Eight weeks in, businesses face hard choices over PPP loans

May 22, 2020
The federal relief loans can be forgiven if businesses spend 75% on payroll within eight weeks. For some businesses, that's a problem.
A bar in New York sells cocktails to go in March. Small businesses are still struggling eight weeks after the CARES Act became law.
Victor J. Blue/Getty Images

What we've learned so far about where the economy is headed

May 22, 2020
It’s been eight weeks since the CARES Act became law. Will the economic crisis it was meant to combat get as bad as the Great Depression?
There's still a lot that we don't know about how economic recovery will play out.
Josh Edelson/AFP via Getty Images

How we spent our relief checks

May 20, 2020
Economists at four universities studied the spending habits of about 1,600 middle and low-income consumers who got $1,200 direct payments. The money was spent on necessities like rent and food.
People shop at a Los Angeles grocery store. Americans spent their stimulus checks on the essentials, like rent and groceries.
Mario Tama/Getty Images

Workers forced to choose between feeling safe and jobs

May 6, 2020
More than 40 states have plans to lift restrictions, clearing the way for people to return to work. But are employees ready for that?
A customer waits his turn for a haircut in Lilburn, Georgia, on April 24, the day the governor allowed some businesses such as barbershops to reopen.
Tami Chappell/AFP via Getty Images

Unemployment benefits have expanded, but state systems aren't ready

Apr 7, 2020
Gig workers and self-employed now qualify, but accessing payments is still a challenge.
Unemployment benefits have been extended to self-employed people — like a barbershop owner in California — but the application is still confusing. Above, a closed barbershop in Boston.
Joseph Prezioso/AFP via Getty Images