Government Spending

COVID-19 relief pushes U.S. budget deficit to a record $3.1T

The massive figures were expected but still stunning, more than double the previous deficit record of $1.4 trillion that was registered during former President Barack Obama’s first year in office during the Great Recession in 2009.

Loan forgiveness underway for SBA's Paycheck Protection Program

The Small Business Administration is in the process of forgiving potentially millions of loans under the Paycheck Protection Program that were approved to support small businesses during the coronavirus pandemic, expecting the process will proceed efficiently.