How Small Businesses Are Surviving (Or Not)
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FEATURING AMANDA BALLANTYNE – President elect Joe Biden met this week with workers and business owners who had been impacted by the coronavirus pandemic. With Congress having failed to pass more Covid-related relief for struggling workers and businesses many Americans are reaching a breaking point. Now, a centrist and bipartisan group of lawmakers has begun touting a modest $908 billion package that on Thursday won the support of Democratic leaders Nancy Pelosi and Chuck Schumer as well as growing numbers of GOP Senators.
Meanwhile new data about the CARES Act Paycheck Protection Program shows a number of troubling aspects including millions of dollars going to Trump and Kushner properties, and money going to corporations that did not save jobs. And, Treasury Secretary Steven Mnuchin has defended putting hundreds of billions of unspent dollars from the CARES Act into a fund that his successor will need permission to access.