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Al Jazeera
Al Jazeera
Business
Patty Culhane

US loan programme for small businesses runs out of funds

US loan programme for small businesses runs out of funds

The US government says a $349bn emergency fund set up to keep small businesses afloat has run out of money and is no longer accepting new applications.

And now, Republicans and Democrats are in a fight to inject money into the lending programme.

Democrats say they will only agree if states and hospitals are given billions of dollars as well - a demand Republicans have rejected.

Al Jazeera's Patty Culhane reports.

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