheck protection loans

The White House advisor and Ivanka Trump's spouse is technically no longer affiliated with the firm…

Graham Rapier   


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2 mins read

Chuck Schumer wants an investigation into how Trump donor Monty Bennett became the largest recipient of PPP funds

Senate Democratic Leader Chuck Schumer asked the SBA to investigate hotelier Monty Bennett. Bennett…

Tom LoBianco   


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1 min read

A Mississippi man is accused of spending PPP loan money on a $100,000 Tesla and a million-dollar house

Christopher Paul Lick received $6 million in PPP loans by lying to banks about his businesses' expe…

Kate Duffy   


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2 mins read

The US Government is refusing to say which businesses received over $500 billion in coronavirus bailout loans

Treasury Secretary Steven Mnuchin told lawmakers that the information was considered proprietary an…

Graham Rapier   


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2 mins read

Small businesses only accounted for 18% of pandemic-driven job losses, Goldman Sachs says

Active small businesses shrank by 25% in April but now stand just 6% below their pre-COVID level, a…

Ben Winck   


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2 mins read

Biden mocks Republicans for accepting pandemic relief funds while opposing student loan forgiveness: 'My program is too expensive?'

"The hypocrisy is stunning," Biden said of the large support for pandemic relief for businesses as …

Brent D. Griffiths   


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2 mins read

White-owned small businesses are twice as likely to get financing as Black- and Latino-owned firms, Fed survey finds

The survey conducted in fall 2020 also found Black-owned small firms five times as likely to be den…

Ayelet Sheffey   


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3 mins read

Failure to pass new small-business aid will fuel 'a wave of permanent closures,' CEOs warn in letter to Congress

Lawmakers need to extend loan availability, speed up funds' delivery, and make capital more easily …

Ben Winck   


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2 mins read

Graham Rapier   


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The Paycheck Protection Program saved up to 3.2 million jobs during the coronavirus pandemic, study says

Forgivable loans made through the program also lifted employment at eligible small businesses by 2%…

Ben Winck