Too risky? Fed pressed to expand aid to some businesses
August 30, 2020
WASHINGTON (AP) — With the economy still in the pandemic's grip, the Federal Reserve is facing a decision on whether to stretch an emergency lending program in a way that could bring more risk for the government and taxpayers. Lawmakers are pressing the central bank to deliver more aid to struggling small and mid-sized businesses.
The economic recovery has been uneven and painfully slow in the wake of shutdowns from the coronavirus. The pandemic has killed some 180,000 people in the U.S., and the number of laid-off workers collecting jobless benefits exceeds 14.5 million.
And now many law...