• About us
  • Donate
  • WADR
  • Contact us
  • Live Stream
Friday, June 6, 2025
Loud Silence News
Advertisement
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
Loud Silence News
No Result
View All Result
Home US News US Education

Marco Rubio Slams Stonewalling By Trump Administration On Latest Stimulus Payouts

Loud Silence Staff by Loud Silence Staff
May 3, 2020
in US Education
0
Marco Rubio Slams Stonewalling By Trump Administration On Latest Stimulus Payouts
2
SHARES
13
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

[ad_1]

Sen. Marco Rubio (R-Fla.) on Saturday ripped the Trump administration’s Small Business Association for failing to provide any information about outgoing funds in the second round of the increasingly controversial Paycheck Protection Program.

The program, part of the $2.2 trillion CARES Act to help the economy through the COVID-19 crisis, was touted as an aid to small businesses. But nearly 300 publicly traded corporations grabbed $1 billion in aid before the first round of spending ran out of money last month in just two weeks, shutting out countless small businesses.

Now, during the second round of taxpayer aid, the SBA is refusing to reveal payment information, Rubio said in a video message he posted on Twitter. 

“The last 48 hours have been very troubling,” he said. “In the last 48 hours, we have not been able to get anybody at SBA to provide us any information about round two — about how much money is left, about who’s getting it, about the application process. The SBA, for whatever reason, has decided to lock down and not share that information with us,” he added.

Rubio promised to get to the bottom of the program run by a Republican administration and passed by GOP lawmakers, an irony not missed by Twitter critics. Walter Shaub, former head of the U.S. Office of Government Ethics, also pointed out that Rubio and his fellow GOP senators have “taught Trump” that the president can ignore congressional oversight.

Sen. Rubio is finding out the hard way that the lesson he and the other Senators taught Trump is that congressional oversight can be ignored . . . just like Rubio is ignoring the fact that Trump will fire the Intelligence Community Inspector General 9 and a half hours from now. https://t.co/0VqQUK0YVB

— Walter Shaub (@waltshaub) May 2, 2020

The SBA could not immediately be reached by HuffPost for comment.

Word of the stonewalling comes amid growing public anger about wealthy companies getting funds intended for struggling operations.

Members of the Trump administration have been left to plead with companies to return the funds if they don’t need them. Treasury Secretary Steve Mnuchin told the Wall Street Journal Tuesday that not only should companies give back the money, they should also “apologize.”

After news emerged that the wealthy private school Donald Trump’s son Barron attends — St. Andrew’s Episcopal School in Maryland — is receiving taxpayer stimulus funds, Mnuchin tweeted that such institutions should also return the money. The elite Los Angeles school where Mnuchin’s children are students is also receiving public funds. 

It has come to our attention that some private schools with significant endowments have taken #PPP loans. They should return them. @SBAgov #CARESAct #PPPLoans

— Steven Mnuchin (@stevenmnuchin1) May 1, 2020

In the short “self-certification” application for the Payment Protection Program loans, applicants merely have to attest that they are not insolvent, and that they are “unable to secure adequate credit accommodations from other banking institutions” — which would seem unlikely for the nearly 300 publicly traded corporations that received money in the first round. 

Part of the statement required by applicants in the Paycheck Protection Program.



Paycheck Protection Program document

Part of the statement required by applicants in the Paycheck Protection Program.

Payment Protection loans are forgiven — essentially turning them into taxpayer grants — if the money is used on certain expenses such as wages and rent.

A HuffPost Guide To Coronavirus

Calling all HuffPost superfans!

