News and Notes from a Troubled Week
Congressional members gathered in D.C. this week to overwhelmingly pass an additional $484 billion aid package which President Trump signed into law today. More than half of the total, or $250 billion, will be set aside to assist small- and medium-sized businesses through the existing (but currently depleted) Payroll Protection Program (PPP). The PPP provides forgivable loans to businesses that continue to pay their workers while their doors are shuttered. An estimated 1.7 million U.S. businesses had filed for relief under the PPP before funds ran out..