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Congress, White House close to deal to replenish Paycheck Protection Program for small businesses


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The New York Times
SOURCE: https://www.cbsnews.com/news/coronavirus-small-business-aid-congress-white-house-near-deal/
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Summary

At this point, the basic framework of the bill includes the following:Democrats are not expected to be able to secure additional funding they wanted for state and local governments or SNAP food assistance funding in this bill.Senate Majority Leader Mitch McConnell said in remarks on the Senate floor Monday that Democrats were still negotiating with the Trump administration and set up a session Tuesday during which the Senate could approve the deal, if it is finalized by then. Top White House economic adviser Larry Kudlow told reporters Monday that negotiations on key points have gone "very well."House Speaker Nancy Pelosi, in an interview on "Fox News Sunday," said small businesses "will have more money as soon as we come to an agreement, which will be soon, and I think people will be very pleased." Republican Maryland Governor Larry Hogan, who leads the National Governors' Association, said he and other governors believe that aid for state and local government is "desperately needed,″ but that it may not be an issue worth fighting over for now.Democratic New York Governor Andrew Cuomo said states needed money from the federal government to ramp up testing, and he blasted legislation that wouldn't provide it."You have the president saying 15 times, 'It's up to the governors, it's up to the governors, it's up to the governors,'" he said.

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