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Omaha Steve

(99,054 posts)
Sat Jul 4, 2020, 04:06 PM Jul 2020

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

15 replies = new reply since forum marked as read
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Trump signs extension of COVID-relief fund for businesses (Original Post) Omaha Steve Jul 2020 OP
There going to need it... paleotn Jul 2020 #1
And screw the unemployed. onecaliberal Jul 2020 #2
And nothing... Newest Reality Jul 2020 #3
How about the millions of unemployed? Midnight Writer Jul 2020 #4
It is all about the definition of "small business" Chainfire Jul 2020 #5
Of course he'll sign it LiberalLovinLug Jul 2020 #6
Great to know that business owners won't go bankrupt..... what about the unemployed? groundloop Jul 2020 #7
Will they HIRE BACK the people they laid off? CTyankee Jul 2020 #8
Doubt it. Businesses will just use it to enrich itself. sakabatou Jul 2020 #9
Will we get to see who gets the money? CrispyQ Jul 2020 #10
Let's sum things up pecosbob Jul 2020 #11
Wall street gets 9 trillion and counting, businesses getting handouts but we the people got the yaesu Jul 2020 #12
Translation: sandensea Jul 2020 #13
So most of the money is going to corporations and Wall Street hedge funds again Dopers_Greed Jul 2020 #14
Great for businesses and their employees. LudwigPastorius Jul 2020 #15

Newest Reality

(12,712 posts)
3. And nothing...
Sat Jul 4, 2020, 04:26 PM
Jul 2020

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)
4. How about the millions of unemployed?
Sat Jul 4, 2020, 04:27 PM
Jul 2020

Oh, that's right. We have real estate speculators to take their homes away from them when they miss payments.

Chainfire

(17,304 posts)
5. It is all about the definition of "small business"
Sat Jul 4, 2020, 04:28 PM
Jul 2020

I believe the Trump administration defines that as between 100 and 250 thousand employees.....

LiberalLovinLug

(14,153 posts)
6. Of course he'll sign it
Sat Jul 4, 2020, 04:45 PM
Jul 2020

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.

yaesu

(8,020 posts)
12. Wall street gets 9 trillion and counting, businesses getting handouts but we the people got the
Sat Jul 4, 2020, 08:00 PM
Jul 2020

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.

LudwigPastorius

(8,943 posts)
15. Great for businesses and their employees.
Sun Jul 5, 2020, 10:28 PM
Jul 2020

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.
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