Talked about the rollout of the cares act saint the house and senate are both considering an extension of the eight week time frame for dispersing loans as part of the paycheck protection program. My first guest is democratic senator ben cardin, ringing member of the Senate Small Business and entrepreneurship committee. Our conversation will focus on a singular question, what should america social with workers and businesses be . Senator, great to see it. I know you have had a busy day. Let me just start, we had secretary mnuchin on this morning and we asked him about the ppp, Small Businesses and having oversight into how it is working. He said look, we will get to that discussion later and there is proprietary information that is involved but he gave no headway into what you have been working on it which to get more data and more transparency frankly into that program. What is the state of play as we talk right now . Well, millions of loans have been given out under the ppp program a
Senator, great to see it. I know you have had a busy day. Let me just start, we had secretary mnuchin on this morning and we asked him about the ppp, Small Businesses and having oversight into how it is working. He said look, we will get to that discussion later and there is proprietary information that is involved but he gave no headway into what you have been working on it which to get more data and more transparency frankly into that program. What is the state of play as we talk right now . Well, millions of loans have been given out under the ppp program and still have about one and a billion dollars of leeway with ppp loans. The sba and treasury brought this program up as a new program rather quickly and there certainly have been pains in its growth and things that need to be corrected and fixed but the most important thing right now is to get the data to understand how the program is working and then we have to have transparency to make sure that all Small Businesses have opportu
Sen. Cardin well, millions of loans have been given out under the ppp program and still have about one and a billion dollars of leeway with ppp loans. The sba and treasury brought this program up as a new program rather quickly and there certainly have been pains in its growth and things that need to be corrected and fixed but the most important thing right now is to get the data to understand how the program is working and then we have to have transparency to make sure that all Small Businesses have opportunities, including those that are traditionally underserved and under banked. Thats our priority, and we are working on dealing with one notable problem with ppp programs and that is the eight weeks set in the time period and it presents certain challenges because we thought the economy would be performing better than it is. We are all in agreement that we have to give some flexibility on that eight week time period. What have we not gotten right either in the first round of supporti
About 7 hours to disport little beat Manchester United 16 points clear at the top of the premier league but the slip up for title chasing interval and italy out to a draw by struggle. We begin in berlin where libyas warring sides and World Leaders have agreed on a final communique the u. N. Backed peace conference it was announced by the german chancellor Angela Merkel she hosted 12 World Leaders including the president s of Turkey Russia and the u. K. They agreed to extend the temporary truce in libya in the hope that it will develop into a full ceasefire Angela Merkel emphasize the need for a political solution to end years of conflict. Everyone with an agreement including the regional organizations the arab league the e. U. And of course the African Union that we need a political solution its become evident in the last few weeks that there is no chance for a military solution which could only increase the suffering of the libyan people. Parties to engage in libya known to live in a
Food security at risk. So that libyas warring sides and World Leaders have agreed to help secure a fragile truce in the hope it will develop into a full ceasefire at a summit in germany they also committed to ending all foreign meddling in the conflict and to uphold a weapon zimbabwe. Has more now from berlin. It was the most important gathering to an conflict in many years but from the start german chancellor Angela Merkel was struggling to narrow differences between libyas rivals Prime Minister of the typically based government of National Accord phases with used to sit down with warlords. Leaving merkel shuttling back and forth. To convince beige powers to help secure a permanent cease fire and stop the flow of arms into the war torn country. Not only in their. Everyone with in agreement including the regional organizations the arab league a un of course the African Union that we need a political solution its become evident in the last few weeks that there is no chance for a militar