Your MoneyTOP STORY
SBA suspends 870,000 borrowers tied to $39 billion in suspected loan…
The Small Business Administration says the suspensions cover an estimated thirty-nine billion dollars in suspected pandemic loan fraud; the previous record is presumably relieved.
On air: Chip Darnell and Vera Bullock on Wake Up, AmericaPublished
At a glance
- First reported by Fox News: “Fraudsters robbed America's Main Street. Republicans are making them pay”.
- Covered on BBN on Wednesday, October 14, 2026, at 5:10 AM ET on Wake Up, America, by Chip Darnell and Vera Bullock.
- Topics: Republicans, North America.
The real story
The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.
What BBN said about it
Chip Darnell · U.S. News AnchorThe Small Business Administration has suspended eight hundred seventy thousand borrowers tied to an estimated thirty-nine billion dollars in suspected pandemic loan fraud, and it's the largest action in the agency's history.
Vera Bullock · Co-AnchorEight hundred seventy thousand! That's every person in San Francisco getting a very polite email this morning.
Chip Darnell · U.S. News AnchorAnd Fox says Republicans in Congress are pushing to make the fraudsters pay, though the money is only suspected, so everybody is still innocent until the paperwork says otherwise.
Vera Bullock · Co-AnchorThirty-nine billion. Somebody is checking every couch cushion in America right now.
Chip Darnell · U.S. News AnchorCouch cushions, mattresses, a very nervous jar of change.
Vera Bullock · Co-AnchorI'm thrilled it's the largest action ever, Chip, because that means the old record finally gets to retire.
Chip Darnell · U.S. News AnchorIt had a good run, and we'll miss it.
From the archive: everything BBN aired on Wednesday, October 14, 2026 · the Your Money archive · all months
More in Your Money
All Your Money →
What Flock Actually Costs Cities Across the Country
Wired reviewed contracts from more than two dozen US cities and towns to compare Flock's pricing and business model with its rivals; the bill lands…
New York Fed research: tariffs raised prices of American-made goods…
New York Fed researchers found tariffs added 2.9 percentage points to consumer goods inflation through February 2026; apparently even domestic…
First round of October Social Security payments goes out today
Retirees born on or before the tenth get paid first, and the second round, on October twenty-first, covers birthdays from the eleventh; the cap is…
IMF chief says Bessent's growth plan won't tame deficit
IMF managing director Kristalina Georgieva says relying on growth won't cut the deficit fast enough and wants fiscal consolidation; the debt is not…