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Congress Mulls Expanded SBA Loan Authority, Democratic Demands

April 17th, 2020 by WCBC Radio

Lawmakers are working to break a stalemate over extending more aid to small businesses. Democrats want the next package to include aid to hospitals, states and local governments while Republicans have been pushing for the $250 billion in additional loan authority the Trump administration has asked for.

The original $349 billion in loan authority given to the U.S. Small Business Administration under the Paycheck Protection Program took just two weeks to drain. The SBA announced Thursday that all of the money had been spoken for.

2 Responses to “Congress Mulls Expanded SBA Loan Authority, Democratic Demands”

  1. April 18, 2020 at 2:19 pm, Mark said:

    And (as has been widely reported) the first 349 billion has been scooped up by Corporations and other well connected D.C insiders that have suffered NO losses. Both parties are helping the rich while the REAL SMALL business owners get screwed!

    Reply

  2. April 18, 2020 at 4:41 pm, Martin D Fornwalt said:

    AND! PELOSI! SAID THERE WAS NO HURRY! WHILE SHE FLEW HOME! $25 THOUSAND IN FULL STOKED FRIGIES! IN HER MANSION! IN OUR TAX DOLLAR PAID PRIVET PLANE! NOT HELPING THE TAX PAYERS THAT FOOT AMERICA’S MISSPENT TAX DOLLRS! WASTED MONEY! AND! GIVING THEM SELVES RAISES! ON THE PISS POOR JOBS THEY HAVE DONE FOR 60 YEARS!

    Reply

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