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WASHINGTON, D.C. – Tuesday is the last day for small businesses to apply for a loan through the Paycheck Protection Program.About 4.8 million businesses received a PPP loan, with a total of 9 billion lent out. But as of Tuesday, there's still more than 0 billion left in the pot.As to why that is, the Small Business and Entrepreneurship Council says there's a few reasons, like concerns over how much would actually be forgiven, constantly changing rules, and strict limits to how the money can be used.“Not all businesses are the same. So, you know you've got businesses with high overhead, maybe few on payroll,” said Karen Kerrigan, President and CEO of the SBE Council. “This program really didn't align with their needs.”Business owners and advocacy groups complain that the money in the PPP was not fully put to work because it created obstacles that stopped countless small businesses from applying.A report from a research group says the program’s shortcomings also made it more difficult for minority businesses to get loans.The owners of a Colorado brewery who got a PPP loan say it helped, but only goes so far."It didn't solve the problems. What it did was sustain us for a few more months."The SBE Council is working with lawmakers on both sides of the aisle for further policy solutions. They're pushing to broaden what expenses can be forgiven, especially when it comes to technology.Through a survey, the group found 87% of small businesses said they wouldn't have been able to survive without cloud-based services.“We know that consumers are on social media and technology platforms looking for new businesses, looking for new brands, looking for new things that they need, and that's where small businesses can really fill that gap,” said Kerrigan.The Small Business Administration says it will be up to Congress to decide what to do with leftover funds from the PPP. 1900

WASHINGTON, D.C. – The Federal Trade Commission (FTC) and a coalition of 48 attorneys general have filed lawsuits against Facebook, accusing the company of illegally stifling its competition to protect its “monopoly power.”The lawsuits allege that Facebook illegally acquired competitors in a predatory manner and cut services to smaller threats, depriving users from the benefits of competition and reducing privacy protections along the way. They claim Facebook took these actions to boost its bottom line through increased advertising revenue.The FTC says it's seeking a permanent injunction in federal court that could require divestitures of assets, including Instagram and WhatsApp. It could also prohibit Facebook from imposing anticompetitive conditions on software developers and require the company to seek prior notice and approval for future mergers and acquisitions.New York Attorney General Letitia James is leading the bipartisan coalition, which includes attorneys general from 46 states, Washington D.C. and Guam. Their goal is to “stop Facebook’s anticompetitive conduct,” according James.“Today, we are taking action to stand up for the millions of consumers and many small businesses that have been harmed by Facebook’s illegal behavior,” said James in a statement. “Instead of competing on the merits, Facebook used its power to suppress competition so it could take advantage of users and make billions by converting personal data into a cash cow.”The coalition's lawsuit claims Facebook employs a variety of methods to impede competing services and “build a competitive moat” around the company. The plaintiffs claim the two most utilized strategies have been to acquire smaller rivals and potential rivals before they can threaten Facebook’s dominance, as well as suffocating and squashing third-party developers that Facebook invited to utilize its platform.The attorneys general use Facebook’s purchases of Instagram and WhatsApp as examples. They claim Facebook saw Instagram as a direct threat quickly after the company launched, so they acquired it for billion in 2012. The company then bought WhatsApp for billion in 2014.The coalition of AGs is asking the U.S. District Court for the District of Columbia to halt Facebook’s “illegal, anticompetitive conduct” and block the company from continuing this behavior in the future.Additionally, the collation is asking the court to restrain Facebook from making further acquisitions valued at million or more without advance notice to the states.Finally, they’re asking the court to provide any additional relief it determines is appropriate, including the divestiture or restructuring of illegally acquired companies, or current Facebook assets or business lines.Responding to the lawsuits, Facebook released this statement on Twitter: 2831

WASHINGTON (AP) — The George Washington University history professor who confessed to posing as a Black woman for her entire career has resigned. The university announced on Twitter that Jessica Krug, "has resigned her position, effective immediately." "Update regarding Jessica Krug: Dr. Krug has resigned her position, effective immediately," the university tweeted. "Her classes for this semester will be taught by other faculty members, and students in those courses will receive additional information this week." 526

WASHINGTON, D.C. – Joe Biden painted a very different picture of the COVID-19 pandemic than President Donald Trump during his first briefing as the nation's president-elect on Monday. "We are still facing a very dark winter," Biden said after a briefing with his advisers in Delaware. Biden announced a new COVID-19 advisory board. The group will be co-chaired by Dr. David Kessler, a former Food and Drug Administration commissioner; Dr. Vivek Murthy, a former surgeon general of the United States; and Dr. Marcella Nunez-Smith, a public health professor at Yale University. "Please wear a mask," Biden implored those watching. WHAT WOULD CHANGE UNDER BIDEN When President-elect Biden takes office, more than just "presidential tone" will change. "They are going to allow the evidence to be back in the driver seat," said Dr. Jon Andrus, an adjunct professor of global health at The George Washington University. Some of the potential changes include: a national mask mandate, more guidance to governors and mayors, increased reliance on international health groups, and more testing and contact tracing. "Lessons learned from many countries, such as those in southeast Asia, show aggressive testing and contracting tracing works," Andrus said. Biden's statement to the media came on the same day Pfizer released promising news about a potential vaccine, saying it 90% effective in some of their trials. 1413

WASHINGTON, D.C. – A powerful memorial in Washington D.C. honored the more than 210,000 Americans who have lost their lives to COVID-19.The group COVID Survivors for Change organized the memorial, which featured 20,000 empty chairs on the lawn across from the White House. Each seat represented less than a tenth of those killed by the coronavirus in the U.S.The founder of the group, Chris Kocher, told CNN that organizers wanted to bring attention to the sheer size of the loss six months into the pandemic and highlight the country’s “lack of acknowledgment.”The event was held on Sunday, which the group declared a National Day of Remembrance.During the event, attendees listened to stories of people who have lost loved ones to the coronavirus. Grammy Award-winner and former U.S. Ambassador for Health Dionne Warwick hosted.“The loss of lives has grown daily, leaving us all directly or indirectly affected by this disease,” Warwick said. “It takes all of us to raise our voices — we know we can’t always rely on the folks in charge to hear us unless we say it loudly and clearly.”Organizers and speakers hope the event encourages lawmakers to develop a national plan for safety and recovery, CBS News reports.The event was organized before President Donald Trump was diagnosed with COVID-19 himself. He and several others have tested positive after attending the announcement ceremony for Supreme Court nominee Amy Coney Barrett. 1444