GOP leaders refuse Dems' coronavirus demands, won't negotiate over small business lending program [View all]
Source: Washington Post
The top GOP leaders in Congress said Saturday they would not negotiate with Democrats and instead insisted that lawmakers approve more money for a small business lending program for firms impacted by the coronavirus pandemic.
Senate Majority Leader Mitch McConnell (R-Ky.) and House Minority Leader Kevin McCarthy (R-Calif.) released a joint statement Saturday morning saying they would not agree to any compromise with Democrats that changed their proposal to add $250 billion to the Paycheck Protection Program, which is being run by the Small Business Administration.
“Republicans reject Democrats’ reckless threat to continue blocking job-saving funding unless we renegotiate unrelated programs which are not in similar peril,” the joint statement said. “This will not be Congress’s last word on COVID-19, but this crucial program needs funding now. American workers cannot be used as political hostages.”
Their statement appeared to deepen a stalemate over Congress’ next steps to address the nation’s economic misery.
Read more: https://www.washingtonpost.com/us-policy/2020/04/1
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