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Tuesday, May 19, 2020

Warren presses Mnuchin on penalties for not protecting jobs



Sen. Elizabeth Warren (D-MA) asked Treasury Secretary Steven Mnuchin why

some businesses that are getting federal funding are not required to keep their

workers employed.Congress gave Treasury the authority to dole out $500 billion

to shore up mid-sized and large corporations. But unlike the Payroll Protection

Program and other small-business lending facilities, which forgive loans when

businesses keep employees on their payroll, Treasury did not stipulate anything

about big businesses having to do the same.



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