US President Donald Trump gestures as he speaks after signing the Paycheck Protection Program and Health Care Enhancement Act in the Oval Office of the White House in Washington, DC, on April 24, 2020. The benefits of the landmark small-business relief program designed at the height of the pandemic mostly went to business owners rather than workers, a study from leading economists finds.

The study from authors including famed Massachusetts Institute of Technology economics professor David Autor, as well as several Federal Reserve economists, examined the $800 billion Paycheck Protection Program. It was circulated by the National Bureau of Economic […]

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By Donato