Biden Plans to Aid Small Businesses
As Congress races the calendar to get a COVID relief package passed in the next three weeks, President Biden rolls out an effort to help small businesses through the Paycheck Protection Program. That comes as his nominee for Attorney General, Merrick Garland, begins his two-day confirmation hearing NBC's ALICE BARR reports from Washington, DC (home studio).
(NBC News) — President Biden held a press conference detailing a plan for rolling out a Paycheck Protection Program designed to help small businesses trying to stay afloat through the pandemic.
“A lot of these mom and pop businesses got muscled out of the way by bigger companies who jumped in front of the line,” Biden stated.
Only companies with *fewer than 20 employees can apply for the forgivable loans, and after controversy over who received earlier funding the President is promising strict oversight.
The President also hoping the Senate will act swiftly to confirm his cabinet nominees with only seven seats filled so far.
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