Restauranteurs plead with Trump to make PPP loan changes

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Restauranteurs plead with Trump to make PPP loan changes
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President Trump sought to downplay the coronavirus' ongoing impact on the food industry and projected economic optimism during a White House meeting with restaurant industry representatives

The restauranteurs, left financially reeling from the virus' impact on daily life, said they wanted an extension to the amount of time they could spend the loans granted through the Paycheck Protection Program -- from eight weeks to 24 weeks. Under the existing rule, restaurants must rehire all of their employees within eight weeks for the loans to be forgiven. But through the meeting, as restauranteurs pleaded for changes, Trump tried to convey his optimism about the industry.

During another White House event earlier this month, Trump insisted there were no personal protective equipment shortages in the US, despite the president of the American Association of Nurse Practitioners saying in the Oval Office that availability could be"sporadic."During Monday's event, Trump also projected optimism about what he perceived as the"first day" of reopenings across the country amid the coronavirus pandemic.

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