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The Latest Breaking News from SBA

'The Economy Is Quite Booming'—Dave Ramsey Shuts Down Caller Blaming The Economy For Her Struggles. 'The Economics At Your House Suck'

When a recent caller tried to blame the economy for her family's million-dollar debt, Dave Ramsey fired back that it’s not the economy’s fault.

Benzinga

Former Phoenix news anchor sentenced to 10 years for $63m fraud in Covid relief scheme

Stephanie Hockridge and her husband falsified details to obtain PPP loans guaranteed by US small business agency

The Guardian - US

Elon Musk's Trillion-Dollar Pay Plan Receives Support From Florida Fund Holding $1 Billion In Tesla Stock

The State Board of Administration (SBA) of the Florida Retirement System (FRS) has backed Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's new compensation award. The agency is responsible for managing and investing on behalf of the FRS Trust Fund and owns over $1 billion in Tesla shares. It also manages over…

Benzinga

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Federal agencies blaming Democrats for shutdown in potentially illegal move

Departments and staff are using out-of-office emails and websites to engage in partisan political activity

The Guardian - US

Dave Ramsey Guides Couple Facing $1 Million Crisis Through Business Failure, IRS Threats, Bankruptcy Decisions

A caller to The Ramsey Show on Monday revealed he and his wife are drowning in nearly $1 million of debt, prompting financial expert Dave Ramsey to offer tough but compassionate guidance.

Benzinga

Elon Musk's Neuralink Claimed 'Small Disadvantaged Business' Status—Right Before Venture Investors Gave It A $9 Billion Valuation

Elon Musk's brain-tech company Neuralink briefly claimed it was a “small disadvantaged business” in a federal filing—just weeks before raising $650 million and being valued at more than $9 billion.

Benzinga

Elon Musk’s $9B Neuralink told federal government it’s a ‘small, disadvantaged business’

The company hopes to give 20 to 30 people brain implants by the end of the year

The Independent UK

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4 Ways Elon Musk and DOGE Saved Americans Money

In the early hours of May 29, Elon Musk, CEO of Tesla and SpaceX, posted on his platform X that his time as a special government employee was coming to an end. For 130 days, Musk had led the...

GOBankingRates

Far-right flag used by Jan 6 rioters flown above government agency in DC

A picture of the ‘Appeal to Heaven’ flag, flying just below the U.S. flag was shared by Kelly Loeffler, the former senator from Georgia and current administrator of the Small Business Administration

The Independent UK

7 Free Resources for Starting Your Own Business

Launching a new business is an exhilarating yet daunting endeavor, often accompanied by significant financial concerns. Fortunately, a wealth of free business resources exists to help aspiring entrepreneurs navigate the initial hurdles without breaking the bank. These tools and platforms can provide invaluable guidance on everything from planning and funding…

Budget and the Bees

Trump’s mass federal cuts disrupt LA wildfire recovery: ‘It’s coming tumbling down’

Doge has cut staff at Fema, EPA and the army corps, who are crucial for helping survivors get back on their feet

The Guardian - US

The NFL and College Football Fight for the Calendar Is Brewing

Work is expected to resume this summer on reexamining college football’s overarching calendar to include everything from the potential for OTAs to portal reform.

Sports Illustrated

US gambling firms fight protections meant to reduce addiction-related harms, watchdog warns

Firms pushed back against proposed regulations after surge in online gambling since 2018 supreme court ruling on sports betting

The Guardian - US

Experts say White House’s rehoming of student loan program will put borrowers at risk

Trump announced loan program will be moved from Department of Education to Small Business Administration

The Guardian - US

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The Independent UK

SBA to cut half its workforce - all while taking on student loan management

The student loan portfolio totals more than $1.6 trillion – the same size as some of the largest banks in the U.S.

International Business Times

Student Loans And Special Needs Programs To Be Shifted To New Departments, Says Trump

The Federal Student Aid Office has more than 1,000 employees, but it is uncertain if they would be transferred to the SBA.

The Independent UK

Small Business Administration to reorganize, cut about 2,700 jobs

The Small Business Administration said it will cut its workforce by 43%, or about 2,700 jobs, as part of a reorganization

The Independent UK

Small Business Administration to relocate 6 offices in so-called 'sanctuary cities'

The Small Business Administration said it will relocate six of its regional offices in so-called “sanctuary cities,” part of a broader Trump administration effort to crack down on cities that it deems have immigrant-friendly policies

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Top News

House Committee Calls For Answers On SBA Electioneering Allegations

Rep. Roger Williams urges SBA chief to address concerns on electioneering and COVID relief fund misuse.

Top News

Kelly Loeffler Confirmed To Lead Small Business Administration

Kelly Loeffler, a former senator and Trump supporter, confirmed to lead the Small Business Administration, overseeing services like Economic Injury Disaste...

Latin Times

Scores of Federal Workers Fired As Trump's Government Purge Begins: Report

More than two weeks since President Donald Trump announced major plans to downscale the government, mass firing at multiple U.S. government agencies begun on Feb. 11, union sources and employees familiar with the layoffs told Reuters.

Fortune

Trump's small business department fired staff and said it was an accident—then emailed the next day re-firing them

Probationary staffers reportedly received a series of emails relating to terminations amid widespread headcount cuts in department agencies.

International Business Times

SBA Layoff Chaos: Agency Sends, Retracts, Then Confirms Termination Notices

The new emails informed the staff that their employment was being ended immediately, replacing the earlier draft termination letters, which had stated their departures would take effect on Feb. 21.

Top News

Senate Committee Advances Nomination Of SBA Administrator Pick

Kelly Loeffler, nominee for SBA administrator, pledges to donate salary to charity if confirmed. She aims to enhance government efficiency and support entr...

Top News

Former Sen. Loeffler To Donate Entire Federal Salary To Charity

Former Sen. Kelly Loeffler, nominee for SBA administrator, pledges to donate her federal salary to charity if confirmed, continuing her history of philanth...

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