Cleveland Business News

Congress is deadlocked on a new stimulus plan. Could Trump go it alone on PPP?

Congress is deadlocked on a new stimulus plan. Could Trump go it alone on PPP?

Congress remains deadlocked on a new stimulus bill to combat the economic fallout of Covid-19, essentially freezing in place a host of potential changes, expansions and additions to the popular Paycheck Protection Program. But could President Donald Trump use his executive authority to create blanket loan forgiveness or use the roughly $130 billion in money left over from the original PPP?