Politic > Economy

Congress's trillion-dollar question: How many jobs did small-business rescue save?

21 days ago   |   By Politico

When the Senate on Thursday voted to extend the nearly $1 trillion Paycheck Protection Program, there were few dissenters for a pandemic-relief program that lawmakers say has sustained tens of millions of small-business jobs.
Yet many economists say the jobs claim is exaggerated. And in reality, almost a year after the popular program's launch, Congress, the Biden administration and even small-business advocates have no firm estimate of how many jobs it saved. Federal watchdog agencies say the data isn't available, and academics offer a wide range of estimates for how much the...
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