The federal government should weigh forgiving all “small” loans provided under the Paycheck Protection Program during the coronavirus pandemic, U.S. Treasury Secretary Steven Mnuchin said.
“We should consider forgiving all small loans, but would need fraud protection,” Mnuchin told the House Small Business Committee on Friday.
kAm%96 8@G6C?>6?E 92D 2AAC@G65 >@C6 E92? c]h >:==:@? !!! =@2?D E@E2=:?8 Sd`g]` 3:==:@?[ 2D @7 %9FCD52J ?:89E] |?F49:? 5:5?’E DA64:7J H92E 96 4@?D:56CD 2 “D>2==” =@2? E92E 4@F=5 36 7@C8:G6?[ 2?5 D2:5 E92E “D@>6 =6G6= @7 C6A@CE:?8 :? 2 D:>A=6 H2J :D :>A@CE2?E]”k^Am
kAm$F886DE:?8 62D:6C CF=6D 7@C !!! @?=J E@F4965 @? E96 =2C86C :DDF6D 4@?7C@?E:?8 E96 %CF>A 25>:?:DEC2E:@? 2?5 r@?8C6DD 2D E96 DFC86 :? r@G:5\`h :?764E:@?D E9C62E6?D E@ 4C:AA=6 E96 ?2D46?E &]$] 64@?@>:4 C63@F?5] %96 FAE:4< :? ;@3 8C@HE9 D:?46 E96 H@CDE @7 E96 =@4<5@H? 9:?86D @? EC:==:@?D @7 5@==2CD :? G2C:@FD DE:>F=FD AC@8C2>D E92E 2C6 5F6 E@ 6IA:C6 :? E96 4@>:?8 H66<D] &]$] 4@?DF>6C D6?E:>6?E EFC?65 >F49 >@C6 A6DD:>:DE:4 E9:D >@?E9[ H:A:?8 @FE E96 3@@DE 7C@> 3FD:?6DD6D C6@A6?:?8]k^Am
kAm!C6D:56?E s@?2=5 %CF>A =2:5 5@H? @?6 >2C<6C @? %9FCD52J 7@C 2 ?6H C6=:67 A24<286[ D2J:?8 :E >FDE 4@?E2:? 2 4FE :? E96 &]$] A2JC@== E2I] qFE s6>@4C2ED AC@>AE=J D9@E E92E 5@H? 2?5 D@>6 #6AF3=:42?D 2C6 2=D@ H2CJ[ C2:D:?8 E96 AC@DA64E @7 2 4@?E6?E:@FD ?68@E:2E:@?] $6?2E6 |:?@C:EJ {6256C r92C=6D $49F>6C D2:5 uC:52J E92E #6AF3=:42?D ?66565 E@ DE2CE ?68@E:2E:?8 @? 2?@E96C C@F?5 @7 2:5]k^Am
kAm|?F49:?’D :?E6C6DE :? 7@C8:G:?8 !!! =@2?D 4@>6D 27E6C 2 4@2=:E:@? @7 2=>@DE `d_ 8C@FAD D6?E 2 =6EE6C E@ =68:D=2E:G6 =6256CD 42==:?8 7@C 2== !!! =@2?D @7 =6DD E92? S`d_[___ — 23@FE gfT @7 2== =@2?D 2AAC@G65 E9C@F89 yF?6 b_ — E@ 2FE@>2E:42==J 364@>6 8C2?ED[ :?DE625 @7 C6BF:C:?8 E9@D6 @H?6CD E@ 4@>A=6E6 E96 4@>A=:42E65 =@2?\7@C8:G6?6DD AC@46DD]k^Am
kAm%96 !!! 2==@HD =@2?D @7 2D >F49 2D S`_ >:==:@?[ H9:49 42? 364@>6 8C2?ED :7 3@CC@H6CD DA6?5 >@DE @7 E96 AC@4665D @? A2JC@== 4@DED] #64:A:6?ED 2AA=J E@ 92G6 =@2?D 7@C8:G6?[ 2?5 >FDE D9@H E96J >2:?E2:?65 9625 4@F?E 2?5 D2=2C:6D[ @C E96 2>@F?E 7@C8:G6? :D C65F465]k^Am
kAm$>2==\3FD:?6DD 25G@42E6D 92G6 4@>A=2:?65 E96 2AA=:42E:@? :D E@@ =@?8 2?5 E96 AC@46DD E@@ 4@>A=:42E65[ 6DA64:2==J 7@C E96 D>2==6DE 3FD:?6DD6D — 6G6? 27E6C E96 $>2== qFD:?6DD p5>:?:DEC2E:@? 2?5 %C62DFCJ s6A2CE>6?E[ H9:49 ;@:?E=J CF? !!![ C6=62D65 2? “t+” 7@C> 7@C D@>6 3@CC@H6CD]k^Am
kAm%96C6 H2D >@C6 E92? S`ba 3:==:@? :? C6>2:?:?8 !!! 7F?5D 2D @7 yF=J `_] |?F49:? D2:5 96 DFAA@CED 2 D64@?5 C@F?5 @7 !!! E@ 2==@H 7:C>D E@ 2AA=J 7@C 2 D64@?5 =@2?[ 255:?8 E92E E96 C6=:67 D9@F=5 36 E2C86E65[ 32D65 @? C6G6?F6 =@DD 2?5 D:K6 @7 3FD:?6DD]k^Am
