much. griff: thank you very much. let me just speak up there because i ll likely be covering this for you guys on fox & friends this week. it is going to be an incredible sight because as larry kudlow said, this is going to run out by the end of the week. they ve already spent 168 billion and put out 661,000 loans but it s coming at a moment when many of the small businesses across the country are still trying to make this incredibly difficult decision of what to do going forward, and if there is any hint that their leaders in washington are putting politics ahead of their well-being, it is going to be unbelievably distasteful to say the least. pete: well said as most businesses are still waiting for those loan, billions are approved to go out but the actual transfer a lot of companies still waiting and listen it was a big project done very quickly, there s faith that it will happen but it s still happening but so those are at the back of the loan, where the money is going to run out.
talk about this because negotiations are underway on capitol hill, for a new relief package for struggling families and businesses. this as democrats officially propose a 9/11-style commission to investigate the white house s coronavirus response. garrett tenney joins us live with the details. good morning, garrett. reporter: jillian, good morning to you. negotiations are continuing this weekend over additional funding to help small businesses impacted by this outbreak and that funding will be crucial for a lot of these businesses, because the administration says it is predicting the $350 billion that was already approved for the payroll protection program is going to run out by the end of this next week. $168 billion have been approved this government guarantee as long as you keep your payroll intact you ll be forgiven for the loan. those are enormous numbers, that s one reason why the bay our estimates are we re going to run out of money for the small business thing, april 17.
anything that s going to violate america s constitutional right. bret: a few more quick things, the congressional budget just came out, the deficit has topped a trillion dollars in the first 11 months of fiscal year 2019, that s 168 billion more than last time this time. october 1st is the new fiscal year. has the republican party lost all of its fiscal concern about deficit and debt? we are very concerned about it. i think it s a huge issue. there are two huge issues really that face this nation, one is the national security set of thoughts and one is the data. and i think in order for us to deal with the debt we have to recognize 72%, 73% of the spending every year is mandatory spending. it s on autopilot and because of this thing called the budget control act, which is misnamed, democrats demanded increased domestic spending whatever we want to do anything like the president has done and committed to do, increased defense spending. i think we need to appeal that anything we need
. laura: according to forbes there are more than 44 million borrowers who oh a collective 1.5 trillion in student loan debt and that means instead of working to ease the burden of that growing debt, what are we doing? law makers in new york just approved a program that allows undocumented immigrants access to financial aid of over $5,000 a year. so how do current students saddled with loans feel about this? joining us julia boudreaux, she has committed the next eight years to service to our country to pay back here loan. and mickey cones is an advocate for this bill and new york city advocate. mickey how is this fair? well, the entire budget of new york state is $168 billion.
new york state is $168 billion. dreamers contribute $115 million to state and local economies, and this bill will only cost $27 million. for this is, and investment. these are people who pay taxes, contribute to the economy, some of them are citizens, they are dreamers, children of undocumented people in new york, who been paying taxes, and deserved the same privileges and rights that we have just by being in the right area, born in the right area. now ultimately laura: i have a question. hold on, hold on, hold on. take a breath. should people in other countries who want to come here and are good people, should they also why should they be excluded from the $5,000 benefit, if they are good people and they have done pretty well in school? they are not excluded. if people come from other countries laura: they could get the benefit, too. they can fail for financial aid in different forms. this is for dreamers, children of undocumented people, who were