President Donald Trump on Saturday said that he will 'immediately' seek more funding from Congress if the employee retention programs included in the $2 trillion coronavirus relief bill run out of money.
President Donald Trump on Saturday said that he will "immediately" seek more funding from Congress if the employee retention programs included in the $2 trillion coronavirus relief bill run out of money.
The legislation signed late last month allocated $350 billion for a loan program for businesses with fewer than 500 employees. Businesses can apply to have the portion of the up-to-$10 million loans used on payroll forgiven. "This is money that's really going directly to the people who need it, the small businesses who need it, and the workers that need it," Trump said during a White House briefing on COVID-19. "When we open, we want to open strong with businesses that are going."
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