Thursday, April 9, 2020

Democrats Block McConnell’s Bid For Emergency Funds To Save Small Businesses

Via Billy

WASHINGTON, DC - MARCH 19: U.S. Senate Majority Leader Sen. Mitch McConnell (R-KY) walks into his office after he spoke on the Senate floor at the U.S. Capitol March 19, 2020 on Capitol Hill in Washington, DC. The Senate is back in session today as GOPs and Democrats work behind the scenes to produce “phase three” of the coronavirus response bill to combat the outbreak of the COVID-19 pandemic. (Photo by Alex Wong/Getty Images)

Senate Democrats blocked an emergency measure designed to inject an additional $250 billion into a swiftly depleting fund to bolster Americans small businesses Thursday, telling Senate Majority Leader Mitch McConnell (R-KY) that they want “add-ons to help businesses in disadvantaged communities and additional funding for states and hospitals” in addition to the extra funding.

The news comes amid a Department of Labor report showing an astounding 10% of the American workforce has now applied for unemployment insurance and concerns that small businesses are rapidly running out of survival time, especially as most states have now extended coronavirus-related lockdowns until the end of April.

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