Lawmakers consider additional funds for the Paycheck Protection Program

Officials are considering adding $250 billion to the small business program after the original $350 billion ran out in a matter of days.
2:23 | 04/19/20

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Transcript for Lawmakers consider additional funds for the Paycheck Protection Program
New to the economic fallout from the devastating outbreak. Some small businesses on the brink of closing door good after that pot of loan money already ran out. A second round of aid is held up in congress. Is there hope for a break in the stalemate? Here's ABC's Rachel Scott. Reporter: Tonight, with some small businesses across this country on the brink of closing their doors for good -- It's pretty tough. I feel like my hands are tied. I'm starting to accept that my business may not survive. Reporter: Lawmakers are now considering adding another $250 billion to refresh the paycheck protection program. After roughly $350 billion quickly ran out. The vital loan lifeline was cut off after being overwhelmed with requests. Suzanne darling telling Tom she had to close her two bars in New York City and was unable to get a loan. So, what have the last three weeks been like? I think they've been a roller coaster. It's been like devastating, then optimism, devastating, okay, devastating. Just not knowing, like, how weir we're going to come back. Reporter: So I asked the president, is this sufficient funding to help struggling businesses? If tens of billions of dollars went in a matter of days the first time, will this next relief package be enough? Certainly, it's going to get us to a point that's going to be rather beautiful. We think that will be the point. And it could be they want more, but maybe at a certain point we're going to stop. Reporter: Tonight George asking house speaker Nancy Pelosi about the negotiations. We're close. Again, we have common ground. The package was something that we worked together in a bipartisan way, springing from that and making it for effective and stronger so that more people are benefitting from it and protected by it. I think we're very close to agreement. Rachel Scott joins us now live from D.C. We have heard from so many small businesses desperate for relief. We heard the speaker right there. We want to mention George is going to have more with her tomorrow. But any more details about where the negotiations stand tonight? Reporter: Lawmakers are at odds over the scope of the legislation. But Republicans have signalled they are willing to compromise for one sticking point for Democrats -- adding funds for hospitals. The president telling me he is open to it. Tonight he's urging lawmakers to get this passed quickly. Tom? Rachel Scott tonight. Rachel, thank you.

This transcript has been automatically generated and may not be 100% accurate.

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