WASHINGTON, D.C. — White House Press Secretary Jen Psaki is scheduled to hold a press briefing on Monday.
The briefing, which is set to begin around 12:30 p.m. EST, comes as the United States approaches another grim milestone – 500,000 deaths from COVID-19.
Psaki will likely address the steps that Biden administration is taking to combat the coronavirus pandemic and the effects it has had on the nation.
One of those steps is reforming the Paycheck Protection Program (PPP). The White House announced Monday that it’s instituting a 14-day period, starting Wednesday, during which only businesses with fewer than 20 workers can apply for relief through the program.
The administration says it will also help proprietors, independent contractors, and self-employed individuals receive more financial support by revising the loan calculation formula for those applicants and setting aside $1 billion for businesses in that category.
Additionally, the administration says it will ensure access to PPP loans for non-citizen small business owners who are lawful U.S. residents by clarifying that they may use Individual Taxpayer Identification Numbers (ITINs) to apply for relief.
Psaki’s remarks also come the same day of the confirmation hearing of President Joe Biden’s nominee for attorney general, Merrick Garland.