Fed's Bostic: U.S. small business may need up to $500 billion monthly in support through crisis
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WASHINGTON (Reuters) - U.S. small businesses may need up to $500 billion a month to ensure their survival through the coronavirus crisis, the head of the Atlanta Federal Reserve Bank said on Thursday as Fed officials voiced concern over the speed and breadth of the country's fiscal response to an unprecedented economic slowdown.A cornerstone of the fiscal effort, the "Paycheck Protection Program" of $350 billion in loans to small business, is already out of money, and debate over expanding it..