U.S. congressional leaders and the White House agreed on Tuesday on nearly $500 billion more in coronavirus relief for the U.S. economy, and President Donald Trump urged them to pass it quickly before beginning discussions on another.
The deal provides $321 billion for a small business lending program, $60 billion for a separate emergency disaster loan program also for small businesses, as well as $75 billion for hospitals and $25 billion for national coronavirus testing, a senior Republican congressional aide said.
Congressional leaders had said they were very close to an agreement on legislation to provide more money to help small businesses, after an initial $350 billion fund was quickly exhausted.Trump says he will discuss more coronavirus money for states after current bill passes Trump said he backed the legislation, and urged lawmakers to act quickly. He said talks would begin after its approval on more relief, including funds for state and local governments reeling from steep revenue losses due to the virus, and infrastructure spending that Democrats have been requesting throughout the crisis.
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