• About us
  • Donate
  • WADR
  • Contact us
  • Live Stream
Friday, January 27, 2023
Loud Silence News
Advertisement
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
Loud Silence News
No Result
View All Result
Home US News US Politics

Congress Rushes to Seal Deal to Replenish Small Business Relief Program

Loud Silence Staff by Loud Silence Staff
April 21, 2020
in US Politics
0
Congress Rushes to Seal Deal to Replenish Small Business Relief Program
1
SHARES
8
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

[ad_1]

“There’s still a few more i’s to dot and t’s to cross,” Mr. Schumer said, “but we have a deal.”

Congressional aides warned that final text had not been agreed to, even as lawmakers voiced optimism that a deal could be reached within hours. Even if the Senate were able to approve the legislation on Tuesday, the House would not take action on the measure until Thursday morning to allow lawmakers time to return to Washington for a recorded vote.

In the two weeks since Steven Mnuchin, the Treasury secretary, first requested an expedited infusion of $250 billion to shore up the newly created loan program for distressed small businesses, funding has lapsed and the program has been unable to process applications for millions of companies. Democrats rejected the administration’s request to pass a stand-alone bill funding the program, which was created last month by the $2.2 trillion stimulus law, and insisted that the money be coupled with additional funds for hospitals, testing and state and local governments.

While negotiators agreed to increase the administration’s original request, it is unclear how long the new funds could sustain the program, which had a rocky rollout that stretched the capacity of the Small Business Administration, the small federal agency overseeing it. It took only 13 days to exhaust the original tranche of $349 billion, which covered more than 1.6 million loans from nearly 5,000 lenders — more than 14 years’ worth of loans typically processed by the agency.

Mr. Schumer, Mr. Mnuchin, Speaker Nancy Pelosi of California and Mark Meadows, the White House chief of staff, spoke after midnight Tuesday in an effort to resolve an impasse over Democrats’ demands for a national testing strategy, as well as whether to allocate funds to state and local governments. Representative Steny H. Hoyer, Democrat of Maryland and the majority leader, said that the funds included in the measure would be divided between state governments and the federal government to expand testing across the country.

“This was not political — this was not something we didn’t think was critically important” Mr. Hoyer said. “If it wasn’t critical, I don’t think the Republicans would’ve agreed.”

“This is a victory for everybody,” he added.

Mr. Schumer also indicated that while there would not be a new round of aid for states and cities in the measure, the White House had agreed to give those governments flexibility in using money allocated in previous coronavirus legislation to help compensate for revenue shortfalls. Mr. Mnuchin and Republican leaders had objected to including more such funding in the interim package, saying it should be part of a future bill.

Gov. Andrew M. Cuomo of New York criticized the emerging plan because it did not include money for state and local governments. The National Governors Association had called for half a trillion dollars to help counter budgetary shortfalls.

[ad_2]

This content first appear on nytimes

You might also like

Trump Congratulates Nigeria’s Autocratic Ruler for Banning Twitter

Biden Announces The Creation of 1.5 Million Jobs In Just 3 Months as President

Trump Gives Phoenix Mask Factory Visit a Campaign Feel

Previous Post

May The Odds Be Ever In The ‘Hunger Games’ Prequel Movie’s Favor

Next Post

Before And After images Show How Coronavirus Lockdown Is Ridding Cities Of Pollution And Clearing The Earth’s Skies | News

Loud Silence Staff

Loud Silence Staff

Related Posts

US Politics

Trump Congratulates Nigeria’s Autocratic Ruler for Banning Twitter

by News Reporter
June 9, 2021
US Politics

Biden Announces The Creation of 1.5 Million Jobs In Just 3 Months as President

by News Reporter
May 29, 2021
Trump Gives Phoenix Mask Factory Visit a Campaign Feel
US Politics

Trump Gives Phoenix Mask Factory Visit a Campaign Feel

by Loud Silence Staff
May 6, 2020
Federal injunction reinstates NY primary after Yang lawsuit; Sanders, others back on ballot
US Politics

Federal injunction reinstates NY primary after Yang lawsuit; Sanders, others back on ballot

by Loud Silence Staff
May 6, 2020
New York Must Hold Democratic Presidential Primary, Judge Rules
US Politics

New York Must Hold Democratic Presidential Primary, Judge Rules

by Loud Silence Staff
May 6, 2020
Next Post
Before And After images Show How Coronavirus Lockdown Is Ridding Cities Of Pollution And Clearing The Earth’s Skies | News

Before And After images Show How Coronavirus Lockdown Is Ridding Cities Of Pollution And Clearing The Earth’s Skies | News

Recommended

Galamsey’ queen’ Aisha Huang re-arrested and remanded by Accra Court

Galamsey’ queen’ Aisha Huang re-arrested and remanded by Accra Court

September 5, 2022
Time to reflect a ‘blessing in disguise’ for Lions’ Whiteley

Time to reflect a ‘blessing in disguise’ for Lions’ Whiteley

April 20, 2020

Categories

  • African Business
  • African Education
  • African Health
  • African News
  • African Politics
  • African ShowBiz
  • Education
  • Ghana Business
  • Ghana News
  • Ghana ShowBiz
  • Ghana Sports
  • Human Interest Stories
  • News
  • Opinion
  • People
  • ShowBiz
  • Social Trends
  • US Business
  • US Education
  • US Health
  • US News
  • US Politics
  • US Showbiz
  • WADR
  • World Business
  • World News
  • World Politics
  • World Showbiz
  • World Sports

Don't miss it

Minority makes a strategic change of leadership in parliament with Ato Forson as Minority leader.
Ghana News

Minority makes a strategic change of leadership in parliament with Ato Forson as Minority leader.

January 24, 2023
Kusi Boateng’s JNS has never paid taxes neither have they ever filed annual tax returns – Okudzeto Ablakwa
Ghana News

Kusi Boateng’s JNS has never paid taxes neither have they ever filed annual tax returns – Okudzeto Ablakwa

January 23, 2023
Akufo Addo Spent ¢10bn of Covid-19 funds on ‘budget support’ – Auditor-General’s report
Ghana News

Akufo Addo Spent ¢10bn of Covid-19 funds on ‘budget support’ – Auditor-General’s report

January 23, 2023
OSP Kissi Agyebeng Protects NPA Boss Mustapha Hamid Over Illegal Contract
Ghana News

OSP Kissi Agyebeng Protects NPA Boss Mustapha Hamid Over Illegal Contract

January 22, 2023
Hon. Okudzeto Ablakwa Exposes Serious Criminal conduct Of Kusi Boateng Who is the Secretary of the Board of Trustees of Akufo Addo’s Cathedral
Ghana News

Hon. Okudzeto Ablakwa Exposes Serious Criminal conduct Of Kusi Boateng Who is the Secretary of the Board of Trustees of Akufo Addo’s Cathedral

January 16, 2023
It’s so late deserting the already Sunk ship – Mahama jabs Alan, Afriyie Akoto
Ghana News

It’s so late deserting the already Sunk ship – Mahama jabs Alan, Afriyie Akoto

January 13, 2023

About Us

LOGO

Loud Silence Radio & TV Network and is a multi media production company focusing on Ghanaian and African news.

Contact

  • Alexandria, Virginia, USA
  • +1 212-602-9641
  • loudsilenceradio@gmail.com
Facebook Twitter Youtube Linkedin

Download App

google play store

© 2021 Loud Silence Media. All rights reserved.

  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
Menu
  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.