Mnuchin Calls for Forgiving PPP Loans to Smallest Businesses


Mnuchin Calls for Forgiving PPP Loans to Smallest Businesses

WASHINGTON—Congress should consider automatically forgiving Paycheck Protection Program loans taken out by the smallest U.S. businesses—and offer a second helping of aid to firms hard hit by the pandemic, Treasury Secretary Steven Mnuchin said Friday.

The comments came at a House Small Business Committee hearing, where lawmakers in both parties signaled they want to push out more small-business aid as the U.S. continues to grapple with the coronavirus.


Source link