An emergency supplemental provision worth $250 billion for small business loans is expected to be defeated in the Senate on Thursday as Republicans and Democrats remained at an impasse Wednesday night.
"Democrats have a better alternative and will bring it to the floor tomorrow," a senior Senate Democratic aide toldDemocrats, including Minority Leader Chuck Schumer and House Speaker Nancy Pelosi , are pushing for a Socially distanced apart, Senate Majority Leader Mitch McConnell , U.S. Treasury Secretary Steven Mnuchin, and Senate Minority Leader Chuck Schumer attend a meeting with a select group of Senate Republicans, Senate Democrats, and Trump administration officials in the Hart Senate Office Building on Capitol Hill March 20 in Washington, DC.
Democrats support the additional funding, but want added stipulations: $125 billion of the $250 billion must go through local banks that serve farmers, family, women, minority and veteran-owned small businesses; it must include nonprofits in rural, tribal, suburban and urban communities; and businesses can't be rejected for not having a prior relationship or loan with a bank, as has reportedly happened.
Make sure that you put everything that you need to get this bill right now. We all know who’s side Mitch is on.
why? why cant the republicans make those seemingly reasonable concessions to the bill? what is the issue? food stamps? farmers? local banks? i don't get it?
No funding for local media. That’s fkn bullsh!t
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Mnuchin seeks $250 billion more in small business aid, as Senate vote is planned for Thursday“I want to assure all small businesses out there: We will not run out of money,” Treasury Sec. Mnuchin says, after announcing yesterday he is seeking an additional $250 billion in small business aid. Yeah because they will print to infinity. They aren't even restricted by needing paper to print on since it's all digital printing and digital inflation. They are doing what they can under a tight timeline, and that’s a good thing. We need to keep the pressure on though, because there is much more to be done. And at the same time - it is very necessary to keep a watchful eye on how these big corporations allocate relief funds. Mnunchin by far has been President Trumps best and most reliable cabinet member
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Tanya Taylor Has a Message for Small Business Owners: Do, Don't ThinkIn an op-ed for Fashionista, the designer shares her insight on how to navigate business during this time.
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