Democrats and Republicans reached agreement relatively quickly over the last several days to keep the popular program open…
Treasury and SBA Release Detailed Paycheck Protection Data…
Together with the Treasury Department, the U.S. Small Business Administration (SBA) revealed detailed information Monday regarding the 4.9 million loans made to businesses across the United States during the CCP virus crisis as part of the Paycheck Protection Program (PPP). As of June 30, the PPP has seen over $521 billion lent through almost 4.9 […]
Democratic Law Firm Behind Harvey Weinstein’s Defense Takes Million in PPP Stimulus Aid…
An elite law firm known for representing disgraced Hollywood executive Harvey Weinstein and Al Gore’s presidential campaign accepted up to $10 million in federal coronavirus aid, data released by the Small Business Administration show. Boies Schiller Flexner, a white-shoe firm founded by former Al Gore lawyer David Boies, applied for and obtained between $5 and […]
Media Matters Takes Millions In PPP Aid While Criticizing Trump Coronavirus Response…
Lobbyists Who Worked for Trump’s Campaigns, Committees and Administration Are Feasting on the Public Health Emergency…
Treasury Secretary Steven Mnuchin – Warns Big Business Not to Try and Take Funds from Small Business Relief…
Treasury Secretary Steven Mnuchin calls in to Stuart Varney to provide updates on congressional funding for the Paycheck Protection Program (PPP) and the Small Business Administration relief package. Sec. Mnuchin covers a range of topics from Harvard to oil. After discovering that several large companies have applied to the PPP program, Mnuchin warns them about […]
Ivy League Universities Flush with Cash Set to Receive Millions in Federal Coronavirus Funding…
The eight elite private colleges of the Ivy League are slated to receive millions in taxpayer-funded coronavirus stimulus money despite controlling endowments with a combined value in 2019 of over $140 billion. Five Ivy League schools posted operational surpluses of over $200 million in 2019, according to their financial statements from that year. Secretary of […]
Harvard and Other ‘Well Endowed’ Colleges Face Backlash for Tapping Tens of Millions in Stimulus Funds…
Several US colleges with multi-billion dollar endowments have been tapping into the massive coronavirus stimulus passed by Congress and signed into law by President Trump in January. As part of the $2 trillion Coronavirus Aid, Relief and Economic Security Act (CARES), $14 billion was set aside to support higher education institutions – ostensibly those without […]
Shake Shack to Return $10 Million PPP Loan After Outrage over Large Businesses Tapping…
Shake Shack plans to return the $10 million support loan it tapped from the Paycheck Protection Program (PPP) amid brewing outrage over large businesses accessing government funds that were intended to save small businesses during the coronavirus pandemic. According to Bloomberg, over a dozen publicly traded companies with revenue topping $100 million participated in the […]
ONCE AGAIN, DEMOCRATS ARE HOLDING SMALL BUSINESS STIMULUS FUNDS HOSTAGE…THIS TIME TO FUND LOCAL MEDIA…
Senate Democrats are pushing for a proposal that might send as much as $10 billion to local media outlets as part of a fourth CCP virus relief package, while blocking additional rescue funding for small businesses. “For over a decade, there has been a steady succession of local outlets closing down, reporters being laid off, […]