Congressional leaders and the White House reached a deal Tuesday to increase funding for a popular small business loan program that quickly ran out of money last week as businesses scrambled for a lifeline during the coronavirus pandemic, the Senate’s top Democrat said.
President Trump on Tuesday tweeted his support and urged both the Senate and House to pass the measure. The package announced Tuesday would set aside $60 billion for very small businesses or businesses without an existing relationship with a bank. Democrats made this set-aside a priority because many such businesses — including women- and minority-owned companies — complained they were shut out of the initial phase of funding.
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Schumer says he believes Senate will pass small business bill Tuesday, with 'agreement on just about every issue'Schumer said he spoke 'well past midnight' with House Speaker Nancy Pelosi, White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin, and that they 'came to an agreement on just about every issue.' finally! Sure as hell hope SenSchumer, SpeakerPelosi, HouseDemocrats and SenateDems have all the bases covered on this next PPP funding. Now that everyone knows there's cronyism going on D's will pay as heavy a price ad R's if oversight is not strong.
Source: CNBC - 🏆 12. / 72 Read more »
Senate near deal for $475 billion relief package for small business, hospitals, testingSchumer said he spoke 'well past midnight' with House Speaker Nancy Pelosi, White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin, and that they 'came to an agreement on just about every issue.' Tell me why Roberts and others at Fox and White House have been vaccinated. There is a vaccine and we are not being told Let's hope actual SMALL businesses receive funding this time. I have my doubts. Any American who files another tax return is a fool if they support this level of spending Why not just direct deposit $100k into everyone’s account - make us all “rich” Why isn’t CNBC reporting on the level of stupidity in congress?
Source: CNBC - 🏆 12. / 72 Read more »