Copycat Websites, Newly Minted Companies, Double Dippers Cashed in on PPP Loans
Economy
Copycat Websites, Newly Minted Companies, Double Dippers Cashed in on PPP Loans

A suspicious online university whose curriculum appears to be cut and pasted from a European school, two companies with nearly identical websites and two others with practically no internet presence — all five of these businesses are connected to the... Read More

US Firms Add Fewer Jobs Than Forecast in August, ADP Data Show
Employment
US Firms Add Fewer Jobs Than Forecast in August, ADP Data Show

U.S. companies added fewer jobs than expected in August, suggesting the labor market rebound remains gradual, with employment well below pre-pandemic levels. Businesses’ payrolls increased by 428,000 after an upwardly revised 212,000 in July, according to ADP Research Institute data... Read More

Congress Demands Treasury Department Monitor Coronavirus Bailout Money Better
Congress
Congress Demands Treasury Department Monitor Coronavirus Bailout Money Better
2020-09-01 21:40:47
by Tom Ramstack

WASHINGTON -- Members of Congress directed tough questions at the U.S. Treasury secretary Tuesday about fraud and abuse in the Trump administration’s coronavirus relief program. They said billions of dollars intended to protect jobs and family homes were being diverted... Read More

Haunted Houses Vie for Payroll Protection, Enhanced Coronavirus Relief
Economy
Haunted Houses Vie for Payroll Protection, Enhanced Coronavirus Relief
2020-08-25 21:29:34
by Dan McCue

WASHINGTON - A coalition of haunted house operators and others who offer "seasonal" and "location-based" entertainment are pressing Congress to change the Paycheck Protection Program so their industry can take advantage of it. They are also asking that their industry... Read More

Senators Look to Break Deadlock With Small-Business Proposals
Business
Senators Look to Break Deadlock With Small-Business Proposals

WASHINGTON — Sens. Marco Rubio and Susan Collins have introduced legislation to extend a popular small-business relief program past its Aug. 8 expiration date as talks between Republicans and Democrats on a larger relief package appear deadlocked. Florida’s Rubio and... Read More

Feds Begin Prosecuting Fraudulent PPP Coronavirus Loans. Some Cases Will Be Hard to Win
Business
Feds Begin Prosecuting Fraudulent PPP Coronavirus Loans. Some Cases Will Be Hard to Win

WASHINGTON — One Los Angeles business owner allegedly went to Las Vegas and gambled away some of the $9 million he received in emergency government loans earmarked for his employees. A Texas man is accused of using his $1.5 million... Read More

House Clears Bill Extending Loan Program for Small Businesses to Aug. 8
Economy
House Clears Bill Extending Loan Program for Small Businesses to Aug. 8

WASHINGTON — A day after the Senate passed a last-minute extension of the Paycheck Protection Program loan application deadline, the House did the same Wednesday, clearing the bill for the president.  Somewhat unexpectedly, the Senate by unanimous consent passed a... Read More

GAO: Virus Relief Program Has Inadequate Safeguards; $1.4B in Relief Payments Sent to Dead People
In The News
GAO: Virus Relief Program Has Inadequate Safeguards; $1.4B in Relief Payments Sent to Dead People
2020-06-26 13:57:41
by Dan McCue

WASHINGTON - Confronted with an extraordinary public health crisis, the federal government moved with uncommon agility to bolster the economy and quickly establish services for those infected with the virus, the nonpartisan Government Accountability Office said Thursday. But in doing... Read More

House Overwhelmingly Endorses Greater Flexibility for Small Business Aid Program
Congress
House Overwhelmingly Endorses Greater Flexibility for Small Business Aid Program
2020-05-28 20:17:28
by Dan McCue

WASHINGTON - In an overwhelmingly bipartisan fashion, the House on Thursday passed legislation providing struggling small businesses with greater flexibility in using coronavirus relief loans. The bill, which amends the Paycheck Protection Program enacted in March, passed by a vote... Read More

House to Vote on Stand-Alone Small-Business Loan Program Fixes
Congress
House to Vote on Stand-Alone Small-Business Loan Program Fixes

WASHINGTON — The House will vote next week on legislation changing terms of the Paycheck Protection Program that have served as obstacles to some small businesses seeking relief under the forgivable loan program. “We saw a quick fix on how... Read More

Cunningham Convinces Wealthy Homeowners to Return $1 Million SBA Loan
Congress
Cunningham Convinces Wealthy Homeowners to Return $1 Million SBA Loan
2020-05-01 15:32:39
by Dan McCue

WASHINGTON - A wealthy homeowners association on exclusive Kiawah Island in South Carolina is returning a $1 million federal loan intended to help small businesses and nonprofits after being taken to task by Rep. Joe Cunningham, D-S.C. Cunningham, who is... Read More

Federal Reserve Expands Paycheck Protection Program to Add More Lenders
Economy
Federal Reserve Expands Paycheck Protection Program to Add More Lenders
2020-05-01 14:27:34
by Dan McCue

WASHINGTON - The Federal Reserve said Thursday it is expanding a program that helps the government provide stimulus loans to small businesses and is designed to keep workers on payrolls during the coronavirus pandemic. In a brief statement on its... Read More

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