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Lawmakers fail to help main street

Chuck Schumer (Credit: Bisnow/Ethan Rothstein)

Lawmakers again fell short of an agreement on the next round of coronavirus emergency aid Thursday, as the $350 billion loan program for small businesses ran out of money, according to the WSJ.

  • State of play: Republicans want to approve $250 billion more for the small-business loans, meant to support worker paychecks, before moving on to other aid and stimulus proposals. Democrats want to make changes to the small-business program and include money for hospitals, state and local governments, and food assistance to recipients alongside it.
  • Why it matters: The Labor Department reported that another 5.2 million Americans filed for unemployment benefits last week, bringing the total in a month of coronavirus-related shutdowns to 22 million.

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