US Congress approves extension of small business Paycheck Protection Program

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The U.S. Senate on Thursday voted to extend the COVID-19 pandemic Paycheck Protection Program (PPP) until the end of May, giving small businesses ...

WASHINGTON: The US Senate on Thursday voted to extend the COVID-19 pandemic Paycheck Protection Program until the end of May, giving small businesses more time to apply and the government more time to process requests.

Biden told a news conference he hoped for a significant turnaround in the U.S. economy, saying forecasters expected vibrant growth as a growing number of people get vaccinated against COVID-19, which has killed more than 545,000 Americans. "We are reaching the most needy," Cardin said in a speech on the Senate floor on Wednesday urging passage of the extension.

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