Disaster loan program depleted as Congress remains absent

Disaster loan program depleted as Congress remains absent

The nation’s loan program for disaster survivors has fully depleted its funding, the Biden administration announced Tuesday. And lawmakers, who are the only ones who can approve more funding, are scheduled to be out until after Election Day. Without congressional action, the Small Business Administration can’t make new loan offers to people trying to rebuild … Read more

GOP Reveals Urgent Legislation to Support Depleted Disaster Loan Program

GOP Reveals Urgent Legislation to Support Depleted Disaster Loan Program

Senate Republicans released legislation this week that aims to replenish funds for a key federal program that provides disaster loans to business and homeowners. Sen. Thom Tillis (R-N.C.) led Sens. Ted Budd (R-N.C.), Tim Scott (R-S.C.), Bill Cassidy (R-La.), and Rick Scott (R-Fla.) in rolling out the bill on Tuesday. They’re pushing for passage of … Read more