RECENT ARTICLES
This Treasury Official Is Running the Bailout. It’s Been Great for His Family.
The U.S. Response to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin have become the public faces of the federal coronavirus bailout. Behind the scenes, however, the Treasury’s responsibilities have fallen largely to the 42-year-old deputy secretary, Justin Muzinich.A major beneficiary of that bailout so far: Muzinich & Co., the asset manager founded by his father where Justin served as president before joining the administration. He...…The U.S. Response to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin have become the public faces of the federal coronavirus bailout. Behind the scenes, however, the Treasury’s responsibilities have fallen largely to the 42-year-old deputy secretary, Justin Muzinich.A major beneficiary of that bailout so far: Muzinich & Co., the asset manager founded by his father where Justin served as president before joining the administration. He...WW…
The Small Biz Double-Dip: Temp Companies Got Cheap Government Money, Got Paid by Clients for the Same Workers
Fiscal Responses to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.As millions of small businesses suffer to the point of going under, some in one industry have found a way to benefit: temp agencies.Companies typically seek contracted temp workers because they don’t have to pay them benefits and can pick them up and let them go easily. For sudden needs brought on by COVID-19, such as conducting temperature checks and sanitizing workplaces, staffing companies can recruit, vet, hire and supply workers on a few...…Fiscal Responses to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.As millions of small businesses suffer to the point of going under, some in one industry have found a way to benefit: temp agencies.Companies typically seek contracted temp workers because they don’t have to pay them benefits and can pick them up and let them go easily. For sudden needs brought on by COVID-19, such as conducting temperature checks and sanitizing workplaces, staffing companies can recruit, vet, hire and supply workers on a few...WW…
A Closer Look at Federal COVID Contractors Reveals Inexperience, Fraud Accusations and a Weapons Dealer Operating Out of Someone’s House
The U.S. Response to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.A firm set up by a former telemarketer who once settled federal fraud charges for $2.7 million. A vodka distributor accused in a pending lawsuit of overstating its projected sales. An aspiring weapons dealer operating out of a single-family home.These three privately held companies are part of the new medical supply chain, offered a total of almost $74 million by the federal government to find and rapidly deliver vital protective equipment and...…The U.S. Response to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.A firm set up by a former telemarketer who once settled federal fraud charges for $2.7 million. A vodka distributor accused in a pending lawsuit of overstating its projected sales. An aspiring weapons dealer operating out of a single-family home.These three privately held companies are part of the new medical supply chain, offered a total of almost $74 million by the federal government to find and rapidly deliver vital protective equipment and...WW…
To Understand the Medical Supply Shortage, It Helps to Know How the U.S. Lost the Lithium Ion Battery to China
The U.S. Response to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.With so many critical health care products now made offshore that supplies could not meet surging demand as the coronavirus overwhelmed hospitals, America’s attention has again turned to the atrophied state of domestic manufacturing.As imports from Chinese manufacturers vaporized and other countries clamped down on exports, health care workers improvised with homemade face masks while American factories retooled in a desperate race to make...…The U.S. Response to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.With so many critical health care products now made offshore that supplies could not meet surging demand as the coronavirus overwhelmed hospitals, America’s attention has again turned to the atrophied state of domestic manufacturing.As imports from Chinese manufacturers vaporized and other countries clamped down on exports, health care workers improvised with homemade face masks while American factories retooled in a desperate race to make...WW…
The Trump Administration Says a New Bailout Program Will Help 35 Million Americans. It Probably Won’t.
