Fed's Bostic: U.S. small business may need up to $500 billion monthly in support through crisis
That “baseline” figure derived from staff analysis, he said, would be a starting point for discussions about how to expand a $350 billion small business lending program that was exhausted in about two weeks.
The Paycheck Protection Program for small business was one of the signature elements of the $2.2 trillion emergency package approved by Congress late last month to try to keep the economy intact until the coronavirus outbreak is controlled and stores and businesses can safely reopen. Small businesses are allowed to take out four-year loans, and any amounts used to pay workers or basic bills like rent are forgiven - in effect turning the loans into government grants.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Troubled AMC Theatres Plans to Raise $500 Million in Private OfferingFacing the prospect of staying shut for several more months due to the coronavirus pandemic, embattled exhibitor AMC Entertainment has unveiled plans to raise $500 million in new debt to improve it…
Consulte Mais informação »
Verizon snaps up Zoom rival BlueJeans for less than $500 millionVerizon Communications Inc on Thursday agreed to buy BlueJeans Network Inc, a rival of Zoom Video Communications Inc , for less than $500 million as it looks to tap into the new-found popularity of video-conferencing apps.
Consulte Mais informação »
Amid Cash Crunch, AMC Theatres Plans to Raise $500 Million in Private OfferingShares in the exhibition giant on Thursday jumped over 35 percent in after-hours trading on hopes some shuttered theaters can reopen early.
Consulte Mais informação »
California to give $500 cash payments to immigrants hurt by virusCalifornia will be the first state to give cash to immigrants living in the country illegally who are hurt by the coronavirus, offering $500 apiece to 150,000 adults who were left out of the $2T stimulus package approved by Congress.
Consulte Mais informação »
Former Starbucks CEO Howard Schultz Wants To Pay Laid-Off Seattle-Area Restaurant Workers $500 EachFormer Starbucks CEO Howard Schultz has launched an effort to give laid-off restaurant workers in the Seattle area a one-time $500 payment — an attempt to close what he sees as a serious gap in the federal government's assistance plan. (hereandnow)
Consulte Mais informação »
Nintendo Switch sold out nearly everywhere, Amazon charging over $500 - Business InsiderAmazon resellers are charging as much as $500 for the Nintendo Switch as stock remains scarce amid the coronavirus pandemic.
Consulte Mais informação »