White House and Democrats Near Deal on Aid for Small Businesses
WASHINGTON — The White House and congressional Democrats on Sunday closed in on an agreement for a $450 billion economic relief package to replenish a depleted emergency fund for small businesses and to expand coronavirus testing around the country, with votes on the measure possible early this week.
Treasury Secretary Steven Mnuchin described the broad outlines of the package in an appearance on CNN on Sunday. The agreement would include $300 billion to replenish the emergency fund, called the Paycheck Protection Program; $50 billion for the Small Business Administration’s disaster relief fund; $75 billion for hospitals and $25 billion for testing.
Speaker Nancy Pelosi and Senator Chuck Schumer, Democrat of New York and the minority leader, said in separate television appearances Sunday morning that a deal appeared to be in the offing.
“We’ve made very good progress, and I’m very …continued .
[Source: New York Times]