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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. – A bipartisan group of U.S. senators and members of the House of Representatives announced a COVID-19 emergency relief framework Tuesday morning.The proposed legislation would provide about 8 billion in aid, with 0 billion going to state and local governments. It also includes 0 billion in additional unemployment insurance and 8 billion for small businesses.The lawmakers say the bicameral framework will help American students, families, businesses, workers and health care providers during the COVID-19 crisis.The plan is designed to last until about March 31, or the end of the first financial quarter.“This four-month COVID-19 emergency relief package will help us get through the hardest months of winter and into a new administration,” said Rep. Josh Gottheimer (D-NJ) during a press conference announcing the legislation. “It’s an essential down payment in what our families, small businesses and local communities need.”Sen. Mitt Romney (R-UT) stressed that the proposal isn't a stimulus bill and explained that much of the funding will be repurposed from the CARES Act.“This is not a .8 trillion stimulus bill. This is a relief measure, half that amount, 8 billion," said Romney. "I would note that of that fund, 0 billion is money repurposed from the first CARES Act, so the amount of new money is actually 8 billion.”Romney also said liability protection is included in the bill and argued that it's critical. “We did negotiate a liability provision that provides a temporary moratorium, a temporary suspension, of any liability-related lawsuits at the state or federal level that are associated with COVID, giving states enough time to put in their own protections. And let me note that any state that doesn’t put in place protections hasn’t been thinking this through very carefully, because if I was a CEO, I would never think about putting a new business in a state that didn’t have liability protections for COVID.”U.S. Senators Joe Manchin (D-WV), Susan Collins (R-ME), Mark Warner (D-VA), Bill Cassidy (R-LA), Jeanne Shaheen (D-NH), Lisa Murkowski (R-AK), Angus King (I-ME), and Maggie Hassan (D-NH) were also among the lawmakers who worked on the plan and presented it Tuesday.The proposal, which does not include another round of stimulus checks, comes after months of failed negotiations between the White House and congressional leaders to pass another stimulus bill to help the American people during the current wave of coronavirus cases.The proposed 8 billion plan was broken up as follows:State, local and tribal governments – 0 billionAdditional unemployment insurance, 0 billionSupport for smalls businesses, including Paycheck Protection Program, EIDL, restaurants, stages and deductibility – 8 billionCDFI, MDI Community Lender Support – billionTransportation (airlines, airports, buses, transit, and Amtrak) – billionVaccine development and distribution, testing and tracing – billionHealthcare provider relief fund – billionEducation – billionStudent loans – billionHousing assistance (rental) – billionNutrition/Agriculture – billionU.S. Postal Service – billionChild care – billionBroadband – billionOpioid treatment – billion 3269

We don’t agree with Speaker Pelosi that “nothing” is better than “something” for workers.Senators will vote on more relief next week, including more PPP money to stop layoffs. We’ll be able to pass it before we turn to Judge Barrett's nomination unless Democrats block it again. pic.twitter.com/paJFhx5HcI— Leader McConnell (@senatemajldr) October 13, 2020 374

WASHINGTON (AP) — The deputy White House liaison for the U.S. Agency for International Development has been fired for posting a series of anti-LGBTQ tweets and complaining of anti-Christian bias by her now former colleagues. Officials say Merritt Corrigan was fired Monday just hours after sending the torrent of tweets that also accused Democratic lawmakers of a “corrupt campaign” to oust her from her job. A USAID spokeswoman confirmed that Corrigan was no longer employed by the agency. On Monday, Corrigan took to Twitter to say that “gay marriage isn't marriage" and accuse the media of attacking her for her Christian beliefs. 642

WASHINGTON (AP) — The State Department says Secretary of State Mike Pompeo has come into contact with a person who tested positive for COVID-19 and is quarantining. The department said Wednesday that Pompeo had tested negative for the virus but was being monitored by medical professionals. The department said it would not identify the infected person with whom Pompeo came into contact for privacy reasons. The announcement comes as Pompeo and the department have been criticized for hosting holiday parties amid the coronavirus pandemic. Pompeo had been expected to attend President Donald Trump’s Cabinet meeting later Wednesday although the appointment was not listed on his public schedule. 704