The coronavirus bill the House is considering would replenish a small business loan program, send aid to hospitals and fund a testing expansion.
said Tuesday he would rather let states declare bankruptcy than send them more federal aid.
The first is on whether to set up a select subcommittee on the coronavirus crisis. The panel would oversee the Trump administration's response to the pandemic, and specifically how it uses a $500 billion pool of money for corporations, states and municipalities created as part of the $2 trillion rescue plan last month.
For now, the chamber plans to carry out votes in small groups to reduce infection risks, which means the voting process will take longer. Lawmakers will go to the floor in 10-minute blocks Thursday in groups based on alphabetical order.
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Senate strikes deal on $484 billion relief package for small business, hospitals, testing“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.”
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Senate OKs Bipartisan Deal For $484 Billion More In Coronavirus AidCongress has reached an agreement to add roughly $484 billion to coronavirus relief aid — including $322 billion to the small business loan program that ran dry within two weeks.
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Senate passes $484 billion coronavirus deal after weeks of deadlockMnuchin said the intent of the small business relief program 'was not for big public companies that have access to capital.' He added, 'there's now a lot of money in the program and we look forward to all these small businesses getting access to funding'
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Live updates: Senate passes $484 billion coronavirus aid package; Chloroquine linked to higher death rate, study saysThe Senate passed a $484 billion bill to replenish a coronavirus small business loan program and boost spending for hospitals and testing.
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Senate Passes $484 Billion Interim Relief Package. Here’s What’s In It—And What’s MissingThe bill will replenish funds for emergency small business lending programs and hospitals. It also shores up funding for national coronavirus testing.
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