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Who got half a trillion in COVID loans? The Trump administration won’t say

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U.S. Secretary of the Treasury Steven Mnuchin speaks while President Donald Trump listens.

The $1,200 per person is part of the federal government's effort to take some economic pressure off individuals in this pandemic. Mandel Ngan/AFP via Getty Images

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The Small Business Administration was supposed to release detailed information about who got hundreds of billions of dollars of taxpayer-backed Paycheck Protection Program loans. But at a hearing yesterday, Treasury Secretary Steven Mnuchin said it’s “confidential information.” We’re going to talk a lot about the shredding of norms on today’s show … if Kai’s 6/10 recording setup can make it through the end of the taping.

Here’s a list of some of the stuff we’re talking about today:

Correction (June 12, 2020): A previous version of this page misstated how much in PPP loans could be kept confidential. The headline and text have been corrected.

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