Key Focus

  • Big banks are facing lawsuits that claim they put larger borrowers first, and some advocates say minority and women owners of businesses are getting shut out of the loan program.
    The Trump administration has responded to some criticisms, with Treasury Secretary Steven Mnuchin saying Monday that PPP loans above $2 million will be audited.
    The NBER paper, released on Sunday, is titled .Did the Paycheck Protection Program Hit the Target
  • Its authors said they studied data on the distribution of PPP loans in the program.s first round along with .high-frequency micro-level employment data..
    The PPP quickly ran through the $350 billion that it received initially through last month.s $2.2 trillion Cares Act, and then on Friday got an additional $320 billion as Trump signed into law the $484 billion Paycheck Protection Program and Health Care Enhancement Act.
    U.S. stocks US:DJIA US:SPX are trading well below their February peaks because of coronavirus-related lockdowns on business activity, but they have rallied from their late-March lows thanks in part to optimism around Washington.s aid programs


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High Level Topics

  • PPP
  • BANKS
  • BUSINESSES
  • PAYCHECK_PROTECTION_PROGRAM
  • High Level Abstractions

  • PPP(5, 0 Order)
  • ( PPP )(5, 0 Order)  top
  • ( PPP, TRUMP )(2, 1st Order)  top
  • ( PPP, PAYCHECK_PROTECTION_PROGRAM )(2, 1st Order)  top
  • ( PPP, ESTABLISHMENTS )(1, 1st Order)  top
  • ( PPP, BUSINESSES )(2, 1st Order)  top
  • ( PPP, WASHINGTON )(1, 1st Order)  top
  • ( PPP, UNIVERSITY )(1, 1st Order)  top
  • ( PPP, TREASURY_SECRETARY_STEVEN_MNUCHIN )(1, 1st Order)  top
  • ( PPP, TREASURY_DEPARTMENT )(1, 1st Order)  top
  • ( PPP, TRADING )(1, 1st Order)  top
  • ( PPP, TECHNOLOGY )(1, 1st Order)  top
  • ( PPP, STOCKS )(1, 1st Order)  top
  • ( PPP, REP )(1, 1st Order)  top
  • BANKS(2, 0 Order)
  • ( BANKS )(2, 0 Order)  top
  • BUSINESSES(2, 0 Order)
  • ( BUSINESSES )(2, 0 Order)  top
  • PAYCHECK_PROTECTION_PROGRAM(2, 0 Order)
  • ( PAYCHECK_PROTECTION_PROGRAM )(2, 0 Order)  top
  • References