Sign up for membership to become a founding member and help shape HuffPost’s next chapter



[ad_2]

This content first appear on huffpost

You might also like

‘I Have A Lot’ Going On: Trump Again Deflects Blame For Medical Supplies Shortage

Trump Pushes Country Toward Reopening, Claiming ‘Virus Will Pass’

Republicans Divided Over Additional Coronavirus Relief For States And Cities

Tags: CoronavirusMarco RubioSmall businessStimulus Package
Previous Post

Secretary of State Mike Pompeo claims China intentionally concealed coronavirus severity

Next Post

Funny-Face-Is-Going-Through-DepressionHe-Needs-Anger-Management—Ola

Loud Silence Staff

Loud Silence Staff

Related Posts

‘I Have A Lot’ Going On: Trump Again Deflects Blame For Medical Supplies Shortage
US Education

‘I Have A Lot’ Going On: Trump Again Deflects Blame For Medical Supplies Shortage

by Loud Silence Staff
May 6, 2020
Trump Pushes Country Toward Reopening, Claiming ‘Virus Will Pass’
US Education

Trump Pushes Country Toward Reopening, Claiming ‘Virus Will Pass’

by Loud Silence Staff
May 6, 2020
Republicans Divided Over Additional Coronavirus Relief For States And Cities
US Education

Republicans Divided Over Additional Coronavirus Relief For States And Cities

by Loud Silence Staff
May 5, 2020
Trump Signals Coronavirus Task Force Will Soon Wind Down
US Education

Trump Signals Coronavirus Task Force Will Soon Wind Down

by Loud Silence Staff
May 5, 2020
California Sues Uber, Lyft To Enforce Gig Worker Protection Law
US Education

California Sues Uber, Lyft To Enforce Gig Worker Protection Law

by Loud Silence Staff
May 5, 2020
Next Post
Funny-Face-Is-Going-Through-DepressionHe-Needs-Anger-Management—Ola

Funny-Face-Is-Going-Through-DepressionHe-Needs-Anger-Management---Ola

Recommended

Penguin Meets Up With Orangutan During Excursion In Empty San Diego Zoo

Penguin Meets Up With Orangutan During Excursion In Empty San Diego Zoo

May 1, 2020
CIA warned employees against Trump’s wonder drug

CIA warned employees against Trump’s wonder drug

April 14, 2020

Categories

  • African Business
  • African Education
  • African Health
  • African News
  • African Politics
  • African ShowBiz
  • Education
  • Ghana Business
  • Ghana News
  • Ghana ShowBiz
  • Ghana Sports
  • Human Interest Stories
  • News
  • Opinion
  • People
  • ShowBiz
  • Social Trends
  • US Business
  • US Education
  • US Health
  • US News
  • US Politics
  • US Showbiz
  • WADR
  • World Business
  • World News
  • World Politics
  • World Showbiz
  • World Sports

Don't miss it

President Mahama Unveils 24-Hour Economy Plan, Set to roll out in July
Ghana News

President Mahama Unveils 24-Hour Economy Plan, Set to roll out in July

May 28, 2025
Unmasking the Propaganda Machine: The Coordinated Smear Campaign Against Dr. Anne Sansa Daly
Ghana News

Ghana’s Medical and Dental Council Clarifies Stance on Dr. Anne Sansa Daly’s Certification

May 26, 2025
Nii Armah Amarteifio Apologizes to Dr. Daly
Ghana News

Nii Armah Amarteifio Apologizes to Dr. Daly

May 24, 2025
Unmasking the Propaganda Machine: The Coordinated Smear Campaign Against Dr. Anne Sansa Daly
Ghana News

Unmasking the Propaganda Machine: The Coordinated Smear Campaign Against Dr. Anne Sansa Daly

May 23, 2025
Legal Notice: Demand for Retraction of Defamatory Publication
Ghana News

Legal Notice: Demand for Retraction of Defamatory Publication

May 23, 2025
Legal Notice: Demand for Retraction of Defamatory Publication
Ghana News

Legal Notice: Demand for Retraction of Defamatory Publication

May 23, 2025

About Us

LOGO

Loud Silence Radio & TV Network and is a multi media production company focusing on Ghanaian and African news.

Contact

  • Alexandria, Virginia, USA
  • +1 212-602-9641
  • loudsilenceradio@gmail.com
Facebook Twitter Youtube Linkedin

Download App

google play store

© 2021 Loud Silence Media. All rights reserved.

  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
Menu
  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.