economic stimulus

November small business job gains flat. Job loss for the year—Nearly 5 million

December 4, 2020 While some politicians and economists claim that the economy is doing well and therefore another federal relief bill is not needed, the 2020 job numbers tell a different story. The South Carolina Small Business Chamber of Commerce put together the below graph and table using data from…

More than half of emergency small-business funds went to larger businesses, new data shows

The Washington Post December 2, 2020 More than half of the money from the Treasury Department’s coronavirus emergency fund for small businesses went to just 5 percent of the recipients, according to data on more than 5 million loans…. …Officials from the Treasury Department and the Small Business Administration (SBA) have argued…

US business leaders press Donald Trump to start transition to Joe Biden

Financial Times November 24, 2020 Chief executives of Goldman Sachs and BlackRock warn further delays will hamper response to pandemic US business leaders are turning up the pressure on Donald Trump to begin the transition to Joe Biden’s administration, warning that further delays threaten America’s attempts to control the public…

Cramer rips Congress over failure to pass Covid stimulus, says it has ‘doomed’ small businesses

CNBC November 18, 2020 By Kevin Stankiewicz KEY POINTS A failure to pass more coronavirus stimulus this fall has crushed small and medium-sized business, CNBC’s Jim Cramer said. “They’re the empty storefronts of the country,” the “Mad Money” host said. The result has been a “giant” gain for large retailers…