Treasury Secretary Steven Mnuchin and Chief of Staff Mark Meadows call for unused funds from the Paycheck Protection Program to be appropriated in standalone bill
$134 billion was left unspent after the PPP expired on Aug. 8
Funding would offer stopgap relief for small businesses as deliberations on new COVID-19 relief continue
Entrepreneurs have been more likely than others to suffer from a variety of mental health issues
Challenges in creating and sustaining a business can lead to depression, anxiety, substance abuse, and other issues
Entrepreneurs are encouraged to be aware of warning signs, be open about discussing any challenges they face, and adopt other strategies to improve their mental health
Streamlined forgiveness process eliminates most questions and calculations seeking to determine if Paycheck Protection Program loan borrowers used the funds for approved purposes
New application open to businesses that took out loans of $50,000 or less
Complexities in PPP forgiveness process have caused some borrowers and lenders to call for automatic forgiveness below a certain amount
White House has reportedly said it is willing to consider a comprehensive bill after President Donald Trump pulled the plug on talks on this issue earlier this week
Significant differences over the cost and scope of new COVID-19 relief have stymied efforts to pass a bipartisan measure, despite common ground on several issues
Stock market buoyed by new hope over stimulus, but economists warn that a comprehensive measure – or even standalone relief bills – may not be approved
Stanford economics professor Nicholas Bloom says greater adoption of remote work arrangements may exacerbate inequalities by favoring higher-income positions
Bloom previously conducted a pre-pandemic study that highlighted the benefits of remote work, though these were contingent on having a home office and some in-office work
Despite these shortcomings, remote work could spur beneficial changes in companies that can adopt it as well as large-scale improvements
Secretary of Defense Mark Esper envisions 500-ship fleet capable of maintaining naval superiority over China by 2045
Plan gives priority to submarines, including recommendation of ramping up construction of Virginia-class attack submarines
Rep. Joe Courtney of Connecticut criticizes Trump Administration for previous cuts to shipbuilding program, urges restoration of funding for second sub in 2021
Small business owners who took out a Paycheck Protection Program loan are taking steps to shore up their finances in case they end up on the hook for repayment
Few forgiveness applications have been submitted as borrowers and lenders wait to see if further guidance or automatic forgiveness is forthcoming
PPP has received some criticism for complications and uncertainties, which caused some business owners to return loan money or avoid applying
JPMorgan Asset Management global strategist says U.S. economy can endure a delay in stimulus funding as long as more spending occurs by early 2021
President Donald Trump abruptly ended negotiations over new COVID-19 relief Tuesday, but has offered support for some standalone funding bills including stimulus checks and small business support
Economists have voiced concerns that further stimulus delays could slow recovery or tip economy into a recession, with industries such as travel and food service suffering major losses
