April 22, 2020 Comments Off on Senate Approves $484B Relief Package for Businesses, Hospitals Views: 672 National News, Top National

Senate Approves $484B Relief Package for Businesses, Hospitals

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The U.S. Senate on Tuesday unanimously approved $484 billion in additional coronavirus relief for the U.S. economy and hospitals treating COVID-19 patients. The measure has been sent to the House of Representatives for final passage later this week.

The House is expected to vote on Thursday on what would be the fourth coronavirus-response law, Reuters reported. Taken together, the four measures amount to about $3 trillion in aid since last month to confront a crisis that has killed more than 45,000 Americans.

Previously, Washington provided nearly $350 billion in loans to small businesses impacted by COVID-19. The funding was quickly exhausted. The latest package includes $125 billion in funds to be directed toward “mom and pop” and minority-owned stores.

Congress already is working on a fifth coronavirus-response bill, reported Reuters. Sen. Charles Schumer said it could be “similar in size” to the $2.3-trillion economic stimulus enacted on March 27.

Read more at Reuters

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