Bipartisan deal reached on funding virus-hit small businesses
Washington - US lawmakers and the White House have reached bipartisan agreement on a $480 billion emergency package that replenishes a depleted program to help small businesses devastated by the coronavirus crisis, the Senate's top Republican said Tuesday.It would be the government's latest massive cash injection to prop up the teetering economy amid struggles to contain a pandemic that has killed 43,000 Americans and left millions jobless.
"I urge the Senate and House to pass the Paycheck Protection Program and Health Care Enhancement Act with additional funding for PPP, Hospitals, and Testing," Trump tweeted. The measure would then go to the House of Representatives, where leaders said a vote could occur Thursday. It would then head to Trump's desk for his signature.
Schumer said considerable PPP money will be reserved for minority-run small businesses and those without access to large financial institutions.
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