POLITICO
Democrats press Biden to extend eviction ban
The last-minute debate about whether to renew the moratorium a fifth time comes as the U.S. faces growing uncertainty about the impact of a resurgence in Covid-19 cases.
A For Rent sign hangs on a closed shop during the coronavirus pandemic on July 13, 2020, in Miami Beach, Fla. | (Lynne Sladky/AP Photo)
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The White House is facing increasing pressure from Democrats in Congress to extend the federal eviction ban before it expires this weekend amid persistent bottlenecks in the distribution of rental aid.
House Financial Services Chair Maxine Waters (D-Calif.) said she is pushing the Biden administration to renew the moratorium beyond a Saturday deadline despite concerns that an extension would rest on shaky legal footing. A majority of Supreme Court justices signaled late last month that they believed the Centers for Disease Control and Prevention exceeded its authority when it imposed the ban.
POLITICO False hopes’: Small business rescue faces crunch just days after Congress extended it
The cash crunch is sneaking up on policymakers only days after Congress and the Biden administration agreed to give businesses another two months to apply for the loans.
President Joe Biden promised to support small businesses with more generous loan terms implemented last month. | Drew Angerer/Getty Images
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Washington s nearly $1 trillion small business rescue, now under the watch of President Joe Biden, is about to slam into a new obstacle it’s already running out of money.
The Small Business Administration is warning lawmakers that funds for the Paycheck Protection Program, which offers forgivable loans to small businesses, will likely dry up later this month, well before the May 31 deadline for firms to request aid. As of last week, it had about $66 billion remaining out of the nearly $292 billion appropriated by Congress since December.
Lawmakers introduce plan to extend PPP deadline to May 31 constructiondive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from constructiondive.com Daily Mail and Mail on Sunday newspapers.