FIRST ON FOX: A top "DOGE" senator said a government watchdog alerted her to an "alarming" rate of defaults on COVID-era "PPP" loans, and now she wants to hold fraudsters accountable.
In a letter to Sen. Joni Ernst, R-Iowa, Inspector General for Pandemic Recovery (SIGPR) Brian Miller wrote that the loan programs funding reported losses of $1.27 billion as of November 2024, and had snowballed since debtors' initial payments began coming due in July 2023.
"Without SIGPR to protect the taxpayer...