A growing number of lawmakers are blasting Treasury Secretary Steven Mnuchin’s surprising decision to withhold the identities of businesses that took more than $500 billion in government-guaranteed PPP loans
San Francisco Fed President Mary Daly delivers an address and takes questions as part of the National Press Club’s Virtual Newsmaker series at 12:30 p.m. …— Powell testifies before Senate Banking Tuesday at 10 a.m. and before House Financial Services Wednesday at 10 a.m. … The FDIC releases its quarterly banking profile Tuesday at 11 a.m.
“Navarro said the White House would also like to see a ‘critical’ payroll tax cut and a focus on bringing manufacturing jobs back to the U.S. in any further relief bill.” “As an alternative to the $600-a-week stipend, Mr. Kudlow said the White House was weighing ‘a reform measure that will still provide some kind of bonus for returning to work.’ He didn’t provide details on that proposal but said it ‘won’t be quite as substantial’ as the current unemployment benefit.”— The SBA and Treasury Department announced a big revision to the rules for the Paycheck Protection Program to make it easier for business owners with past legal troubles to apply for aid.
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