Mnuchin said the intent of the small business relief program 'was not for big public companies that have access to capital.' He added, 'there's now a lot of money in the program and we look forward to all these small businesses getting access to funding'
After two weeks of stalemate and days of frenetic negotiations, the Senate approved a nearly $500 billionThe agreement centers around providing $380 billion for small businesses and also includes $75 billion for hospitals and $25 billion for diseaseafter a brutal conflict between party leaders over how to pass a massive bill with the Senate in recess.
"I am just sorry that it took my colleagues in Democratic leadership 12 days to accept the inevitable," McConnell said. "The American people are counting on Congress to put aside reflexive partisanship and work across the aisle to help our nation through this pandemic.” “Leader McConnell tried to steamroll us,” Schumer said in a press conference after the vote. He and other Democrats have accused McConnell of trying to unilaterally bypass them on the small business legislation while ignoring their demandsThe legislation totals $484 billion and delivers funding to small businesses, hospitals, and for testing.
But President Donald Trump signaled he’d sign the legislation into law, tweeting Tuesday that he’s urging lawmaker to pass the bill "with additional funding for PPP, Hospitals, and Testing."
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