Trump Erased Millions of Possible PPP Fraud Flags in Last Days in Office

An explosive new investigation of data from the Paycheck Protection Program (PPP) finds that, in Donald Trump’s final days in office, his administration rushed to eliminate oversight for loans which were flagged for potential fraud or further investigation — and wiped flags from nearly every one of the largest PPP loans. As the Project on Government Oversight (POGO) revealed in a report published Wednesday, over the course of several weeks before President Joe Biden was inaugurated, the Trump administration went on a spree of eliminating flags on PPP loans, the majority of which went directly to personally enriching the richest…

2021 Had Lowest-Ever Supplemental Poverty Rate, Thanks to Stimulus Provisions

Poverty rates hit a record low by some measures in 2021, the Census Bureau found in a new report released Tuesday, thanks in large part to the direct aid provided in stimulus bills passed by Congress over the first year of the pandemic. The Census Bureau found that the poverty rate hit an all-time low of 7.8 percent last year, while the child poverty rate fell to an all-time low of 4.5 percent, according to the Supplemental Poverty Measure. The Supplemental Poverty Measure takes a more holistic view of poverty, taking into account aid provided by public programs like Social…

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