Dairy farmers raced to secure aid under the $350 billion Paycheck Protection Program before it ran out of money Thursday, as the coronavirus pandemic shuttered schools across the nation and gutted demand for milk.
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Dairy farmers forced to dump milk as schools and restaurants close in CaliforniaDairy farmers in California are being forced to dump milk due to an enormous decrease in demand, with schools and restaurants remaining closed during the statewide stay-at-home order.
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Small-Business Aid Program Set to Run Out of Money Later TodayA small-business loan program at the center of a partisan standoff among congressional lawmakers is expected to run out of money later Wednesday, according to a person familiar with the fund.
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The $349 billion coronavirus loan program for small businesses is out of money after 13 daysLess than two weeks after launch, the Trump administration’s Paycheck Protection Program (PPP) for small businesses slammed by coronavirus has run out of funds.
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Small-business loan fund for coronavirus relief is set to run dry todayA $349-billion federal relief program for U.S. small businesses is expected to run out of money Wednesday afternoon, with many still waiting for a lifeline.
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Small-business loan program just hit its $350 billion cap and is now out of moneyThe emergency fund offered a lifeline to small businesses that have been shuttered or forced to lay off or furlough employees because of the coronavirus.
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