Consumer Spending Rebounds With 2.4% Gain
“Government checks did their work, as both income and spending increased dramatically in January."
Congress Includes PPP Extension in New Relief Bill
PPP borrowers will also be able to deduct expenses paid for with their loans, reversing an earlier IRS decision.
Top CEOs Urge Congress to Save Small Firms
More than 100 executives said small businesses need "much more significant and sustained support" than the PPP to weather the COVID-19 pandemic.