Mnuchin Calls for Forgiving PPP Loans to Smallest Businesses – The Wall Street Journal

WASHINGTON—Congress should consider automatically forgiving Paycheck Protection Program loans taken out by the smallest U.S. businesses—and offer a second helping of aid to firms hard hit by the pandemic, Treasury Secretary Steven Mnuchin said Friday.

The comments came at a House Small Business Committee hearing, where lawmakers in both parties signaled they want to push out more small-business aid as the U.S. continues to grapple with the coronavirus.

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