three people familiar with the negotiations that who also confirmed that a deal has been struck.
The interim legislation will include $321 billion for the Paycheck Protection Program, $60 billion of which is earmarked for people and companies without existing banking relationships,It will also include another $60 billion for economic disaster assistance loans and grants, $25 billion for national coronavirus testing and $75 in additional funding for hospitals.
Notably absent from the agreement is more funding for states and local governments, a key priority for Democrats. On Tuesday afternoon, President Trump tweeted that discussions will begin on a fourth stimulus package after he signs this interim legislation.Under the PPP, companies and nonprofits with fewer than 500 workers can apply for loans of up to $10 million at 1% interest to cover two months of payroll and overhead expenses. If the borrower retains workers and doesn’t cut their wages, the government will forgive most or all of the loan and repay the bank lenders.
Source: News Formal (newsformal.com)
theothersarahh 但愿民主党人从大局出发同心同德战胜疫情的苦难。
theothersarahh After a few was to far gone to survive due to the antics of the F U Party.
theothersarahh How about you work on executing the Pandemic Unemployment Insurance distribution plan. What a crazy idea that would be... they cannot even apply so there will be another overload of state systems... and another waiting period. For christ's sake. Focus on this.
theothersarahh I can almost tell who you might be related to off the smallest similar detail. We need to get rid of the military and do a factory reset of politics.
theothersarahh my dad and them may need that for theirs cuz i'm suing them and charging chris murray senior with assault and accomplice.
theothersarahh And the rest of us?!?!?
theothersarahh If you get a chance please spread this around. The Navajo Reservation is really struggling. Many people don’t even have electricity or running water. We would like to send 100 solar gens and 100 water from air systems ASAP✊🏽😷
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Congress expected to announce deal on latest coronvirus relief, small business loansSenate Minority Leader Schumer says lawmakers have reached a deal with the White House on a nearly $500B interim coronavirus bill that includes additional funds for the small business loan program as well as more money for hospitals and testing. Save most of it for Georgia, I give them 3 weeks to abandon their new life. 🍑🍑🍑🍑🍑 Anything for people? Like Canada... possible expansion of the snap program?
Source: MSNBC - 🏆 469. / 51 Read more »
Shake Shack ‘Immediately’ Returning Its $10 Million Government LoanAfter receiving criticism for applying, Shake Shack's founder and CEO announced that they’ll immediately return the $10 million they received from the Paycheck Protection Program Why did shakeshack apply in the first place? What 'small business' means seems pretty obvious. Considering they're listed on the NYSE and 100% of 'small' businesses aren't. Doesn’t that mean it would just get re-distributed some other unworthy corporation? Wouldn’t it have been better to donate it? If that’s allowed... Alternatively, Shake Shack could sign the check over to the US Postal Service.
Source: NYMag - 🏆 111. / 63 Read more »
Schumer says deal reached on small business funding includes national testing planNEW: Senate Minority Leader Chuck Schumer says the Trump administration has agreed to a national strategy to test Americans for the novel coronavirus, something for which Democrats have fought for weeks. It’s about time Pretty crazy the the Senate Dems must fight for and pass a bill to get the public tested. Twilight zone. trumpy and jared will figure out a way to monetize it and fork it up.
Source: ABC - 🏆 471. / 51 Read more »
National testing plan a sticking point in reaching small business aid dealCongressional leaders and the White House are inching closer to striking a bipartisan deal that will replenish the depleted small business loan program. where's my mask? So why even wear a mask? How does anyone breath in the face mask.
Source: ABC - 🏆 471. / 51 Read more »
Schumer Says He Believes Congress Has a Deal on Small-Business AidSenate Minority Leader Chuck Schumer (D., N.Y.) said Tuesday morning he believed congressional leaders had reached a deal on aid for small businesses grappling with the fallout from the coronavirus pandemic. And another a thousand pages of Green new deal. Democrat scumbags should have had this passed a week ago. Whats this deal 🗑 There better not be any pelosiPork
Source: WSJ - 🏆 98. / 63 Read more »
Congress reaches deal on $450 billion package to help small businesses, sources sayBREAKING: US lawmakers have reached a deal on a bill to provide new funding for small businesses hurt by the coronavirus outbreak, sources say. Thank you!! 👍🏾 they better do their job and pass something 😕
Source: CNN - 🏆 4. / 95 Read more »