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SBA Refers 562,000 Suspected Fraudulent Loans Worth $22.2 Billion to Treasury

By Naveen Athrappully The Small Business Administration (SBA) has referred 562,000 loans suspected to be fraudulent to the Treasury Department for collection, the agency said in an April 24 statement. The borrowers of these loans “are tied to $22.2 billion in delinquent Paycheck Protection Program (PPP) and COVID Economic Injury Disaster (EIDL) loans,” the SBA…

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DOJ Approves Firing Squads for Federal Death Penalty Cases

By Michael Clements The Department of Justice (DOJ) has authorized firing squads, electrocution, and gassing as a means of execution in federal cases. In a press release on April 24, the department said it was directing the Bureau of Prisons to expand its execution protocol to include firing squads, lethal injection with pentobarbital, and other…

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Trump Extends Jones Act Waiver for 90 Days to Ease Energy Crunch

By Tom Ozimek President Donald Trump has extended a waiver of the century-old Jones Act for 90 days, allowing foreign-flagged vessels to transport fuel and other goods between U.S. ports in order to ease price pressures triggered by the Iran war and disruptions in the Strait of Hormuz. White House assistant press secretary Taylor Rogers…

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Trump Floats Taxpayer-Funded Takeover of Spirit Airlines, Selling for Profit

By Chris Summers President Donald Trump said on April 23 that a taxpayer-funded takeover of Spirit Airlines could be an option, with the intention of reselling it when oil prices fall. The Florida-based airline is undergoing restructuring after filing for bankruptcy protection in August 2025. Trump, speaking to reporters in the Oval Office, said he…

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Duffy Seeking $10 Billion From Congress to Revamp Air Traffic Control System

By Aldgra Fredly U.S. Transportation Secretary Sean Duffy said on April 21 the department requires $10 billion in additional funding from Congress to overhaul the nation’s air traffic control with a new software system. Duffy told Reuters in an interview that the additional funding would go toward developing new software aimed at improving the efficiency…

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German Airline Lufthansa to Cut 20,000 Flights to Save Jet Fuel

By Victoria Friedman German airline Lufthansa announced on April 21 that 20,000 short-haul flights would be canceled this summer due to the ongoing fuel crisis sparked by the Iran war and subsequent blockade of the Strait of Hormuz, a vital route for global oil shipments. Lufthansa said in a statement that the flights “will be…

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Iran Attacks 2 Container Ships After Trump Extends Ceasefire

By Tom Ozimek Iranian forces fired on two commercial vessels near the Strait of Hormuz on April 22, UK maritime authorities said, hours after U.S. President Donald Trump announced an extension of a fragile ceasefire with Tehran. UK Maritime Trade Operations (UKMTO) said in an April 22 incident report that a container ship was attacked…

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