Kudlow: ‘We’re Going To Be out of Money for the Small Business Assistance Plan’

‘We will be out of money for the small business assistance plan so we asked Congress to please put partisanship aside and let’s get that additional money’

EXCERPT:

KUDLOW: “First of all, in two weeks, in two weeks we have executed an unbelievably large, largest rescue plan in American history. I just had some up-to-date numbers. In terms of the small business assistance, the Payroll Protection Plan, this is from the Treasury Department, we have approved over one million loans. This is in two weeks or slightly less. $250 billion now has been approved. And the money is, in fact, flowing. Indeed, I want to say this, Stuart, we have requested an extra $250 billion on top of the original $350. At the present run rate, we're going to be out of money for the small business assistance plan so we asked Congress to please put partisanship aside and let’s get that additional money. The other point I want to make is checks are going out, the economic impact assistance plan, direct treasury checks from the IRS, will be in almost $150 billion by tomorrow, I am told and the total package, I mean, this is such an extraordinary number, we have provided assistance to roughly 175 million Americans. It’s an extraordinary number. Predominantly middle class folks, main street folks, blue collar folks and the like. Nothing like this has ever been done before.”

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