Pelosi proposes massive state bailout in next spending measure
by Susan Ferrechio
| April 24, 2020 01:25 PM
House Speaker Nancy Pelosi said Democrats will seek a massive federal cash infusion for struggling state and local governments that is equivalent to the nearly $700 billion Congress has pumped into struggling businesses that have shut down due to the coronavirus outbreak.
“There will be a bill, and it will be expensive,†the California Democrat told reporters Friday in the U.S. Capitol.
Pelosi told reporters the size of the state and local government bailout “is probably a number equivalent of what we’ve done for small businesses.â€
The House Thursday cleared a $484 billion measure that includes $310 billion for programs to help small businesses stay open. The measure is aimed at replenishing a small-business funding package signed into law on March 28 that allocated nearly $350 billion.
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