Ruth's Hospitality Group, the owner of Ruth's Chris Steak House, announced on Thursday it will return the $20 million it received from the federal government's Paycheck Protection Program, which was intended for small businesses to pay their employees amid the coronavirus pandemic.
The $349 billion program ran out of money quickly, and CNBC reports that nearly $600 million was given out to roughly 150 public companies. The Treasury Department has asked those companies to return their money.
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