Senators attempt to advance bill lengthening coronavirus business loan terms

📆 22/05/2020 03:20:00
📰 Reuters

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Negotiators in the U.S. Senate reached agreement on Thursday on legislation that would double the period of time in which small businesses can use Paycheck Protection Program loans, to 16 weeks from the current eight-week limit, according to a Senate aide.

The legislation, aimed at revising a program created in late March to help small businesses stay afloat during the coronavirus pandemic, also would extend the deadline for applying for the loans until Dec. 31, from the current June 30.

Senators abandoned attempts, however, to rush the measure through the Senate on Thursday, which would have required the unanimous consent of all senators. It was unclear when a Senate vote would occur.

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Global austerity is possible if the Federal Reserve central bank mafia, IMF, and World Bank would offer direct low interest rate loans to small and large corporations to ease the burden from nations so that they could focus solely on its citizens and infrastructure

And failed...... hope they enjoy their boats on Memorial Day

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