Economic Indicators

Rubio said the funding will include returned aid from large public companies.

The coronavirus pandemic has made access "more urgent," the Fed said.

States are also hemorrhaging cash trying to respond to the virus outbreak.

At least 75 publicly traded companies — some with market values of well over $100 million — tapped the government-backed loans.

Gap said if it is unable to renegotiate the leases and continue to suspend rent payments, the landlords under a majority of the leases in the U.S. could allege the company is in default.

The House will vote on a $483 billion proposal to deliver more loans to small businesses and aid to hospitals

The underlying problem for the industry is the misalignment of supply and demand. The coronavirus pandemic has wiped out consumer need for oil.

Restaurants and hotels were granted some flexibility in the legislation.

Banks are expected to issue new guidance for small business owners on Friday.

At least 75 publicly traded companies -- some with market values well over $100 million -- tapped the government-backed Paycheck Protection Program.

The result of the shutdowns has been an economic free fall that experts caution could rival the Great Depression.

The survey found that 11% of chief executives see coronavirus as a risk to the survival of their firm

The first round of PPP deprived many small businesses from getting their hands on the money while some larger profitable businesses feasted on the low-interest loans.

States use the money to administer regular unemployment benefits.

Coca-Cola said its sales volume has fallen about 25% globally since the beginning of April, led by a decline in the company’s away-from-home channels, which represent about half of its revenue.

Growing evidence that large companies have managed to secure the coveted loans has prompted a wave of backlash against the program.

The PPP legislation was intended to help small businesses hardest hit by the coronavirus-related shutdowns and quarantines.

Congress established the program for businesses that employ fewer than 500 workers, but restaurants and hotels were granted some flexibility.

The virus has forced economies throughout the world to come to a near standstill, bringing to a screeching halt global supply chains and caused tens of millions of workers to lose their jobs.

If small businesses don't have access to the stimulus funds, they will increase layoffs — many of these employees are minorities and all of them working-class Americans — or face bankruptcy, as is happening today.