    • ( PPP )  top
    • ( PPP, TRUMP )  top
    • (Read more)   top
      The Trump administration has responded to some criticisms, with Treasury Secretary Steven Mnuchin saying Monday that PPP loans above $2 million will be audited.
      The NBER paper, released on Sunday, is titled...
    • (Read more)   top.s $2.2 trillion Cares Act, and then on Friday got an additional $320 billion as Trump signed into law the $484 billion Paycheck Protection Program and Health Care Enhancement Act.
      U.S. stocks US:DJIA US:SPX are trading well below their February peaks because of coronavirus-related...
    • ( PPP, PAYCHECK_PROTECTION_PROGRAM )  top
    • (Read more)   top researchers from the University of Chicago and the Massachusetts Institute of Technology wrote in the paper on the Paycheck Protection Program.
      .If
      anything, we find some suggestive evidence that funds .owed to areas less hard hit..
      The researchers found 15% of establishments in the regions most affected by declines in hours worked and business...
    • (Read more)   top... quickly ran through the $350 billion that it received initially through last month.s $2.2 trillion Cares Act, and then on Friday got an additional $320 billion as Trump signed into law the $484 billion Paycheck Protection Program and Health Care Enhancement Act.
      U.S. stocks US:DJIA US:SPX are trading well below their February peaks because of coronavirus-related lockdowns on business activity, but they have rallied...
    • ( PPP, ESTABLISHMENTS )  top
    • (Read more)   top
      The researchers found 15% of establishments in the regions most affected by declines in hours worked and business shutdowns received PPP funding, while 30% of establishments got PPP money in the least affected regions.
      This could be .a...
    • ( PPP, BUSINESSES )  top
    • (Read more)   top
      The PPP has drawn a range of criticism, with small businesses and their bankers reporting widespread problems in getting the loans during the past month, including delays this week as the program reopened.
      Meanwhile, more than 100 public companies disclosed...
    • (Read more)   top Big banks are facing lawsuits that claim they put larger borrowers first, and some advocates say minority and women owners of businesses are getting shut out of the loan program.
      The Trump administration has responded to some criticisms, with Treasury Secretary Steven Mnuchin saying Monday that PPP loans above $2 million will be...
    • ( PPP, WASHINGTON )  top
    • (Read more)   top... US:DJIA US:SPX are trading well below their February peaks because of coronavirus-related lockdowns on business activity, but they have rallied from their late-March lows thanks in part to optimism around Washington.s aid programs.
    • ( PPP, UNIVERSITY )  top
    • (Read more)   top researchers from the University of Chicago and the Massachusetts Institute of Technology wrote in the paper on the Paycheck Protection Program.
      .If anything, we find some suggestive evidence that funds .owed to areas less hard...
    • ( PPP, TREASURY_SECRETARY_STEVEN_MNUCHIN )  top
    • (Read more)   top
      The Trump administration has responded to some criticisms, with Treasury Secretary Steven Mnuchin saying Monday that PPP loans above $2 million will be audited.
      The NBER paper, released on Sunday, is titled .Did the Paycheck Protection Program Hit the Target
    • ( PPP, TREASURY_DEPARTMENT )  top
    • (Read more)   top
      Meanwhile, more than 100 public companies disclosed getting the aid, though many of them are giving the money back after an outcry and a May 7 deadline from the Treasury Department for returns.
      Democratic Rep.
    • ( PPP, TRADING )  top
    • (Read more)   top
      U.S. stocks US:DJIA US:SPX are trading well below their February peaks because of coronavirus-related lockdowns on business activity, but they have rallied from their late-March lows thanks in part to optimism around Washington.s aid programs
    • ( PPP, TECHNOLOGY )  top
    • (Read more)   top researchers from the University of Chicago and the Massachusetts Institute of Technology wrote in the paper on the Paycheck Protection Program.
      .If anything, we find some suggestive evidence that funds .owed to areas less hard hit..
      The researchers found 15% of establishments...
    • ( PPP, STOCKS )  top
    • (Read more)   top
      U.S. stocks US:DJIA US:SPX are trading well below their February peaks because of coronavirus-related lockdowns on business activity, but they have rallied from their late-March lows thanks in part to optimism around...
    • ( PPP, REP )  top
    • (Read more)   top
      Democratic Rep
    • ( BANKS )  top
    • (Read more)   top ... got PPP money in the least affected regions. This could be .a result of the pre-existing bank relationships across counties, rather than a problem with implementation,. as a major factor was banks showing considerable variation in their participation in the program as lenders, the researchers said
    • (Read more)   topas she noted how coastal blue states mostly lagged red states in receiving PPP loans. House Speaker Nancy Pelosi, also a California Democrat, on Monday suggested that banks making PPP loans shouldn.t get paid more for serving bigger companies. Big banks are facing lawsuits that claim they put larger borrowers first, and some advocates say minority and women owners of businesses...
    • ( BUSINESSES )  top
    • (Read more)   top the academics said. The PPP has drawn a range of criticism, with small businesses and their bankers reporting widespread problems in getting the loans during the past month, including delays this week as the program reopened. Meanwhile, more than 100 public companies disclosed...
    • (Read more)   top Big banks are facing lawsuits that claim they put larger borrowers first, and some advocates say minority and women owners of businesses are getting shut out of the loan program. The Trump administration has responded to some criticisms, with Treasury Secretary Steven Mnuchin saying Monday that PPP loans above $2 million will...
    • ( PAYCHECK_PROTECTION_PROGRAM )  top
    • (Read more)   top researchers from the University of Chicago and the Massachusetts Institute of Technology wrote in the paper on the Paycheck Protection Program. .If anything, we find some suggestive evidence that funds .owed to areas less hard hit.. The researchers found 15% of establishments in the regions most affected by declines in hours worked and...
    • (Read more)   top... quickly ran through the $350 billion that it received initially through last month.s $2.2 trillion Cares Act, and then on Friday got an additional $320 billion as Trump signed into law the $484 billion Paycheck Protection Program and Health Care Enhancement Act. U.S. stocks US:DJIA US:SPX are trading well below their February peaks because of coronavirus-related lockdowns on business activity, but they have rallied...