The White House and key lawmakers want to allocate $4.5 billion for smaller 7(a) loans that would be made by the Small Business Administration. The financial services industry says the government should collaborate with the private sector rather than compete with it.
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BIDEN TOUTS RESTAURANT AID PROGRAM: President
Joe Biden visited a Mexican restaurant in Washington today that was a beneficiary of the pilot program for the industry’s $28.6 relief fund and announced that more than
186,000 restaurants, bars and other eligible businesses had submitted applications in the two days since the Small Business Administration had opened up the process.
Cruz hires Trump campaign press aide as communications director thehill.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehill.com Daily Mail and Mail on Sunday newspapers.
One of the biggest challenges for Cruz in an upcoming presidential election would be how to energize Trump voters while also appealing to a more traditional base of the GOP.
Report: Senator Ted Cruz got $35 million for billionaire fracking donors in last COVID-19 relief aid
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Featured image: Senator Ted CruzStefani Reynolds / Bloomberg
Just as President Donald Trump criticizes pork in the current COVID-19 relief package, The Wall Street Journal reports that Senator Ted Cruz helped tweak the aid program to get $35 million for Texas billionaire fracking brothers in the last COVID-19 relief package.
The brothers, Dan and Farris Wilks have been prominent, longtime contributors of Ted Cruz.
Increase payments to the people, get rid of the “pork”. https://t.co/jq82qFIyUs Donald J. Trump (@realDonaldTrump) December 27, 2020
ProFrac Holdings owned by the Wilks brothers applied for the loan and received the pandemic aid for $35 million, just as the company was going on a shopping spree, buying small oil and gas companies, The Wall Street Journals Ted Mann and Brody Mullins reports. A critical factor in the loan application was Cruz