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Yo_Mama_Been_Loggin

(107,982 posts)
Wed Apr 8, 2020, 09:45 PM Apr 2020

Mnuchin, Schumer in talks to strike short-term relief deal

Treasury Secretary Steven Mnuchin and Senate Minority Leader Charles Schumer (D-N.Y.) are in talks to avoid a nasty Senate floor fight between Democrats and Republicans that could leave a critical small-business loan program short on funds.

Senate Majority Leader Mitch McConnell (R-Ky.) plans to ask for unanimous consent Thursday morning to approve of an additional $250 billion for the popular Paycheck Protection Program under which small businesses can get federally backed loans that will be forgiven if they keep workers on payroll during the coronavirus downturn.

But Senate Democrats are threatening to object unless the Trump administration and GOP lawmakers agree to several concessions.

Schumer and Speaker Nancy Pelosi (D-Calif.) say the funding for the small business program must ensure the money is getting to businesses owned by women, minorities and veterans in underserved communities.

https://www.msn.com/en-us/news/politics/mnuchin-schumer-in-talks-to-strike-short-term-relief-deal/ar-BB12lLJM?li=BBnb7Kz

Corporate Welfare Mitch

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Mnuchin, Schumer in talks to strike short-term relief deal (Original Post) Yo_Mama_Been_Loggin Apr 2020 OP
Give $ to workers & families! 🤬 SheltieLover Apr 2020 #1
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