1. New Pressure on US Senate as Coronavirus Aid for Firms Hits Limit

    New Pressure on US Senate as Coronavirus Aid for Firms Hits Limit

    The United States Senate is struggling to break a deadlock over President Donald Trump's $250bn emergency request for a small-business programme, stoking uncertainty about when additional support will be available in a key rescue programme now exhausted of funds.

    A Senate session quickly adjourned without any progress, though staff aides to House and Senate Democrats and Treasury Secretary Steven Mnuchin convened another conference call, on legislation to shore up the Paycheck Protection Program and demands by Democrats for potential additions. The Small Business Administration announced Thursday it has reached its $349bn lending limit and is no longer accepting applications, and Trump immediately weighed in on Twitter to bash Democrats.

    "Democrats are blocking additional funding for the popular Paycheck Protection ...

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