WASHINGTON — Senate Democrats blocked a Republican proposal to add $250 billion to small-business coronavirus relief funds on Thursday after demanding the inclusion of additional resources for hospitals and state and local governments.
“I am afraid that this unanimous consent is basically a political stunt," Sen. Ben Cardin, D-Md., said following McConnell's request. “This unanimous consent was not negotiated, there was no effort made … so it won’t get done. It's not going to be enacted.” “The majority leader knew full well there was not agreement," Van Hollen said."This was designed to fail.”
The Paycheck Protection Program, the forgivable small-business loan program created by the $2 trillion stimulus package known as the CARES Act, has been overwhelmed by demand. Less than a week after it launched, many lawmakers expressed concern that the program would quickly run out of the $350 billion they provided for it.“Please, do not block emergency aid that you do not oppose just because you want something more," he said.
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Yahoo Good, if nothing else the Democrats know that to deal with Trump, everything has to be spelled out word for word as to where the money is going or it will end up in the accounts of millionaires and billionaires.
Back to helping themselves to seconds? Disgusting.
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Senate Democrats block $250 billion in small business relief, accuse McConnell of a 'political stunt'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. good for them, gotta watch moscowmitch carefully, he is such a turd 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.
Source: Newsweek - 🏆 468. / 52 Read more »
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 »
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 »