Ruth's Chris says it will repay $20 million in small business loans

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. Ther...