Telegram
Some Form of New PPP Funding Should Pass in Coming Weeks

Federal policymakers ended the week deadlocked over the politics of approving new funding for the popular small business part of the CARES Act, Payroll Protection Program (PPP). The Small Business Administration announced that the initial $350 billion of funding had been committed and that they would no longer accept applications or new bank participants until the program was refunded.

Republican leader Senator Mitch McConnell had outsmarted the Democratic Congressional leaders by suggesting last week that the PPP was going to run out of money and proposing at $250 billion refunding. He had made that suggestion in consultation with the Administration but without obtaining a sign-off from Democratic Senate leader Chuck Schumer or Speaker of the House Nancy Pelosi.

You are trying to access FSI member-only content.
You need to have an active FSI Macro, or FSI Pro subcription in order to read this article.
If you are already a member at FSInsight, please Sign In here. If you don’t have a subscription to FSInsight yet, you can sign up below.

Choose one of our yearly plans to save nearly 15%

We accept crypto via BitPay for yearly subscriptions.
    • Macro
      FSI Macro
      from
      $
      199
      /mo
      billed anually
      Get access to all the macro research on FSInsight
      • Tom Lee's First Word
      • Tom Lee’s Equity Strategy
      • Stock Lists
      • ETF Sector Allocation
      • Wall Street Whispers
      • Signal From Noise
      • Technical Analysis
      • US Policy
      • Fed Watch
      • Live Webinars with Q&A
      First Month Free!
    • Crypto
      FSI Digital Assets
      from
      $
      99
      /mo
      billed anually
      Get access to all the crypto research on FSInsight
      • Crypto Daily
      • Crypto First Word from Tom Lee
      • Crypto Blasts from David Grider
      • Crypto Weekly
      • Crypto Technical Analysis
      • Bitcoin Valuation
      • Bitcoin Misery Index
      • Live Webinars with Q&A
      • -
      • -
      First Month Free!
    • Macro + Crypto
      FSI Pro
      from
      $
      249
      /mo
      billed anually
      Get access to all the exclusive research on FSInsight
      • Looking at code?
      • I am hidden!
      • -
      • FSI Macro
      • +
      • FSI Digital Assets
      • Designed by
      • HANGAR115
      • -
      • -
      First Month Free!
Disclosures (show)

Want to receive Regular Market Updates to your Inbox?

I am your default error :)
FSInsight logo
150 East 52nd St, 3rd Floor, New York, NY 10022

Subscribe to our Free Weekly Report

An insitutional-grade report delivered to your inbox every week.

© 2021 FSInsight. All rights reserved. Developed by HANGAR115.

Illustrations by Karl Wimer.