The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death.
TOP OF THE HOUR:
— Countries and U.S. states are moving to reopen gradually amid warnings that acting too quickly could enable the virus to come back with a vengeance.
— Serbia lets elderly outside for the first time in more than a month.
— Netherlands to allow elementary school children to return to classrooms.
WASHINGTON — President Donald Trump says he will ask Harvard University to repay money it received as part of a coronavirus relief package.
And Treasury Secretary Steven Mnuchin says that while some big businesses have obtained access to government loans, the intent of the program was not for big public companies to get loans through the Paycheck Protection Program.
The White House comments come amid media reports that some of the money intended for small business loans went to larger entities.
Trump says of Harvard “they shouldn’t be taking it.” He says the university, which received more than $8 million, has a large endowment to rely on.
Mnuchin says he wants to make sure money goes to small businesses and that more than 1 million companies with fewer than 10 workers have received loans.
Congress is trying to meet huge demand for the program with legislation that passed Tuesday in the Senate and is expected to pass the House later this week.
Source: Associated Press