Expanded unemployment benefits may bump people from welfare, other aid


Reading, PA – May 8: Major Joy Mudge, left, and Kristy Kushner, right the Director of Social Services, helps to organize boxes ready for distribution. During a food distribution at the Salvation Army location on South 5th Street in Reading, PA Friday afternoon May 8, 2020. (Photo by Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)

MediaNews Group/Reading Eagle via Getty Images

Expanded unemployment benefits have been a lifeline for millions of Americans who lost their jobs due to the coronavirus pandemic.

That lifeline, however, may reduce or eliminate the financial aid some get through other safety net programs such as

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EU unveils plan to borrow 750 billion euros to aid coronavirus recovery


The EU flags are seen in front of the Berlaymont, the EU Commission headquarter on May 19, 2020, in Brussels, Belgium.

Thierry Monasse

The European Commission has unveiled plans for a 750 billion euro ($826.5 billion) recovery fund as the region faces the worst economic crisis since the 1930s.

It will borrow these funds and then disburse them via the European budget — the EU’s common basket of cash that supports programs such as Erasmus. They will be repaid between 2028 and 2058. 

The 750 billion euros includes 500 billion euros in grants and 250 billion euros in loans to

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Most publicly listed companies keep U.S. small-business aid loans


Treasury Secretary Steven Mnuchin speaks as U.S. President Donald Trump and White House senior adviser Ivanka Trump listen during an East Room event highlighting Paycheck Protection Program (PPP) loans for small businesses adversely affected by the coronavirus disease (COVID-19) outbreak, at the White House in Washington, U.S., April 28, 2020. REUTERS/Carlos Barria

NEW YORK/BOSTON (Reuters) – More than four-fifths of publicly listed companies that received emergency small-business loans from the U.S. government have held onto them, sticking with a certification that they need the money, according to data from market research firm FactSquared.

Companies that should not have applied for

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U.S. expected to revise PPP aid program for small businesses: WSJ


A woman waits in front of a closed and shuttered storefront amid the coronavirus disease (COVID-19) outbreak in Lynn, Massachusetts, U.S., May 4, 2020. REUTERS/Brian Snyder

(Reuters) – The United States is expected to revise its aid program for small businesses to cope with the economic fallout of the coronavirus outbreak, the Wall Street Journal reported on Sunday.

The changes to the Paycheck Protection Program (PPP) are expected to include more flexibility to spend funds and more time to spend loans beyond the two months originally set, the newspaper reported, citing lawmakers.

Revisions to the program, launched in April, are

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