Senate passes $484B coronavirus relief package
By Jordain Carney - 04/21/20 05:08 PM EDT
he Senate on Tuesday approved roughly $484 billion in new coronavirus aid for small businesses and hospitals and more funding for testing, ending a lengthy battle over the size and contents of the package.
The agreement was passed by a voice vote after days of negotiations between congressional Democrats and Treasury Secretary Steven Mnuchin, with the talks lasting until approximately midnight on both Sunday and Monday.
The deal includes an additional $310 billion for the Paycheck Protection Program (PPP), including $60 billion specifically for community banks and smaller lenders, as well as $75 billion for hospitals, $25 billion for testing, and $60 billion for emergency disaster loans and grants, according to a summary obtained by The Hill.
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https://thehill.com/homenews/senate/493959-senate-passes-484b-coronavirus-relief-package
