the ppp an idol were massive, massive programs. in fact, you have about 4 million in loans that are coming to you. did you not request additional resources for so s.p.a. you can process these loans that are coming to you? >> yes, i believe the 2023 budget makes a request for servicing. what you're referencing is in october. less than 60 days from now, we will begin to service payments as the committee knows, and as you know senator, there is three months of deferment. i am pleased to report that a third of covid idle recipients have already made payments during this time. that is encouraging. but yes, we will begin servicing that number. it is referencing in his opening remarks, it is a massive number. we will need resources. >> mister chairman, i hope that we are going to be supporting the administration's request for additional resources. otherwise, you're going to have, i would say, the word kiosk comes to mind. the s.p.a. will do its best with its resources to administer all of these loans. you have heard a lot about people in

we've all seen this story about the bmw with a license plate ppp loan. this is manhattan in new york, and we have seen so many of these cases. i don't think the program was her for folks to buy brand-new vehicles. but as a programs would driving down and they're sticking to the fraud identification phase, i am concerned that it seems everybody cares about fraud mitigation and prosecution except maybe the folks in your office. we really need the sba to step up on this. so will you commit to implementing each of the recommendations the oig and gao have made to your office so that we can actually limit the waste, fraud, and abuse of our taxpayer funds? >> yes, and we have. so inspector where also mentioning this testimony specifically is that under the biden-harris administration we've made great progress on the items you have identified. specific to covid eidl program. there was -- what am going to do is list the choices made in the previous administration during 2020 that were not in place and of these changes were made in 2021 by the biden-harris adminis

and here is the ppp mechanism. it seems to me that, for which the parent minister is also responsible, it is slightly underestimated in the sense that we need to take more risks on the state and actually provide guaranteed income for such projects under the investment project and state order through the mechanism of the ministry of internal affairs. if if we collect all this, then in general we have, like a shoulder, but long-term financing of long-term money and projects will be for this. and we brought you. we hope banks with their regulation will do. and we will succeed more, but unfortunately, we understand that banks cannot finance in the long term without having long liabilities. this is also a big problem. only 11% there, 10% there, these are liabilities for more than three years in the banking sector. and here it is possible, of course, through mechanisms, for example, for revocable. uh deposits of individuals under a full guarantee, a and ours we we are also thinking about this somehow to turn the situatio

there are a lot of congressman and senators that got the ppp loans. are you telling me we should just forget about that and not worry about the student loans? that just doesn't sitit well wih me and i'm terribly upset. so if we can sue the government for forgiving student loan we can certainly sue the government for giving billionaire loans, thankrn you. >> host: fred, new jersey. independent. >> caller: thank you for taking my call. i would like to say something about immigration. i think it'sik unfortunate that too many people fail to understand that immigration is an environmental issue. because people are living an advanced industrialized country like the united states is a lot more of our natural resources and people are living less -- [inaudible] we don't need more people inan e united states and the american people get that, which is why the s birthrate is where it is,, just enough to sustain the population. but as 1 million people are coming in a year and illegal in some a more coming in the southern borders since biden became president, they

e ppp loans. we'll be right back. right back. for adults with generalized myasthenia gravis who are positive for acetylcholine receptor antibodies, it may feel like the world is moving without you. but the picture is changing, with vyvgart. in a clinical trial, participants achieved improved daily abilities with vyvgart added to their current treatment. and vyvgart helped clinical trial participants achieve reduced muscle weakness. vyvgart may increase the risk of infection. in a clinical study, the most common infections were urinary tract and respiratory tract infections. tell your doctor if you have a history of infections or if you have symptoms of an infection. vyvgart can cause allergic reactions. the most common side effects include respiratory tract infection, headache, and urinary tract infection. picture your life in motion with vyvgart. a treatment designed using a fragment of an antibody. ask your neurologist if vyvgart could be right for you. when it was time to sign up for a medicare plan mom couldn't de

