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.
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.
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.