President Trump. Photo: Win McNamee/Getty Images

The Trump administration agreed to share data on the Paycheck Protection Program, a nearly $700 billion coronavirus aid program, with Congress but not the American public, AP reports.

Why it matters: As Democratic lawmakers have argued for transparency, ethics watchdogs say access to the detailed data on the taxpayer-funded loans will allow them to see who has received help and who hasn't, per AP.

The state of play: Senior administration officials will be providing information on nearly 4.7 million loans worth $515 billion, per AP. The Small Business Administration has only shared general information so far, such as where the businesses are located or the industry they fall into.

  • The administration has maintained that because PPP loans are calculated based on payroll data, employers may see that information as competitively sensitive or proprietary, AP notes.
  • The Treasury Department and SBA announced plans last week to release the names of some businesses that received $150,000 or more in PPP loans. Data on loans under $150,000 will only be shared with Congress.

Yes, but: Officials warned lawmakers not to provide any of the "confidential" loan information to the public.

Go deeper: Paycheck Protection Program borrowers get more flexibility

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Treasury blames lenders for PPP disclosure debacle

Illustration: Aïda Amer/Axios

The U.S. Treasury Department is pointing the finger at lenders for errors discovered in Monday's PPP data disclosure.

What they're saying: "Companies listed had their PPP applications entered into SBA’s Electronic Transmission (ETran) system by an approved PPP lender. If a lender did not cancel the loan in the ETran system, the loan is listed," a senior administration official said.

Jul 7, 2020 - Health

Hospitals, doctors are major recipients of PPP loans

Physicians' offices applied for PPP loans to help offset patient volumes that stopped. Photo: John Moore/Getty Images

Small hospitals, physician clinics, surgery centers, dental offices and other health care businesses were among the most common recipients of loans under the Paycheck Protection Program, according to data released by the federal government on Monday.

The big picture: Medical facilities had to halt routine procedures in the early days of the coronavirus pandemic as a way to prevent spread of infection and keep hospital beds open. PPP loans saved some, but certainly not all, of the jobs that are dependent on those routine procedures.

Electric vehicle companies are reeling in cash without producing a car

Illustration: Sarah Grillo/Axios

These are heady days for electric vehicle companies, with a lack of actual car production becoming a popular norm.

Why it matters: The capital infusion is the latest in a busy stretch of deals and market moves that suggest private investors and equity markets see big potential in technologies that now represent a tiny slice of the global vehicle fleet.