Congress aims to fortify SBA loans from fraudsters by passing 7 new bills
The US House of Representatives has passed 7 bills for small businesses to pay close attention to - two regarding PPP loans and another regarding COVID-19 Economic Injury Disaster Loan (EIDL) fraud.
These bills are meant to fortify these Small Business loans and protect them from fraudsters taking advantage of the programs.
The Senate passed a $105 billion bipartisan bill to improve air travel safety and customer service.
Meredith Whitney, the once-celebrated financial forecaster, is eyeing a potential game-changer for the U.S. economy, and it doesn't involve government spending.
Imagine pumping nearly $1 trillion into the U.S. economy without adding a cent to the national deficit.
In the face of soaring interest rates, many U.S. homebuyers are opting for adjustable rate mortgages (ARMs) as a more affordable alternative to traditional fixed-rate mortgages.
In a bid to further pressure Russia over its war in Ukraine, the U.S. Senate has unanimously passed a bill to prohibit Russian uranium imports.
The House Freedom Caucus is shaking things up with their demands for funding the reconstruction of Baltimore's Francis Scott Key Bridge.
Senator Bernie Sanders introduced legislation to cut the standard U.S. workweek from 40 to 32 hours over four years, without reducing pay.
Senator Rand Paul (R-Ky.) is opposing a unanimous passing of a bill, requiring Democrats to spend more time on it before a roll-call vote.
Former President Donald Trump expressed concerns about the proposed ban on Chinese-owned social media app TikTok in the United States during an interview on CNBC's "Squawk Box" on Monday.
The U.S. House of Representatives is speeding up a vote next week on a bill that would force China's ByteDance to sell off TikTok within six months or face a U.S. ban.
The US House of Representatives passed a $467.5 billion spending package to avoid a government shutdown, covering various sectors like agriculture and veterans' affairs.
A bipartisan group of U.S. lawmakers has introduced legislation to push China's ByteDance, owner of TikTok, to divest the app within six months or face a U.S. ban due to national security concerns over its Chinese ownership.
Congress appears ready to reverse a safety regulation that has hindered younger drivers from participating in a trucking program, as outlined in a bipartisan budget bill.
Bankrupt trucking giant Yellow has announced it has fully paid back a contentious $700 million Covid loan from the U.S. Treasury Department, along with over $151 million in interest.
During the holiday season, online spending hit a record high, increasing by 4.9% year over year, totaling $222.1 billion, according to Adobe Analytics.
In October, signed contracts to buy previously owned homes in the U.S. plummeted to a record low due to surging mortgage rates, with the National Association of Realtors reporting a 1.5% decline in its pending home sales index, the lowest since its inception in 2001.
A recent Fox News poll revealed that more than 75% of Americans are worried about the state of the economy.
Sen. Alex Padilla, along with nine other Senate Democrats, is expressing concern about the direction of bipartisan border security negotiations, which are crucial for passing an emergency foreign aid package.
Dave Ramsey, a financial expert, is concerned about the growing trend of homeowners using home-equity lines of credit (HELOCs) to access their home equity for various purposes, such as buying additional property or paying down consumer debts.
A new bill in response to the White House's executive order on AI has been introduced, aiming to provide Congress with input on the federal government's implementation of AI systems.
House Republicans are pressing the IRS for answers regarding the delay in processing new claims for the pandemic-era small business tax credit known as the employee retention credit (ERC).
The U.S. Energy Department is currently engaged in discussions to potentially provide a record-breaking $1 billion loan to the developer of one of the largest lithium deposits in the United States.
The United States is facing the possibility of a government shutdown as Congress has until midnight on Saturday to pass a new budget.
House Speaker Kevin McCarthy has rejected a Senate stopgap funding bill, thereby escalating the risk of a fourth partial U.S. government shutdown in a decade.
The ongoing United Auto Workers' strike against major automakers is significantly impacting small suppliers, with some at risk of shutting down due to the disruption.
Transportation Secretary Pete Buttigieg has issued a warning about potential airline disruptions if Congress fails to pass funding bills or reach a short-term resolution before the looming government shutdown deadline.
If the federal government shuts down on October 1, it will disrupt various services, impact workers, and cause political turmoil as House Republicans demand deep cuts in federal spending.
The House of Representatives has passed H.R. 1435, the Preserving Choice in Vehicle Purchases Act, which aims to prevent the EPA from allowing California to limit the sale or use of new internal combustion engine vehicles.
Transportation Secretary Pete Buttigieg has been actively promoting the Biden administration's infrastructure initiatives, emphasizing the progress made on various projects, including the Infrastructure Investment and Jobs Act (IIJA).
The Republican-led U.S. House of Representatives passed the Israel Security Assistance Support Act on Thursday, pushing President Biden to send weapons to Israel more quickly.