and if you got ppp relief for your fraudulent business then you're probably going to jail.lled two blacks with one loan. [laughter] i go by the name of charlamagne tha god, and it's been a hell of a week. queen nyla, let's get it. [cheers and applause] ♪ oh, lord, jetson made another one ♪ ♪♪♪ man: charlamagne known for being honest. ♪♪♪ uh, before we get started, i gotta introduce the best panel in late night. he's a former nfl wide receiver and the host of the "i am athlete" podcast. make some noise for brandon marshall, y'all. [cheers and applause] that avirex is very fresh. very fresh. she's a new york times best-selling author and activist, marianne williamson. - [cheers and applause] - peace, marianne. thanks so much, marianne. [applause] and she's a comedian and host of "pause with sam jay," it's sam jay, y'all. - [cheers and applause] - that's right. [applause] and later in the show, i'll be talking shit with my guy, michael rappaport. now, a lot happened this week. serena williams says she's retiring from tennis - after the us open, but... - audience: aww! i know,

we just went through massive ppp. i am not saying that wasn't necessary. if that wasn't a handout.at it is. >> no, no. >> you can. you can it is teachers who hold a massive amount of our student loans. >> i'll remind the audience of the ppp. it was a program government shut off entire economy once in a lifetime unknown pandemic threaten to kill everyone. government said we'll send businesses money to pay employees. that is what that program would you say. this is entirely different than someone taking a loan and saying i will pay it back out of my earnings, my parents bought a house at 29. i won't be able to do that. i need to get money. two different things. we have to leave it there. >> charles. also, this is the difference between congress deciding to give out ppp loans and present biden doing it by himself. >> one constitutional. big question mark. we'll leave it there, ladies. did you put off line because of all the hassle and delays? why they maybe coming to an end. what are investors on wall street to do? we have you covered. [music] ... (vo) get verizon business unlimited f

a study found 33% of latino owned businesses applied for ppp loans ppp loans but only 10% were app. white owned were approved at a r rate and had a similar percentae apply but 17% were approved. thy say they refuse to let that stop that stop them. they're helping other latino businesses run social media to be sure the digital footprint is strong to get more people inside the shops. >> that's a huge thing too. espy on this point, everyone is shopping on social media. i love love that abundance. >> amazing. >> the outreach too, showing hol and beautiful the would, work is. >> yes. > >> san francisco golden >> welcome back. time for a look look at your money watch report as florida assesses devastation ian has left behind, economic toll is expected to reach to the the tens of billions of dollarss tell cbs news the storms can bring disruption to tourism, fod production, other industries. rp says it expects up to 70 billion billion in economic losses relad to ian. that would rank it among among the most destructive storms to hit the united states. states. > >> mortgage rates rose for the

should the airlines have to pay some of the ppp money back?that is a great point. they try to have their cake and eat it too. that cake happened to be taxpayer dollars. here we are $54 billion later, but don't worry. to the judge's point, big bad pete buttigieg is on the case. big bad pete buttigieg made a dashboard for us this weekend. a dashboard you think interactive website, let's go on the people to budge dashboard appeared normally, you cannot print a dashboard but a chart of a poster board you would create that has all the airlines list of the checks and exits. as to whether they offer refunds, offer meals. this has done a dashboard but five people in a pizza office who put together something so we can have a long weekend. i hope you are enjoying your time, pete, we are looking at your -- board and getting no answers. >> joey: greg, the problem goes down to the supply chain we have people at the l.a. airport to take the bags off and sit there and wait three hours? there were people that own businesses that supply parts to the airplanes

