Trump signs extension of COVID-relief fund for businesses
Source: AP
WASHINGTON (AP) President Donald Trump on Saturday signed into law a temporary extension of a subsidy program for small businesses battered by the coronavirus,
The legislation extends the June 30 deadline for applying for the program to Aug. 8. Lawmakers created the program in March and have modified it twice since, adding money on one occasion and more recently permitting more flexible use of the funding despite some grumbling among GOP conservatives.
About $130 billion of $660 billion approved for the program remains eligible for businesses to seek direct federal subsidies for payroll and other costs such as rent, though demand for the Paycheck Protection Program has pretty much dried up in recent weeks.
The Democratic-controlled House voted on Wednesday to approve the extension of the program after the Republican-controlled Senate did the same.
Trump had been expected to sign the measure.
President Donald Trump speaks during a news briefing at the White House, Thursday, July 2, 2020, in Washington, as White House chief economic adviser Larry Kudlow, left, and Treasury Secretary Steven Mnuchin, look on. (AP Photo/Evan Vucci)
Read more: https://apnews.com/02d5ddc6536276de8bd9b612de3068cc
paleotn
(17,778 posts)I've got a feeling it's going to be a long, cold winter.
onecaliberal
(32,471 posts)Newest Reality
(12,712 posts)And nothing for the people out of work and very close to eviction now?
I mean, at least another measly stimulus check that can be used for a tent, sleeping bags and other useful items for street life. It's going to be a debacle and it is shocking enough when people experience that for the first time.
Midnight Writer
(21,540 posts)Oh, that's right. We have real estate speculators to take their homes away from them when they miss payments.
Chainfire
(17,304 posts)I believe the Trump administration defines that as between 100 and 250 thousand employees.....
LiberalLovinLug
(14,153 posts)A lot of it is going to his own business interests. And Republican owned corps. No transparency. So of course, its a no brainer. A small minority will actually trickle through to mom and pop small business owners.
groundloop
(11,486 posts)CTyankee
(63,768 posts)At the very least, dear god...
sakabatou
(42,082 posts)CrispyQ
(36,221 posts)pecosbob
(7,502 posts)1. More money for corporations
2. No money for workers
3. No accountability
yaesu
(8,020 posts)equivalent of a used condom. especially those who can't apply for unemployment or are on fixed income. Because of that sugar daddy high prices are going through the roof. These people won't be worrying about voting come Nov, they will be worried about where they're going to sleep or where their next meal will come from. The House Dems need to shut funding, gov business down, shut everything down to force the fascists to pass stimulus packages and I'm not talking about that bipartisan corporate infrastructure bill. If they can't do that at the very least impeach trump again.
sandensea
(21,526 posts)He's giving his friends another 6 six weeks to steal the $130 billion left in the pot.
Dopers_Greed
(2,640 posts)LudwigPastorius
(8,943 posts)Less than good for freelancers and independent contractors.
It's time for another round of stimulus, despite what the shit-turtle in the Senate says.