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SBA suspends nearly 7,000 Minnesota borrowers over suspected $400M pandemic loan fraud

January 2, 2026

The Small Business Administration (SBA) announced Thursday that it suspended 6,900 Minnesota borrowers after uncovering what it says is widespread suspected fraud. SBA Administrator Kelly Loeffler said the agency reviewed thousands of Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) loans approved in Minnesota, and identified nearly $400 million in potentially fraudulent loans tied to borrowers in Minnesota. “These individuals will be banned from all SBA...

Hours after taking office, NYC Mayor Mamdani targets landlords, moves to intervene in private bankruptcy case

January 2, 2026

Sworn in at midnight and again hours later publicly, New York City Mayor Zohran Mamdani used his first day in office Thursday to hit the ground running with new executive orders targeting city landlords and housing development. And he said the city will take what he called “precedent-setting action” to intervene in a private landlord bankruptcy case he said was tied to 93 buildings. “Today is the start...

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Delhi Chief Minister Rekha Gupta, along with Transport Minister Pankaj Kumar Singh, PWD Minister Parvesh Verma and BJP National President Nitin Nabin, …

Ghaziabad triple suicide case unravels father’s dark past, Korean obsession and financial struggles. 3 minor sisters jumped to death, police probe gaming …