After nearly two weeks of partisan blame games, Republicans and Democrats in Congress announced a deal on Tuesday that would replenish the new loan program for small businesses struggling from the coronavirus pandemic.
Read more at: Congress Reaches Deal On New Coronavirus Small Business Loan Package | HuffPost
On top of $310 billion for small business loans, the tentative agreement would also provide $75 billion for hospitals, $60 billion for economic disaster loans, and $25 billion to expand coronavirus testing. Despite President Donald Trump’s claim that “anybody that wants a test can get a test,” the United States has continually lagged behind other countries in testing.
Democrats had insisted on getting more than just a replenishment of money for small businesses in this round of coronavirus relief, which lawmakers are calling “Phase 3.5.” The hospital funding, increased money for testing, and economic disaster loans were all important Democratic priorities.
Read more at: Congress Reaches Deal On New Coronavirus Small Business Loan Package | HuffPost
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