The federal Small Business Administration suspended more than 111,000 California borrowers after uncovering $8.6 billion in suspected fraudulent activity linked to the COVID pandemic, SBA Administrator Kelly Loeffler announced Friday.  “We have suspended nearly 112,000 borrowers tied to at least $9 billion in suspected fraud,” Loeffler said in a press release on Friday. “This staggering number represents the most significant crack-down on those who defrauded pandemic programs, and...

Amid a slew of fresh taxes proposed by the newly emboldened Democratic majority in Virginia, the latest entry seeks to sack people’s fantasy football leagues. The Fantasy Contests Act, authored by Sen. Adam Ebbin, D-Alexandria, would impose a 10% tax on fantasy sports revenue from games played within the Commonwealth. Five percent, or 0.5 percentage points of the overall 10% tax, would go to the state’s problem-gambler treatment...

The Senate Republican campaign chair has a stark warning for his party as the GOP defends its 53-47 majority in the chamber in this year’s midterm elections. National Republican Senatorial Committee (NRSC) Chair Tim Scott, pointing to a ballot box deficit the GOP’s facing in the latest Fox News national poll, said it could impact specific Senate races this year. And Scott said the toughest challenge may be...