House Speaker Nancy Pelosi assailed Republican “disarray” Sunday over a new pandemic relief package as the White House suggested a narrower effort might be necessary, at least for now.
The California Democrat panned the Trump administration’s desire to trim an expiring temporary federal unemployment benefit from $600 weekly to about 70% of pre-pandemic wages. “The reason we had $600 was its simplicity,” she said from the Capitol.
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The Small Business Administration and the U.S. Treasury revealed Sunday that the second round of the Paycheck Protection Program has issued 2.2 million loans, totaling $175 billion.
PPP loans are forgivable loans for small businesses to offset some of the losses experienced by the response to the COVID-19 pandemic. The loans are meant to provide a direct incentive for small businesses to keep their workers on the payroll.
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The House of Representatives on Friday passed the Senate’s $2 trillion coronavirus relief package and sent it to the president. What initially began as a bill designed to help the workers and families hurt by job loss or disruption caused by government measures to fight coronavirus morphed into an 880-page behemoth.
Here are the highlights: the good, the bad, and the ugly.
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