April 6, 2021

EVERYTHING IS GOING SWIMMINGLY: ‘False hopes’: Small business rescue faces crunch just days after Congress extended it. “Washington’s nearly $1 trillion small business rescue, now under the watch of President Joe Biden, is about to slam into a new obstacle — it’s already running out of money. . . . Congress has been unable to obtain data on how many jobs the program has saved, for example, or the extent to which loans have reached businesses owned by people of color and women. And it’s not the first time it has run out of money, only to send lawmakers scrambling to allocate more.”

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