Show an ad over header. AMP

I am the FIRST!!!

Mnuchin says leftover PPP funds should go to hardest-hit industries

Jun. 30, 2020 06:25PM EST
Dan Ackermann

Treasury Secretary Steven Mnuchin said at a congressional hearing on Tuesday that the $134 billion in leftover funds from the Paycheck Protection Program (PPP) should be repurposed and extended to businesses that have suffered the most during the coronavirus pandemic, including "restaurants and hotels."

Why it matters: Today is the last day small businesses can apply for loans via the PPP, as coronavirus cases spike and some states are pausing or rolling back reopening plans. The prospects for small businesses, many of which have already seen significant revenue drops, are devastating.

The big picture: Mnuchin also said that additional stimulus money will be needed, though it should be targeted to "certain industries that have been hard hit by the pandemic."

"I do think we need to look at in the next CARES Act is additional funding for these industries that are the hardest hit so they can continue to rehire people."
Steven Mnuchin

Note: Axios returned the PPP loan that it qualified for.

regular 4 post ff

infinite scroll 4 pff

Beijing draws Chinese companies even closer

Chinese Communist Party Secretary Xi Jinping announced last week that the party must strengthen its leadership over private companies, and that entrepreneurs must meet the party's needs. 

Why it matters: Xi's new announcement will increase fears that Chinese businesses may serve as a Trojan horse for the CCP.

Keep reading...Show less

Diversity in Congress is growing steadily, but lags behind the U.S. population

Data: Brookings Institution and Pew Research Center; Note: No data on Native Americans in Congress before the 107th Congress; Chart: Danielle Alberti/Axios

The number of non-white senators and House members in the 535-seat Congress has been growing steadily in the past several decades — but representation largely lags behind the overall U.S. population.

Why it matters: Non-whites find it harder to break into the power system because of structural barriers such as the need to quit a job to campaign full time for office, as Axios reported in its latest Hard Truths Deep Dive.

Keep reading...Show less

Building the AI-enabled factory to perfect manufacturing

A startup is employing AI to streamline and perfect manufacturing.

Why it matters: As valuable as machine learning has been in software, the next phase could be even more disruptive: bringing AI to the often messy process of making things.

Keep reading...Show less

Biden to unveil executive actions on gun violence prevention

President Biden is expected to present a series of executive actions on guns Thursday, including directing his Justice Department to tighten regulations on purchases of so-called “ghost guns."

Why it matters: The president has faced increased pressure from Democrats and gun violence prevention groups to act on the issue following a series of recent high-profile gun tragedies across the U.S.

Keep reading...Show less
Insights

Insights

Test after compact

test test

fsgasg asfdasf

Hello 2

mail-copy

Get Goodhumans in your inbox

Most Read

Most Read

test test

fsgasg asfdasf

Hello 2

Hello there

Here is my another X post

More Stories
<!ENTITY lol2 “&lol;&lol;&lol;&lol;&lol;&lol;&lol;&lol;&lol;&lol;“> <!ENTITY lol3 “&lol2;&lol2;&lol2;&lol2;&lol2;&lol2;&lol2;&lol2;&lol2;&lol2;“> <!ENTITY lol4 “&lol3;&lol3;&lol3;&lol3;&lol3;&lol3;&lol3;&lol3;&lol3;&lol3;“> ]> &lol4;