The Trump Administration has finally released the Paycheck Protection Program loan recipients by theothersarahh
of businesses Monday that received loans of more than $150,000 under the Paycheck Protection Program, in a data dump that came after weeks of pressure from government watchdogs, Democrats and media organizations calling for more transparency into the massive federal relief spending intended to prop up the economy during the worst of the coronavirus slowdown. ... [+]AFP via Getty ImagesMore than 660,000 small businesses received loans of more than $150,000, according to the data.
For loans above that threshold, the SBA grouped borrowers into five categories ranging from $150,000-$350,000 to $5-$10 million rather than disclosing specific loan amounts. The SBA also released information—including specific loans amounts, though not including individual names—about borrowers who received loans of less than $150,000.
Also absent is data related to businesses that received loans of more than $10 million, like Ruth’s Hospitality Group, owner of Ruth’s Chris Steak House, which in Aprila $20 million PPP loan after a bitter public backlash over publicly traded companies receiving multimillion-dollar loans while mom-and-pop shops were shut out of the program entirely in its early days.
Releasing the data to the public is a reversal of the Trump administration’s earlier stance on the issue; Treasury Secretary Steven Mnuchin said last month that that it considered the loan information to be
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mary Trump tell-all book will be released two weeks early amid court fightThe publisher of a forthcoming tell-all book about President Donald Trump and his family by his niece Mary Trump on Monday said it was advancing the date of the book's publication by two weeks, to July 14.
Read more »
Experts Say Intel Should Have Reached Trump On Russian Bounty ProgramPresident Trump says no one told him about a suspected Russian bounty program. But the information was reportedly available to him and his top advisers in a detailed intelligence file called the President's Daily Briefing.
Read more »
Neil Young Objects to Songs Being Played at Trump Mount Rushmore EventThe musician has previously spoken out against the president and the use of his music at Trump's rallies in the past.
Read more »
Testing, Masks Optional For National Park Staffers Who Prepared Trump Mount Rushmore EventThousands of participants are expected to attend the July 4th event and won’t be required to wear masks or social distance.
Read more »
Trump steps back, no longer 'daily voice' of coronavirus responsePresident Trump steps back, leaving coronavirus response to VP Pence and the admin.'s public health officials.
Read more »