GOP, Democrats in Standoff Over Boosting Small-Business Aid
- McConnell’s plan would provide $250 billion sought by Mnuchin
- Democrats seek more funds for hospitals, local governments
Senate Majority Leader Mitch McConnell speaks to members of the media at the U.S. Capitol on March 23.
Photographer: Al Drago/BloombergThis article is for subscribers only.
Senate Democrats blocked Majority Leader Mitch McConnell’s attempt to quickly pass a $250 billion boost in funds for small businesses suffering revenue losses in the pandemic, likely delaying any action until leaders of both parties find a compromise.
McConnell had sought unanimous consent in the Senate Thursday for the small business aid requested by Treasury Secretary Steven Mnuchin. Monday may be the next chance to quickly approve more aid without objection, and lawmakers aren’t scheduled to return to Washington until the week of April 20.