Small Business

Fed eases limit on Wells Fargo to make more small biz loans
Apr 8, 2020

Fed eases limit on Wells Fargo to make more small biz loans

The Federal Reserve is lifting its lending restrictions on Wells Fargo after some of the bank’s thousands of small business customers were shut out of a program that’s supposed to throw them a financial lifeline


Trump seeks $250 billion for payrolls in virus aid showdown
Apr 7, 2020

Trump seeks $250 billion for payrolls in virus aid showdown

Congress is racing to craft the next coronavirus rescue package, but President Donald Trump’s sudden request Tuesday to pump $250 billion more into a just-launched payroll program for small businesses has set up a new showdown over aid


Trump seeks $250 billion more from Congress for payrolls
Apr 7, 2020

Trump seeks $250 billion more from Congress for payrolls

Congress is racing to craft the next coronavirus rescue package, but President Donald Trump’s sudden request Tuesday to pump $250 billion more into a just-launched payroll program for small businesses may hit roadblocks


Computer issues at SBA said to hold up small business loans
Apr 7, 2020

Computer issues at SBA said to hold up small business loans

Small business owners hoping for quick help from the government’s emergency $349 billion lending program were still waiting amid reports of computer problems at the Small Business Administration



Mnuchin: additional $250 billion sought for small businesses
Apr 7, 2020

Mnuchin: additional $250 billion sought for small businesses

Treasury Secretary Steven Mnuchin says the Trump administsration will seek an additional $250 billion to support a program designed to bolster small businesses to keep them from laying off workers


McConnell sets Senate showdown on virus aid payroll rescue
Apr 7, 2020

McConnell sets Senate showdown on virus aid payroll rescue

Senate Majority Leader Mitch McConnell said Tuesday he will attempt to swiftly pass additional funding for small businesses to keep making payroll during the coronavirus crisis


Schumer proposes $25,000 "heroes" pay for frontline workers
Apr 7, 2020

Schumer proposes $25,000 "heroes" pay for frontline workers

Senate Democratic Leader Chuck Schumer is calling for up to $25,000 “heroes” pay for frontline health care and service industry workers as Congress pushes ahead with a new coronavirus crisis rescue package


Small biz rescue off to slow start; some banks not ready
Apr 3, 2020

Small biz rescue off to slow start; some banks not ready

The federal government’s relief program for small businesses is off to a slow start, with few businesses able to apply and some big banks saying they’re not ready to process applications


Small biz rescue off to spotty start; some banks not ready
Apr 3, 2020

Small biz rescue off to spotty start; some banks not ready

The federal government’s relief program for small businesses is off to a bumpy start, with few businesses able to apply and some big banks saying they’re not ready to process applications



The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.