As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by TheHill.com:
Treasury Secretary Steven Mnuchin and Senate Minority Leader Charles Schumer (D-N.Y.) are in talks to avoid a nasty Senate floor fight between Democrats and Republicans that could leave a critical small-business loan program short on funds.
Senate Majority Leader Mitch McConnell (R-Ky.) plans to ask for unanimous consent Thursday morning to approve an additional $250 billion for the popular Paycheck Protection Program, under which small businesses can get federally backed loans that will be forgiven if they keep workers on payroll during the coronavirus downturn.
The article goes on to state the following:
But Senate Democrats are threatening to object unless the Trump administration and GOP lawmakers agree to several concessions.
The report says Schumer and House Speaker Nancy Pelosi are insisting the package must include the following:
- The money must go to businesses owned by women, minorities and veterans in underserved communities.
- Another $100 billion for hospitals and health care centers
- $150 billion for state and local governments
- A 15 percent funding increase for the Supplemental Nutrition Assistance Program (SNAP) that provides food stamps
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