The U.S. Response to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.Within a few weeks, the Federal Reserve will start a $600 billion lending program that the Trump administration will help 40,000 midsized businesses that employ 35 million Americans.The Main Street Lending Program is the next marquee effort of the Coronavirus Aid, Relief and Economic Security Act, which Congress passed in March. It is set to begin after weeks of criticism of the first, the Paycheck Protection Program for small businesses. While...…The U.S. Response to COVID-19ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.Within a few weeks, the Federal Reserve will start a $600 billion lending program that the Trump administration will help 40,000 midsized businesses that employ 35 million Americans.The Main Street Lending Program is the next marquee effort of the Coronavirus Aid, Relief and Economic Security Act, which Congress passed in March. It is set to begin after weeks of criticism of the first, the Paycheck Protection Program for small businesses. While...WW…
How a Federal Agency Excluded Thousands of Viable Businesses From Pandemic Relief
ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.Like every other storefront in downtown Lincoln, Nebraska, the Coffee House — a cavernous student hangout slinging espresso and decadent pastries since 1987 — saw its revenue dry up almost overnight last spring when the coronavirus pandemic made dining indoors a deadly risk. Unlike most, however, the business wouldn’t have access to the massive loan fund that Congress made available for small enterprises in late March.The reason had nothing to do with the business itself,...…ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.Like every other storefront in downtown Lincoln, Nebraska, the Coffee House — a cavernous student hangout slinging espresso and decadent pastries since 1987 — saw its revenue dry up almost overnight last spring when the coronavirus pandemic made dining indoors a deadly risk. Unlike most, however, the business wouldn’t have access to the massive loan fund that Congress made available for small enterprises in late March.The reason had nothing to do with the business itself,...WW…
The SEC Undermined a Powerful Weapon Against White-Collar Crime
ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.After agonizing about the decision, the top financial adviser had finally gone to the Securities and Exchange Commission with proof of wrongdoing at his firm.He’s blunt about why: the roughly $50 million he stood to make under the agency’s whistleblower program, his calculation based on what kind of settlement he thinks the government could extract. It would be enough to offset any lost earnings in the likely event that his former colleagues figured out he’d turned them in...…ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.After agonizing about the decision, the top financial adviser had finally gone to the Securities and Exchange Commission with proof of wrongdoing at his firm.He’s blunt about why: the roughly $50 million he stood to make under the agency’s whistleblower program, his calculation based on what kind of settlement he thinks the government could extract. It would be enough to offset any lost earnings in the likely event that his former colleagues figured out he’d turned them in...WW…
Capitol Rioters Planned for Weeks in Plain Sight. The Police Weren’t Ready.
The Effort to Overturn the ElectionProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.This story is part of an ongoing collaboration between ProPublica and FRONTLINE that includes an upcoming documentary.The invasion of the U.S. Capitol on Wednesday was stoked in plain sight. For weeks, the far-right supporters of President Donald Trump railed on social media that the election had been stolen. They openly discussed the idea of violent protest on the day Congress met to certify the result.“We came up with the idea to occupy...…The Effort to Overturn the ElectionProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.This story is part of an ongoing collaboration between ProPublica and FRONTLINE that includes an upcoming documentary.The invasion of the U.S. Capitol on Wednesday was stoked in plain sight. For weeks, the far-right supporters of President Donald Trump railed on social media that the election had been stolen. They openly discussed the idea of violent protest on the day Congress met to certify the result.“We came up with the idea to occupy...WW…
Trump Administration Pushes Rules Facilitating Religious Discrimination at Work
SharePolitics & ElectionsRacial JusticePolitics & ElectionsEnvironment & HealthPolitics & ElectionsWar & PeaceIt was the hectic week before Thanksgiving, and Amrith Kaur — the legal director of an advocacy group called the Sikh Coalition — was not prepared for a surprise update from the Equal Employment Opportunity Commission that could have dramatic consequences for her clients.With little warning, the EEOC published a 112-page overhaul of itson religious discrimination in the workplace. The feedback period was proceeding with no time to spare — she would have to file...…SharePolitics & ElectionsRacial JusticePolitics & ElectionsEnvironment & HealthPolitics & ElectionsWar & PeaceIt was the hectic week before Thanksgiving, and Amrith Kaur — the legal director of an advocacy group called the Sikh Coalition — was not prepared for a surprise update from the Equal Employment Opportunity Commission that could have dramatic consequences for her clients.With little warning, the EEOC published a 112-page overhaul of itson religious discrimination in the workplace. The feedback period was proceeding with no time to spare — she would have to file...WW…
The Trump Administration’s Final Push to Make It Easier for Religious Employers to Discriminate
ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.It was the hectic week before Thanksgiving, and Amrith Kaur — the legal director of an advocacy group called the Sikh Coalition — was not prepared for a surprise update from the Equal Employment Opportunity Commission that could have dramatic consequences for her clients.With little warning, the EEOC published a 112-page overhaul of its on religious discrimination in the workplace. The feedback period was proceeding with no time to spare — she would have to file any comments...…ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.It was the hectic week before Thanksgiving, and Amrith Kaur — the legal director of an advocacy group called the Sikh Coalition — was not prepared for a surprise update from the Equal Employment Opportunity Commission that could have dramatic consequences for her clients.With little warning, the EEOC published a 112-page overhaul of its on religious discrimination in the workplace. The feedback period was proceeding with no time to spare — she would have to file any comments...WW…