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Kevin Owen McCarthyHispanic rights organization launches campaign to include immigrants in pandemic response Aids expect Schumer and Mnuchin to reach agreement on coronavirus relief Dozens of progressive organizations ask Congress to fund email voting efforts PLUS(R-Calif.) Also issued a statement before 9 p.m. Wednesday, warning that funding for the small business loan program would run out "within hours".
Once the agency has backed $ 349 billion in loans "it will have to stop accepting loan applications to save jobs," warned GOP leaders.
"The Democrats have spent days blocking emergency funding for Americans' paychecks and now the bipartisan program is dry," they said.
A top Democrat official said Schumer and House Speaker Nancy Pelosi Nancy PelosiNew York lawmakers in New Jersey are demanding more federal aid for states hardest hit by Pelosi coronavirus: Ignore Trump, listen to scientists McConnell strikes McGrath Following Attacks In New PLUS AnnouncementStaff from (D-Calif.) Met with Mnuchin and Treasury staff on Wednesday and agreed to continue discussions on Thursday.
This gives negotiators only a few hours to reach agreement before a pro forma ceremonial session scheduled for 3 p.m. If nothing is agreed by then, talks will likely continue next week and small businesses will be refused to submit requests in the coming days.
However, even if Mnuchin and Schumer agree to an agreement, it could be difficult to get the 53 Republican senators to agree to give unanimous consent for a $ 500 billion package. If only one senator objects, the package could be blocked until the Senate meets again, which is not expected until May 4.
Last week, McConnell attempted to pass unanimous consent in the Senate of $ 251 billion in his own vote easy tribal loan no credit check to expand the SBA's lending capacity, but the Democrats objected. They said at least $ 60 billion in small business loans should be set aside for businesses owned by women, minorities and veterans in underserved urban, rural and tribal areas.
They also requested that SBA funding be associated with $ 100 billion for hospitals and $ 150 billion for state governments.
"It was amazing to see our fellow Democrats treat the emergency funding of American paychecks as a Republican priority that they should be encouraged to support," wrote McConnell and McCarthy in their statement. "Funding for a bipartisan program should not be a partisan issue. . The idea that crucial aid for workers does not appeal enough to Democrats without other additions sends a strange message about their priorities. "
Republican leaders have shown no sign of being ready to accept Schumer and Pelosi's requests for additional funding for hospitals and state governments.
"The cost of continuing democratic obstruction will be the pink slips and the closed businesses," they said. "We hope the Democrats will soon see the reason and finally heed the repeated calls from Republicans for a funding bill that can quickly get the unanimous consent of 100 senators and become law. "
Pelosi in an interview with CNN Jake TapperJacob (Jake) Paul TapperFauci offers his support for Trump Trump shares a tweet from a supporter calling for the dismissal of Fauci Governor of New Jersey: "We are fighting to stay ahead" on capacity in beds, ventilators, PPE PLUS Republicans were accused of being unreasonable on Wednesday.
She said that many small business owners, especially those who did not have strong pre-existing relationships with banks, are struggling to get money.
"Why would they want to suppress this whole layer of people, mainly women, businesses belonging to minorities, Amerindians, rural America, veterans, all participating in these initiatives? And so we are just saying that we cannot allow billions, hundreds of billions of dollars to be spent to fight the horror of the coronavirus and the impact on our economy, to further harden the disparity, the lack of access to credit for so much in the small business community, "she said.