The U.S. failed to take basic steps at the start of the coronavirus pandemic to prevent fraud in a federal aid program intended to help small businesses, the chairman of a House panel examining the payouts said Tuesday.
Two credit unions are among 26 Massachusetts community development financial institutions that will receive more than $35 million in COVID-19-related funding from the U.S. Department of the Treasury.
Thousands of small businesses have received hundreds of millions of dollars in state recovery grants since December, helping them to pay the rent and make payroll, but one top House Democrat said Tuesday he’s worried many of these businesses owners might not know what’s coming – a tax bill.
Treasury Secretary Janet Yellen said Sunday the country was still in a “deep hole” with millions of lost jobs but that President Joe Biden’s $1.9 trillion relief plan could generate enough growth to restore full employment by next year.
President Joe Biden is set to meet Monday with a group of 10 Republican senators who have proposed spending about one-third of the $1.9 trillion he is seeking in coronavirus aid.
When Joe Biden entered the White House as vice president, the economy was cratering. Job losses were mounting. Stocks were crashing. Millions of Americans were in the early stages of losing their homes to foreclosure as the housing bubble burst.
President Donald Trump has signed a $900 billion pandemic relief package, ending days of drama over his refusal to accept the bipartisan deal that will deliver long-sought cash to businesses and individuals and avert a federal government shutdown.
As we approach winter, we are living through an alarming spike of coronavirus cases, and while a vaccine has been approved in record time, it will likely take several months to reach all Americans.
A day after announcing new business restrictions aimed at preventing a post-Christmas boom of COVID-19 cases, Gov. Charlie Baker said restaurants, retailers and other small businesses hurt by the pandemic will be eligible for grants through a new $668 million small business relief fund operated by the state.
President Donald Trump has threatened to torpedo Congress’ massive COVID-19 relief package in the midst of a raging pandemic and deep economic uncertainty, suddenly demanding changes fellow Republicans have opposed.
Massachusetts renters and their landlords will get some measure of relief from a $900 billion federal COVID-19 aid package agreed to by congressional negotiators Sunday night.
Congressional negotiators are closing in on a $900 billion COVID-19 economic relief package that would deliver additional help to businesses, $300-per-week jobless checks and $600 stimulus payments to most Americans. But there was no deal quite yet.
As top Washington negotiators reach for a long-delayed agreement on COVID-19 relief, rank-and-file Democrats appear increasingly resigned to having to drop, for now, a scaled-back demand for fiscal relief for states and local governments whose budgets have been thrown out of balance by the pandemic.
Senate Majority Leader Mitch McConnell has a big present for the American economy this year. Just kidding.
An emerging $908 billion COVID-19 aid package from a bipartisan group of lawmakers has all but collapsed after Senate Majority Leader Mitch McConnell said Republican senators won’t support $160 billion in state and local funds as part of a potential trade-off in the deal.
Optimism about delivering long-sought COVID-19 relief is building on Capitol Hill after additional rank-and-file lawmakers voiced support for a bipartisan, middle-of-the-road plan taking shape in the Senate.
President-elect Joe Biden swung behind a bipartisan COVID-19 relief effort Wednesday and his top Capitol Hill allies cut their demands for a $2 trillion-plus measure by more than half in hopes of breaking a months-long logjam on the issue.
Top Senate Republican Mitch McConnell said he’s largely sticking with a partisan, scaled-back COVID-19 relief bill that has already failed twice this fall, even as Democratic leaders and a bipartisan group of moderates offered concessions in hopes of passing pandemic aid before Congress adjourns for the year.
After months of shadowboxing amid a tense and toxic campaign, Capitol Hill’s main players are returning for one final, perhaps futile, attempt at deal-making
