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Trump denies ongoing problems with small business loan program: ‘It’s a very, very successful rollout’

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At the latest coronavirus task force press briefing on Thursday, President Donald Trump was asked about the ongoing problems with the Paycheck Protection Program, the portion of the CARES Act that offers stimulus relief to small businesses through banks. Trump’s response was to push back on the idea there was a problem at all.

“I’m hearing it’s a very, very successful rollout,” said Trump, noting that, “They’re doing record numbers of dollars.”

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A number of small businesses have reported difficulty in requesting the money for which they are eligible. Some large banks, like Wells Fargo, have been inundated with requests, and are already bumping up against the stimulus cap.


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China vows to retaliate for Trump’s Rose Garden press conference — and could impose new sanctions on America

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US President Donald Trump said Tuesday he was ending preferential trade treatment for Hong Kong and had signed into law an act that authorises sanctions on banks over China's clampdown in the international finance hub.

In a discursive news conference dominated by attacks on his domestic rivals, Trump declared himself to be the toughest president ever on China, a country he is increasingly positioning as his nemesis ahead of November elections.

Trump announced that he had issued an executive order on Hong Kong as he predicted decline for the restless city, on which Beijing recently imposed a tough new security law.

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2020 Election

Trump’s former White House doctor Ronny Jackson wins GOP runoff for Congress in Texas

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Ronny Jackson, the former White House physician and President Donald Trump's onetime nominee for secretary of veterans affairs, has won his bid for the Republican nomination for a solidly red congressional seat in the Texas Panhandle.

With 100% of polling locations reporting, though some mail-in ballots will still need to be counted, Jackson held a lead of 11 percentage points over Josh Winegarner, a veteran agriculture expert and lobbyist. Jackson and Winegarner were competing for a seat being vacated by U.S. Rep. Mac Thornberry, R-Clarendon, who is retiring and held the seat since 1995.

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Ivanka Trump’s tweet raises eyebrows: ‘Why is a senior White House official endorsing a food product?’

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As her big brother was dragging their 14-year-old half brother into the 2020 campaign, senior White House advisor Ivanka Trump was endorsing a line of canned food products.

If it’s Goya, it has to be good. Si es Goya, tiene que ser bueno. pic.twitter.com/9tjVrfmo9z

— Ivanka Trump (@IvankaTrump) July 15, 2020

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