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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMcConnell, Trump appear to differ on pending economic aid bill
April 17, 2020, 11:20 AM EDT
By Steve Benen
The Paycheck Protection Program, created to aid small businesses and their employees, officially ran out of money yesterday. Democratic and Republican leaders agree on infusing the initiative with new resources, but reaching a bipartisan agreement has proven tougher than expected.
As we discussed yesterday, Democratic leaders want to multi-task: while re-investing in the PPP, the party wants to include in the same bill additional funding for struggling states and municipalities, financially strapped hospitals, and families relying on food stamps. Republicans leaders, meanwhile, want a bill that focuses exclusively on the PPP, pushing off other priorities for a future package.
Dems are ready to negotiate and work out some kind of deal; Republicans have said they will not participate in talks that might lead to funding for the Democratic goals.
Yesterday, Donald Trump reportedly seemed to be ready to side with Democrats. The Hill reported:
https://www.msnbc.com/rachel-maddow-show/mcconnell-trump-appear-differ-pending-economic-aid-bill-n1186291
at140
(6,110 posts)He wants the economy to hum again ASAP. That is his ONLY chance to get 4 more years of dictatorship.
It does not matter how much money gov't will have to borrow and spend, it is not his money.
Did you see how he pressured the FED to lower interest rates to near zero? That saved him millions in interest for his construction loans.
duforsure
(11,885 posts)Want to give the money to big corporations and millionaires , while preventing direct payments to the people, or helping small businesses survive. They're causing us to get closer to the trump depression. trumps stiffing the American people like he does to contractors , while claiming he isn't, and trying to help us, lol.