Mnuchin Calls for Forgiving PPP Loans to Smallest Businesses – The Wall Street Journal

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WASHINGTON– Congress should consider automatically forgiving Paycheck Protection Program loans taken out by the tiniest U.S. businesses– and offer a 2nd assisting of help to firms hard hit by the pandemic, Treasury Secretary Steven Mnuchin stated Friday.

The remarks came at a House Small Business Committee hearing, where lawmakers in both celebrations signaled they wish to press out more small-business aid as the U.S. continues to face the coronavirus.