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The Senate on Wednesday passed legislation to make it easier for businesses struggling during the coronavirus pandemic to take advantage of a payroll subsidy program that’s been a central part of Washington’s response to the corresponding economic crisis.The Senate passed the bill by voice vote after a handful of GOP opponents gave way. The measure now heads to President Donald Trump for his expected signature.The legislation would give business owners more flexibility to use taxpayer subsidies for other costs and extend the lifespan of the program as the economy continues to struggle through record joblessness and a deep recession.It passed the House overwhelmingly last week on a 417-1 vote, but was briefly held up this week as Republican leaders sought to placate opponents such as Wisconsin GOP Sen. Ron Johnson.The legislation would lower an original requirement that at least 75% of Paycheck Protection Program money be used on payroll costs, reducing that threshold to 60% of the loan. It would also lengthen the period in which PPP money must be used — and still permit businesses to have their loans forgiven — from eight week to 24 weeks.Critics say the pending measure does nothing to ensure that businesses that don’t necessarily need PPP subsidies are ineligible, among other problems.“If we’re going to potentially authorize more spending, that program needs to be reformed,” Johnson told reporters. “My main problem with what the House did — and this is what’s in dispute — it basically reauthorized the program through Dec. 31, setting up a massive new infusion into the program without the reforms I think really need to be placed so that people who don’t need it don’t keep getting it. We don’t have an unlimited checkbook.”But the bill had strong support among both Republicans and Democrats and the backing of powerful business groups, which strengthened the hand of supporters like top Senate Democrat Chuck Schumer, who had failed earlier Wednesday in his own attempt to orchestrate passage. At that time it became clear Johnson’s resolve to block the bill was fading and Schumer and Majority Leader Mitch McConnell, R-Ky., reprised the effort only hours later.“The impact of this crisis is long lasting, and requires lenient terms. We have all heard from small businesses in our states ... that (PPP) needed some changes to make it work for so many small businesses that had been left out or rejected,” Schumer said.All told, Congress has approved 0 billion for the program in two installments. After an initial burst of loans emptied the program in just two weeks, demand for PPP funding has dwindled amid griping from some business sectors that there are too many restrictions in order to qualify to receive loan forgiveness. Businesses receiving PPP must also certify that they need it to keep operating, a requirement that makes some business owners cautious about applying.Johnson said Republicans are hoping to get top lawmakers to sign onto a nonbinding letter to the program’s overseers seeking to clarify some of the rules governing the program. He did not explain exactly what he’s seeking but said Republican lawmakers are close to agreement on the language of the proposed letter.As enacted in late March, the Paycheck Protection Program required businesses to spend their loan money within an eight-week window to get the loans forgiven — and effectively turned into outright grants. It also required that three-fourths of the money be spent on payroll as a means of keeping workers linked to their jobs. But small businesses said the rules were too inflexible, especially as the eight-week window to use the taxpayer subsidies is beginning to close for many businesses, many of which are still struggling to fully reopen.Restaurants in particular were upset that under the law were required to rehire their laid-off workers even though they were either closed or limited to takeout and delivery. Many other business owners feared that they would use up their loan money before being allowed to reopen, and then have to lay off employees again because their business wouldn’t bring in enough revenue to keep paying everyone.The new measure gives business owners 24 weeks to spend the federal aid — instead of eight as originally designed — and extends the program through the end of the year while also lengthening the the maturity date and deferral period of the loans.Republicans such as Small Business Committee Chairman Marco Rubio of Florida complained that the carefully negotiated bill contains a drafting error that could eliminate loan forgiveness entirely for companies who want to use less than 60% of the money for payroll costs. Under the original PPP legislation, passed in March as part of a massive, about trillion CARES Act, loan forgiveness was prorated according to how badly businesses missed the goal of using 75% to maintain payroll. 4918
The Trump administration on Monday said the entire Affordable Care Act should be struck down, in a dramatic reversal.In a filing with a federal appeals court, the Justice Department said it agreed with the ruling of a federal judge in Texas that invalidated the Obama-era health care law.In a letter Monday night, the administration said "it is not urging that any portion of the district court's judgment be reversed.""The Department of Justice has determined that the district court's comprehensive opinion came to the correct conclusion and will support it on appeal," said Kerri Kupec, spokesperson for the Justice Department.It's a major shift for the Justice Department from when Jeff Sessions was attorney general. At the time, the administration argued that the community rating rule and the guaranteed issue requirement -- protections for people with pre-existing conditions -- could not be defended but the rest of the law could stand.After the Justice Department took that position, federal District Judge Reed O'Connor struck down the entire law and the case is currently before a federal appeals court.The Trump administration would not defend the law in court so a coalition of 21 Democratic states led by California stepped in."This lawsuit is as dangerous as it is reckless. It threatens the healthcare of tens of millions of Americans across the country -- from California to Kentucky and all the way to Maine," said California Attorney General Xavier Becerra in a statement. "The Affordable Care Act is an integral part of our healthcare system. ... Because no American should fear losing healthcare, we will defend the ACA every step of the way." 1677
Time to check your freezers and make sure you don't have the latest product that is being recalled.Blue Bell Creameries issued a voluntary recall for half gallons of their 'Butter Crunch Ice Cream' due to the possibility of a foreign object in the product, the 273
They're baaaack.Wendy's announced it was bringing back spicy chicken nuggets in May, and now the fast food company has set a date. People can get their hands on the little nuggets of heaven beginning August 19, according to a not-so-cryptic tweet from the eatery's Twitter account.The journey to get spicy chicken nuggets back on the menu has been an interesting one, featuring social media pleas, a celebrity and a weird deal.Chance The Rapper tweeted May 4, "Positive Affirmations for today: I WILL have a good day, I Will succeed today, Wendy's WILL bring back spicy nuggets at some point please please Lord let it be today." 640
The US Centers for Disease Control and Prevention is telling doctors to be on the lookout for a polio-like illness that tends to peak in the late summer and early fall, shedding new light on the illness in a report released Tuesday.Last year saw the highest number of cases of acute flaccid myelitis so far -- 233 confirmed cases in 41 states. It tends to spike between August and October every other year, including outbreaks in 2014 and 2016 with 120 and 149 cases, respectively. So far this year, 512