Aid

Treasury Vows to Recoup Virus Relief Aid Claimed by Big Companies

From left, Treasury Secretary Steve Mnuchin and Sen. Roy Blunt (R-Mo.) look on as President Donald Trump speaks at an Oval Office signing ceremony for the Paycheck Protection Program and Health Care Enhancement Act on Friday, April 24, 2020. (Anna Moneymaker/The New York Times)
From left, Treasury Secretary Steve Mnuchin and Sen. Roy Blunt (R-Mo.) look on as President Donald Trump speaks at an Oval Office signing ceremony for the Paycheck Protection Program and Health Care Enhancement Act on Friday, April 24, 2020. (Anna Moneymaker/The New York Times)

WASHINGTON — The Los Angeles Lakers are not what most people think of as a small business. Yet the basketball franchise is the latest example of a large company that managed to qualify for small-business loans from a hastily devised government program intended to help barbershops, restaurants, dry cleaners and other mom-and-pop shops.

Now, the Treasury Department is frantically trying to figure out how to recoup hundreds of millions of dollars from big companies that applied for loans and received them under the program’s initial terms.

On Tuesday, Treasury Secretary Steven Mnuchin made another attempt to deal with problems largely of his own making, as he

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