for just like we did for businesses when businesses were struggling but we didn't needed to provide pppunds for forgetting regular everyday americans back on their feet so they can buy homes, get married and move on with life. >> you are confident the soul whether court challenges question if this is not going to drag out in court for years? what's your acting on our authority. we believe we have not only the right but the responsibility to make sure americans are not worse off after the pandemic than before. >> okay, so one more. we are doing with the teacher shortage at the moment. there has been a lot of talk about respect and teachers are under attack from many directions. both the content of what they are teaching, or the debate around crt and lgbtq issues et cetera, et cetera. how do you address this element teachers themselves are mentioned with the lack of respect and they just don't want to deal with that? >> i was a 21 year old student teacher in hartford, connecticut. i remember wearing a tie every ntsingle day. i was like ten years older than the kids. i had a veteran teache

personal touch made the difference for many of our clients navigating the ppp process.the outset of the pandemic and in the middle of our merger, thousands of our teammates work directly with their business clients to meet their fast changing financial needs. i'm extremely proud and appreciative of the client letters we received, thanking our teammates for their help and ensuring ppp loans that help their small businesses open and their employees employed. for the many other stakeholders we serve, our mission is to optimize long term value through safe, sound and ethical practices. truist is a main street bank and teammate serve our clients that more than 2000 branches and 17 states and washington, d.c.. we are committed to being a good neighbor and giving back to the communities where we do business. in 2000, 19 we committed to a 60 billion-dollar community benefits plan which included mortgage lending for low and middle income borrowers, commitments to small businesses and community development lending, community development grants, as well as the establishment of 15

thank you for your willingness to help with the ppp .other points of defense cooperation were also discussed in detail. they understood quite a lot of them. to make it a really strong not symbolic state for today there is still something to add to the eighth sanctions package the conversation with the prime minister of canada was, as always, very specifically, and concerned primarily how canada can increase support for ukraine, among other things, they discussed demining, canada has the appropriate technologies and the appropriate humanitarian ambitions. war, ukrainian land is one of the most polluted by mines in the world, and although there are similar examples of large-scale pollution in the world, we must do what others have not done so far, we must set a precedent rapid and large-scale demining. do not leave this problem for a decade. i thank the channel for its willingness to help us with ms. listras. we discussed the possibilities of britain, increased sanctions against russia, as well as increasing defense aid for our country. wi

know, although again, there is no need to scare us with anything, and the response of the ukrainian pppas already been clearly shot down in the last day, six six, i emphasize 6 drones . does not correspond to reality, because actually there are barely more than 150 unmanned seagulls on combat duty in iran itself, the maximum absolutely, mr. yevhen, that is, if we shoot down at least 2-3 every day, i understand that several of them are exhausted enough and the main seams i apologize i reassure the ukrainians enough the speed of this drone is 150-180 km it roars like a mother-skeleton engine there that is, it can be heard even in isolation and visually and accordingly shot down i don’t know using ppu systems or missiles cost much more the cost of the drone is barely more than 20,000 dollars. and even it is usually a small-arms weapon to be demonstrated in odessa when we watched these shots with pleasure, so again i finish it is not worth us to frighten the ukrainians, they immediately cleverly approached the solution of this very important point in the opinion of the russians, absolutely

if we just held steady we did not do ppp, we did not do unemployment, we did not do any of that and they said were going to have trouble. thank goodness for my point of view we did a lot to keep the economy moving. and obviously there is year-over-year increase inne prices. but if we go forward on an annualized basis just based on august it's one point to percent for the next year. if you look at the whole summer it's less than that. so, what i am t worried about is an overreaction by the federal reserve. the last time he saw that increase interest rates like this was back in the 80s and early 90s. i can tell you colorado got clobbered.an housing market stopped as did everything else. i'm going to turn to you because the dnc had a pretty good sized subsidiary called the kissel company in those days. i don't know if you are familiar with it. it suffered a lot of foreclosures in the 80s and 90s as did some predecessors student u.s. bank insert lane j.p. morgan city had the same issues. so what do you see? what does your banks the on the horizon in terms of foreclosures question if mr. diam

