Watch CBS News

Funding stalled in Congress as Payment Protection Program runs dry

The $350 billion fund meant to help struggling small businesses hit by covid-19 has run out of cash. Funds from the Paycheck Protection Program were exhausted in less than two weeks and there are now questions about where the money went. CBS News Moneywatch senior reporter Stephen Gandel joined CBSN to explain which businesses were approved for the first round of loans.
View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.