Republicans rip Biden administration for large food stamps increase: ‘Abusing its authority’

Special: Republican lawmakers lambasted the Biden administration on Wednesday in excess of its large food stuff-stamp growth, accusing the White Property of “abusing its authority” by unilaterally approving the premier everlasting raise to positive aspects in the program’s

Hospitality sector pushes SBA chief to increase Covid compact company personal loan system

With Daniel Lippman

HOSPITALITY TRADE Groups Press SBA FOR Expansion OF COVID Catastrophe Loans: A coalition of trade teams symbolizing various corners of the hospitality business pushed Tiny Company Administrator Isabella Guzman on Tuesday for a variety of expansions to an emergency financial loan software meant to assist compact businesses

Economic Injuries Disaster Bank loan Program: Supplemental Actions Desired to Increase Conversation with Applicants and Tackle Fraud Dangers

What GAO Discovered

Financial Harm Catastrophe Bank loan (EIDL) candidates and recipients diverse in conditions of organization measurement, decades in operation, and industry, primarily based on GAO’s investigation of Compact Enterprise Administration (SBA) details from March 2020 via February 2021:

  • Enterprise dimensions. A majority of EIDL applicants (about 81 p.c)