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The biggest item in the $484 billion measure is roughly $321 billion in additional funding for a small-business loan program. President Trump signed the legislation on Friday.
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Banks handling the federal government's loan program for small businesses made more than $10 billion in fees, while thousands of small businesses were shut out of the program.
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Both Republicans and Democrats agreed that a small-business program that ran out of money needed a major infusion. Negotiators also added resources for hospitals and testing.
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The burger chain and other large businesses were able to get the money because the program covers any company with fewer than 500 workers in a single location.
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Democrats want to funnel the extra funding through community-based financial institutions, which they say help businesses owned by minorities, veterans and rural Americans across the country.
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Downtown Columbus isn’t exactly a ghost town, but it feels empty—hollowed out. Bars are closed, as are most retail storefronts, but a few restaurants are…
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Top administration officials will meet with House and Senate Republicans Tuesday to discuss economic relief for workers and small businesses. Democrats, however, signaled they are not on board.
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The U.S. Small Business Administration announced it will give loans to organizations impacted by excessive rain and flooding in Ohio.The Economic Injury…