Daily Archives: Apr 19, 2020

    (Reuters) – U.S. restaurants are on track to lose $50 billion in April, with losses mounting to an estimated $240 billion by the end of 2020, as the coronvirus crisis ravages the industry, according to a National Restaurant Association survey released on Monday.

    Two thirds of U.S. restaurant workers – or 8 million people – have been laid off or furloughed as 4 in 10 restaurants are closed, but at least 60% of operators say existing federal relief programs will not help them prevent more layoffs, the survey found.

    Reporting by Hilary Russ; Editing by Chizu Nomiyama

      WASHINGTON (Reuters) – U.S. Democrats and Republicans were near agreement on Monday for extra money to help small businesses hurt by the coronavirus pandemic, a top Republican lawmaker said, but he accused Democrats of holding up a deal.

      “We could have been done yesterday, but the Democrats continue to hold up, even though we had agreed to all the numbers,” Representative Kevin McCarthy, House minority leader, told Fox News.

      President Donald Trump said on Sunday that Republicans were “close” to an agreement with Democrats, who have the majority int he House, and suggested there could be a resolution on Monday.

      “A lot of good work has been going on. We could have an answer tomorrow,” the Republican president said

      Members of the two parties have been taking shots at one another over the delay in further small-business aid, as Trump supporters have been staging protests of orders for Americans to stay at home and businesses to remain closed, to prevent the further spread of the virus.

      The Trump administration sought to add $250 billion to a small-business loan program established last month as part of a $2.3 trillion coronavirus economic relief plan. That fund has already been exhausted.

      Democratic leaders wanted more money for small businesses but with safeguards to ensure credit reaches underserved communities. They also sought more funds for state and local governments and hospitals, as well as food aid for the poor.

      Reporting by Doina Chiacu; Editing by Lisa Lambert and David Gregorio

       

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