Businesses Are Dying In The Wake Of No Stimulus


The White House and Capitol Hill are no closer to terms on a new relief plan.

Even if a deal is reached, it's too late to save as many as 100,000 small businesses that have been forced to close while waiting for help.

Local news outlets are filled with stories of businesses going under for good, with the specter of restrictions and no sign of federal aid to help carry them over.

And the government isn't moving. There's little dispute that aid is needed, the White House and Democratic and Republican leaders are far from an agreement. Key parts of the last stimulus expired more than three months ago, but each side is still holding out for what it hopes will be a better deal.

The Democratic-led House in May passed the HEROES Act, a $3 trillion relief bill that Senate Majority Leader Mitch McConnell, R-Ky., refused to take up. McConnell pushed for a $500 billion bill, which Democrats said was far too narrow. House Speaker Nancy Pelosi, and Treasury Secretary Steven Mnuchin, have failed to reach a deal in the $1.8 trillion range.

McConnell, has said that he would try again to pass a more limited relief bill that included support for small businesses but that he wouldn't accept the "absurd multitrillion-dollar socialist wish lists Democrats have demanded."

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