kAm“(6 92G6 4@>A=6E6 28C66>6?E E96C6 D9@F=5 36 2 D64@?5 4964< 2G2:=23=6 E@ E96 3FD:?6DD6D E92E 2C6 92C56DE 9:E[ 2?5 E96C6 D9@F=5 36 C6BF:C6>6?ED 2C@F?5 E92E[” |?F49:? E@=5 E96 4@>>:EE66] w6 D:?8=65 @FE C6DE2FC2?ED[ 9@E6=D 2?5 @E96C EC2G6= 2?5 9@DA:E2=:EJ 3FD:?6DD6D 2D ?665:?8 >@C6 96=A]k^Am
kAmp=D@ uC:52J[ 7@C>6C u656C2= #6D6CG6 r92:C y2?6E *6==6? E@=5 2 D6A2C2E6 w@FD6 A2?6= E92E D96’D “EC6>6?5@FD=J 4@?46C?65” 23@FE r@?8C6DD 2==@H:?8 6IE6?565 7656C2= F?6>A=@J>6?E :?DFC2?46 36?67:ED E@ =2AD6[ =625:?8 E@ 2 “42E2DEC@A96” 7@C E96 64@?@>J]k^Am
kAm“(6 ?665 E96 DA6?5:?8 E92E E9@D6 F?6>A=@J65 H@C<6CD 42? 5@] (:E9@FE :E[ H6 4@F=5 D66 >@C6 H62<?6DD 2D E96:C DA6?5:?8 4@?EC24ED[” *6==6? D2:5 2E 2 w@FD6 $6=64E $F34@>>:EE66 @? E96 r@C@?2G:CFD rC:D:D 962C:?8] %96C6 H@F=5 36 H62<?6DD E9C@F89@FE E96 64@?@>J H:E9@FE :E[ D96 D2:5[ F?56C=:?:?8 E92E =@H\:?4@>6 H@C<6CD 92G6 2 9:89 AC@A6?D:EJ E@ DA6?5 E96 >@?6J]k^Am
kAm|62?H9:=6[ 4@?D6CG2E:G6 8C@FAD DE6AA65 FA 2 42>A2:8? E@ A6CDF256 r@?8C6DD 2?5 E96 (9:E6 w@FD6 E92E E96 ?6IE DE:>F=FD >62DFC6 D9@F=5?’E :?4=F56 2?J 6IE6?D:@? @7 E96 F?6>A=@J>6?E 36?67:ED]k^Am
kAmp=7C65@ ~CE:K[ 9625 @7 E96 4@?D6CG2E:G6 y@3 rC62E@CD }6EH@C<[ D2:5 9:D 8C@FA :D :?DE625 D66<:?8 324<\E@\H@C< 3@?FD6D 7@C 6>A=@J6CD 2?5 6>A=@J66D 2?5 2 E2C86E65 A2JC@== E2I 9@=:52J[ 2:>65 2E D>2==6C 3FD:?6DD6D] p?@E96C 4@?D6CG2E:G6 8C@FA[ r@>>:EE66 E@ &?=62D9 !C@DA6C:EJ[ 7@F?565 3J $E6G6 u@C36D[ $E6A96? |@@C6 2?5 pCE {2776C[ D2:5 :? 2? 6>2:= E@ DFAA@CE6CD E92E ?@ DE:>F=FD 562= :D “up# AC676C23=6 E@ E9:D 64@?@>:4 4J2?:56 A:==[” C676CC:?8 E@ 2? 6IE6?D:@? @7 F?6>A=@J>6?E 36?67:ED] %96J’C6 AC6A2C:?8 2 D:>:=2C =6EE6C E@ D6?5 E@ E96 (9:E6 w@FD6]k^Am
kAmpE E96 962C:?8[ |?F49:? 2?5 $qp p5>:?:DEC2E@C y@G:E2 r2CC2?K2 H6C6 2D<65 23@FE 6CC@CD :? E96 !!! =@2? 52E2 C6=62D65 yF=J e 2?5 E96 324<=2D9 7@C 5@=:?8 @FE >:==:@?D @7 5@==2CD E@ 3:8\?2>6 =2H 7:C>D[ (2== $EC66E >2?286CD 2?5 4@>A2?:6D H:E9 E:6D E@ %CF>A 2?5 @E96C A@=:E:4:2?D] |?F49:? D2:5 H9:=6 C6DEC:4E:@?D H6C6 A=2465 @? @E96C DE:>F=FD AC@8C2>D[ r@?8C6DD 5:5 ?@E =:>:E !!! =@2?D]k^Am
kAmr2CC2?K2 C6:E6C2E65 E92E !!! =@2?D H:== 36 C6G:6H65 367@C6 E96J 2C6 2AAC@G65 7@C 7@C8:G6?6DD — E96 25>:?:DEC2E:@? 92D 2=C625J D2:5 2== =@2?D @7 >@C6 E92? Sa >:==:@? H:== 36 C6G:6H65 — 2?5 D96 6?4@FC2865 3FD:?6DD6D @C =6?56CD H9@ E9:?< E96:C C6A@CE65 :?7@C>2E:@? :D :?244FC2E6 E@ 4@?E24E E96 286?4J E@ 92G6 :E 4@CC64E65]k^Am
kAm$>2== qFD:?6DD r@>>:EE66 r92:CH@>2? }J5:2 '6=2KBF6K 2?5 @E96C =2H>2<6CD AC6DD65 r2CC2?K2 E@ =:7E 2 S`d_[___ 42A @? =@2?D 7@C 2 D6A2C2E6 t4@?@>:4 x?;FCJ s:D2DE6C {@2? AC@8C2>[ 3FE D96 D2:5 E96 2G6C286 =@2?D 2C6 D>2== 2?5 E96C6 2C6 DE:== >:==:@?D @7 2AA=:42E:@?D E@ AC@46DD H:E9 E96 C6>2:?:?8 7F?5:?8]k^Am
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.