The system the Small Business Administration is using to establish coronavirus relief loans was not functioning for most of Monday, banking executives said.
The president has appointed a White House aide as inspector general to oversee the federal stimulus.
"Most Americans think this is all rolling out and checks are flowing based on what the White House is saying," one small business owner said, adding: "But we're hanging on by a thread."
"This is going to be the hardest and the saddest week of most Americans' lives," Surgeon General Jerome Adams warned.
Stimulus check funding leaves out most college kids, immigrants without Social Security numbers and some disabled adults.
Unfortunately, more comfort means more surfaces for contamination.
The coronavirus outbreak has changed how people date. It's brought long-distance couples together and let singles date a million people they'll never meet.
One day after the launch of a $350B loan program designed to rescue millions of small businesses, technical glitches continue to cripple the process.
Apollo Global Management emailed Jared Kushner and other Trump admin officials about relaxing rules on a $100 billion loan program.
One bank received a staggering $22.2 billion in loan applications in just one day.
The unemployment rate has soared to 4.4 percent after months at a half-century low.
Some dial their state offices hundreds of times while others are met with frozen websites.
For years, President Trump encouraged Saudi Arabia to ramp up production in order to drive prices down. Now, he is calling for cuts.
In Europe, generous employment subsidies encourage "labor hoarding" in a crisis, thereby reducing the number of near-term job losses.
The unemployment data breaks a record streak of job creation that dates back to 2010.
Small businesses have borrowed billions from unregulated merchant cash advance companies. Now, amid the coronavirus crisis, the lenders have come for their money.
The program is supposed to begin at midnight, but banks say there is so little guidance from the Trump administration that they may not be able to lend.
"Everyone that works here works to survive," says a farm laborer in California. "All I ask is for a little help to feel safe."
"We're talking about 10 million people filing for unemployment insurance in two weeks. Nobody is prepared for that," said one finance expert.
Weekly initial jobless claims showed 6.6 million Americans filed for unemployment benefits last week.