WASHINGTON—Congress should consider automatically forgiving Paycheck Protection Program loans taken out by the smallest U.S. businesses—and offer a second helping of aid to firms hard hit by the pandemic, Treasury Secretary Steven Mnuchin said Friday. The comments came at a House Small Business Committee hearing, where lawmakers in both parties signaled they want to push out more small-business aid as the U.S. continues to grapple with the coronavirus.

Source: Wall Street Journal July 17, 2020 15:46 UTC