Paycheck protection program nears end with $130 billion unused

 

Source: Jonathan O'Connell, Erica Werner & Aaron Gregg, Washington Post ( Paid Registration )

The stimulus program that has both infuriated and sustained small-business owners since its launch in April is now set to close with more than $130 billion left unused, prompting lawmakers to consider how to repurpose the money for the still-ailing economy.

Sens. Marco Rubio (R-Fla.) is working on legislation that would create new programs to expand uses for the funds, such as allowing chambers of commerce to apply as well as directing more money to certain businesses that prove they were affected by the pandemic.

Read Full Article: Paycheck protection program nears end with $130 billion unused

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