of purchasing power priority are approximately equal to about 3-3, there are two trillion dollars in ppp say, we invest in e, neokry about 1% of gdp, there is a little more e in germany 3%. this is the difference. mainly for account of private investment in neopres. that's when we have unfortunately, er, that is, most of us are investing. uh, private investors in neocras. here we have an inverse relationship, while uh is inversely proportioned, so that's when we cross this line, when private individuals trust our company unconditionally on the basis of those institutions and, uh, guarantees that will be created. eh, they will start investing more even then. i think we will be on the verge of a fairly serious long-term success. it's possible, yes, i just can't know, here's andrey, yes. good that dependence e, that is, the possibility of our resource-based economy. this is our weakness. i would argue here. why is it that our strength is also strength too? why is the oil and gas sector, by the way, very high-tech and investment in high-tech. eh, the sector is also worth a lot, but that's no

personal touch made the difference for many of our clients navigating the ppp process. at the outset of the pandemic and in the middle of our merger, thousands of our teammates work directly with their business clients to meet their fast changing financial needs. i'm extremely proud and appreciative of the client letters we received, thanking our teammates for their help and ensuring ppp loans that help their small businesses open and their employees employed. for the many other stakeholders we serve, our mission is to optimize long term value through safe, sound and ethical practices. truist is a main street bank and teammate serve our clients that more than 2000 branches and 17 states and washington, d.c.. we are committed to being a good neighbor and giving back to the communities where we do business. in 2000, 19 we committed to a 60 billion-dollar community benefits plan which included mortgage lending for low and middle income borrowers, commitments to small businesses and community development lending, community development grants, as well as the establishment of

thank you for that not just not for creating systemic problems with actually getting the ppp which were so important to so many businesses in my district. i say all of that just because i want to focus on risk. and they have the three questions of risk about -- 70% plus of the market has migrated of a banking environment. with a lot less visibility. take a minute to talk about whether we should be focused on that risk. mr. moynihan, i would ask in a minute or so about whether there are non-obvious risks that mister dimon has not covered. and miss fraser, i'm gonna close on you because of your global footprint, what risks do we have out there that women have jurisdiction. over whether asia or europe, could be transmitted to our system here? mr. dimon, the mobilization. market >> i would not call it systemic. it is riskier because companies do not advance -- funds during a crisis. we could. we do need to reform and for the sake of the industry, and we could get mortgages and all times. >> mr., moynihan, what are the risk for not thinking about? now what are the bullets were not seeing whe

complaining that businesses were not forced to shut their doors and provided support for businesses through ppp. a lot of those businesses that are still open now would not have been open if not for that. we invested in businesses, now we are investing in americans to make sure they get back on their feet and move on with their lives. >> chris. >> thank you for doing this i just had a question about the pslf waiver. extension on the payment is supposed to go through the end of the air. a group of lawmakers recently wrote to the department to aspirate -- for an extension on the waiver. i just want to know if that is in play. is that part of the announcements regarding the suspension about a month or so in advance, so i was wondering when we might see any interest about that. sec. cardona: as i said before, this was broken pretty badly. 98% of people were denied. 175,000 people are getting benefits. based on what congress acted on in 2007, the waiver is a limited waiver. even if they are not sure if they qualify for it, we are really pushing that. in terms of an extension, we are not announcing a

we're starting to see that bank of america is refusing to forgive some ppp loans in full.but in terms of the portal, the bank of america set up it's very difficult to appeal these decisions and in fact what we're seeing is that bank of america had pre populated forgiveness amount in their portal, sometimes drastically lower than small business owners had anticipated, and had qualified for. in instances where the small business owners had documentation, there is very little recourse or appeal. does your portal make it easy to appeal the decision so that after two attempts, the fda can then take over the case? >> borrowers can appeal, 95% of loans are forgiven, we're talking about the 5% of loans. a substantial part are going to the appeal process as we speak. -- more in the process of finishing up that last 20,000 or so loans. it's a small amount of loans, and we're finishing it. up >> to certify that 95% is a full forgiveness amount? >> full of -- >> full forgiveness and not? partial >> the vast majority are full forgiveness. >> so, i apologize, not to belabor the point, i

