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News in English (USA) / 16.10.2024 / 03:00

Small Business Administration Disaster Funds Depleted Following Hurricanes Helene and Milton

The Small Business Administration (SBA) has announced that its disaster loan program has run out of funding due to the impacts of Hurricanes Helene and Milton. President Biden has urged Congress to return and approve emergency funding to replenish the SBA funds and assist affected small businesses and communities. Meanwhile, House Speaker Mike Johnson has faced criticism for stating that hurricane relief can wait until Congress reconvenes. As pressure mounts from more than 80 organizations, Biden continues to highlight the urgent need for additional support for disaster relief efforts amidst ongoing discussions about the federal response to the recent hurricanes.
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