“Treasury Secretary Steven Mnuchin suggested Friday that the government should consider forgiving all taxpayer-backed small loans under the federal Paycheck Protection Program without verifying how the funds were used, a decision that could wipe away debt for millions of small businesses but would also substantially increase the risk of fraud,” the Washington Post reports.
Save to FavoritesYou're reading the free version of Political Wire
Upgrade to a paid membership to unlock full access. The process is quick and easy. You can even use Apple Pay.
- ✔ Become a member to get many great benefits.
- ✔ If you're already a member, log in for the full experience.
Recent Posts
Maybe Democrats Didn’t Do So Badly After All
Russell Berman: “Trump’s popular-vote margin has shrunk to about 1.5 percent—one of the tightest in the past half century—and because some votes went to third-party and independent candidates, he’ll fall…
The Gift of Political Wire
A Political Wire membership makes a fantastic gift. You can have your gift delivered immediately or pick any day of your choosing. And they’re 20% off for a limited time….
Trump to Roll Back Biden’s Electric Vehicle Policies
“Incoming President Donald Trump’s transition team is recommending sweeping changes to cut off support for electric vehicles and charging stations and to strengthen measures blocking cars, components and battery materials…
Canada’s Deputy Prime Minister Resigns From Cabinet
“Chrystia Freeland, the deputy prime minister who led Canada’s response to the first Trump administration, resigned on Monday from her cabinet role as finance minister, according to her resignation letter…
Trump May Not Spare Big Tech After All
Financial Times: “Musk certainly has the president-elect’s ear, and he’s brought other techies into Washington on his coattails. His techno-libertarianism seems to be resonating with Republicans, some of whom seem…
CNN May Have Been Duped by Syrian ‘Prisoner’
CNN chief international correspondent Clarissa Ward “may have been duped by a so-called Syrian prisoner — a man who could actually be a first lieutenant in the Syrian Air Force…
Trump Seeks Democratic Support for His Picks
“Donald Trump’s advisers are hoping to get bipartisan support for at least some of his less controversial nominees — starting this week with Scott Turner, Trump’s pick for Housing and…
Biden Plans Measures in Final Stretch
“President Joe Biden plans to take action on land protections, clemency and artificial intelligence in the final weeks of his administration, according to a memo to allies, as he looks…
Trump and SoftBank to Announce $100 Billion Investment
“Donald Trump and SoftBank Group CEO Masayoshi Son are set to jointly announce on Monday that the company is planning to invest $100 billion in U.S. projects over the next…
Netanyahu Tries Again to Boost His Power
“Fresh off a series of military victories, Prime Minister Benjamin Netanyahu is returning to his pre-war agenda of weakening the judiciary and boosting executive power. It had been shelved after…
Musk Has Already Had Massive Return on Investment
“Elon Musk’s net worth has climbed by more than $200 billion in 2024, a massive increase in the same year that the world’s richest person spent at least $277 million…
Democrats Need to Crack Sports Culture
“Soon after Vice President Kamala Harris became the Democratic nominee, deputy campaign manager Rob Flaherty turned his attention to sports,” Semafor reports. “The campaign needed to introduce Harris quickly to…
Steve Bannon Claims Trump Can Run Again in 2028
“Steve Bannon is pushing Donald Trump to consider a third presidential term in 2028,” the Daily Beast reports. “The controversial political strategist suggested the two-term limit on U.S. presidents doesn’t…
Many Hurricane Victims Not Applying for FEMA Aid
Washington Post: “Only about 15 percent of households in the affected region have applied to the agency for individual and household assistance, according to a Post analysis of months of…
Why Elon Musk Doesn’t Have Top Security Clearance
Wall Street Journal: “As SpaceX deepened its ties with the national-security agencies in recent years, the company’s lawyers advised senior executives not to seek a higher security clearance for Musk…
Historic Debt Could Block Trump’s Agenda
Politico: “Trump promised during the campaign that a combination of lower taxes, more energy production, looser regulations and punishing tariffs would generate ‘explosive’ growth to pay down the debt. And…
Quote of the Day
“The one thing I’ve always believed about public service, and especially about the presidency, is the importance of asking yourself: ‘Have we left the country in better shape than we…
Over 120 House Democrats Call for ERA Ratification
“More than 120 House Democrats have signed a letter asking President Joe Biden to urge the nation’s archivist to recognize the ratification of the Equal Rights Amendment by publishing the…
Kathy Hochul May Be Challenged by Her Number Two
New York Times: “Many lieutenant governors toil in the deep shadows to serve their state governors. But Mr. Delgado has apparently gone rogue, fueling speculation that he may seek to…
Another Judge Changes Mind About Retirement
Appeals Judge James Wynn Jr. of the Fourth Circuit “is the third Democratic-appointed federal judge to reverse their retirement plans since Trump’s election, and the trend has Senate Republicans hopping…