The underlying strength of the economy will come into sharper focus Thursday morning, when the government reports the latest
Small businesses employ nearly half of America’s nongovernment workers, and the paycheck program preserved at least 1.4 million jobs through early June, a recent economic analysis concluded. More than five million companies received loans, averaging $102,000 each.
There was a frenzied rush when the program began in April: The fund’s
When Albert Paul Cruz opened a letter from the Education Department last month, he saw the words he’d been waiting for: “We approved your claim.” The government finally agreed that he’d been defrauded by ITT Technical Institute, the defunct for-profit chain where he’d racked up almost $60,000 in student loans
Roughly 200,000 claimants in Washington were flagged for identification fraud in mid-May, and in mid-June 50 members of the National Guard started to help process the remainder of those claims, which were recently resolved. But there are still 71,000 people who have filed since March and have not received benefits.
WASHINGTON — Bowing to political pressure, the Trump administration said on Friday evening that it would disclose borrower information for recipients of millions of small-business loans through the $660 billion Paycheck Protection Program.
The decision is a reversal for the administration, which had closely guarded the information and argued that