US loan programme for small businesses runs out of funds
Emergency loan programme to help small companies hit by coronavirus curbs reaches $349bn limit.
The US government says a $349bn emergency fund set up to keep small businesses afloat has run out of money and is no longer accepting new applications.
And now, Republicans and Democrats are in a fight to inject money into the lending programme.
Democrats say they will only agree if states and hospitals are given billions of dollars as well – a demand Republicans have rejected.
Al Jazeera’s Patty Culhane reports.
Published On 17 Apr 2020