[President Biden] said he would expand the loan programs run by the Small Business Administration that allow small-business owners to borrow money at low interest rates in order to hire and retain workers, buy inventory or even pay down debt as the coronavirus continues to cripple business. Even as Mr. Biden heralded that the economy was now averaging 700,000 new jobs a month, he noted the recovery continues. “While America is in much better shape than it was seven months ago when I took office, we’re in the tough stretch, and it could last for a while.”

Comments by President Biden late last week, as reported by The New York Times in its story, “Biden’s Vaccine Push: What You Need to Know.”