White House Request for $10B in COVID Aid Remains Stalled

While President Biden this week marked the milestone of 1 million deaths from COVID in the U.S., a fresh round of funding to boost the availability of tests, therapeutics and vaccines remains stalled in Congress. Consensus on a $10 billion COVID aid package briefly emerged earlier this spring, but to break a logjam in the… Read more »

SBA Extends Deferment for EIDL Loan Payments

The Small Business Administration (SBA) this week extended the deferment period for COVID-19 Economic Injury Disaster Loan (EIDL) borrowers to 30 months from when the loan was first approved. The EIDL program has provided nearly four million small businesses and nonprofit organizations more than $350 billion in emergency funding during the pandemic. EIDL loans can… Read more »

Lawmakers Float New COVID Aid for Businesses

Lawmakers are in early discussions about another round of COVID-19 stimulus spending to benefit service-oriented businesses like restaurants and gyms that are facing hardship now as the omicron variant continues to disrupt the economy. Sen. Ben Cardin (D-MD), who chairs the Senate Small Business Committee, is reportedly working with Sen. Roger Wicker (R-MS) to craft… Read more »