Rubio Says Congress ‘Certainly Closer’ To PPP Extension Than Stimulus DealSen. Marco Rubio (R-Fla.), the chair of the Senate Small Business Committee, told the Wall Street Journal Sunday that Democrats and Republicans are “certainly closer†to a deal on extending the Paycheck Protection Program than on a broader stimulus bill.
..............The first iteration of the PPP, a $670 billion business-rescue program spearheaded by Rubio, passed in March, the largest and most expensive program of its kind in history. But the program was met with criticism ranging from overly-brief and rigid spending requirements to too many loans to large and well-connected corporations to not enough funding to serve its intended purpose. Still, it is widely seen as having kept the economy afloat and unemployment numbers from sinking even lower than their already-historic nadir during the pandemic...................
https://www.forbes.com/sites/andrewsolender/2020/08/02/rubio-says-congress-certainly-closer-to-ppp-extension-than-stimulus-deal/#20f8be3e5ba2
