that, madam president, i see senator shaheen on the floor. i will yield the floor so senator shaheen can be recognized. >> madam president?to >> senator from new hampshire. >> i'm pleased to be able to join my colleague senator carton whose ranking on the small business entrepreneurship committee as well as minority leader schumer. and i'm pleased that the chairman of the small business committee senator rubio isne alo here, because senator cardin,, senator rubio, senator collins and myselfd all worked on the paycheck protection program and the small business provisions that are in the care package that we passed over five weeks ago. and i'm proud of our efforts to negotiate in a bipartisan way to help small businesses get through this crisis. not only did we pass in that first cures package $360 billion to help small business, but just a couple of weeks ago congress also came together to pass an additional 370 billion for the paycheck protection program and the economic injury disaster loan programs. and our intent in passing that legislatio

senators rubio, cardin, shaheen, and i worked together as part of the small business task

president, i rise today to introduce with my colleagues, senators rubio, cardin, and shaheen, legislation to strengthen the paycheck protection program which has proven to be such an important lifeline to america's small businesses and their employees during this pandemic. senators rubio, cardin, shaheen, and i worked together as part of the small business task force to create this program during the development of the cares act two months ago. since its launch in early april, this program has provided forgivable loans totaling more than $510 billion to approximately 4.3 million small employers across the country. the overwhelming majority of borrowers are very small employers. in phase one of the program, the average p.p.p. loan size nationally was $206,000. that translates to an average employer size of just 18 employees. as more loans have been approved in phase two, the average loan size nationally has dropped to $118,000, suggesting an average business size of about ten employees. in maine, the average loan size is even smaller with borrowers having an estimated 12 employees in phase

senator shaheen is on the floor. >> madam president. i am pleased to join my ranking senator cardin and with the chairman of the small p business committee are they all work on the paycheck roprotection program of the care package we passed over five weeks ago and to negotiate in a bipartisan way to get through the crisis. not only did we pass in the first cares package 350 billion that just a couple weeks ago congress came together to pass an additional 370 billion and the economic injury disaster loan program and those that are truly hurt small businesses the lifeblood of this economy and certainly in new hampshire for 90 percent are considered small business only 50 percent of the new hampshire workforce 20000 small businesses and nonprofits received over two.$5 billion of low interest forgivable loans under the paycheck protection program there have been challenges from those that were not able to access this assistance because the larger business got into the queue ahead or publicly traded companies that had a relationship with the

we were joined by senator shaheen and senator collins. and we worked on an expedited way in order to see what we could do to help small businesses get through covid-19. and the cares act provides new opportunities for us to help small businesses during this unprecedented disaster. we passed the p.p.p. program, paycheck protection program and provided $660 billion of help for america's small businesses. i want to compliment the men and women at the small business administration and at treasury for putting this program together literally overnight. and today 4.3 million loans have been given under this program that didn't exist just eight weeks ago. $513 billion in loans under the paycheck protection program. that's quite an accomplishment. but there are challenges. there are challenges with any new program, but this program has its major concerns. when we passed the program, we thought eight weeks later that our economy would be performing at a much higher level than it is today. we need to revisit that. a second program that we modified a

senator cardin and i and senator shaheen went to the floor and simply asked for a simple bill to pass that would require accountability and -- in p.p.p., and it was blocked by the majority. so this is just amazing. there has been large support in congress to stabilize the big financial markets, support larger industries, and keep capital markets from crashing. there will be $4 trillion available when the fed and treasury are through with it. we must do the same if not more for average people. workers, families. the contrast is glaring. the contrast is glaring. larger companies know they have a floor, the big markets know they have a floor. an unemployed worker has no floor until we do things for them like we did with pandemic unemployment insurance. there are many more people, average americans, who need the same kind of health, a greater degree of help, a different kind of help, and many of these average folks are in worse shape. democrats have strived to make as much of our congressional relief effort flow to workers and average american families as much as possible. it's still not

so senators cardin, shaheen blumenthal and i went to the , floor today because this bill is necessary. even marco rubio, who objected, admitted the bill was necessary and a good thing. and also, to point out what we should be doing here. focusing on covid, focusing on our oversight responsibility. birx, mnuchin,i, the sba administrator and powell before the senate being asked very hard and tough questions. that is not happening. and wewe moved our u.c., hope maybe this week our republican friends will consider. -- reconsider. i am ready for questions. >> one of the groups of small business is asking for way more help and way more flex ability is the restaurant industry. they want flexibility in the terms and a stabilization fund. $120 billioncan you comment on that? sen. mcconnell: sen. schumer: i have spoken to lots of the restaurant owners in new york, and many of them are worried the program may not fit their needs. they need the money. don't get me wrong. they want the program, but the problem that they see, many of them, is that they are closed now, and when they are allowed to o

