Get all the latest news on coronavirus and more provided daily to your inbox. Register here.
Senate Minority Leader Chuck Schumer, D-N.Y., safeguarded his party on Friday as MSNBC anchor Willie Geist pressed him on Democrats’ unwillingness to authorize relief for small companies during the coronavirus pandemic.
” Senator Schumer, as you just set out, that PPP [paycheck protection] program has run out of its $350 billion worth of funds,” Geist said on “Morning Joe.”
” There’s that $250 billion legislation proposed to get that money to small businesses right now. It aims to a lot of small company owner who are waiting for the checks, who actually have actually had loans authorized but [are] now hearing from their banks there’s no cash left in the fund […] Like you all, the Democrats, are standing in the way of that because you want to work out another piece for healthcare facilities and state and local federal governments.”
JOB CREATORS NETWORK BLASTS PELOSI AND SCHUMER’S SMALL BUSINESS STONEWALLING: ‘IT’S RIDICULOUS’
” No, that’s not real,” Schumer reacted. Geist followed up by asking why the party wouldn’t consider a separate bill for moneying state and local governments.
More from Media
” First of all, to give the cash to the PPP program without fixing it would make no sense,” Schumer stated. ” You ‘d still have more than half business overlooked and getting no money. Do not just ask Democrats. 8 Republican senators stated that in a letter to [Senate Majority Leader] Mitch McConnell. The Chamber of Commerce, hardly a Democratic company, likewise agreed.”
Schumer also stressed the requirement to assist healthcare facilities and avoid layoffs in state and city governments.
” And when they lay off hundreds of countless people, which they will before Might 4th when we come back, that’s just as bad as the small business individual not being able to employ people … these immediate things are required,” he stated.
SEN. CHUCK GRASSLEY: CORONAVIRUS-DAMAGED ORGANISATIONS PROVIDING OVER HALF OF US JOBS DESERVE TAX BREAK
He added that he was making “development” in conversations with House Speaker Nancy Pelosi, D-Calif., and Treasury Secretary Steve Mnuchin.
Geist challenged Schumer by pointing to Sen. Kyrsten Sinema, D-Ariz., who got in touch with the Senate to pass additional financing “ASAP.”
” The PPP program is going to run out of funding soon– the Senate ought to authorize add’ l financing by unanimous permission ASAP,” she tweeted on Thursday. “Small companies require our assistance to endure throughout this emergency.”
CLICK ON THIS LINK TO GET THE FOX NEWS APP
Schumer reacted by claiming that Sinema had actually gotten in touch with both celebrations to do their part– apparently describing another tweet from Thursday.
” Arizona services are relying on us to assist them during this emergency situation. I’m contacting leadership in both parties to get thru [sic] this stalemate ASAP– we can’t wait longer,” she had actually tweeted.
