Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reason
Reason
Politics
Eric Boehm

After Losing Billions to Scammers, This COVID Aid Program Won't Require All Loans To Be Repaid

After scammers made off with billions of dollars in pandemic-era emergency loans that were supposed to go to small businesses, the federal agency responsible for running that program is now giving up on getting many borrowers to repay what they owe.

In a new report, the inspector general for the Small Business Administration (SBA) says that decision might violate federal law.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.