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Paycheck Protection Program Spending Period Extended to End of Year
The coronavirus pandemic has laid much of the American economy on its back—but a bright spot has made the disaster less crippling than it might have been. That is the Paycheck Protection Program, which funneled money back to workers through small businesses. Four and a half million small businesses took the PPP loans, representing 50 million jobs, Treasury Secretary Steven Mnuchin told Congress in June. The program was about to run out at the end of June.
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