Senate near deal for $475 billion relief package for small business, hospitals, testing

Sen. Chuck Schumer said Tuesday he believes the Senate will pass an additional relief bill for small businesses later in the day.

Senate Minority Leader Chuck Schumer speaks at a press conference at Corona Plaza in Queens on April 14, 2020 in New York City.Senate Republicans and Democrats are closing in on a roughly $475 billion coronavirus relief package for small businesses, hospitals and testing, people familiar with the matter tell CNBC.

Another roughly $60 billion would go to the Economic Injury Disaster Loan program, $10 billion of which would be in the form of grants. The program, which is separate from the PPP, quickly went through the $10 billion originally allotted to it as part of the first small business plan. $310 billion total for PPP, with $250 billion unrestricted and $60 billion set aside for smaller institutions$25 billion for testing, $11 billion of which will be distributed to statesSenate Minority Leader Chuck Schumer said Tuesday morning that he believes the Senate will pass an additional relief bill for small businesses later in the day.

"Staff were up all night, writing. There's still a few more I's to dot and T's to cross, but we have a deal. And I believe we'll pass it today," Schumer said.

Many days too late for so many legitimate small businesses. The dollars short matter little now for countless mom-and-pop shops that will shutter.

FACT CHECK: Chuckles and his Drunken Grandma both LIE and EXAGGERATE. Poor Chuckles- like Biden he can't get anything right to come out of his mouth- not real bright?

Hope they put in some money for Fannie and Freddie

Tell him to ask for money back from Kennedy Center, PBS, Harvard, etc, etc. No more pork 🐷.

Any American who files another tax return is a fool if they support this level of spending Why not just direct deposit $100k into everyone’s account - make us all “rich” Why isn’t CNBC reporting on the level of stupidity in congress?

Tell me why Roberts and others at Fox and White House have been vaccinated. There is a vaccine and we are not being told

Let's hope actual SMALL businesses receive funding this time. I have my doubts.

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Schumer says he believes Senate will pass small business bill Tuesday, with 'agreement on just about every issue'Schumer said he spoke 'well past midnight' with House Speaker Nancy Pelosi, White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin, and that they 'came to an agreement on just about every issue.' finally! Sure as hell hope SenSchumer, SpeakerPelosi, HouseDemocrats and SenateDems have all the bases covered on this next PPP funding. Now that everyone knows there's cronyism going on D's will pay as heavy a price ad R's if oversight is not strong.
Source: CNBC - 🏆 12. / 72 Read more »