The Small Business Administration launches on Monday more Paycheck Protection Program loans to help small businesses weather the coronavirus pandemic. Congress last month approved $284 billion in new funds for the forgivable loans which are distributed by lenders on behalf …
A bipartisan group of lawmakers released proposed Covid-19 relief legislation that may provide momentum for breaking a months-long impasse, by separating out coronavirus liability protections and state aid — the two most contentious and partisan items. After Republicans and Democrats …
Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi discussed developments on federal funding, including pandemic relief, during a roughly half-hour phone call on Sunday and agreed to speak again on Monday, Pelosi spokesman Drew Hammill said on Twitter. In …
Congress is weighing whether insurers and government can together “bend pandemic risk curves” for future events or simply replace some of the economic losses of businesses, putting them “into induced comas” during pandemics. That was the essence of a debate …
Property/casualty insurance carrier groups are developing a proposal for a federal program to replace revenues lost by businesses shut down during pandemics like COVID-19, but their program won’t be modeled after the Terrorism Risk Insurance Act as some have urged. …
The nation’s restaurants stand to lose at least $275 billion and shed as many as 7 million jobs over the next three months due to the coronavirus, the industry told lawmakers yesterday in appealing for help. The National Restaurant Association …
