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Small Business Admin Runs Out Of COVID Loan Money, Needs Congress To Act

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The U.S. Small Business Administration is no longer able to accept new applications for the coronavirus emergency loan program after hitting its $349 billion limit Thursday, according to their website. The advance provides businesses with up to $10,000 that doesn’t need to be paid back and is provided for them to stay afloat in the coronavirus pandemic.

“BA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding,” the SBA notice stated.

The SBA reports that the number of applications received in the last 14 days is more than 14 years of loan applications. Their statement continued, “Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.”

On March 27, the CARES Act budgeted $376 billion to American businesses and workers. In a joint statement released Wednesday, Treasury Secretary Steve Mnuchin and SBA Administrator Jovita Carranza urged “Congress to appropriate additional funds for the Paycheck Protection Program—a critical and overwhelmingly bipartisan program—at which point we will once again be able to process loan applications, issue loan numbers, and protect millions more paychecks.”

They added, “The high demand we have seen underscores the need for hardworking Americans to have access to relief as soon as possible. We want every eligible small business to participate and get the resources they need.”

U.S. lawmakers remain in a stalemate over appropriating additional funding. In an effort to bridge the partisan gap, Mnuchin is reportedly working with Democrats who voted against the GOP’s $250 billion bill in the Senate last week. The Senate, however, isn’t scheduled to be back in session until April 20, but may be forced to call an emergency session to provide needed funding.

In a letter sent to Republicans last week, House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer asked for additional funding of hospitals, personal protective equipment (PPE), and the food stamps program to be included in the next bill.

House Minority Leader Kevin McCarthy, R-CA, said Thursday on Twitter that the failure to get additional funding “is on you, Chuck Schumer and Nancy.”

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Economy

Illegal migrants refuse to leave Denver encampments, make demands of city including ‘fresh, culturally appropriate’ food and free lawyers

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A group of illegal immigrants in Denver is not only refusing to leave encampments, but also have the audacity to take no actions until the city meets its demands. The migrants were organized enough to publish a document with 13 specific demands before they “acquiesce to Denver Human Services’ request to leave the encampments and move to more permanent shelters funded by the city” reports Fox News.

Demands were made following the Denver government obtaining a petition to have the migrants moved, according to the outlet. The Denver mayor has been under pressure from the city’s ongoing migrant crisis, making headlines and receiving stiff backlash earlier this year for proposing budget cuts to the city’s government, including cuts to the city’s police force, to fund more money for dealing with the city’s migrant crisis.

The list of demands was sent to Mayor Mike Johnston and included requests for provisions of “fresh, culturally appropriate” food, no time limits on showers and free immigration lawyers, the outlet reported. Further details of the demands read, “Migrants will cook their own food with fresh, culturally appropriate ingredients provided by the City instead of premade meals – rice, chicken, flour, oil, butter, tomatoes, onions, etc… Shower access will be available without time limits & can be accessed whenever… Medical professional visits will happen regularly & referrals/connections for specialty care will be made as needed.”

The migrants also insisted they get “connection to employment support, including work permit applications for those who qualify,” as well as “Consultations for each person/family with a free immigration lawyer.” The migrants insisted that if these are not met, they will not leave their tent community.

“At the end of the day, what we do not want is families on the streets of Denver,” Jon Ewing, a spokesman for Denver Human Services, told Fox 31.

The current encampment is situated “near train tracks and under a bridge,” Fox 31 noted, adding that it has been there for the last couple of weeks.

Ewing told Fox 31 the city just wants “to get families to leave that camp and come inside,” noting its offer will give migrants “three square meals a day” and the freedom to cook.

He also said the government is willing to work with people to compromise and help them figure out what kind of assistance they qualify for.

Ultimately, Ewing said, the city wants to work with migrants to determine, “What might be something that is a feasible path for you to success that is not staying on the streets of Denver?”

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