Stimulus program for small business nearly depleted as Congress still negotiating a deal

  • 📰 USATODAY
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Over roughly two weeks, about 90% of the $349 billion set aside to help businesses stay afloat during the coronavirus pandemic has been allocated.

The top Republicans in the Senate and House – Senate Majority Leader Mitch McConnell and House Minority Leader Kevin McCarthy – said Democrats were holding American workers"hostage" to political demands.

Senate Minority Leader Chuck Schumer, D-N.Y., spoke with Mnuchin on Wednesday and said Democratic staff from the House and Senate were planning to meet with the Treasury Department later in the day. "I can’t guarantee that we can get to an agreement that we can pass by Friday," he told reporters on a conference call Wednesday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Obviously the relief/stimulus package was not adequate to effectively deal with the economic consequences of this issue.

I guess our federal debt doesn’t matter.

Wow

Those republican senators got the money to their constituents so fast it made their heads spin.feedingfrenzy

No

Whats your magical powers

And of course democrats are now blocking additional funding for our small businessmen. Scum.

It’s not socialism when the rich do it

But it has not been allocated to people due to stupid delays. Businesses can not exist without people.

Now is the socialist opportunity to end free commerce

to whom?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 100. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Small business loans top $296 billion and could reach the program's limit by the end of WednesdaySmall business loans top $296 billion and could reach the program’s limit by the end of Wednesday Meanwhile Pelosi nowhere to be found JerrValtNews Thank Pelosi and Schumer for playing politics Who's getting the money? Not my small business that's totally shut down!
Source: CNBC - 🏆 12. / 72 Read more »

To save the US economy, policymakers need to understand small business 101The small business landscape has changed dramatically over the last few decades, and policymakers need to understand the demographics in order for economic stimulus to be properly aligned for Main Street. acorns Amazon will soon replace majority of them so NO NEED TO WORRY ,
Source: CNBC - 🏆 12. / 72 Read more »

Small business tool Square to roll out coronavirus stimulus loan applicationsSquare, the payment tool many small businesses use to process customers' credit cards, said it will begin rolling out stimulus loan applications to its customers, as part of the U.S. government's Paycheck Protection Program. 1.8 million people infected by the pandemic globally | 115,000 deaths Latest updates | cases per million population👇 COVID2019 COVID MichaelBarden8
Source: USATODAY - 🏆 100. / 63 Read more »

Small-Business Funding Dispute Challenges Community LendersCommunity lenders are having a tough time getting a piece of the $350 billion set aside under the SBA’s Paycheck Protection Program (Corrects an earlier tweet that said this figure was $350 million, which has been deleted)
Source: WSJ - 🏆 98. / 63 Read more »