Congress and the White House reached a deal yesterday to inject an additional $484 billion into coronavirus relief efforts. Read what's in the bill here ⬇️
its earlier $349 billion cap. This includes $60 billion to be specifically set aside for small lenders.for coronavirus testing, a point of contention for the administration.
The Senate passed the bill unanimously, by a voice vote, on Tuesday. The House is expected to vote on the package on Thursday. The inclusion of funding for testing is a win for congressional Democrats, who had blocked an earlier version of the bill for not including funds for that, or for hospitals and states. Republicans were, however, successful in delaying discussions of money for state and local governments, which Democrats had hoped to include.
President Trump on Tuesday tweeted his support for the bill and said that he expects to begin discussions on state support during the next wave of relief funding. The additional cash infusion adds to an already-historic rescue package meant to cushion the blow of the economy-crushing pandemic. An earlier $2 trillion measure, known as the CARES Act, included cash payments for individuals, as well as funds for small businesses, corporations and public health.
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