Over the past several months, this committee has held numerous hearings on the ppp and heard from borrowers and challenges theyve faced in accessing the program. Ive travelled through the districts to speak with Business Owners about how they faired through the pandemic. And ive heard some of the successes and challenges they face with the ppp. And uncertainty about what the future holds. From borrower who is eventually access the loan, the Committee Heard concerns about complicated and conflicting Program Rules and other requirements associated with loan forgiveness. Lenders also expressed a great deal of frustration over the needlessly complicated rules and reported feeling unable to adequately help their borrowers through the forgiveness process. Through it all, borrowers simply wanted to ensure they were using loan for proceeding consistent with the law so they could qualify for full loan forgiveness and effectively convert the loan into a grant which was the congressional intent i
202140 upon competition. Tips and more information on how to get started at a website, student cam. Org. The house Small Business subcommittee held a hearing on the Paycheck Protection Program also known as ppe. Small Business Owners testified about their experiences applying for ppe loan forgiveness. An excellent how this process could be confusing. We are meeting today to conduct an important hearing onl the Small Business administration Paycheck Protection Program or ppe. Specifically, a review of the loan forgiveness process. I want to thank each of the witnesses for their testimonies today. In the pastovas several months s committee has held numerous hearings on ppe. We have heard from borrowers and lenders about the challenges they face. Ive also traveled across counties in new jersey to speak with Business Owners about how e they fared during this pandem. And for some of them discuss the challenges they face with the ppe. In uncertainty about the futureo holds. Borrowers to even
But then it said that information was basically published in error. And they took it back down saying it is still being reviewed. Here is what it said before it was removed. The coronavirus is most commonly spread the respiratory droplets or small particles. Such as those in aerosols which are produced when an infected person coughs, sneezes or even just breathes. And it can remain airborne for a period of time. It can then spread to others who inhale it. This is something that many scientists and Health Experts a been warning for months. In the meantime the u. S. Is nearing 200,000 deaths from the coronavirus. The latest predictions say that number could double by the end oftheyear. The latest prediction coming from the institute for Health Metrics and evaluation says 410,000 deaths by january first. But the figure is not yet set in stone. Well over 100,000 lives in the u. S. Between now and ary fi ma thing so ue practi as for the cdc website, they say that was a draft version of some
Californians. Reporter californians applying for unappointed benefits will have to wait pick the States Employment Development Department has halted taking new applications until october 5. A two week reset while they switch their updated online Identification System and moved to id me. This comes after a strike team put forth recommendations to update the service. They have been plagued with issues with so many californians applying for caliph fournette an appointment benefits at once. Theres been a massive backlog in claims because so many people are out of work. The former edd director says some very significant action needed to be taken. And i think there is reason to say this new approach with the Identity Verification that at least is claimed to be able to reduce the manual claims which are holding up the process from a 40 to 10 . Reporter with maidla proces which led to that bottleneck here it will still take months to catch up. Part of the statement reads, i am concerned this i
University, so you dont learn all the tough lessons of trading the hard way. President trump pushing republicans to do a bigger stimulus pack on toe help struggling families to help boost the economy. Will lawmakers listen . I will ask senator kevin cramer coming up. All that and much more own making money. Charles oops, it happened again. Yesterday the market surged as the Federal Reserve wrapped up. From would be whether wobbly to fullblown swoon. In this is not the first time it played out. When there are more winners than losers, happies because of the waiting system but it often triggers more selling and cause investors to sit on their hands. How do you buy stocks when the overall market is down but not really down . Ipo mania. Everyone is asking is it sucking some of the oxygen out of the rest of the market . The singlefamily housing boom, does it continue or too late to leverage your portfolio to this phenomena. We have a lot to cover. I want to bring in jared levy, paul schatz