The Democrats and President Donald Trump have reportedly reached a deal for the coronavirus relief bill, Tuesday.
According to Politico, which obtained “a summary of the deal,” the bill would deliver “nearly a half-trillion dollars to small businesses, hospitals, and for testing,” and “includes $321 billion for the depleted Paycheck Protection Program, of which $60 billion is set aside for underbanked businesses, a priority for Democrats.”
“The deal also includes $60 billion in loans and grants for economic disaster assistance, $75 billion for hospitals and $25 billion for coronavirus testing,” Politico reported, adding, “Of that testing money, $11 billion will go to states and some will also go to the federal government.”
The Senate will be in session at 4:00 p.m. Tuesday afternoon, at which time, leaders from both parties will seek a unanimous vote. During TV appearances earlier on Tuesday, both Senate Minority Leader Chuck Schumer (D-NY) and Senate Finance Chairman Chuck Grassley (R-IA) said they expected the package to pass.
This story is developing.
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