Trump ramps up pressure on Pelosi over stalemate on small business program: ‘Come back to Washington’

Trump ramps up pressure on Pelosi over stalemate on small business program: ‘Come back to Washington’
Kindly Share This Story

Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here.

President Trump on Friday ramped up the pressure on House Speaker Nancy Pelosi, urging her to “get back to Washington” and solve the stalemate in Congress over a $250 billion request to top-up a small-business loan program as part of the response to the coronavirus crisis.

“An incompetent political hack! Come back to Washington & take care of our great American workers,” Trump tweeted late Friday, responding to a video showing Pelosi on a late-night talk show, at home in California, showing off her ice cream collection.

CLICK HERE FOR FULL CORONAVIRUS COVERAGE

“Nancy Pelosi, she’s away on vacation or something,” he said earlier Friday at a White House press briefing. “And she should come back. She should come back and get this done. I don’t know why she’s not coming back. The fact is she’s not doing her job. And there’s nothing unusual about that for her.”

Trump has requested an extra $250 billion for the Paycheck Protection Program (PPP), after the Small Business Administration announced this week that it has reached its $359 billion lending limit given to it in the CARES ACT. A Senate session on Thursday adjourned without progress after Democrats refused the request.

READ MORE:  Sessions in close race as attempts return to Senate amid Super Tuesday voting

Senate Majority Leader Mitch McConnell put the blame on Democrats, saying the $250 billion package had Republican support: “Democrats would not let us re-open the program,” he said.

Democrats have said that, instead of a top-up of the program, they want more out of the deal — including money for hospitals and state and local governments as well.

CORONAVIRUS DISASTER LOAN CUTOFF LEAVES MANY SMALL BIZ OWNERS WITHOUT FINANCIAL RELIEF 

“We want to have more money for small business. We believe in that,” Pelosi said on MSNBC on Friday. “The entrepreneurial spirit of America is so important, but it is also important for us to have more funds for those on the front lines, the health care workers, the police and fire, EMS folks and all those who really need help as they try to save lives.“

“The fact that small governments, local governments and state governments are so lacking money is also vital,” Minority Leader Chuck Schumer said Friday.” And when they lay off hundreds of thousands of people, which they will before May 4th, when we come back, that’s just as bad as a small business person not being able to employ people.”

READ MORE:  Special Report: Countries, companies risk billions in race for coronavirus vaccine

“So you need it to be a little more comprehensive than just giving money to one small business program,” he said, before adding that Democrat and Republican staffers have been having “constructive” talks and believe an agreement is in sight.

An administration source told Fox News on Friday that the White House is increasingly confident that a deal will be struck by the beginning of next week on a plan to replenish the program. That deal is believed to include $250 billion for the program, an unknown amount for the Economic Injury Disaster Loan Program and $75 billion for hospitals.

Meanwhile, a Democrat source told Fox that a compromise deal they sent over on Friday would include $150 billion in state and local funding — it would provide funding for states based on need, but also new money for cities, counties and town, States including Pennsylvania, Ohio, Michigan and Wisconsin could receive billions in aid under the proposal.

CLICK HERE FOR THE FOX NEWS APP

The vote could come as early as Monday afternoon, although a Tuesday vote is more likely, the administration source said.

Fox News’ John Roberts, Chad Pergram and The Associated Press contributed to this report.

Read More

By Famous Reporters

5 Comments

  • … [Trackback]

    […] Info to that Topic: famousreporters.com/trump-ramps-up-pressure-on-pelosi-over-stalemate-on-small-business-program-come-back-to-washington/ […]

  • … [Trackback]

    […] There you can find 36796 more Info on that Topic: famousreporters.com/trump-ramps-up-pressure-on-pelosi-over-stalemate-on-small-business-program-come-back-to-washington/ […]

  • … [Trackback]

    […] There you will find 66235 additional Info to that Topic: famousreporters.com/trump-ramps-up-pressure-on-pelosi-over-stalemate-on-small-business-program-come-back-to-washington/ […]

  • … [Trackback]

    […] Find More Info here to that Topic: famousreporters.com/trump-ramps-up-pressure-on-pelosi-over-stalemate-on-small-business-program-come-back-to-washington/ […]

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.