Key COVID Relief Program Has Run Out Of Money

NEW YORK (AP) – The government’s key COVID-19 relief program for small businesses has run out of money. The Small Business Administration says the Paycheck Protection Program has been exhausted. As of Sunday, the PPP had given out nearly 10.8 million loans worth more than $780 billion since April of last year. The program, which has run out of cash and refunded by Congress twice before, was scheduled to expire May 31. It’s not yet known if lawmakers will approve another round of funding.