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CEOs warn Congress of 'catastrophic' pandemic impact on small businesses without more federal aid
WASHINGTON - As Congress continues negotiating the next coronavirus relief bill, CEOs from some of America’s largest corporations have urged lawmakers to include additional, longer-term aid for small businesses to avoid disastrous economic fallout as a result of the pandemic.Executives from companies such as Walt Disney, Alphabet, Microsoft and Walmart were among the 100 leaders who signed the letter, organized by former Starbucks head Howard Schultz. Published Monday, the letter was addressed to congressional leaders and warned of the “catastrophic” impact ahead if Congress does not act.A file image dated July 16, 2020 shows an empty restaurant in Lower Alsace Township, Pennsylvania amid the coronavirus pandemic.