joining us now, democratic senator jeanne shaheen of new hampshire. member of the senate small business committee. senator, this program from the start has had the best of intentions to help small businesses across the country. but we both know there's huge frustration. many businesses are afraid to spend it because they don't know the rules. and now the senate is taking a break. aren't you worried this is going to put them in a worse position? >> i am outraged, stephanie. we've been back in washington three weeks, and mitch mcconnell didn't allow us to address the small business provisions in the c.a.r.e.s. package, the paycheck protection program and we didn't get an oversight hearing in the small business committee. we've been requesting -- i've been requesting since we went back to washington that the administrator of sba and secretary mnuchin should come in. they should talk to us. they should give us the information about what's not working in this program and what is working so we can make decisions and we need to do it now because, as you poin

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. >> senator shaheen. >> congratulations, gentlemen. thank you for your willingness to consider serving at this challenging time and our history. general brown, i want to begin with you. i had the opportunity to speak with general goldfein earlier this week as you're probably aware that 157 air refueling wing at the national guard base in newew hampshire is the first national guard to receive the new kc-46 kc-46 tanker. i had the opportunity to be there when the first tank arrived, so i have followed this issue very closely. general goldfein seemed optimistic that the agreement that had been reached with boeing would provide a path forward to fix the remote vision system and some of the other problems with the tanker, but clearly we are still several years away from having tankers that are going to do the refueling that we want them to do. can you tell us how, if confirmed, he would keep the programm on track and ensure it is ridiculous it is possible to do its air refueling mission? >> senator, i think one of the cables i have is to co

jeanne shaheen: there have been challenges . we have heard some of the stories from small businesses that were not able to access the system because some larger businesses got to the queue ahead of them. some of this large probably traded companies who have ah relationship with the lender and so they were able to get an early. we need information if we were going to correct the things that have not been working about this program. that is why the legislation that the senators and i introduced income i think would be so helpful. the trumpum administration and congress need to be held accountable for implementation of these programs. do that, but have oversight.but have transparency is fundamental. we need to ensure that the assistance is going to small businesses, nonprofits needed the most. and the senator, listed off a number of those companies. women-owneden companies, minoriy owned companies, wee also need o think about those businesses that have fewer than ten employees. those mom-and-pop shops really need help may not have

amahmooda shaheen was kno the "universal mother" in her brooklyn community.le, spiritual, and a great listener, she cad for her neighbors as if they were family. mahmooda was also an athlete. she coached and playedn, badminetball, and tennis in pakistan, where she grew up. her principals of generosity and activism inspire the work her three children do today. she was 71 years old. don spitko was his pennsylvania neighborhood's "mr. fix-it," always there to offer a helping hand. supervisor loved w withcal plant his hands, from remodeling homes with every project, he taught his five dghters and son the trade.uati high school, eager to serve his country. >> woodruff: it is that time of year when graduates oflevels are all stage," shaking hands receiving their diplomas. but the look andeneel of these this year is of course quite different-- almost all of them "virtual."f the notionommencement," or the beginning of a new chapter, is tougher for students to imagine. as part of our ongoing arts and culture series, canvas, we hear now from a variety of leads in their

mahmooda shaheen was known as the "universal mother" in her brooklyn community humble, spiritual, andeat listener, she cared for her neighbors as if they were family. mahmooda was also an athlete. hecoshd d acedan badminton, netball, and tennis in pakistan, where she grew up. her principals of generosity and activism inspire the work her three children do today. she was 71 years old. don spitko was his pennsylva neighborhood's "mr. fix-it,"nia always there to offer a helping hand. the 81-year-old electrical plant supervisor lovhi working with hands, from remodeling homes to camping and gold-panning. with every project, he taught his five daughters and son the trad ita proud marine veteran, efore graduating high school, eager to serve hedis bei country. >> woodruff: it is that time of year when graduates u all levels aally "crossing the stage," shaking hands and receiving their diomas. ale t flo quite different-st all of them "virtual." the noti of "commencement," or dee beginning of a new chapter, is tougher for snts to imagine. as part of o ongoing arts and culture series, canvas, we

