Photo: Axios screenshot

Restaurants need more time to spend money they've received from the federal government's Paycheck Protection Program to ensure that the loans are forgivable, Kwame Onwuachi, owner and head chef of Kith and Kin, a D.C.-based restaurant, said during an Axios digital event.

Why it matters: Onwuachi said small restaurants are reaching the end of the eight-week time limit to spend the money. If they do not spend the money, the loans may not be forgiven.

The big picture: D.C. is allowing restaurants to reopen as long as they maintain reduced capacity to reduce the spread of the coronavirus.

  • "25% capacity doesn’t equate to profit," Onwuachi said. His restaurant can break even, he said, but they've had to change the menu and reduce the number of items they'll offer to do so.
  • He said his restaurant operates with 70 employees and won't be able to bring them all back until it can operate at full capacity again.

What they're saying: Margaret Anadu, head of Goldman Sachs' Urban Investment Group, said PPP was designed around an eight-week period.

  • "We're all sitting here 10, 11 weeks into being at home, and so already we know that a program that literally was designed in the last few months is not enough, Anadu said later in the Axios event, which Goldman Sachs sponsored.
  • She added that she hopes Congress extends the eight-week period to 16 or 24 weeks.

Go deeper

Colleges drive a new wave of coronavirus hotspots

Expand chart
Data: The COVID Tracking Project, state health departments; Note: Washington state case count does not include Sept. 1; Map: Andrew Witherspoon, Sara Wise/Axios

America’s brief spurt of progress in containing the coronavirus has stalled out.

Why it matters: We had a nice little run of improvement over the past month or so, but cases are now holding steady at a rate that’s still far too high to consider the outbreak under control.

Sep 3, 2020 - Health

Indiana University asks fraternities and sororities to shut down

The Indiana University Health Center in Bloomington, Indiana, in June 2020. Photo: Marlena Sloss for The Washington Post via Getty Images

Indiana University urged fraternity and sorority houses at its Bloomington campus to close after three-quarters of Greek houses have been forced to quarantine with coronavirus cases on the rise.

Why it matters: At least five Greek houses are reporting positivity rates of more than 50%, while one house experienced an 87.4% positivity rate as of Aug. 31, according to the university's COVID-19 dashboard.

How "COVID fatigue" clouds judgment and endangers public health

Illustration: Sarah Grillo/Axios

Compounded stress and exhaustion from worrying about the coronavirus pandemic since the start of the year is leading to "COVID fatigue" and serious mental health issues, some medical experts say.

Why it matters: This can lead to risky behavior that can increase the spread of the coronavirus as well as raise levels of depression and anxiety that foment the abuse of alcohol or drugs.