President Joe Biden urged Congress on Friday to expedite funding for the Small Business Administration’s (SBA) disaster loan program, warning that it will run out of money within weeks amid ongoing recovery efforts in the aftermath of Hurricane Helene.
In a letter to Congress on Oct. 4, Biden warned that the SBA’s disaster loan program will run out of funding “in a matter of weeks and well before the Congress is planning to reconvene.”
“I warned the Congress of this potential shortfall even before Hurricane Helene landed on America’s shores,” the president stated, adding that he had requested more funding for SBA “multiple times” in the past months….