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White House, Congress ‘very close” to major $450B deal

That’s because the Small Business Loan Programme that a ton of American small businesses counted on initially dried up quickly of its cash. Now, Republicans and Democrats alike have reportedly come to terms with a deal that would see another major cash injection into the programme.

According to the Associated Press, the Treasury Department hopes to have the programme back up by mid-week. The department confirmed that this time around at least $75B would go towards hospitals; at least $50B in disaster loans, and at least $25B for COVID-19 testing among other important feats that Democrats argued for.

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