Joint Statement by SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin on the Resumption of the Paycheck Protection Program

Joint Statement by SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin on the Resumption of the Paycheck Protection Program

Washington, DC… Administrator of the U.S. Small Business Administration Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today on the resumption of the Payroll Protection Program (PPP).  “We are pleased that President Trump has signed into law the Paycheck Protection Program and Health Care Enhancement Act, which provides critical additional […]

LabCorp COVID-19 At-Home Test Kit Receives FDA Emergency Use Authorization

LabCorp COVID-19 At-Home Test Kit Receives FDA Emergency Use Authorization

Burlington, NC…LabCorp (NYSE: LH), a leading global life sciences company that is deeply integrated in guiding patient care, today announced that it has received an Emergency Use Authorization (EUA) from the U.S. Food and Drug Administration (FDA). The EUA permits nasal swab specimens to be collected at home using the Pixel by LabCorp™ COVID-19 test home […]

Abbott Shipping 4,000,000 COVID-19 Antibody Tests This Month & 20,000.000 By June

Abbott Shipping 4,000,000 COVID-19 Antibody Tests This Month & 20,000.000 By June

Abbott Park, IL…This adds to Abbott’s previously announced COVID-19 molecular tests: the m2000™ lab-based test and ID NOW™ rapid point-of-care test. New antibody test will run on Abbott’s ARCHITECT® i1000SR and i2000SR laboratory instruments and will expand to its new Alinity™ i system. Abbott is shipping now and intends to distribute 4 million tests in […]

President Donald J. Trump Announces Guidelines for Opening Up America Again

President Donald J. Trump Announces Guidelines for Opening Up America Again

Washington, DC…This morning, President Donald J. Trump convened two bipartisan dialogues with Members of the Opening Up America Again Congressional Group to discuss the next chapter of the COVID-19 recovery.  This afternoon the President celebrated the vital role truckers play in keeping America well-stocked.  Later, the President discussed his health-based vision for putting our Nation […]

COVID-19 Economic Impact Payments: What You Need to know

COVID-19 Economic Impact Payments: What You Need to know

Washington, DC… The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. However, some seniors and others who typically do not file returns will need to submit a simple tax […]

Jobless Claims Soar to 3,283,000 as Coronavirus Strikes Jobs Market

Jobless Claims Soar to 3,283,000 as Coronavirus Strikes Jobs Market

Washington, DC…During the week ending March 21, the increase in initial claims are due to the impacts of the COVID-19 virus. Nearly every state providing comments cited the COVID-19 virus impacts. States continued to cite services industries broadly, particularly accommodation and food services. Additional industries heavily cited for the increases included the health care and […]

McConnell on Bipartisan Coronavirus Relief: “The Senate Stepped Up” as Senate Passes $2 Trillion Stimulus Bill 96-0

McConnell on Bipartisan Coronavirus Relief: “The Senate Stepped Up” as Senate Passes $2 Trillion Stimulus Bill 96-0

Washington, DC…U.S. Senate Majority Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding the Coronavirus Aid, Relief, and Economic Security (CARES) Act: “It has only been 65 days since the first American tested positive for the new coronavirus on our soil. “In barely two months, this pandemic has upended our […]

Tax Day Now July 15: Treasury, IRS Extend Filing Deadline and Federal Tax Payments Regardless of Amount Owed

Tax Day Now July 15: Treasury, IRS Extend Filing Deadline and Federal Tax Payments Regardless of Amount Owed

Washington, DC… The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. […]

Federal Reserve Announces Extensive New Measures to Support the Economy

Federal Reserve Announces Extensive New Measures to Support the Economy

Washington, DC…The Federal Reserve is committed to using its full range of tools to support households, businesses, and the U.S. economy overall in this challenging time. The coronavirus pandemic is causing tremendous hardship across the United States and around the world. Our nation’s first priority is to care for those afflicted and to limit the […]