Biden officials, Republicans point fingers over exhausted disaster loans program ...Middle East

A blame game between the Biden administration and GOP lawmakers is underway after a key disaster loan program saw its funds run out in the middle of a destructive hurricane season. The Biden administration said the Small Business Administration (SBA) needs $2 billion in funding after its disaster loan account — which businesses and homeowners rely on for low-interest loans to recover from disasters — was exhausted in the aftermath of hurricanes Helene and Milton. But Republicans are ramping up scrutiny on the agency’s handling of the disaster dollars and pressing for more information around the circumstances surrounding the funding lapse. “The agency’s refusal to be transparen

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Biden officials, Republicans point fingers over exhausted disaster loans program ...Middle East

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