maggie hassan agreed to take part, but jeanne shaheen reportedly declined the invitation. former vice president biden has pledged to pick a woman as his running mate. actress lori loughlin and her husband have agreed to plead guilty in a college admissions bribery scandal. loughlin will serve two months behind bars for conspiracy to commit wire and mail fraud. her husband will serve five months. prosecutors will in turn dismiss money laundering and federal programs bribery charges. the couple is accused of paying $500,000 in bribes to get their daughters into the university of southern california. and, today's unemployment report pushed stocks lower on wall street. the dow jones industrial average lost more than 101 points to close at 24,474. the nasdaq fell 91 points, and the s&p 500 slipped 23. still to come on the newshour: virginia governor ralph northam discusses efforts to reopen his state. the trump administration plans to withdraw from a critical arms control treaty. with the economy in freefall, the struggling retail sector faces a grim future. plus much more. >>

i was proud to work with senator rubio and senator shaheen and senator collins. the four of us got together well before the cares act was brought to the floor of the united states senate in order to deal with what is necessary to keep small businesses afloat during the pandemic. and new tools were created and the cares act enacted tools that can help small businesses survive this pandemic. the program that's getting the most attention is the paycheck protection program, the p.p.p. program, in the original cares act we authorized and appropriated $349 billion for that program and then we replenished in the second round an additional $310 billion for a total of $659 billion for the p.p.p. program. it's a program in which small businesses go to their financial institution and take out a 7-a loan which is a loan which is provided for under the small business act but there are private lenders who lend the money to the small businesses. but we made special provisions in this law to provide 100% federal guarantee so there's no risk to the borrower. we made it easier for

we were joined by senator shaheen and senator collins. and we worked on an expedited way in order to see what we could do to help small businesses get through covid-19. and the cares act provides new opportunities for us to help small businesses during this unprecedented disaster. we passed the p.p.p. program, paycheck protection program and provided $660 billion of help for america's small businesses. i want to compliment the men and women at the small business administration and at treasury for putting this program together literally overnight. and today 4.3 million loans have been given under this program that didn't exist just eight weeks ago. $513 billion in loans under the paycheck protection program. that's quite an accomplishment. but there are challenges. there are challenges with any new program, but this program has its major concerns. when we passed the program, we thought eight weeks later that our economy would be performing at a much higher level than it is today. we need to revisit that. a second program that we modified a

that senator amy klobuchar has been in the vetting a source tells nbc news, new hampshire's janeen shaheen has declined. joining us is politics nation, the rev al sharpton and nbc contributor betsy woodruff-swan. rev, i want to start with that interviews making headlines as well as the president's order that churches reopen. let's go through. let's unpack all of those. first, on the former vice president. >> i watched the interview that he did and first of all, she's as respected as one can be in the black community and in general there's no way he's pressing someone in an interview on behalf of donald trump, he presses everyone in interviews and ironically the questions he was raising about vice president biden, i raised and others have raised in interviews. he presses me when i go on the show and we're friends. he is one that wants answers. so i think that his being something other than black is as ludicrous as saying that i'm going to be in the rockettes when radio city opens up again. i can dance but i can't do the rockettes. but the other point is, i think whether it was said in jest

i was proud to work with senator rubio and senator shaheen and senator collins. the four of us got together well before the cares act was brought to the floor of the united states senate in order to deal with what is necessary to keep small businesses afloat during the pandemic. and new tools were created and the cares act enacted tools that can help small businesses survive this pandemic. the program that's getting the most attention is the paycheck protection program, the p.p.p. program, in the original cares act we authorized and appropriated $349 billion for that program and then we replenished in the second round an additional $310 billion for a total of $659 billion for the p.p.p. program. it's a program in which small businesses go to their financial institution and take out a 7-a loan which is a loan which is provided for under the small business act but there are private lenders who lend the money to the small businesses. but we made special provisions in this law to provide 100% federal guarantee so there's no risk to the borrower. we made it easier for

you've been asked a number of questions from a number of my colleagues, specifically senator shaheen and king about the importance of the shipyard modernization and of course one of the public shipyards is in hawaii. and also thank you for your commitment to make sure that the health and safety ofom the works many of whom are civilians or protect it during this pandemic. now picture and shipyard is inefficient and must be updated. pearl harbor is slated for a new production facility in the next several years. this critical program funding would require a significant portion of the navy's budget. does the fiscal year 2021 budget contained for continued funding for the shipyard of modernization plan so that it would be implemented on time? >> from what i understand, he signed -- psyop shipyard and it's important geographically, so i look forward to work with the department and the navy if confirmed as we can prioritize those requirements.s. >> i assume there've already been some setting aside ofve funding that are supposed to go to the dried-up production facility to make the shipyard