bankruptcies and because of all the aid -- the fiscal policy that aid in businesses because of the ppptop of all the stuff they gave to airlines and on top of all the stuff they gave out including very low interest rates, that helped with banks lending to these companies, you know, you'd have to be doing something really special to declare bankruptcy after, you know, up until very recently. we've had some bankruptcies recently. revlon was a zombiish company. liz: because interest payments were due. >> bed bath and beyond is on the verge and it's starting to happen. wall street is basically looking at this picking up steam even more and being a sort of growth area for restructuring. one firm, that's talking about expanding their restructuring department fairly significantly according to how many people i have that, it's morgan stanley and there's no comment and they're not denying it but we understand that they're clearly looking at potential that there'll be so many -- with rate hikes, with companies unable to make debt payments because they borrowed to much. with so many zombie compan

. >> it's hitting the same business rates and ppp and guardian and the pandemic is the very same businessest struggle to survive, struggle to drive. they made it through and now they're seeing that their license of credit to fund pinata payroll is skyrocketing and your last segment and the restaurants especially. they're just absolutely getting hammered with food costs. the same businesses that survived and thrived through the pandemic, through all of the downturn are the same ones that are feeling the pain today. the gdp and businesses represent this nation with floating. cheryl, this is something that's very sensitive to what the federal reserve does. overnight you had jp morgan, citi, a whole bunch of other banks raising their prime rate and that makes credit card rates higher. it certainly brings up emergency rates, things like -- mortgage rates and things like that. yours is 6.5% to 7%. how does that in turn affect requesting customers? >> well, as t "the wall street journal" prime goes out, we put our small spread over the 6.5 and 7. they're lines of credit. commercial lines of credit

we support our clients with loans to help with financial lives. 95% of our ppp loans have been paid off forgiven. we work with our digital capabilities. we deliver transparent easy to use products and service to help our clients save, spend and borrow. beginning in 2009, we took steps to reduce overdraft usage. many overdraft fees when using cards at not allow them to opt in for a dozen years. we also created no overdraft fee accounts. now over 4 million in our client base. we've implemented fees for the consumer deposit accounts per leave reduce overdraft fees from $35 to $10 and we removed the ability to overdraft an atm. you can see that in the second quarter call reports that show fees are down 66% from last year's second quarter. the response to growth shows how we make an impact in communities. 2021 we continued our long record with three hunted $75 million in charitable gifts. our teammates reported 1.6 million volunteer hours in the year. we provide more than $2 billion of cdf eyes for small business and communities. we've invested in the common equity of dozens of minority inst

from covid stimulus, whether or not that's just direct stimulus, whether it's $700 billion in forgiven pppns? was that there some sort of artificial boost to the business >> well, no question that there was. it was the direct cash that people got that's one of the reasons why we're down this year from last year we were up against the stimulus the last couple quarters that said, we're still up over 35% over where we were in 2019 so the trend of people looking for experience, living healthy, exercising, those type of things, that's moved up. that's still there it's down a little bit from the stimulus money. >> all right ken hicks, the ceo of academy sports and outdoors, the stock has done well. congratulations. it's been a good day you're up on the year. not a lot of companies can say that, ken. >> thanks, brian. >>> the place of oil is continuing to sell off we are seeing a lot of selling pressure a lot of people maybe shorting crude oil. it's down almost 5% to $82.64. that's back to the left before putin's invasion, and his foolish wash with ukraine. that putin pop, if you will, has now be

