The Pandemic Economy

Fiscal Responses to COVID-19

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What Coronavirus Job Losses Reveal About Racism in America

The catastrophic loss of millions of U.S. jobs is another part of the coronavirus pandemic that is falling disproportionately onto the shoulders of Black Americans.

Tracking PPP Loans: Search Every Company Approved for Federal Loans Over $150k

The Paycheck Protection Program includes about $659 billion in federally backed loans to small businesses, to be forgiven if used to prevent laying off workers. Our database lets you search what’s been disclosed so far.

Can I Be Evicted During Coronavirus?

Even if you live in a state that has not banned evictions, federal rules may still protect you. Look up your address to learn more.

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How Hotel Chains Got a Slice of Government Aid for Small Businesses

Up to $1 billion in small business relief dollars went to hotel chains with more than 500 employees. One beneficiary was the client of a former aide to Sen. Susan Collins who was among many lobbying her to create this special exception.

Demandaron a miles de prestatarios durante la pandemia, hasta que comenzamos a hacer preguntas

A meses de haber comenzado la pandemia, un prestamista que se comercializa entre los inmigrantes latinos siguió demandando a sus prestatarios, a pesar de que estos perdieron sus empleos y se retrasaron con sus pagos. No obstante, la compañía dio marcha atrás cuando nosotros comenzamos a hacer preguntas.

How the Trump Administration Allowed Aviation Companies to Keep Relief Money That Was Supposed to Go to Workers

One of the most generous programs of the bailout was meant to help airline industry companies keep their workers on the payroll. Some laid workers off first and then got the money anyway.

They Sued Thousands of Borrowers During the Pandemic — Until We Started Asking Questions

Months into the pandemic, a lender that markets to Latino immigrants continued to sue borrowers after they lost jobs and missed payments. But they reversed course when we started asking questions.

The Small Biz Double-Dip: Temp Companies Got Cheap Government Money, Got Paid by Clients for the Same Workers

One of the biggest beneficiaries of the Paycheck Protection Program for small businesses were temp agencies. Many have been able to turn the government loans into profits.

The Eviction Ban Worked, but It’s Almost Over. Some Landlords Are Getting Ready.

The CARES Act was largely successful in keeping millions of American renters from facing eviction during the pandemic. As protections fade, some landlords are gearing up to return to court.

Thousands of Small Business Owners Have Not Gotten Disaster Loans the Government Promised Them

A top official said 99% of funds were paid, but only 55% of small business owners reported receiving the money. Borrowers were told there was a technical glitch, but the Small Business Administration would not answer questions about it.

Different Names, Same Address: How Big Businesses Got Government Loans Meant for Small Businesses

ProPublica found at least 15 large companies that received over half a billion dollars in PPP loans using the same technique: Getting multiple loans sent to smaller entities they own.

The Airline Bailout Loophole: Companies Laid Off Workers, Then Got Money Meant to Prevent Layoffs

Three companies including Gate Gourmet, a global provider of airline meals, received $338 million in relief money for workers — and laid workers off anyway.

Trump Administration Discloses Some Recipients of $670 Billion Small Business Bailout

After resisting its release, the administration revealed information on companies that received more than $150,000 in PPP funds.

Oyster, Air Fryer and Bicycle Companies Say Their Goods Are Essential to Fighting Coronavirus So They Can Get Tariff Relief

Trump’s trade agency is taking applications for products that should escape new tariffs. Companies making everything from shoes to hors d’oeuvres are submitting justifications that are … creative.

Stop Seizing Paychecks, Senators Write to Capital One and Other Debt Collectors

Wage garnishments ordered before the pandemic started have continued for many workers during the recession. Senators Elizabeth Warren and Sherrod Brown have demanded an end to the practice.

Capital One and Other Debt Collectors Are Still Coming for Millions of Americans

As the COVID-19 pandemic hit, Americans got protection from evictions, foreclosures and student debt. But debt collectors have continued to siphon off their share of paychecks from those who still have jobs.

This Treasury Official Is Running the Bailout. It’s Been Great for His Family.

Deputy Treasury Secretary Justin Muzinich has an increasingly prominent role. He still has ties to his family’s investment firm, which is a major beneficiary of the Treasury’s bailout actions.

Can You Be Evicted During Coronavirus? Here’s How to Find Out.

The CARES Act temporarily protects millions of renters from being evicted, and many states and cities passed their own rules to help those struggling to pay rent. Use our new database to find out if eviction bans might apply to you.

The Trump Administration Says a New Bailout Program Will Help 35 Million Americans. It Probably Won’t.

Experts from across the political spectrum fear that the Federal Reserve’s new Main Street Lending program won’t reach enough businesses or save enough jobs.

ProPublica Joins News Organizations in Suing for Small Business Program Loan Info

The Small Business Administration, which is administering the lending program, has said it will disclose the names of companies that got loans — just not yet. News organizations are suing to stop the delay.

The Bailout Is Working — for the Rich

The economy is in free fall but Wall Street is thriving, and stocks of big private equity firms are soaring dramatically higher. That tells you who investors think is the real beneficiary of the federal government’s massive rescue efforts.

Did Your Company Get Bailout Money? Are the Employees Benefiting From It?

How has your company treated its workers during the crisis? As bailout money in the form of huge loan programs reaches to your company, what are you watching for or worried about?

Millions of People Face Stimulus Check Delays for a Strange Reason: They Are Poor

The IRS has had trouble getting money to people quickly because millions of Americans pay for their tax preparation through a baroque system of middlemen.

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