Minority-party lawmakers are hardly ever successful in such attempts, but the pressure swayed Republicans controlling the Senate, who have delayed consideration of a fifth coronavirus relief bill and are preparing to go home for a two-week recess.
About $130 billion remains of $660 billion approved so far for the subsidy program, which provides direct subsidies to, which slammed the economy as consumers and workers were forced to stay at home through much of the spring. The subsidies come in the form of federal loans that can be forgiven if businesses follow rules such as using 60 percent of the money for payroll costs. The loans been a lifeline to more than 4 million businesses.
Top Senate Democrat Chuck Schumer of New York took a victory lap after the unexpectedly successful maneuver, saying renewed economic troubles are reviving interest in the program. "There are large numbers of businesses who are going to need to apply now. Had this program run out today, they would have been out of luck," Schumer said."Now with this renewal, short time, August 8, they at least get the chance to reapply."
Lemme guess. House dems will say it doesn't go far enough. They won't give R's a win. They will pass a dem bill. Put money on it.
The Live Entertainment Industry has millions of people who lost their jobs until next year. But, instead of putting money into the hands of people who are still out of work, this scheme to give loans to big bank customers reeks of corruption
In Florida they still wont give me my Unemployment Compensation. I call every day and they say sorry you have been locked out of the system, don't call us we'll call you.
How about black folk around the nation along with BLM defund planned parenthood? Since they have systematically murdered 23 million of our children since 1973 . Now that is worth fighting for! Republicans are with us - but not the democrats.
What about all the businesses that got a PPP loan already? That money's already gone for the bars and restaurants that are now facing a second closure, like mine. There's going to be a lot of bankruptcies this year, might as well name them after Trump, it's what he's known for.
What about for the rest of us? Unemployment extra $600 and more stimulus please. I’m a teacher and we’re getting mandatory furlough days to go with our eliminated summer courses. Money is tight. SpeakerPelosi
AND THEY NEVER HAD A BUSINESS- AMERICA ARE YOU NOT SICK OF THIS ?
Crafty, cunning yet a Clueless Covfefe needs a miracle to win and miracles are hard to come by: Joe Biden holds a whopping 14% lead! Shed red Go blue Anyway, four more months to go before the fat lady would sing on November the 4th. Till then..
Government continues to destroy the economy while printing more money to lower the value of yours while taxing you to pay the interest on the loans they'll never repay to 'HELP' you.
But Senate Republicans say unemployed Americans can go screw themselves.