one study found 32% of latino owned businesses apply for the ppp loans and only 10% were app, were approved, white owned businesses were approved at a higher rate with a similar percentage who applied, this morning a business nestled in the latino cultural district who who is not letting them stop. >> >> a quick walk down 24 in the mission district and it's clear that culture is not concealed. >> so many talented artists, so many talented people. >> from san francisco they went to school around the corner now they are using their love for art to >> this is to try to develop yourself and improve yourself. improve your situation and envi. and environment. >> that is what they are doing.d doing. evolved is more than a clothing store, for the last four years they have been dressing the community with art, creating and nurturing a space for people who look like them. >> there is ink on the screen and then we swipe. >> fernando began the day screenprinting one of his favorite designs. abundance. >> that is a design we made. we want to manifest that for ourselves and family and friend. and friends

moynihan are you aware how many ppp loans your bank has facilitate on behalf of its customers? >> about almost a 500095% are forgiven or repaid already. >> how many of those loans in terms of percentage have been forgiven in full as opposed to impart? >> the ones forgiven the vast, vast majority are forgiven in full. >> we are starting to see here was some reporting and this is one reason i was curious about the numbers, is that we are starting to see that bank of america is refusing to forgive is some ppp loans in i full. but in terms of the portal bank of america has set up it's very difficult to appeal these decisions. in fact that we are seeing is bank of america has a pre-populated a forgiveness amount in their portal sometimes drastically lower than small business owners have anticipated and had qualified for. and in instances where the small business owners havel documentation there is very little recourse orti appeal. for sure make it easy to appeal the decisions so that after two attempts the sba can then take over the case? >> hours can appeal 95% of loanw are forgive

there are a lot of congressmasn and senators -- congressmen and senators who had ppp loans. me that we should forget about that and not worry about the student loans? that does not sit well with me and i am terribly upset. so if we can sue the government for forgiving student loans we can certainly sue the government for forgiving billionaires' loans. host: fred. independent. caller: thank you for taking my call. i would like to say something about immigration and it is unfortunate that too many people fail to understand that immigration is an environmental issue because people who live in advanced industrialized country like the united states use up a lot more of our natural resources and people who live in less -- than people who live in less-developed countries. we do not need more people in the united states and the american people get that and that is why the birth rate is the way it is. but as people company legally and so many more, in through the southern borders. they claim that they are seeking amnesty, but that is because they have been told what to say. i do not

not only businesses, you know, we helped provide over 9% of the ppp loans that came out. there the day after they were available that was a tremendous help now, the employer retention tax credit, we've done a tremendous job giving over 45,000 of our clients employer retention tax credit helping them get that for over $8 billion. probably on average $190,000 subsidies like that have really helped carry over businesses into a tough time and maybe we ought to keep an eye on something like that for the future. >> i think that's a great point. john, in a time since marty came in, it seems like many states have changed the rules on small business and one of the things that is very important is that paychex changed with them. how many different rules in the time -- you've been here for awhile how many rules changed and how much more advice do you have to give to clients, which is very sticky when you give that advice >> there is no doubt about it. i couldn't tell you how many more regulations it's different by every state and changing every day. we have over -- one of our fastes

will further organize the president unchecked presence of ppp. we have taken northern parts.audible] this kind of emergence of insurgencies and reorganization and it terrorists groups particularly the presence of al qaeda strive for. these are the facts that can give a hint by the crisis are still there, still desire it hestill urgent. to press into the region if it's not prevented. that's about the security. there is another issue that we have seen with a high level of data that show about the lack of security for people. for example i mentioned the particular segment the they're being tortured, detained and suppressed. women are of the population for they have been deprived. and, on the other hand there high crisis in the region. people leave the country because of the economic crisis that is taken shape. on the other hand the suppression of our rights and access to rights. therefore they leave the country for there's all kinds of other safety crisis which h have emerd from one area of the taliban takeover that has been struggling with. when it meets for the peace and what

