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Mnuchin: We may never know how many jobs PPP loans saved

Former Treasury Secretary Steven Mnuchin says that we'll never really know how many jobs, or small businesses, were saved by the Paycheck Protection Program.

Why it matters: The SBA claimed last summer that the pandemic-promoted program, which provided forgivable loans to qualifying small businesses, saved 51 million jobs. Some academic studies put the number much lower, including one from MIT that put the figure closer to 3 million.

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