CORONAVIRUS HEADER NEW.png
CORONAVIRUS HEADER NEW.png

Actions

Trump says he's close to a deal with Congress on virus aid

Trump says he's close to a deal with Congress on virus aid
Posted at 3:33 AM, Apr 20, 2020
and last updated 2020-04-20 03:33:09-04

WASHINGTON (AP) — President Donald Trump says his administration and Congress are getting close to a deal on an aid package of up to $450 billion.

The money would boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing.

Treasury Secretary Steven Mnuchin has said he is hopeful of a deal that could pass Congress quickly and get the program back up by midweek.

The proposed deal would add roughly $300 billion for the government's Paycheck Protection Program.

An additional $50 billion would be appropriated for small-business disaster loans.