in 2021 stuff, we had the ppp stuff, inflation soared. to think about getting from where we are now to 2%, i mean, it seems like a fantasy. i mean, we're not even close >> no, i think -- listen, it's been disappointing that that we haven't had -- we have had very tiny progress on inflation >> we keep spending money. why would inflation go down? >> well, i think that the -- that right now, we haven't called off the labor market yet. so we've got to get the employment rate up, and again, i don't want that, but i think that's necessary to control inflation. you know, we are only the beginning of the inflation battle the big easy move, which will get us down from like eight to four, is flat commodity prices you know, and better supply chains it's the last part, getting from 4 to 2 where the real hard battle is. the supply side issues resolved themselves over time and then we're left with the fundamental and economy story. it's not a fantasy to go from eight down to four and then maybe three. but as you get closer to the 2% target, it may end

so that's all kind of up a lot, and now that high end because of all the ppp money, most people havet all at our high end restaurants, and so that's a little off now, but overall sales are really strong. we continue to be extremely busy, but then we go into all those negatives that you just said and natural gas, you know, has been at an all-time high, so our energy costs alone were up -- was up over a million dollars just in august and of course hourly wages are up over 10% compared to last year there is no need for minimum wage anymore it's way, way above where people ever wanted minimum wage then you have the energy that everybody who delivers something to you puts a surcharge on it. so costs are high. it's exactly kind of what you said, but yet business is still good casinos, business is good. >> go ahead. >> casinos business is good. >> so let me ask you about that. when you see rising prices of the inputs like food and other things, do you have pricing power to put it through? in other words, i'm going to restaurants and i'm seeing most in the higher end restaurants, the steak i

ppp spending closures that we saw, one thing at that time before we had vaccines. wanted to keep the schools closed. they still wanted to mask our children. there is also some evidence that red states like florida kept the doors open a little bit more and that the kids are doing better there than they are for example in new york and in california. >> it is not surprising. any adult that has struggled through a zoom conference call knows exactly the hell it is to put these children on for seven hours a day for nine months out of the school year. no wonder that these children suffered. again let's remember, what the teachers unions said. chicago teachers union tweeted the push to reopen schools is rooted in racism, sexism and misogyny. these are the kinds of things we were told. we were shamed for wanting our children back to school to learn. what has happened? our children are in absolute freefall right now. jackie: i have a minute left with you. i want to ask you about some of the funding set aside during the covid period. there is evidence only 44% of the money wa

in addition to that, businesses are not getting, you know, ppp hone ares. 10% of individuals, 10% ofat we have. in other words, we have 90% more people surviving. so i think it does depend on whose definition. obviously, the world health organization disagrees, some people in my own party disagree with that statement, but i think most people don't feel they're living, i don't feel personally that i'm living under a pandemic as i was when i was standing in line at a twroasly store wearing a mask and terrified. howard: yeah. well, at the moment, unfortunately, more than 400 americans a day are are killed because of covid or covid-related. but us mollie, the administration loses a whole lot of emergency powers that have enabled the president to do a bunch of things. >> and that's where the media should definitely be critiquing what was said by president biden. but i think the media have done a very poor job of looking into some of these issues because they themselves did so much during this entire pandemic to hype the covid threat much more than it actually was. it's a very bad thing, n

in 2020 some businesses had to wait months to get their ppp loans, and they had to go from two to access relief. i would rather have a framework where businesses could purchase subsidized coverage where it is affordable and the business owner knows how much coverage they are getting. would you agree that a pre-established private insurance policy would generally provide faster and more predictable relief for businesses to plan around? ms. biranne: what i would suggest is that the in eic has supported the idea of a federal backstop with respect to the eye coverage. certainly it is important that business owners have a sense of certainty about what the coverage options are, but there are a variety of models that work well when the government and private industry coupled together and draw on the strength of each. the strength of government to fund broadly and the strength of insurance companies to be able to appropriately underwrite and price and adjudicate claims and assist businesses in risk mitigation. i would say overall there is a case to be made for such a partnership and the particul