Biden-founded law firm, company tied to Pelosi, received PPP funds, docs show
A prominent Delaware law firm founded by presumptive Democratic presidential nominee Joe Biden received a Paycheck Protection Program (PPP) loan for between $150,000 and $350,000, according to records released Monday by the Treasury Department and the Small Business Administration.
A prominent Delaware law firm founded by presumptive Democratic presidential nominee Joe Biden received a Paycheck Protection Program (PPP) loan for between $150,000 and $350,000, according to records released Monday by the Treasury Department and the Small Business Administration.
The Trump campaign told Fox News that the records conflict with recent messaging from Biden's campaign that the PPP program is both ineffective and a vehicle to reward Trump's "cronies."
“Instead of attacking President Trump as an involuntary reflex, maybe Joe Biden should just say ‘thank you’ once in a while," Trump campaign director of communications Tim Murtaugh told Fox News.
"The PPP saved 51 million jobs nationally, including at Biden’s old law firm and a number of companies connected to Obama administration alums. A very likely explanation is that Biden simply doesn’t know what he’s talking about and would rather make a political weapon out of a program that helped people make their rent and mortgage payments.”
The law firm that received the large payout was originally founded as Biden and Walsh and is now known as Monzack Mersky McLaughlin and Browder; Biden currently has no financial interest in the firm.
Meanwhile, House Speaker Nancy Pelosi's team is rejecting reports that a business connected to her husband also received big money under the government's emergency coronavirus relief program -- arguing that his connection to the company is minimal.
The company, EDI Associates in San Rafael, California, received between $350,000 and $1 million in Paycheck Protection Program (PPP) money.
“He’s an investor," Pelosi spokesperson Drew Hammill told Fox News. "He wasn’t involved in the application for the loan nor was he aware of it.” Click here to read more.
Other related developments:
- Biden campaign memo claims Trump attacks on ex-VP 'actively rebounding onto him,'
- Biden campaign slams Trump for 'outright lying' over coronavirus threat
- Biden’s Spanish-language ads include versions with Cuban, Puerto Rican, and Mexican accents
- Biden campaign memo claims Trump attacks on ex-VP 'actively rebounding onto him,'
- Biden campaign slams Trump for 'outright lying' over coronavirus threat
- Biden’s Spanish-language ads include versions with Cuban, Puerto Rican, and Mexican accents
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