U.S. lawmakers argue over coronavirus response as small business program runs out

  • 📰 Reuters
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

United States News News

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

U.S. lawmakers argued Thursday about what the next coronavirus rescue package should include as a program to help small businesses ran out of money and the economy continued to struggle from a monthlong shutdown.

FILE PHOTO: U.S. House Minority Leader Kevin McCarthy speaks to the media after a meeting in the office of House U.S. Senate Majority Leader Mitch McConnell to wrap up work on coronavirus economic aid legislation, during the coronavirus disease outbreak, in Washington, U.S., March 22, 2020. REUTERS/Mary F. Calvert/File Photo

A $350 billion emergency loan program approved by Congress last month and designed to help small businesses keep workers on their payrolls during the coronavirus disruption has run out of funds, the U.S. Small Business Administration said earlier Thursday. Meanwhile officials said a record 22 million Americans have sought unemployment benefits over the past month.

“We hope the administration will recognize those needs,” she told reporters in a conference call. “We don’t have any disagreement about wanting to help small businesses.”

 

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

Climate change: US megadrought 'already under way'

Maybe if they hadn’t given $20m of it to one enormous corporate monster with well over 5,000 employees, they could have taken care of a lot more actual small businesses? RuthsChris

Cannot trust those damn republicans or that orange pus ball. We give them nothing.

Just so sad to see the Republicans turning this into a political battle. Lives are at risk.

SpeakerPelosi is a goner in November

President Trump’s claim that he wielded “total” authority in the pandemic crisis prompted rebellion, not just from governors. Just like People can get tested. 🤥🤥🤥🤥Lies Lies lies, but we need more TESTING TESTING TESTING. Life will not go back to normal without TESTING.

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

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.

Small-business loan fund for coronavirus relief is set to run dry todayA $349-billion federal relief program for U.S. small businesses is expected to run out of money Wednesday afternoon, with many still waiting for a lifeline. Peanuts. Get your peanuts! This is awful
Source: latimes - 🏆 11. / 82 Read more »

U.S. coronavirus small-business program funding nearly spentFunding for a small business loan program is nearly wiped out with no agreement between the White House and Democrats on how to refill the coffers. Easy be a celebrity or athlete The American worker demands their $$$ that SpeakerPelosi is blocking. Besides u can test negative one day and be positive 2 days later. All the recommended guidelines R the same. Democrats always ' demand'
Source: latimes - 🏆 11. / 82 Read more »

Small-Business Aid Program Set to Run Out of Money Later TodayA small-business loan program at the center of a partisan standoff among congressional lawmakers is expected to run out of money later Wednesday, according to a person familiar with the fund. While Chuck and Nancy showboat so Q1 small biz shutdowns simply pushed into Q2
Source: WSJ - 🏆 98. / 63 Read more »