Payroll Protection program aided many firms across sectors
The Treasury identified about 650000 mostly small businesses and nonprofits that received PPP funds, spanning manufacturing, construction, law firms, and private equity groups. The Gazette received 1.2047 million in late April. Yeezy, Ice Cube’s league, Planned Parenthood clinics, and Americans for Tax Reform were also listed.
MENTIONED IN THIS ARTICLE
Treasury Department
the Gazette
Lorain County Printing and Publishing Co
Marco Rubio
Florida
Small Business Committee
DeWine's firm receives SBA PPP loan amid pandemic relief program
A Ohio governor linked company DeWine Seeds Silver Dollar Baseball got a PPP loan range of 150000 to 350000 from the SBA. The loan to support payroll totals 189500, funding Asheville Tourists operations in North Carolina where Brian DeWine serves as team president. Governor says he owns 32 percent stake and has no management role. The data release notes the program aims to shield small firms, with broader debate over transparency and long term impact on jobs.
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Columbus
Ohio
Mike DeWine
DeWine
Small Business Administration
Asheville
Dan Tierney
Senate
Chuck Schumer
Congress
PPP
Federal
Reserve
Treasury Department
Texas
Florida
California
New York
Adam Ozimek
Upwork
National Federation of Independent Business
Treasury
Steven Mnuchin
Associated Press
Trump tied lobbyists helped snag $10B in aid
Forty lobbyists with ties to President Trump aided clients in securing over $10 billion in federal coronavirus aid. The report names figures such as Brian Ballard and Dave Urban, noting their roles in Trump’s transition, campaigns, or fundraising. It highlights ongoing lobbying growth despite a stated drain-the-swamp pledge. The White House did not respond.
MENTIONED IN THIS ARTICLE
Washington
Donald Trump
Administration
Trump
Public Citizen
Brian Ballard
Congress
Washington, D.C
Mike Tanglis
White House
Global stocks rally as US and China lead gains
World markets surged with the S&P 500 up 1.6 percent and Nasdaq at a record high as Apple and Amazon supported tech stocks. Dow rose 459.67 points to 26287.03 while China jumped 5.7 percent its best since 2015 amid improving economic signals. WalletHub noted states’ unemployment claims retreating 79 percent from pandemic peaks, with New Jersey and others posting faster recovery and some states pausing reopenings due to COVID spikes.
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China
Treasury
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Amazon
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Adam McCann
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Pennsylvania
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