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Top U.S. Senate Republican decries lack of progress on small business aid

WASHINGTON (Reuters) – The top Republican in the U.S. Senate on Thursday decried the lack of an agreement on a $250 billion emergency funding bill to help small businesses cope with the coronavirus outbreak.

Republicans and Democrats have been wrangling over the legislation since last week, when Democrats blocked a Republican measure to speed the assistance to businesses. Democrats, who back the spending, are holding out for a broader package that would also help hospitals, states and local communities, and the poor.

“Here’s where we are. A week later, with absolutely no progress. This morning, the program ran out of money and shut down just as I warned a week ago,” McConnell, the Senate majority leader, said on the floor of the chamber.

(Reporting by David Morgan; Editing by Chris Reese)

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