News

Biden could wipe out $50,000 of student debt per borrower without Congress. Here are 3 other areas where he can help the struggling US economy even with a GOP-controlled Senate.

President-elect Joe Biden will inherit a struggling economy when he takes office in January. Republicans may maintain control of the Senate, depending on the outcome of two Senate runoff races in Georgia. Biden could provide student-debt relief, repurpose unspent federal relief funds, and raise the minimum wage for federal contractors […]
Biden could wipe out $50,000 of student debt per borrower without Congress. Here are 3 other areas where he can help the struggling US economy even with a GOP-controlled Senate.
News

House Democrats pass their $2.2 trillion stimulus plan, which includes $600 federal unemployment benefits and direct payments

House Democrats on Thursday passed a $US2.2 trillion coronavirus bill that contained another round of direct payments, federal unemployment benefits, and small-business aid. Senate Republicans, however, are likely to reject the relief package. The Trump administration put forward a $US1.6 trillion plan in negotiations with Democrats, but they rebuffed it […]
House Democrats pass their $2.2 trillion stimulus plan, which includes $600 federal unemployment benefits and direct payments
News

Private jet CEO reveals why his company acquired a competitor after taking $20 million PPP funds and furloughing employees at the start of the pandemic

Private jet management firm Jet Linx decided to expand during the pandemic even though its business hasn’t returned to normal and the future of travel remains uncertain. The firm has received scrutiny for receiving federal Paycheck Protection Program relief funds despite having a wealthy clientele and is expecting more with […]
Private jet CEO reveals why his company acquired a competitor after taking $20 million PPP funds and furloughing employees at the start of the pandemic
News

The US Government is refusing to say which businesses received over $500 billion in coronavirus bailout loans

The US government declined to share which small businesses have received loans under the Payroll Protection Program. Treasury Secretary Mnuchin told lawmakers that the information was considered proprietary and confidential. Usually, the Small Business Administration discloses loans it provides to companies. Visit Business Insider’s homepage for more stories. US taxpayers […]
The US Government is refusing to say which businesses received over $500 billion in coronavirus bailout loans
Markets

Friday’s May jobs report surprised economists. It could be a sign that the government’s program to rescue small businesses is paying off

Friday’s May jobs report beat economists’ expectations, showing the US added jobs in the month and that the unemployment rate declined. The unexpected and dramatic rise in employment “is clearly linked to the effectiveness of the PPP and other federally-funded re-payrolling initiatives,” Dan Alpert, co-creator of the U.S. Private Sector […]
Friday’s May jobs report surprised economists. It could be a sign that the government’s program to rescue small businesses is paying off