- Small business owners are facing significant financial challenges due to a government shutdown, with losses reaching into the billions.
- Economic disruption is compounded as approximately 320 small businesses each day are reportedly losing access to crucial funding and resources.
- Industry leaders and a coalition representing small businesses have communicated their concerns to U.S. senators about the severe impact on the sector.
- These leaders are strongly urging Congress to provide relief through a “clean Continuing Resolution (CR)” to address the immediate financial distress.
- The call for a “clean CR” highlights the need for a resolution without additional policy measures that could delay the process.
- The situation underscores the vulnerability of small businesses to government fiscal policies and the critical importance of timely legislative action.
Source: https://www.foxnews.com/politics/shutdown-crushes-small-business-owners-losses-hit-billions-industry-leaders-beg-congress-clean-cr)
