An extension of support for small businesses got delayed in Congress.
Senate Democrats shot down Republican Senators’ plans to provide up to $250 billion more in loans for small businesses. The proposed plan would allow more businesses to apply for loans to keep employees in their jobs.
Democrats want to expand the support in the emergency funding beyond small businesses to include state/local governments and hospitals.
House Speaker Nancy Pelosi said a proposal that only included small business funding would not get Democratic backing. The two parties have competing proposals, so it may take some time to find and approve the funding.