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