A D.C. man was arrested and charged with stealing more than $2 million by inventing fake emotional support animal companies and using pandemic relief loans to buy a rowhouse and a yacht, the U.S. Attorney’s…
Read moreA nonpartisan political watchdog group has asked the ethics office of the U.S. House to investigate Texas Rep. Louie Gohmert’s conduct during the coronavirus outbreak as he declined to wear a mask on Capitol Hill…
Read moreLoans went to private equity firms, whose executives can pay lower tax rates than their secretaries. Companies owned by billionaires, as well as elite private schools, obtained loans, while minority-and women-owned businesses were left in…
Read moreThese negotiations have been driven by a lobbying frenzy, The New York Times reported, and many of the board members of the groups urging Congress to drastically slash the unemployment benefit — such as the…
Read moreBusiness is booming for dialysis giant Fresenius. It took a bailout of at least $137 million anyway. Half of the money the Trump administration gave dialysis companies was collected by a global firm headquartered in…
Read moreBusinesses owned by Black people were hit especially hard by the coronavirus pandemic because of a combination of geography, limited reach of a key federal aid program, and weaker ties to banks, a new report…
Read moreTrump claims he’s lowering drug prices. Pharma execs say it’s a “convenient subject matter” ahead of the election. “The drug company CEOs made the mistake of saying the quiet part out loud: Trump has no…
Read moreMembers of a congressional oversight panel want to know how YRC Worldwide won a $700 million loan from the Treasury Department. “It sends a chilling message to the American people that the Trump administration…
Read moreThe chief adviser to Operation Warp Speed, the Trump administration’s program investing billions of dollars into discovering a coronavirus vaccine, says media scrutiny of his stock ownership may delay a vaccine or make its discovery…
Read moreThe Trump administration is hiring consultants with drug industry ties to steer its effort to find a coronavirus vaccine under a contract that allows them to avoid disclosing potential conflicts of interest. “For a drug…
Read moreWhen Shawn Nesbit, president of Good Karma Café experienced difficulty in securing a Paycheck Protection Program loan from traditional banks, he turned to Lendistry for assistance. Lendistry is an African American owned Community Development Financial…
Read moreThere’s more evidence that the government’s flagship small business loan program was distributed unequally across racial lines. What’s happening: Congressional districts with the highest Black populations cinched $13 billion less in Paycheck Protection Program (PPP)…
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