But in the final hours of negotiations, a new issue surfaced that was scuttling final agreement. The programs have kept credit flowing to medium-size businesses, state and local governments and corporations. Democrats charged that the language was a last-ditch effort to deprive Mr. Biden and his administration of critical tools to support the economic recovery. “We’ve got to be able to solve that,” Senator Richard J. Durbin of Illinois, the No. “I can’t believe all this effort and assistance to millions of Americans has come down to this obscure fund.

Source: New York Times December 19, 2020 00:45 UTC