Senate Democrats block GOP bid for $250 billion in small-business funds amid impasse over coronavirus aid'

South Africa News News

Senate Democrats block GOP bid for $250 billion in small-business funds amid impasse over coronavirus aid'
South Africa Latest News,South Africa Headlines
  • 📰 YahooNews
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 59%

BREAKING: 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

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.

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:

YahooNews /  🏆 380. in US

South Africa Latest News, South Africa Headlines

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

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

Mnuchin seeks $250 billion more in small business aid, as Senate vote is planned for ThursdayMnuchin 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.
Read more »

Democrats want $500B more in crisis relief, setting up Senate showdownDemocrats want $500B more in crisis relief, setting up Senate showdownHouse Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer are calling for half a trillion dollars in additional aid to deal with the COVID-19 crisis.
Read more »

'We Should Reward Them': Senate Democrats To Push For Frontline Worker Hazard Pay'We Should Reward Them': Senate Democrats To Push For Frontline Worker Hazard PaySenate Democrats are proposing hazard pay that will include a pay increase up to $25,000 for essential workers. 'We are asking these workers to take great risks and we should reward them for it.'
Read more »

Small business funding hits snag in Senate with McConnell and Schumer at an impasseSmall 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.
Read more »

Durbin warns of 'dangerous and risky' Senate return on April 20Durbin warns of 'dangerous and risky' Senate return on April 20Senate Minority Whip Dick Durbin is warning that the Senate coming back in two weeks as scheduled would be “dangerous and risky” amid the coronavirus pandemic
Read more »



Render Time: 2025-03-11 03:32:12