senator cardin and i and senator shaheen went to the floor and simply asked for a simple bill to pass that would require accountability and -- in p.p.p., and it was blocked by the majority. so this is just amazing. there has been large support in congress to stabilize the big financial markets, support larger industries, and keep capital markets from crashing. there will be $4 trillion available when the fed and treasury are through with it. we must do the same if not more for average people. workers, families. the contrast is glaring. the contrast is glaring. larger companies know they have a floor, the big markets know they have a floor. an unemployed worker has no floor until we do things for them like we did with pandemic unemployment insurance. there are many more people, average americans, who need the same kind of health, a greater degree of help, a different kind of help, and many of these average folks are in worse shape. democrats have strived to make as much of our congressional relief effort flow to workers and average american families as much as possible. it's still not

one of them was apparently asked senator jean shaheen was asked but, you know what? re-election and she declined the former vice president's invitation to be considered as his vice president. so, we will keep you posted on that. it's now 7:14 here in the new york city area. and let's go back into new york city and jillian joins us with the headlines. jillian: that's right. good morning to you. we begin with this. update on that new jersey gym that we have been talking about. the owners of atill liz gym shut down by the state for violating lockdown orders say they will open up again today. co-owner frank says the doors will be open this morning even if he gets arrested. pete hegseth joins the co-owners as they opened up their doors earlier this week. the man accused of murdering estranged wife breaking her silence. releasing a statement saying in part quote i have know nothing about jennifer dulos' whereabouts or what may have happened to her. adding i think it was a mistake to have trusted him. troconis charged with conspiracy to submit murder. she was murdered back

i will yield the floor so senator shaheen can be recognized. mrs. shaheen: madam president. the presiding officer: the senator from new hampshire. mrs. shaheen: i'm pleased to be able to join my colleague, senator cardin, who is the ranking member on the small business and entrepreneurship com committee as well as minority leader schumer. i'm pleased that the chairman of the small business committee, senator rubio, is also here because senator cardin, senator rubio, senator collins and myself all worked on the paycheck protection program and the small business provisions that are in the cares package that we passed over five weeks ago. and i'm proud of our efforts to negotiate in a bipartisan way to help small businesses get through this crisis. not only did we pass in that first cares package $350 billion to help small business, but just a couple of weeks ago, congress also came together to pass an additional $370 billion for the paycheck protection program and the economic injury disaster loan programs. and our intent in passing that legislation is to deliver relief to sma

shaheen: thank you, madam president. the presiding officer: the senator from new hampshire. mrs. shaheen: i'm here to add my voice to the eloquence of both senators cramer and schumer about the need to recognize those people who were lost on the frank evans. we had two sailors from new hampshire who were lost that day ronald arthur tibbidault of manchester, new hampshire, joined the navy in 1967. he was assigned to the frank e. evans as radar man. ron was on watch during the collision. he was lost at sea, leaving behind a young son. and gary joseph bigeau of farmington, new hampshire, was also on watch that night during the fatal collision. gary had married his high school sweetheart a few weeks before he reported to the frank evans in 1968. gary also left behind a young son and his two brothers who still live in new hampshire. these two men, gary and ron, gave their lives for this country. these men were supporting operations during the vietnam war, and they were planning to return to vietnam waters once the training exercise was over. so just like all those other people who wer

president, i rise today to introduce with my colleagues, senators rubio, cardin, and shaheen, legislation to strengthen the paycheck protection program which has proven to be such an important lifeline to america's small businesses and their employees during this pandemic. senators rubio, cardin, shaheen, and i worked together as part of the small business task force to create this program during the development of the cares act two months ago. since its launch in early april, this program has provided forgivable loans totaling more than $510 billion to approximately 4.3 million small employers across the country. the overwhelming majority of borrowers are very small employers. in phase one of the program, the average p.p.p. loan size nationally was $206,000. that translates to an average employer size of just 18 employees. as more loans have been approved in phase two, the average loan size nationally has dropped to $118,000, suggesting an average business size of about ten employees. in maine, the average loan size is even smaller with borrowers having an estimated 12 employees in phase