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Senate re-ups payroll aid

by Harvest Prude
Posted 4/21/20, 06:19 pm

The U.S. Senate passed a bill on Tuesday to replenish funds for small businesses hit by the COVID-19 pandemic. The Paycheck Protection Program, part of the $2 trillion economic rescue package, ran out of money on Thursday. The measure passed with no objections on a voice vote of those present.

What made it into the deal? The legislation designates an extra $310 billion for forgivable small business loans to help companies pay employees. It also gives $75 billion to hospitals, $25 billion to coronavirus testing, and $60 billion to the Economic Injury Disaster Loan program. The House could vote on the bill as soon as Thursday.

Dig deeper: Listen to Nick Eicher and financial analyst David Bahnsen discuss the state of the economy, including small businesses, on The World and Everything in It.

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Harvest Prude

Harvest is a political reporter for WORLD's Washington Bureau. She is a World Journalism Institute and Patrick Henry College graduate. Harvest resides in Washington, D.C. Follow her on Twitter @HarvestPrude.

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  • My Two Cents
    Posted: Tue, 04/21/2020 09:46 pm

    I want to know why Chuck Schumer isn't wearing a mask.

  • OldMike
    Posted: Wed, 04/22/2020 05:49 pm

    I guess this should help prevent Dems from making such a big deal out of President Trump not wearing one.