| The new $900 billion stimulus and you |
| | Good morning,
A new round of Covid stimulus funding has been a long time in the making. Now, it’s finally here--but a surprise rejection from President Trump is casting doubt on whether it will become law.
On Monday night, Congress approved a new Covid-19 relief package, which included the authorization of $900 billion in new aid for small-business owners struggling amid soaring infection rates and renewed, government-mandated closures. It was part of a $1.4 trillion omnibus spending bill, which passed both the U.S. House and the Senate with broad bipartisan support and would fund the federal government through the end of September. But late Tuesday night, Trump tweeted a video calling the bill “a disgrace” and stating he’d send it back to Congress.
The bill’s most notable initiative for small-business owners: an extension and expansion of forgivable loans from the Paycheck Protection Program, which would get $284.5 billion of the funding. That part of the bill is still likely to eventually become law, as Trump’s main disagreement appears to stem from $600 stimulus checks allocated for most Americans--but the timeline is unclear.
If that happens, the new law will allow a second draw for businesses with fewer than 300 employees that already received a PPP loan--and have continued to experience financial hardship since. It will also open the doors for certain nonprofits to receive PPP loans, along with entities such as tourism boards, housing cooperatives, newspapers, and radio stations.
And the new loans could also be more easily forgiven. The slate of forgivable expenses will broaden to include software, cloud computing, human resources and accounting needs, personal protective equipment, and supplier costs like logistics expenses and product materials.
Read our story to learn how the drama is unfolding in Washington, and check out our bonus coverage to see where the rest of that $900 billion will eventually go, once the legislation gets resolved. |
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Sickr posted: " The illuminerdi website is reporting this morning that Knuckles will be co-starring in the next Sonic movie presumably titled Sonic the Hedgehog Movie 2. The website's sources say that Knuckles will have a relevant role in the movie scheduled for rel" The illuminerdi website is reporting this morning that Knuckles will be co-starring in the next Sonic movie presumably titled Sonic the Hedgehog Movie 2. The website's sources say that Knuckles will have a relevant role in the movie scheduled for release on 8th April, 2022. So he won't just have a simple cameo role as […] Read more of this post
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nintenmau5 posted: " For those of you who are wanting to check out your Nintendo Switch play statistics for 2020, Nintendo has you covered. Your Nintendo Switch Year in Review calculations can be processed over on the official website here. Just sign in and it'll do the " For those of you who are wanting to check out your Nintendo Switch play statistics for 2020, Nintendo has you covered. Your Nintendo Switch Year in Review calculations can be processed over on the official website here. Just sign in and it'll do the rest. You can check out things like your most-played game, total […] Read more of this post
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Sickr posted: " Shin Megami Tensei III: Nocturne HD Remaster, for the Nintendo Switch is available right now in Japan. Today, Atlus has released software Version 1.02 which brings with it the intriguing options of Skill Shuffle and Skill Inheritance to demon fusion." Shin Megami Tensei III: Nocturne HD Remaster, for the Nintendo Switch is available right now in Japan. Today, Atlus has released software Version 1.02 which brings with it the intriguing options of Skill Shuffle and Skill Inheritance to demon fusion. Atlus previously announced that Shin Megami Tensei III: Nocturne HD Remaster will launch in spring […] Read more of this post
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Sickr posted: " The latest issue of Weekly Famitsu is now available in Japan and this week's edition only contains one single review. The review is for Akita Oga Mystery Guide: The Frozen Silverbell Flower which is published by Flyhigh Works and developed by Happyme" The latest issue of Weekly Famitsu is now available in Japan and this week's edition only contains one single review. The review is for Akita Oga Mystery Guide: The Frozen Silverbell Flower which is published by Flyhigh Works and developed by Happymeal. It is a detective game and sees players investigate a case of serial […] Read more of this post
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ssf1991 posted: " 5 days have now passed since the Super Smash Bros. Ultimate Sephiroth presentation. You may recall that the character had been slated for a release of December 22nd, which is tonight. You may also recall that players could unlock Sephiroth early with" 5 days have now passed since the Super Smash Bros. Ultimate Sephiroth presentation. You may recall that the character had been slated for a release of December 22nd, which is tonight. You may also recall that players could unlock Sephiroth early with the Sephiroth's Challenge mode, allowing you to play as him and even do […] Read more of this post
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