Senate Democrats block $250 billion in small business relief, accuse McConnell of a 'political stunt'

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

United States News News

United States United States Latest News,United States United States Headlines

The decision to prevent the relief from passing came despite another 6.6 million people filing for unemployment benefits last week, bringing the total number of Americans who've said they've found themselves jobless in the past three weeks.

Emergency aid for small businesses was blocked by Senate Democrats Thursday amid demands that Republicans include broader funding measures and stipulations.

McConnell said Democrats' blocking the funding was equivalent to holding"Americans' paychecks hostage." Flanked by Sen. Jeanne Shaheen and Sen. Ben Cardin , Senate Minority Leader Chuck Schumer addresses reporters following a lunch with Senate Democrats on Capitol Hill, October 24, 2017, in Washington, D.C.The small business loan program, known as the Paycheck Protection Program, was created under a $2 trillion economic stimulus package passed last month.

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:

 /  🏆 468. in US
 

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

Trying to pass it without knowing what was in the bill? Knowing McConnell he probably had a clause stuffed in there. We would pay for a new house for him and his family.

Jali_Cat How much of a raise do Dems want this time?

Can’t wait to hear Nevada’s Senators explain this vote!

More money for the Kennedy Center wanted? idiots

oof that's a damaging headline

What is really going on?

Well, in fairness, if Mitch McConnell is mentioned then there is doubtless a political stunt…

FU Where are the headlines about senatemajldr letting lobbyists wrote the bailout where r the headlines realDonaldTrump firing all the IG this is y America is quickly fading into the sunset

Republicans just blocked a critical bill to aid small businesses, all because it also included help for communities on the front-lines, hospitals, and nutrition benefits for those going hungry. Shameful. Confronting this crisis requires helping ALL who need it.

good for them, gotta watch moscowmitch carefully, he is such a turd

United States United States Latest News, United States United States Headlines

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

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
Source: CNBC - 🏆 12. / 72 Read more »

Senate will vote to pass more small business aid Thursday, McConnell saysTHAT IS REALLY BAD, THE CURRENCY DEVALUATION WILL CAUSE HYPER INFLATION, DO THESE IDIOTS REALIZE THEY ARE NATIONLIZING THE CAPITAL MARKET. DO YOU KNOW WHAT THAT MEANS? MILK AT $100 more free money marcorubio Yea I went to the HouseDemocrats and HouseGOP with my ideas last night - because I truthfully believe that Pelosi has a more powerful voice than any Senator. I am sure you don’t disagree.
Source: CNBC - 🏆 12. / 72 Read more »

Small business funding hits snag in Senate with McConnell and Schumer at an impasseSenate Democrats are expected to block a GOP measure for $250 billion more for small businesses and instead offer a broader proposal of their own. How lawmakers will overcome the impasse remains to be seen. No funding for local media. That’s fkn bullsh!t 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? Make sure that you put everything that you need to get this bill right now. We all know who’s side Mitch is on.
Source: Newsweek - 🏆 468. / 52 Read more »