According to the first nationwide assessment of COVID-19’s economic impact on minority small-businesses, only 1 in 10 received the funding they requested.
Word of the drug came as the U.S. government reported that American economic output is shriveling in the biggest and fastest collapse since the Great Depression.
More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday.