The proposal rallied Republicans but failed to overcome a necessary procedural hurdle in the Senate. Negotiations with Democrats remain stalled, and chances of a deal before the election are fading.
Prosecutors say those charged attempted to steal more than $175 million from the Paycheck Protection Program, which is meant to provide relief to small businesses impacted by the pandemic.
The Paycheck Protection Program, enacted to help small businesses dealing with the coronavirus pandemic, had expired Tuesday. With Trump’s signature Saturday, the new deadline to apply is Aug. 8.
The small business sectors that received the largest share of federal loans from the coronavirus relief package known as PPP include restaurants, doctors’ offices, car dealerships and law firms.
A father and son reflect how their family has honed toolmaking through three generations at their Brooklyn, N.Y., shop. Despite pandemic stresses, they hope to be in business well into the future.