Bipartisan Deal Reached On $484 Billion More Coronavirus Aid

    0
    52

    Negotiators have reached an agreement to add roughly $484 billion in new funds to bolster the already-record-breaking coronavirus response legislation. The latest deal, negotiated between Treasury Secretary Steven Mnuchin and top leaders in Congress, includes $322 billion in additional money for a small business loan program that ran dry within two weeks . The legislation has been viewed by many in Congress as a stopgap measure to replenish a popular program, and send more help to those treating patients of the pandemic, as lawmakers assess broader fiscal needs. The latest agreement also includes $60 billion for small-business disaster loans and grants, $75 billion in emergency funding for hospitals and roughly $25 billion for testing, according to a summary obtained by NPR. Senate Majority Leader Mitch McConnell, R-Ky., praised the agreement, noting it includes more money for the loan program than Republicans originally requested. “This bipartisan agreement will provide more than $320

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here