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WASHINGTON, D.C. — Democrats have driven a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate.Maryland Democrat Ben Cardin pushed for the extension of the Paycheck Protection Program hours before a deadline for applying for the program, which was created in March and has been modified twice.The measure is not a done deal though. It must also pass the house and be signed by President Donald Trump.If approved by Trump and the House, the new deadline for businesses to apply for PPP loans would be pushed back to Aug. 8.The proposed extension is an unexpected development that comes as spikes in coronavirus cases in many states are causing renewed shutdowns of bars and other businesses.The pressure swayed Republicans controlling the Senate, who have delayed consideration of a fifth coronavirus relief bill and are preparing to go home for a two-week recess.About 4.8 million businesses received a PPP loan, with a total of 9 billion lent out. But as of Tuesday, there was 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.” 1534
WELLINGTON, New Zealand — Prime Minister Jacinda Ardern on Monday chose to delay New Zealand’s national elections by four weeks as the country deals with a new coronavirus outbreak in its largest city, Auckland. The election had been scheduled for Sept. 19 but will now be held on Oct. 17. Under New Zealand law, Ardern had the option of delaying the election for up to about two months. Opposition parties had been requesting a delay after the virus outbreak in Auckland last week prompted the government to put the city into a two-week lockdown and halted election campaigning. Ardern said she wouldn’t consider delaying the election again, no matter what was happening with any virus outbreaks. Opinion polling indicates Ardern’s liberal Labour Party is favored to win a second term in office. 804
WEST ALLIS, Wisc. – A 15-year-old boy was arrested after he ran from police and hid in a tree in West Allis, Wisconsin.The incident started when West Allis Police was called to the 2000 block of S. 116th Street for a report of a disruptive teen -- who also possessed marijuana.According to police, the teen ran into Greenfield Park before they arrived at that address. Officers eventually located him, but the teen swam out to an island in the middle of a lagoon. He then climbed to the top of a tree and refused to come down.Police said the teen eventually came down and he was then arrested. 606
WASHINGTON (AP) — The U.S. economy rebounded at a record pace of 33.1% in the July-September quarter, unchanged from the first estimate a month ago.But a resurgence in the coronavirus is expected to slow growth sharply in the current quarter, with some analysts even raising the specter of a double-dip recession.Last week, the number of Americans applying for unemployment benefits rose to 778,000. That’s up from 748,000 the week before, according to the Department of Labor.The Commerce Department reported Wednesday that the overall increase in the gross domestic product, the country’s total output of goods and services, remained the same as its first estimate although some components were revised.Bigger gains in business investment, housing and exports were offset by downward revisions to state and local government spending, business inventories and consumer spending.The Associated Press found that the 33.1% gain was the largest quarterly gain on record, surpassing the old mark of a 16.7% increase in 1950. 1028
WASHINGTON D.C. — A 17-year-old boy was killed and 20 people were shot, including an off-duty police officer, in Washington D.C. early Sunday morning at a large gathering.The victim was identified as 17-year-old Christopher Brown and police say the off-duty 1st District police officer was shot and is in the hospital fighting for her life.Officers said another 17-year-old was shot and the other victims were all adults and suffered non-life-threatening injuries.The police chief said there were multiple shooters and at least 11 of the 20 people shot were women. “There was some kind of a dispute,” said Police Chief Peter Newsham, with the Metropolitan Police Department. “Multiple weapons were produced,” he told reporters. He said a motive for the shooting wasn’t clear.The chief also said they would be talking to building management about the gathering and officers will be looking at whether more could be done to break up the group.At this time, officers believe the gathering started late Saturday night and shots were fired just after midnight. "Sadly, some people who have no regard for human life, opened fire," said Mayor Muriel Bowser, reiterating that drinking and using marijuana in the street is illegal in D.C., as is having a gathering of this size. This story originally reported by Brandon Ingram on wmar2news.com. 1345