White House and Congress Reach Deal to Fund Small Business Loans

WH [PUblic Domain]

The White House and Congress have reached a deal to inject more funding into the small business loan program.

According to The Hill:

The White House and Congress have reached a deal on a new funding package that will replenish a lending program meant to aid small businesses impacted by the novel coronavirus outbreak, two administration sources confirmed on Tuesday.

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Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows struck an agreement on the core components of the deal with Senate Democratic Leader Charles Schumer (N.Y.) and Speaker Nancy Pelosi (D-Calif.) early Tuesday morning.

Schumer announced the deal during an interview on CNN shortly after 8 a.m. Tuesday and White House officials confirmed after 1 p.m.

Final details of the package are forthcoming but it is expected to total more than $450 billion and provide roughly $300 billion for the Small Business Administration’s popular Paycheck Protection Program (PPP), and $50 billion for the Economic Injury Disaster Loan program.

The President hinted that after this is done he will begin to discuss the funding of infrastructure and relief to state and local governments.

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Paul
Paul
11 months ago

What do they call the bill and what is in it? Always there is more to the picture than we are told.
Just like there are 3 bills already but we only have seen 2 of them and the third is a mystery.

Ray Richard
Ray Richard
11 months ago
Reply to  Paul

Agree. The story here only tally’s 350 BILLION of the 450 BILLION bill. Oh well, whats another 100 billion down the drain.

JackPowersIII
JackPowersIII
11 months ago

HOW MUCH $$$$$s in this one for PELOSI’s Ice Creme, OR OBAMA’s favorite Communist Organization? Who hasn’t been paid yet? Did ERIC HOLDER get his kick back yet? WE know that Susan Rice, Pelosi’s Daughter, and Vallerie Jarret got theirs in the last COVID19 Pay-out. So who gets paid next via the DNC negotiating demands? WHEN are WE the People going to stand up and SLAM these Political Crooks on The Socialist Side of The Aisle? The DNC must be decimated with littered bodies left to mark where they once ruled!

Mike Gunter
Mike Gunter
11 months ago
Reply to  JackPowersIII

There are 535 politicians telling us what to do and how to live. There are about 20 or 30 that need to be shot for treason and this country would be great again. Sick of these communist trying to destroy America. It is time to walk in the Capital and take them out of office.

Nick beck
Nick beck
11 months ago

Stop all the whimpering and wineing, wait for the opportunity and use it FULLY. Do not quit until it’s finished period!

jerris kidd
jerris kidd
11 months ago

REALLY THE PEOPLE ARE ALWAYS BLINDSIDED ON THESE BILLS AND WHAT ELSE WAS IN IT FOR PELOIS’S SURAGE COATING ???

Charles j Ferraro
Charles j Ferraro
11 months ago

So what did they spend the other 100 billion on?

Ray Richard
Ray Richard
11 months ago

We can be sure of one thing. IF they don’t tell us up front it’s not going to be good.

spunky52
spunky52
11 months ago

This is being allowed to play out, to allow low information citizens the chance to hear these “champions of the people” show what they really are. Indictments are coming, the politically correct criminal enterprise, that all these belong to is slowly being dismantled, and soon they will not have the opportunity, to fleece America, anymore!

Ellen
11 months ago

What has Nancy Piglosi snuck into the new Business package ? She most likely got funding for “Planned Murderhood” ! Or some other frivolous organization that the Dems have pushed her to include ! Karma is such a sweet thing, because I know she will one day soon get “ Her Comingups” !

j morrow
11 months ago

Veto if full of Democrat fluff. Got to stand up to the crap pushers.

Rich
Rich
11 months ago

I agree with Ellen and J Morrow on this one..No telling what kind of a stool sample Pelosi is going to sell us this time. “You have to pass it to find out what’s in it” seems to ring a LOUD bell. Sounds like the Repubs all caved just to get it through…Trump is probably still gagging on this one and will be as more of the garbage is revealed. Since Pelosi got her daughter 25 million for the Kennedy center last time..I wonder what she and her son will get this go-around..Corruption at the highest levels. I’ve always heard it said that all politicians are crooks..now we have to find out to what degree and who they are..I wonder if there are any REAL politicians who are NOT crooks?? That have any code of honor..except corruption?

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