The Senate on Tuesday passed a nearly $500 billion coronavirus 'Phase 3.5' relief bill that would replenish a small business rescue program known as the Paycheck Protection Program (PPP), provide hospitals with another $75 billion and implement a nationwide virus testing program to facilitate reopening the economy.
In a joint statement Tuesday afternoon, Pelosi and Schumer pointed the finger back at Republicans, although they acknowledged the delay resulted from their attempts to add more items to the bill.
McConnell went on to say he was "sorry that it took my colleagues in Democratic leadership 12 days to accept the inevitable, and that they shut down emergency support for Main Street in a search for partisan ‘leverage’ that never materialized." “This bipartisan agreement will provide more than $320 billion in additional funding for the Paycheck Protection Program, which is already helping millions of small-business employees receive paychecks instead of pink slips," McConnell continued. "This is even more money than Senate Republicans first requested. At our request, there will now be a special focus on community banks and credit unions.
In his letter to colleagues, Schumer largely claimed victory and asserted that Democrats' delays had produced results that Republicans otherwise might not have agreed to.
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