Categories Congress

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New guidance on SBA loans means most startups are still excluded from $349 billion stimulus

Under new guidance issued by the Small Business Administration it seems non-profits and faith-based groups can apply for the Paycheck Protection Program loans designed to keep small business afloat during the COVID-19 epidemic, but most venture-backed companies are still not covered. Late Friday night, the Treasury Department updated its rules […]

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House passes historic $2 trillion coronavirus economic rescue bill

A massive bipartisan effort to provide relief to a U.S. economy on ice just leapt over its last major hurdle. On Friday, the House of Representatives passed a historic stimulus package known as the Coronavirus Aid, Relief, and Economic Security or “CARES” act, which contains an unprecedented $2.2 trillion in […]

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Gig workers could get unemployment benefits under $2 trillion Senate stimulus bill

The Senate’s historic $2 trillion stimulus package will make history in one more way: by providing some financial assistance to gig workers. Late last night, the Senate passed a $2 trillion stimulus bill in response to the COVID-19 pandemic. As part of the bill, which makes its way to the […]

Why Congress isn’t working remotely due to COVID-19

As COVID-19 forces much of America to work from home, the United States Congress — whose 535 members have an average age of 60 — is still operating from Capitol Hill. Why this population (deemed high-risk to the coronavirus) isn’t yet doing legislative business remotely comes down to process, tech […]

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Delta Air Lines will park at least half its fleet and close airport lounges

In a letter to employees, Delta Air Lines CEO Ed Bastian today announced that the company is parking at least half of its fleet as demand for flights during the current COVID-19 pandemic has plummeted both in the U.S. and internationally. In total, Delta is cutting 70% of its capacity […]