Senate Democrats blocked Majority Leader Mitch McConnell’s attempt to quickly pass a $250 billion boost in aid to small businesses suffering revenue losses in the pandemic, likely delaying any action until leaders of both parties find a compromise.
McConnell had sought unanimous consent in the Senate Thursday for the small business aid requested by Treasury Secretary Steven Mnuchin. Monday may be the next chance to quickly approve more aid without objection, and lawmakers aren’t scheduled to return to Washington until the week of April 20.
“We need more funding and we need it fast,” McConnell said on the Senate floor. “The country cannot afford unnecessary wrangling or political maneuvering.”
Democratic Senator Ben Cardin, a co-sponsor of the small business Paycheck Protection Program, objected to the majority leader’s proposal, calling it “a political stunt.” Cardin said the PPP hasn’t run out of money but other programs have, and he said the PPP process needs to be streamlined to make it easier for small businesses to get loans.
Democratic Leader Chuck Schumer and House Speaker Nancy Pelosi are seeking to double the GOP’s $250 billion aid request for the slumping economy, including more federal aid for state and local governments and added funding for hospitals struggling to treat a crush of coronavirus patients.
As part of his plea for urgency, McConnell cited Thursday’s report that showed an additional 6.6 million people filed for unemployment benefits last week. That brings the three-week total to 16.8 million claims, or one in 10 American workers.
Mnuchin had asked Congress to approve by the end of the week an additional $250 billion for the program, bringing the total amount available to $600 billion. The only way to accomplish that with lawmakers out of town would be if no member of the House or Senate objected.
There have been no negotiations between Republican and Democratic leaders on a compromise, and Pelosi has signaled she had no intention of bringing McConnell’s proposal to the House.