AP Photo
U.S. Capitol Christmas Tree is seen at the U.S. Capitol at night after negotiators sealed a deal for COVID relief Sunday, Dec. 20, 2020, in Washington. Top Capitol Hill negotiators sealed a deal Sunday on an almost $1 trillion COVID-19 economic relief package, finally delivering long-overdue help to businesses and individuals and providing money to deliver vaccines to a nation eager for them.
Last night, Congress passed a COVID-19 relief package. In it, more than $284 billion will go to the federal Paycheck Protection Program (PPP). It gives loans to small businesses who then use that money to pay their employees. The program s goal is to prevent layoffs for businesses impacted by the pandemic. The program stopped accepting applications in early August, but now, if President Trump signs the COVID-19 aid package, business owners could once again apply for PPP loans.
Subordinated debt rule gives big credit unions new path to growth americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.