As pandemic subsides, businesses push Congress for one more bailout

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The U.S. economy is surging back from Covid-19, but restaurants, hotels and other industries hit hardest by the pandemic are telling Congress they still need tens of billions of dollars in new government funds to stay afloat

Sens. Tammy Duckworth and Jerry Moran have proposed legislation that would authorize $30 billion for fitness facilities, which could receive grants of up to $25 million.

Chip Rogers, the president and CEO of the hotel trade group, said earlier versions of the proposal weren't 100 percent for employees and included more assistance for the operators themselves. But Rogers said the group decided it would have a much greater chance of success by joining with the union and focusing on workers.

"PPP was very helpful but the issue now is not so much relief but rebuilding," said John McClelland, vice president of government affairs for the American Rental Association, which represents the equipment and event rental industry. "How do we get these businesses back and prosperous sooner rather than later?"

The Federal Reserve on Wednesday signaled it could raise interest rates sooner than expected, indicating that the economy is rapidly expanding after the U.S. unemployment rate fell to 5.8 percent in May. Recent surveys by the National Federation of Independent Business found that small business optimism steadily increased for much of this year but paused in May as the labor shortage held back growth.

 

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No further business assistance unless there’s further stimulus checks!

I could use a few thousand myself. Just sayin’ 😐

The only way that the world economy comes back is by our leaders wanting to stop the Coronavirus & new strains by putting more research into improving more vaccines worldwide. They also have to quarantine to distribute them with more money in many companies.

我被脑控流氓迫害35年。亲人被车祸、被癌症、被中风,死亡8位,死状惨烈。亲人车祸骨折和重大疾病发生千百次。各种常人闻所未闻的黑科技酷刑和迫害。大小攻击达百万次。简直丧心病狂、惨无人道。 请全世界关注脑控受害者。因为这事关所有人的命运与自由。

Oh? Capitalism needs another Socialist hand out to survive?

No. At this point, if your business isn't busy, you should probably go out of business.

We are just starting to get back to normal and it will take a bit more time. The stimulus checks will need to gradually stop so people can go back to working again. If the government give more funds, the owners will also need to start paying their employees more money.

Yi won't get this from tight wad GQP and Moscow Mitch.

Mandate that no funds are distributed until we are 75% vaccinated. There are plenty of business owners and workers that refuse to vaccinate.

Get this straight. It wasn’t covid that shut these businesses down. It was wannabe petty DICTATOR TYRANTS test shut these businesses down. I am not convinced they saved one damn life but they damn sure destroyed millions of lives

No they don't. The ridiculous rates they charge. Pricing people away.

Cute, so do the American people, they can get in line lol

Nope... we call this capitalism... if there is no social nets for the people f the corporations that have been operating in the positive for decades. Next time manage your money better

let them eat ppp cakes

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