The Paycheck Protection Program has "enjoyed broad-based participation from lenders of all sizes and a wide array of industries and businesses."
Lenders fear the launch of the $350 billion program could be "a disaster that could dwarf the failed kickoff of the Obamacare enrollment web site in 2013."
“We are cautiously optimistic that this will provide the cash flow that small businesses needed yesterday."
GOP senators are concerned the bill's paid sick leave provisions will put too much pressure on small businesses.
A Treasury Department plan would recapitalize Fannie Mae and Freddie Mac and return them to private control.
Facebook's proposed Libra digital currency “could be misused by money launderers and terrorist financiers," the treasury secretary says.
The bankrupt retailer alleges Eddie Lampert and other investors siphoned off assets for their own gain through fraudulent spinoffs and other deals.
The Financial Stability Oversight Council's decision means there are no longer any nonbanks subject to stricter, post-crisis oversight.
The White House blames increased spending for the mounting deficit but its own data "suggest falling revenues were a far larger contributor."
“This boost in capital was essential for us to advance our efforts to mobilize additional finance for development," the bank's president says.
Under current U.S. fiscal policy, federal budget deficits are doomed to continue racing upward with no end in sight, investment consultant says.
The decision, which cited national security concerns, may signal problems for other Chinese deals under review by the administration.
