Video Duration 02 minutes 33 seconds

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.