Small Business Loan Funds Running Out With Congress Stalled
- Small business loan program close to exhausting $349 billion
- Trump, GOP support adding $250 billion, Democrats want more
Photographer: Oliver Contreras/Sipa/Bloomberg
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The $349 billion program to help small businesses reeling from the Covid-19 outbreak could be exhausted by Thursday, a top White House adviser said, but negotiations in Congress to replenish it remain stalled.
“At the present run-rate, we’re going to be out of money,” Larry Kudlow, President Donald Trump’s chief economic adviser, said Tuesday on Fox Business Network.