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U.S. Policymakers Debate Over New Coronavirus Response as Small Business Program Reach its Cap

The U.S. policymakers contended Thursday about what the next coronavirus rescue package ought to include as a program to help small companies ran out of money, and the economy continued to battle from a monthlong shutdown.

The prime Republican in the U.S. House of Representatives stated Thursday he noticed no reason to give Democrats any concessions to secure new funding to assist small businesses reeling from the coronavirus pandemic.

A $350 billion emergency loan program accredited by Congress in March and designed to help small companies keep employees on their payrolls during the coronavirus disruption has run out of funds, the U.S. Small Business Administration said earlier Thursday.

In the meantime, officials mentioned a record 22 million Individuals have sought unemployment benefits over March.

The Trump management and congressional Republicans say the next coronavirus response bill, the fourth of the disaster, ought to merely add $250 billion to the small enterprise program to help preserve companies and jobs.

House Speaker Nancy Pelosi stated Thursday Democrats fully want to give small companies more money but are also urging more funding for state and local governments and hospitals dealing with the pandemic.

With President Trump announcing new guidelines to reopen the economy after a monthlong shutdown over the coronavirus crisis, and naming a bipartisan task force of lawmakers to advise him on it, Pelosi stated any transition to a reopened economy needs to be based on science and testing.

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