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The above clip from C-Span features President Trump, Treasury Secretary Steven Mnuchin, Ivanka Trump, and Small Business Administration (SBA) Administrator Jovita Carranza on Tuesday, April 7, 2020. They hosted a conference call at the White House with executives from major and regional banks to discuss initiatives to provide relief to small businesses during the COVID-19 pandemic. The clip only features President Trump's announcement.
The entire 49-minute video shows executives talking about their efforts to lend money to small businesses in order to maintain payroll and other business operations. Secretary Mnuchin stated that he has been working with congressional leaders to secure an additional $250 billion to replenish the SBA’s Paycheck Protection Program, which was created as part of the CARES Act relief legislation and has been facilitating the loan applications.
Syreeta V. McDaniel, MBA is a strategic writer and SME business consultant who is best known by her clients for her prowess in White Paper and Business Plan Writing as well as Gov't Contracts and Int'l Business. She enjoys making organic treats for her dogs.