US Democrats and Republicans were near agreement on Monday for extra money to help small businesses hurt by the coronavirus pandemic, a top ...
WASHINGTON: US Democrats and Republicans were near agreement on Monday for extra money to help small businesses hurt by the coronavirus pandemic, a top Republican lawmaker said, but he accused Democrats of holding up a deal.
"We could have been done yesterday, but the Democrats continue to hold up, even though we had agreed to all the numbers," Representative Kevin McCarthy, House minority leader, told Fox News.President Donald Trump said on Sunday that Republicans were"close" to an agreement with Democrats, who have the majority int he House, and suggested there could be a resolution on Monday.
"A lot of good work has been going on. We could have an answer tomorrow," the Republican president said. Members of the two parties have been taking shots at one another over the delay in further small-business aid, as Trump supporters have been staging protests of orders for Americans to stay at home and businesses to remain closed, to prevent the further spread of the virus.
The Trump administration sought to add US$250 billion to a small-business loan program established last month as part of a US$2.3 trillion coronavirus economic relief plan. That fund has already been exhausted.Democratic leaders wanted more money for small businesses but with safeguards to ensure credit reaches underserved communities. They also sought more funds for state and local governments and hospitals, as well as food aid for the poor.
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.
US House Speaker Pelosi says 'very close' to coronavirus funding dealWASHINGTON (REUTERS) - US House Speaker Nancy Pelosi said she believed lawmakers are very close to a deal on approving extra money to help small businesses hurt by the coronavirus pandemic.. Read more at straitstimes.com.
Read more »
US crude falls below US$17 a barrel[SINGAPORE] US crude on Monday fell more than eight per cent to below US$17 a barrel, hitting fresh multi-year lows despite a major deal to cut output as the coronavirus pandemic throttles demand. Read more at The Business Times.
Read more »
US crude falls below US$15 a barrel, down about 20%SINGAPORE: US crude fell about 20 per cent to below US$15 a barrel on Monday (Apr 20), its lowest level in about two decades, as a ...
Read more »
US crude falls below US$17 a barrelSINGAPORE: US crude on Monday (Apr 20) fell below US$17 a barrel to fresh multi-year lows as the COVID-19 pandemic throttles global demand, ...
Read more »
COVID-19 relief deal possible on Sunday for US small businesses: OfficialsWASHINGTON: US lawmakers are very close to an agreement on approving extra money to help small businesses hurt by the coronavirus pandemic and ...
Read more »
Coronavirus relief deal for US small businesses may come Monday: TrumpWASHINGTON: US Democrats and Republicans are near agreement on approving extra money to help small businesses hurt by the coronavirus pandemic and ...
Read more »