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

United States News News

Senate Democrats block $250 billion in small business relief, accuse McConnell of a 'political stunt'
United States Latest News,United States Headlines
  • 📰 Newsweek
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

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.

Emergency aid for small businesses was blocked by Senate Democrats Thursday amid demands that Republicans include broader funding measures and stipulations.

McConnell said Democrats' blocking the funding was equivalent to holding"Americans' paychecks hostage." Flanked by Sen. Jeanne Shaheen and Sen. Ben Cardin , Senate Minority Leader Chuck Schumer addresses reporters following a lunch with Senate Democrats on Capitol Hill, October 24, 2017, in Washington, D.C.The small business loan program, known as the Paycheck Protection Program, was created under a $2 trillion economic stimulus package passed last month.

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:

Newsweek /  🏆 468. in US

United States Latest News, United States Headlines

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

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 »

Senate will vote to pass more small business aid Thursday, McConnell saysSenate will vote to pass more small business aid Thursday, McConnell says
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 »

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 »

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: 2025-03-04 01:52:59