President Joe Biden warned that small business disaster loan funding "could run out in a matter of weeks." In a letter to Congress on Friday he cautioned that the available funding could run out if Congress does not approve additional federal funds.

The Small Business Administration could run out of money to fund disaster loans in the wake of Hurricane Helene’s devastation.

With the Southeast still recovering from Hurricane Helene, President Biden has called on Congress to fund a small business disaster loan program. But lawmakers are on recess until after Election Day.