WASHINGTON – Treasury Secretary Steven Mnuchin said Sunday a deal with Democrats to replenish an emergency small business loan program is"very close" and that it's possible Congress could approve additional funding for the program this week.
The program was included in a $2 trillion rescue package approved by Congress that President Donald Trump signed into law at the end of March. When it ran out of money, Democrats and Republicans blamed the other side. "We're incredibly pleased with the participation rate, and because of that, we want Congress to approve more funds right away," Mnuchin said. He added that an additional $300 billion"should be sufficient to reach almost everybody" after dismissing some estimates that at least another $1 trillion would be needed.
Schumer also said the bill sets aside money"to make sure it goes to the rural areas, to the minority areas," and to businesses that did not have existing relationships with the banks distributing the loans.
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The bailout was a joke. They needed to start at the bottom and work up. As usual, the rich got richer.
Certainly hope so, as long as that NAZI leaves it alone‼️
It better not have any pork in it!
no more money without oversight
Help the businesses now.
It's not right when our lives and very futures are dictated by the wealthy that have never walked in our shoes we the people need to change that,you don't need a college education to be in congress or president,the brainiacs have no clue what we go thru in real life just sayin
Billions why not trillions have you decided the small businesses can't handle it.Dont set them up for failure,success is a lot better.Unlike mnuchin I think small business has well over 50% of the workers in THIS country
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