Senate Majority Leader Mitch McConnell announced Tuesday that he plans to bring up a bill to fund the small business loan program next week.
He said the bill will include new funding for the popular small business Paycheck Protection Program.
“There is no excuse for Democrats to keep blocking job-saving funding for the Paycheck Protection Program while other conversations continue,” Mr. McConnell, Kentucky Republican, said in a statement. “Democrats have spent months blocking policies they do not even oppose. They say anything short of their multi-trillion-dollar wish list, jammed with non-COVID-related demands, is ‘piecemeal’ and not worth doing.”
“Republicans do not agree that nothing is better than something for working families,” he added.
With Republicans having only a narrow majority in the Senate, they’d need a handful of Democrats to join them in order to overcome another filibuster on this proposal.
The last time Senate Republicans brought up coronavirus relief
Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellMcConnell challenger dodges court packing question McGrath: McConnell ‘can’t get it done’ on COVID-19 relief On The Money: Trump faces unusual barrier to COVID-19 aid in GOP allies | Advocates plead for housing aid as eviction cliff looms MORE (R-Ky.) said Tuesday that the Senate will vote on a “targeted” coronavirus relief bill next week that will include more aid for small businesses hit hard by the fallout of the pandemic.
The Senate is out of town this week after an outbreak of the coronavirus among its members but will return to Washington, D.C., on Monday.
“When the full Senate returns on October 19th, our first order of business will be voting again on targeted relief for American workers, including new funding for the PPP,” McConnell said in a statement, referring to the Paycheck Protection Program.
A low-rise building in a trendy part of east London bears testament to the far-reaching impact of the coronavirus crisis on the UK’s smallest companies.
The building’s central atrium has a series of doors leading to its 98 offices and workshops, but many are locked and the blinds on windows pulled down.
It highlights how some workers will never return to Brickfields, the building in Hoxton owned by Workspace, a FTSE 250 property company. About 10 companies that were tenants have either left or are due to leave, while another eight have cut the amount of space they are using in the building.
However Brickfields is far from a ghost town: many companies in the building have so far survived the crisis because of emergency government support, and a few are thriving amid the pandemic.
Businesses have made good use of chancellor Rishi Sunak’s menu of assistance, led by the
(Bloomberg) — Business conditions in Dubai improved for the third straight month in September even as a renewed spike in coronavirus cases poses a threat to the city’s recovery.
Non-oil private sector activity in the Middle East’s business hub fared better amid a rise in activity and new business, according to IHS Markit. Its Purchasing Managers’ Index rose to 51.5 last month from 50.9 in August, remaining above the 50 mark that separates contraction from growth.
Employment declined at the slowest in seven months, as business expectations improved slightlyThe pace of new business was faster than in August and demand growth was at a 10-month highA sharp increase in new orders seen in the wholesale and retail sector; construction work experienced “a modest rise”The travel and tourism sector continued to decline, but at the slowest pace since FebruaryExpectations of
A spin class gym in the Canadian city of Hamilton, has been linked with an outbreak of 21 cases of Covid-19 with a further 100 people potentially exposed. The news was originally reported in the local press and cases have so far been found in one staff member and 20 patrons.
The outbreak comes amid months of speculation as to whether gyms and facilities hosting other inside fitness classes and events are high-risk during the pandemic.
Concerns seem to focus on two main aspects of gyms which may make them risky environments:
1) The number of high-touch surfaces, which may be used by multiple gym goers without effective sanitizing between uses, including weights, mats and machines. However, scientists generally now think that the risk of surface
In the frantic days of late March, as the coronavirus panic burst forth and cities and towns began to impose lockdown orders, MarketWatch spoke to four small-business owners from around the country.
All four were successful, and most were planning some form of expansion in what then seemed like a booming economy. Yet even as early as March, these owners had already tasted some of the new normal and pivoted to other business strategies.
Each knew the hard part still lay ahead.
In early October, we reached out again to to see how they’ve made it through. There have been more downs than ups over the past few months, but amazingly, all four owners expect their 2020 business to be not far off what they’d anticipated before the virus hit.
Each expressed a sense of being lucky, and of watching the disparate economic
Ministers are facing a backlash from leaders in the north of England over fresh coronavirus lockdowns, which they say risk “severe redundancies” and business closures in the run-up to Christmas.
Their comments come as Prime Minister Boris Johnson is set to outline a new three-tiered system of measures to MPs on Monday with plans expected to include the closure of pubs, restaurants and other hospitality venues.
Leaders from Greater Manchester, Tyneside, Sheffield and Liverpool have called for more cash to support areas placed under tougher restrictions, warning ministers they cannot lockdown the North “on the cheap”.
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Burnham: Govt measures will ‘widen North-South divide’
They said an expansion of the UK-wide Job Support Scheme, announced by Chancellor Rishi Sunak on Friday, does not go far enough.
Under the scheme, workers at businesses forced to close because of stricter lockdown measures will
Tesla has recovered from the coronavirus pandemic better than any other automaker.
Tesla just reported a record Q3 for vehicle deliveries, while most other automakers are managing sales downturns.
The auto market in the US has been mounting a stronger-than-expected recovery, but Big Auto is so big that a total production shutdown has exposed the core weakness of its massive manufacturing capacity.
Tesla, by contrast, is now operating at an ideal scale to reap the benefits of a demand rebound.
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The big question about Tesla has always been, “How would the company handle a major crisis?” The 17-year-old startup dodged bankruptcy during the financial crisis, but from about 2012 on, it grew rapidly. In 2020, its stock went on a tear, making it the most valuable automaker in the world by a wide margin, despite modest sales relative to giants such as Toyota,