President Biden alerts Congress of impending Small Business Administration disaster loan program funds depletion, urging swift action before November elections.
President Biden has alerted Congress that the Small Business Administration's disaster loan program will run out of funds within weeks due to Hurricane Helene's aftermath. The program, crucial for supporting homeowners, renters, and businesses, needs an additional $1.6 billion to continue operating. With Congress in recess until November 12, Biden is urging swift action to replenish funding, as the disaster response has become a significant political issue ahead of the federal elections.
October 05, 2024
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