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Suspected fraudsters have infiltrated a loan program meant to help small businesses weather the coronavirus crisis — and the feds are letting them slip through, a watchdog warned. The Small Business Administration’s inspector general has received more than 5,000 complaints from lenders about suspected fraud in the Economic Injury Disaster Loan program, which offers aid …
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Senate Republicans criticized their party’s own coronavirus relief bill in public comments and during a private lunch with Senate GOP leadership on Tuesday. The disagreements could make negotiations with House Democrats over the legislation even more tricky, with enhanced federal unemployment benefits set to end on July 31 and a moratorium on evictions for renters …
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From mid-March until early June, the jungle on West 28th Street was nowhere to be found. Instead, the boxwoods and hydrangeas that once lined the sidewalks along Sixth Avenue were in storage, the latest victims of the coronavirus. Like the restaurants, barber shops and tailors forced by New York’s health officials to shut their doors …
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Sandy Hook parents are warning JPMorgan CEO Jamie Dimon to stay out of their way as they continue their lawsuit against gunmaker Remington, which filed for bankruptcy protection on Tuesday morning. The Chapter 11 bankruptcy stands to shield Remington from outstanding legal actions, including the 2015 wrongful death suit filed by the families of nine …
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White House economic advisor Larry Kudlow said Sunday that the coronavirus relief package being rafted by Senate Republicans will include a second round of direct payments to Americans as well as an extension of the moratorium on evictions for renters. “There’s a $1,200 check coming, that’s going to be part of the new package,” Kudlow …
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Senate Republicans are at odds over whether to extend the expanded unemployment benefits Congress passed in March to mitigate the economic toll on workers who were laid off during the coronavirus pandemic. Americans who have recently lost their jobs are currently receiving an extra $600 a week in jobless benefits, which are due to run …
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The U.S. on Wednesday announced an agreement to pay pharmaceutical giant Pfizer and biotech firm BioNTech nearly $2 billion for 100 million doses of their coronavirus vaccine. The Department of Health and Human Services and the Defense Department will acquire 100 million doses of the experimental vaccine under the $1.95 billion deal with Germany-based BioNTech and New York City-based Pfizer. …
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A group of economists and business leaders urged Congress on Monday to include healthcare price transparency in the next COVID-19 stimulus package. In a letter sent to President Trump and other GOP leadership, signatories — including former House speaker Newt Gingrich, Forbes Media chairman and CEO Steve Forbes, former state treasurer of Ohio Ken Blackwell …
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State tax receipts plummeted by $1.5 billion, or 17.3 percent, in June compared to the same time a year ago as New York continues to suffer from the coronavirus pandemic, according to a new report. “As steps toward an economic reopening continue, state tax revenues remain far short of pre-pandemic levels,” said state Comptroller Tom …
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Bennie’s Thai Cafe is about to become the latest restaurant casualty of the coronavirus in Lower Manhattan. The popular eatery at 88 Fulton St. is calling it quits on July 26 — the 24th anniversary of its opening in 1996. “We made it through the dark days of 9/11, the recession and Superstorm Sandy, but …
Suspected fraudsters have infiltrated a loan program meant to help small businesses weather the coronavirus crisis — and the feds are letting them slip through, a watchdog warned. The Small Business Administration’s inspector general has received more than 5,000 complaints from lenders about suspected fraud in the Economic Injury Disaster Loan program, which offers aid …
