Lexington-Fayette, Kentucky 2021-02-22 12:15:22 –
Washington DC — White House Press Secretary Jen Psaki will hold a press conference on Monday.
The briefing is set to begin around 12:30 pm Eastern Standard Time, and the United States is approaching another tough milestone of 500,000 deaths from COVID-19.
Psaki has the potential to address the steps the Biden administration is taking to combat the coronavirus pandemic and its impact on the country.
One of those steps is the reform of the Paycheck Protection Program (PPP). The White House announced on Monday that it will have a 14-day period starting Wednesday. During this period, only companies with less than 20 workers can apply for relief through the program.
The government will also provide more financial support to owners, independent contractors, and self-employed people by revising the loan formulas for these applicants to secure $ 1 billion for companies in that category. It states that it will be useful to receive.
In addition, the government has access to PPP loans for non-citizen small business owners who are legal US residents by clarifying that they can use their personal taxpayer identification number (ITIN) to apply for relief. It states that it will secure.
Saki’s remarks will be made on the same day of the confirmation hearing of President Joe Biden’s candidate Attorney General Merrick Garland.