U.S. Congress in talks on coronavirus small business aid after partisan clash

  • 📰 Reuters
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 97%

United States News News

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

A partisan skirmish in the U.S. Senate cut short a Republican effort to speed $250 billion in new assistance to small businesses on Friday, forcing Republicans and Democrats to negotiate over how best to help independent firms reeling from the coronavirus outbreak.

U.S. Senate Majority Leader Mitch McConnell walks to the Senate Chamber floor on Capitol Hill in Washington, U.S. , April 9, 2020. REUTERS/Tom Brenner

Democrats want to mandate that $60 billion of new small-business money would be set aside for community-based lenders, including minority-run institutions. “To my Democratic colleagues, please – please - do not block emergency aid you do not even oppose just because you want something more,” McConnell said.

The National Restaurant Association, in a letter to congressional leaders, said a growing number of restaurant owners are concluding that the loan program “is not going to prevent them from permanently closing operations in local communities.” Congress and the Trump administration hope the small-business loans, coupled with aid to larger corporations, direct payments to individuals and emergency funding for hospitals, will help the United States recover from the economic devastation of the coronavirus outbreak.The pandemic has shuttered schools and businesses and left most of the nation’s population sheltering at home. On Thursday, the Labor Department said a staggering 16.

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:

 /  🏆 2. in US
 

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

Governors and mayors have already taken away rights.....it will be easier to take more and more from this point on. They must be held accountable or the Constitution becomes a joke.

Oh please Mitch.

After the libs blocked aid to small business owners.

Good

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.

Congress begins talks on small business aid after partisan dust-upA partisan skirmish in the U.S. Senate cut short a Republican effort to speed $250 billion in new small business assistance on Friday, forcing Republicans and Democrats to negotiate over how best to help businesses reeling from the coronavirus outbreak. 👍👍👍 Guess MoscowMitch is going to have to work with Dems... poor guy doesn't get to bulldoze partisan legislation through. Mandated voting by mail for every state must be required in one of these bills. We can't let Republican hacks pervert democracy. :)
Source: Reuters - 🏆 2. / 97 Read more »

Exclusive: Second India coronavirus stimulus to focus on aid to small businessA second stimulus package India is poised to announce in coming days will be worth around 1 trillion rupees ($13 billion) and focus on help for small and medium businesses weathering the coronavirus outbreak, two senior officials said on Wednesday. Where is my Wren and Martin? Let hope an good stimulus package Small 'businesses'..🙏🙏
Source: Reuters - 🏆 2. / 97 Read more »

Senate Democrats block GOP bid for $250 billion in small-business funds amid impasse over coronavirus aidSenate Democrats block a Republican proposal for $250B in small-business relief funds on Thursday after demanding the inclusion of additional resources for hospitals and state and local governments.
Source: NBCNews - 🏆 10. / 86 Read more »