GoDaddy CEO: The second round of PPP loans will help the smallest businesses. But more needs to be done
CNN
When the federal government announced the Payroll Protection Program a few months after the pandemic began in 2020, many microbusiness owners -- those with just one to 10 employees -- assumed they'd have little problem securing one of the interest-free loans. Many of them were disappointed.
In fact, nearly 79% of the PPP funds distributed were for loans greater than $100,000, and more than one-third of those loans were for between $1 and $5 million or greater -- much larger than a typical microbusiness owner needed to survive. One of the biggest hurdles microbusinesses faced in getting loans approved was connecting with the traditional big banks that did most of the lending.
A Florida man was arrested Wednesday and charged in a plot to bomb the New York Stock Exchange this week, according to the FBI.
The Senate on Wednesday voted down an effort led by Vermont independent Sen. Bernie Sanders to block a series of planned US weapons sales to Israel.
Republicans on the House Ethics Committee fell in line behind GOP leaders and voted not to release the results of their investigation into Donald Trump’s attorney general pick, Matt Gaetz, despite growing calls from the Senate GOP to make the findings public ahead of his confirmation hearing.
Senate Democrats have confirmed some of President Joe Biden’s picks for the federal bench this week in the face of President-elect Donald Trump’s calls for a total GOP blockade of judicial nominations – in part because several Republicans involved with the Trump transition process have been missing votes.
A former University of Virginia student pleaded guilty Wednesday to fatally shooting three football players and wounding two other students on the Charlottesville campus in 2022.
Donald Trump is considering a right-wing media personality and people who have served on his US Secret Service detail to run the agency that has been plagued by its failure to preempt two alleged assassination attempts on Trump this summer, sources familiar with the president-elect’s thinking tell CNN.
The United States has vetoed a UN Security Council resolution that called for an immediate, unconditional and permanent ceasefire in Gaza, on the grounds it would not have secured the release of hostages.
A Democratic election official in Pennsylvania offered an impassioned apology Wednesday for claiming “precedent by a court doesn’t matter anymore in this country” to justify counting about 600 faulty ballots in defiance of state Supreme Court rulings.
On one side of the Capitol, Republican Rep. Nancy Mace vowed to “stand in the way” of Democratic Rep.-elect Sarah McBride, the first out transgender woman elected to Congress, using women’s bathrooms in the US Capitol.
President-elect Donald Trump has chosen Matthew Whitaker, who served as acting attorney general during Trump’s first term, as his pick to be US ambassador to NATO.
Police in Peru have arrested a man caught trying to leave the country with 320 tarantulas, 110 centipedes and nine bullet ants strapped to his body.