Warren Buffett urged Congress to extend the Paycheck Protection Program to help the millions of small businesses that have become “collateral damage” in the fight against COVID-19, Bloomberg News reported. “We need another injection to complete the job,” Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., said in a CNBC interview yesterday. “Congress is debating that right now, and I hope very much that they extend the PPP.” Buffett argued that small businesses need more stimulus now to help them weather the rest of the coronavirus shutdowns. He was joined in the interview by Goldman Sachs Group Inc. CEO David Solomon, who argued that small businesses need more help even as the pandemic’s finish line is visible, with vaccines beginning to be distributed. “The steps that the Fed and Treasury took to put liquidity into the market have certainly helped large businesses,” Solomon said. “But small businesses don’t have that access.”
