WASHINGTON: The U.S. House of Representatives will pass Congress' latest coronavirus aid bill on Thursday, House Speaker Nancy Pelosi said, paving ...
WASHINGTON: The U.S. House of Representatives will pass Congress' latest coronavirus aid bill on Thursday, House Speaker Nancy Pelosi said, paving the way for nearly US$500 billion more in economic relief amid the pandemic.
Pelosi, in an interview on MSNBC on Wednesday, said House lawmakers were ready to then move on to a fifth effort to continue tackling issues swelling from the outbreak that has crushed the nation's economy and battered its healthcare system.The bipartisan US$484-billion package, which passed the Republican-led U.S. Senate on Tuesday, includes an additional US$321 billion for a previously set up small business lending program that quickly saw its funds exhausted.
It also includes US$60 billion for a separate emergency disaster loan program - also for small businesses - and US$75 billion for hospitals and US$25 billion for national coronavirus testing. Pelosi said she hopes the newly provided funds will be able to flow to strapped employers and others as soon as possible after U.S. President Trump, who has backed the bill, signs it into law.She also said a subsequent fifth aid package should also include money to protect U.S. elections and the U.S. Postal Service.
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