Renae Merle | The Seattle Times

August 8, 2020 at 11:40 am

Trump attempts to wrest tax and spending powers from Congress with new executive actions

WASHINGTON - President Donald Trump on Saturday attempted to bypass Congress and make dramatic changes to tax and spending policy, signing executive actions that challenge...

Nation & World

July 25, 2020 at 6:01 am

Banks face a unique coronavirus problem: Now everyone is wearing a mask

Face masks are mandatory at Walmart, Target and a growing number of retailers. President Donald Trump, who long resisted being photographed in a mask, now...

Business

July 14, 2020 at 9:06 am

Big banks prepare for protracted recession, report drastic drop in profits

Instead of a quick economic recovery at the end of the year, JPMorgan Chase expects the recession to be "much more protracted," said Jennifer Piepszak,...

Business

Treasury Secretary Steven Mnuchin speaks about the coronavirus in the James Brady Press Briefing Room of the White House, Tuesday, April 21, 2020, in Washington. (AP Photo/Alex Brandon) DCAB304 DCAB304

April 27, 2020 at 9:12 am

SBA program reopens with new glitches, new scrutiny after NBA franchise returns loan funds

WASHINGTON - The federal government relaunched its small-business aid program Monday, infused with $310 billion in fresh funding, but faced an outcry of complaints over...

Business

April 22, 2020 at 10:55 pm

Small-town banks scrambled to provide federal loans, outpacing national lenders

It was heartening "realizing that the work I was doing was so much bigger than myself and has a lasting impact on so many people,"...

Business

A sign announces Friday, April 17, 2020, that the fully-nude Red Garter Saloon, an adult entertainment club on Duval Street in Key West, Fla., will be “Clothed Until Further Notice” due to the ongoing coronavirus outbreak. Florida Gov. Ron Desantis has begun reopening beaches across the state, but bars, like the Red Garter Saloon, are to remain closed until further notice. (Rob O’Neal/The Key West Citizen via AP) FLKEY101 FLKEY101

April 22, 2020 at 5:04 pm

How to get a small-business loan under the new $484 billion coronavirus aid package

Congress and the White House are preparing to allocate another $250 billion in forgivable small business loans. An earlier $349 billion tranche of funding ran...

Business

April 20, 2020 at 9:56 am

Amid bipartisan criticism, Treasury attorneys review bank seizures of $1,200 stimulus checks, source says

Millions of people stand to have their stimulus payments garnished, although the exact number affected is unclear. The Treasury Department is reviewing whether it has...

Nation & World

FILE – In this April 2, 2020 file photo, a notice of closure is posted at The Great Frame Up in Grosse Pointe Woods, Mich. The government is closing in on the $349 billion lending limit on its Paycheck Protection Program that is sending relief money to the nationâ€™s small businesses. The Small Business Administration says that it has approved more than 1.6 million loans worth more than $339 billion. The program will likely reach its ceiling Thursday, April 16. (AP Photo/Paul Sancya, File) NYBZ403 NYBZ403

April 16, 2020 at 7:54 am

White House says new small business loan program is out of money, leaving many firms grasping for lifelines

A new lending program for small businesses maxed out Thursday and stopped accepting claims.

Nation & World

A person walks past closed shops wearing a mask in New York, March 26, 2020. President Donald Trump’s administration has substantially scaled back paid leave requirements for employers that were created by a new coronavirus relief law, effectively exempting many small businesses in a move that infuriated lawmakers who had fought to expand the benefit. (Desiree Rios/The New York Times) XNYT172 XNYT172

April 8, 2020 at 4:01 pm

SBA official blasts big banks over failure to quickly distribute loans to businesses

Big banks that took “free money" in 2008 are now turning their backs on small businesses, a high-level official from the Small Business Administration said.

Business

FILE – A Jan. 10, 2009 file photo shows a bank repo and foreclosure for sale signs outside a foreclosed home in Houston. (AP Photo/David J. Phillip/file)

April 1, 2020 at 2:34 pm

Here's what you need to know about paying your mortgage when money is tight

Mortgage servicers, which collect homeowners monthly loan payments, say they have already begun to see an uptick in borrowers seeking help and could quickly become...