U.S. lawmakers argued Thursday about what the next coronavirus rescue package should include as a program to help small businesses ran out of money and the economy continued to struggle from a monthlong shutdown.
FILE PHOTO: U.S. House Minority Leader Kevin McCarthy speaks to the media after a meeting in the office of House U.S. Senate Majority Leader Mitch McConnell to wrap up work on coronavirus economic aid legislation, during the coronavirus disease outbreak, in Washington, U.S., March 22, 2020. REUTERS/Mary F. Calvert/File Photo
A $350 billion emergency loan program approved by Congress last month and designed to help small businesses keep workers on their payrolls during the coronavirus disruption has run out of funds, the U.S. Small Business Administration said earlier Thursday. Meanwhile officials said a record 22 million Americans have sought unemployment benefits over the past month.
“We hope the administration will recognize those needs,” she told reporters in a conference call. “We don’t have any disagreement about wanting to help small businesses.”
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