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Here's How The Small Business Loan Program Went Wrong In Just 4 Weeks
Here's How The Small Business Loan Program Went Wrong In Just 4 Weeks Not-so-small companies like Shake Shack and organizations like the LA Lakers were able to get loans that were meant for suffering small businesses. What happened?Trish Pugh started an Ohio trucking company with her husband in 2015. Even for a small business, it's small — they had two drivers, counting her husband, until they let one go because of the coronavirus crisis. And so her company applied for a loan under the first, $349 billion round of the Paycheck Protection Program, which the federal government had set up to...…Here's How The Small Business Loan Program Went Wrong In Just 4 Weeks Not-so-small companies like Shake Shack and organizations like the LA Lakers were able to get loans that were meant for suffering small businesses. What happened?Trish Pugh started an Ohio trucking company with her husband in 2015. Even for a small business, it's small — they had two drivers, counting her husband, until they let one go because of the coronavirus crisis. And so her company applied for a loan under the first, $349 billion round of the Paycheck Protection Program, which the federal government had set up to...WW…
A Month After Emergency Declaration, Trump's Promises Largely Unfulfilled
In March, Trump Promised Resources To Fight The Pandemic. Few Happened On March 13, President Trump promised to mobilize private and public resources to respond to the coronavirus. NPR followed up on each promise and found little action had been taken.Heard onToggle more optionsUpdated at 10:10 p.m. ET One month ago today, President Trump declared a national emergency. In a Rose Garden address, flanked by leaders from giant retailers and medical testing companies, he promised a mobilization of public and private resources to attack the coronavirus. "We've been working very hard on this....…In March, Trump Promised Resources To Fight The Pandemic. Few Happened On March 13, President Trump promised to mobilize private and public resources to respond to the coronavirus. NPR followed up on each promise and found little action had been taken.Heard onToggle more optionsUpdated at 10:10 p.m. ET One month ago today, President Trump declared a national emergency. In a Rose Garden address, flanked by leaders from giant retailers and medical testing companies, he promised a mobilization of public and private resources to attack the coronavirus. "We've been working very hard on this....WW…
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