April 8, 2021

June

California Aims to Fully Reopen for ‘Business as Usual’ by June 15

Tuesday’s announcement signals a potential end date to more than a year of isolation. While many other states have pushed ahead, California has generally resisted reopening too quickly and, in several instances, has moved to reinstate restrictions to stem rising new cases and hospitalizations.

But the pandemic has taken its toll, killing more than 58,000 Californians, while shuttering scores of businesses and forcing millions of students to attend school remotely for much of the year.

In the short term, California’s vaccination progress means that counties can more easily shift to less-restrictive tiers, allowing them to increase capacity limits for various

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Fed extends small business liquidity facility by 3 months through June

  • The Fed extended the Paycheck Protection Program Liquidity Facility through June 30.
  • The facility allows banks to continue pledging loans made through the PPP to small businesses.
  • The PPP itself, part of last March’s stimulus, is still set to expire March 31. 
  • Visit the Business section of Insider for more stories.

Ahead of its expiration date on March 31, the

Federal Reserve
Board announced on Monday that it is extending the Paycheck Protection Program (PPP)

Liquidity
Facility through the end of June, allowing continued distribution of funds through the PPP to small businesses.

The PPP was implemented under the CARES

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