Multiple sources are reporting that the Paycheck Protection Program (PPP) meant to help small businesses keep employees on payroll is out of funds.
The initial $349 billion pool for emergency loans for small businesses derailed by the coronavirus pandemic has run dry as Republicans and Democrats squabble over how to replenish the relief program.
House Speaker Nancy Pelosi (D-CA) has blocked all efforts by Republicans to fund the program.
Democrats are blocking additional funding for the popular Paycheck Protection Program. They are killing American small businesses. Stop playing politics Dems! Support Refilling PPP NOW – it is out of funds!— Donald J. Trump (@realDonaldTrump) April 16, 2020