Senate Democrats on Thursday stalled President Donald Trump's request for USD 250 billion to supplement a "paycheck protection" programme for businesses crippled by the coronavirus outbreak, demanding protections for minority-owned businesses and money for health care providers and state and local governments.
They sidetracked a request by Majority Leader Mitch McConnell, R-Ky, to give the unanimous consent necessary to fast-track Trump's request.
"We need more funding and we need it fast," McConnell said as he opened the Senate, assuring them there would be future bills to deal with other issues.
Democrats' demands sparked a spirited response from McConnell, who implored them not to block "emergency aid you do not even oppose just because you want something more".
"Nobody thinks this will be the Senate's last word on COVID-19. We don't have to do everything right now," McConnell said. "Let's continue to work together, with speed and bipartisanship. We will get through this crisis together."
"One of the concerns that we have about the original $350 (billion) is that a lot of ... people who are under-banked are unserved on that basis," Pelosi told NPR on Wednesday. "So, they don't have banking relationships sophisticated in a way that others do."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
