The new deal will include $50 billion for disaster loans, $75 billion for hospitals and $25 billion for a federal testing program. Money for state and local governments will not be included in the package, Mnchunin said.
The $349 billion rescue loan program ran out of money on Thursday, just two weeks after it was launched. Republican and Democratic leaders have been struggling to agree on how to restore its funds as a slew of small American businesses are at risk of shutting down from the financial hit of the coronavirus pandemic.
The new deal will include $50 billion for disaster loans, $75 billion for hospitals and $25 billion for a federal testing program. Money for state and local governments will not be included in the package, Mnchunin said. Speaker of the House Nancy Pelosi talks with reporters as she arrives at the U.S. Capitol on March 27, 2020 in Washington, DC.House Speaker Nancy Pelosi said on Sunday morning that officials are "very close" to an agreement to replenish the small business fund and Senate Minority Leader Chuck Schumer said that they could strike a deal on Sunday evening or Monday morning.
Business loans?
schwartzbCNBC This is ridiculous
Forget the trillion dollar relief package and just let businesses open. Tell the vulnerable to stay home
Let’s try and not let Universities with multi billion dollar endowments, hedge funds, and banks favorite clients take the money this time... just a thought. SpeakerPelosi .realDonaldTrump
The stock market invests highly in businesses with good balance sheets. If only 10% of small businesses are getting the loans, why does the government invest in companies with bad balance sheets?
This is bs People still haven't got their first check & now they wanna issue a second round of checks fir businesses this is absurb complete bs !
Forgot all this why bother just have no payroll taxes for the next 2 years
Second round.... only big business got paid in the 1st round the next round should actually go to small businesses...
Wheres my check?
Trump DonaldTrump realDonaldTrump stevenmnuchin1 r giving 2 trillion dollars economic stimulus package for American economy nsitharaman ianuragthakur DasShaktikanta narendramodi sgurumurthy r sucking blood of poor people of India in the name of sabka saath sabka vikas
ONLY IF: USPS is fully funded. 100% oversight on the complete program. Monies for citizens. Small business of only 100 employees. SpeakerPelosi
Here it come another’s injection of steroids. Although aren’t steroids consumers usually ending up with cancer? Artificially pumped markets at their best!
The Monday pump begins .....
stevenmnuchin1 please continue doing the real work and thank you for your continued efforts. I used to tolerate your boss, until I saw more of his true colors from the horses mouth. Mr. Secretary, please continue to serve this Great Nation. Thank you!
SpeakerPelosi put your damn spoon in the sink & ice cream in the fridge a get it done!
Another great opportunity to line the pockets of their friends and donors. Hopefully they can stuff more money for Ivy League schools and large corporations in there.
More fraud
USTreasury TG for Sec Mnuchin. Dems are a pile of sh*t.
SAID PUTTING TRUMPS NAME ON CHECKS WAS HIS IDEA!! NOT FOR A MINUTE BELIEVE THAT. WATCH HOW HE SWALLOWED WHEN HE SAID THAT. That’s what people do when they lie. WE KNOW THAT TRUMP ORDERED THIS. POLITICAL MOVE!!!! WANTS PEOPLE TO BELIEVE HE ALONE GAVE OUT MONEY!!!
What abt a 2nd round of checks for the American ppl? The average Americans still have bills to pay so we can survive also. Without us businesses can not survive.
Reelection president realDonaldTrump 2020 Mike_Pence IvankaTrump SpeakerPelosi marcorubio StevenTDennis stevenmnuchin1 LeaderHoyer RepDMP RepEspaillat RepMullin ChuckGrassley SenSchumer LindseyGrahamSC RepDean SecPompeo SenTedCruz UniNoticias CNN cnni CNNEE
Deal? Why does there have to be a deal?
Phase 2 trade deal with China ? I am confused with all these phases ...
Here we go again. Bailout after bailout. Deal after deal. After this there will be something else to prop the markets up. I bet it will be something from the Fed.
Why does there have to be a deal all the time? They are supposed to be working for us..... the people. Remember in November. I’ll await full judgement to see what was added on but RememberInNovember
Gotta chop it up into three parts so you can have three pumps.
They’d better be closer than ‘very close.’
More sugar for the markets.
Everything she does is one week too late so she can get publicity
Start the Monday pump. Every day must be pumped or house of cards could collapse. GL pumping for the next 2 years.
Where is the 1200$ money for May?
realDonaldTrump move to liberate states is a preview of what the post Election2020 will be like if he loses. He will claim corrupt voting and ask supporters to rise up. WAKE UP - THIS IS THE NEXT REAL PANDEMIC
He need inflate market for You Friends , whonis your friend? Jo Morgan
Let do this! Help!