CNBC Marvels at How Quickly the Paycheck Protection Program Got Rolling

CNBC Marvels at How Quickly the Paycheck Protection Program Got Rolling
Steve Mnuchin by U.S. Department of State is licensed under Wikimedia Commons Public Domain

As you read earlier, the Trump administration announced the launch of the Paycheck Protection Program on Friday. It is a $350 billion program under the recently enacted CARES Act created to provide eight weeks of assistance to small businesses. That is, businesses with less than 500 employees. Those loans will be forgiven if those businesses use the money to pay for rent, utilities, payroll, or the rehiring of employees.

And word spread quickly.
As you read earlier, the Trump administration announced the launch of the Paycheck Protection Program on Friday. It is a $350 billion program under the recently enacted CARES Act created to provide eight weeks of assistance to small businesses. That is, businesses with less than 500 employees. Those loans will be forgiven if those businesses use the money to pay for rent, utilities, payroll, or the rehiring of employees. And word spread quickly.

-READ MORE
 



 Read more at Townhall

Steve Mnuchin by U.S. Department of State is licensed under Wikimedia Commons Public Domain

Current News

CVS, Walgreens complete first COVID-19 vaccine doses at nursing facilities

CVS, Walgreens complete first COVID-19 vaccine doses at nursing facilities

Vaccines may be available to the general population in April or May, CVS said  Read more

Here are some of the best Bernie Sanders memes from the inauguration

Here are some of the best Bernie Sanders memes from the inauguration

A meme was born on Wednesday when Bernie Sanders took his mittens to Washington, DC.  Read more

Biden Signs 17 Executive Orders On First Day In Office, Includes Controversial Actions

Biden Signs 17 Executive Orders On First Day In Office, Includes Controversial Actions

President Joe Biden signed 17 Executive Orders on his first day in office, which included a number of controversial actions that took political aim at erasing as much of President Donald Trump’s presidency.  Read more

Tim Graham: With Biden as president these 5 trends will vanish from the liberal media

Tim Graham: With Biden as president these 5 trends will vanish from the liberal media

Don't expect any rewards for Jim Acosta screaming at the White House press briefing  Read more

The debt question facing Janet Yellen: How much is too much?

The debt question facing Janet Yellen: How much is too much?

Treasury secretary nominee supports Biden plans that add trillions to US borrowing, a turnabout in economic thinking  Read more

Programmer who could lose hundreds of millions in bitcoin shares 'painful memory'

Programmer who could lose hundreds of millions in bitcoin shares 'painful memory'

'There's no chance of remembering something that complicated from 10 years ago'  Read more