Report: Influential D.C. Firm with Major Biden Ties Explores Sale
Anna Moneymaker/Getty Images
2 Jul 2021
Precision Strategies, a very well-connected and powerful firm with Democrat leanings, is potentially looking to sell as they are in preliminary talks with potential buyers, according to reports.
The firm was originally co-founded in 2013 by Jen O’Malley Dillon, President Joe Biden’s deputy chief of staff, and Stephanie Cutter, who was a top adviser for Building Back Together, a Biden sanctioned group. They were also joined by Teddy Goff, who is an alumnus of former President Barack Obama’s reelection campaign.
Politico reported that according to a person familiar with the events, there were recent talks to sell the company since the firm’s profile has “risen following Biden’s victory.”
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WASHINGTON The Biden administration has ended a federal program that provided aid for restaurants hurt financially during the COVID-19 pandemic after high demand depleted funds, leaving more than two-thirds of applicants without assistance.
Restaurant leaders are pushing for additional money to keep the program afloat but it s unclear whether Congress will act. The White House would not commit Friday to supporting legislation to replenish funds.
The U.S. Small Business Administration announced the closure of the Restaurant Revitalization Fund after exhausting $28.6 billion in funding allocated in President Joe Biden s $1.9 trillion American Rescue Plan. The program provided grants for more than 105,000 restaurants – less than one-third of the 370,000 restaurants that applied since the SBA started accepting applications May 3. Applications totaled $72 billion in requests.
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WHY LAND O’LAKES IS LOBBYING ON BROADBAND ACCESS: When most Americans hear the name
Land O’Lakes, they think butter, not broadband. But the dairy co-op is getting into the connectivity game, or at least using its company resources to expand access in the communities where its employees work. The company back in April retained the lobbying help of a team at
As the Pacific Northwest heats up, restaurants are grappling with a new wave of challenges kaok.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kaok.com Daily Mail and Mail on Sunday newspapers.
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SBA TO SHUTTER RESTAURANT RELIEF FUND: The Small Business Administration told restaurants Wednesday night that on July 14 it will shut down the portal for businesses to apply for pandemic relief through the Restaurant Revitalization Fund, after it failed to provide grants to more than two-thirds of applicants for the aid.