Over roughly two weeks, about 90% of the $349 billion set aside to help businesses stay afloat during the coronavirus pandemic has been allocated.
The top Republicans in the Senate and House – Senate Majority Leader Mitch McConnell and House Minority Leader Kevin McCarthy – said Democrats were holding American workers"hostage" to political demands.
Senate Minority Leader Chuck Schumer, D-N.Y., spoke with Mnuchin on Wednesday and said Democratic staff from the House and Senate were planning to meet with the Treasury Department later in the day. "I can’t guarantee that we can get to an agreement that we can pass by Friday," he told reporters on a conference call Wednesday.
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Where the Stimulus Loans for Small Businesses Are GoingThe federal government has so far approved loans and grants worth nearly $250 billion for more than one million businesses impacted by the coronavirus outbreak under its small business relief program.
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Small business loans top $296 billion and could reach the program's limit by the end of WednesdaySmall business loans top $296 billion and could reach the program’s limit by the end of Wednesday
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To save the US economy, policymakers need to understand small business 101The small business landscape has changed dramatically over the last few decades, and policymakers need to understand the demographics in order for economic stimulus to be properly aligned for Main Street.
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Hedge fund managers are claiming coronavirus bailouts as small businessesHedge funds and other trading firms might be able to participate in a historic stimulus package to keep small businesses alive through the coronavirus pandemic.
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Small business tool Square to roll out coronavirus stimulus loan applicationsSquare, the payment tool many small businesses use to process customers' credit cards, said it will begin rolling out stimulus loan applications to its customers, as part of the U.S. government's Paycheck Protection Program.
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Small-Business Funding Dispute Challenges Community LendersCommunity lenders are having a tough time getting a piece of the $350 billion set aside under the SBA’s Paycheck Protection Program (Corrects an earlier tweet that said this figure was $350 million, which has been deleted)
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