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Senate strikes deal on $484 billion relief package for small business, hospitals, testing

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“Gigantic programs like this, put together quickly, are always going to have glitches,” NEC Director Larry Kudlow said about the small business relief program. “In the main, I think the process has worked very, very well.”

Senate Republicans and Democrats reached a deal Tuesday on a $484 billion coronavirus relief package for small businesses, hospitals and testing.

The deal would allocate $310 billion more into the Paycheck Protection Program, which provides forgivable loans for small businesses. $60 billion of that would be set aside for small institutions, according to a bill summary released by his office. Half of the $60 billion would go to lenders with assets of less than $10 billion, and half would go to those with assets between $10 billion and $50 billion.

US Senate Majority Leader Mitch McConnell, Republican of Kentucky, speaks to reporters after leaving the Senate floor following a failed attempt to add an additional $250 billion to small business coronavirus relief funds, at the US Capitol in Washington, DC, April 9, 2020.The bill grants $75 billion for hospitals and $25 billion for coronavirus testing. Out of the testing funding, $11 billion would go to states, people familiar with the deal said.

Senate 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.

 

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Funny how Republicans pointed criticism as Obamacare rolled out & had digital glitches.

Lying POS

The Blutarsky of the current administration

RACIST！！

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Senate reaches deal on more funding for small business loans, Schumer saysCongressional leaders reached an agreement with the White House to provide more money for small business loans, hospitals and COVID-19 testing. How the FUK does $250 Billion become $460 Billion a week later?
Källa: latimes - 🏆 11. / 82 Läs mer »