Edition:
United States

Michelle Price

U.S. lawmakers, Bank of America urge small-business agency to fix erroneous PPP loan data

Jul 29 2020

WASHINGTON Bank of America Inc (BAC.N), the second-largest U.S. lender, has asked the Trump administration to correct data meant to offer public accountability on the recipients of $520 billion in pandemic aid, and a group of U.S. Democratic lawmakers has written to demand action before more funds are allocated.

U.S. lawmakers, Bank of America press small business agency to fix PPP lending data

Jul 28 2020

WASHINGTON, July 28 Bank of America Inc, the second-largest U.S. lender, has asked the Trump administration to correct data meant to offer public accountability on the recipients of $520 billion in pandemic aid designed to preserve jobs, and a group of U.S. Democratic lawmakers has written to demand action before more funds are distributed.

Global financial system still at risk of liquidity stress, market shocks: FSB

Jul 15 2020

WASHINGTON The global financial system remains vulnerable to further liquidity stresses and a potential "sudden and sharp" market repricing as economies continue to reel from the COVID-19 pandemic, the Financial Stability Board (FSB) warned on Wednesday.

Trump administration says pandemic aid saved 51 million jobs. Did it?

Jul 08 2020

WASHINGTON U.S. President Donald Trump's administration touted its $660 billion small business pandemic aid program this week as a "wild success," unveiling data that showed the initiative saved 51 million jobs.

RPT-Trump administration says pandemic aid saved 51 mln jobs. Did it?

Jul 08 2020

WASHINGTON, July 7 U.S. President Donald Trump's administration touted its $660 billion small business pandemic aid program this week as a "wild success," unveiling data that showed the initiative saved 51 million jobs.

Trump administration says pandemic aid saved 51 million jobs. Did it?

Jul 07 2020

WASHINGTON U.S. President Donald Trump's administration touted its $660 billion (526 billion pounds) small business pandemic aid program this week as a "wild success," unveiling data that showed the initiative saved 51 million jobs.

Trump administration says pandemic aid saved 51 mln jobs. Did it?

Jul 07 2020

WASHINGTON, July 7 U.S. President Donald Trump's administration touted its $660 billion small business pandemic aid program this week as a "wild success," unveiling data that showed the initiative saved 51 million jobs.

U.S. pandemic aid program saved 51.1 million jobs, but wealthy and connected also benefited

Jul 07 2020

WASHINGTON A high-profile pandemic aid program protected about 51.1 million American jobs, the Trump administration said on Monday, as it revealed how $521.4 billion in taxpayer cash was injected into small businesses but also into the pockets of the rich and famous.

U.S. mining lobby in push to preserve tax break repealed by Democrats

Jun 24 2020

WASHINGTON The U.S. mining industry is spearheading a lobbying effort to protect a $160 billion pandemic tax break after congressional Democrats largely repealed the provisions in their recent stimulus bill, according to emails and a letter seen by Reuters.

UPDATE 1-U.S. Fed's Main Street lending facility likely to start with a whimper

Jun 08 2020

June 8 The Federal Reserve's most ambitious and complicated crisis relief program is set to launch in coming days but it is far from certain that the small and mid-sized businesses the $600 billion "Main Street Lending Facility" is meant to help will come clamoring for loans.

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