Senate approves $484B relief package for small business, hospitals, testing
The U.S. Senate unanimously passed legislation putting another $310 billion into the Paycheck Protection Program, a federal program designed to extend loans to small business owners to help retain their employees for two months and keep their companies afloat amid the coronavirus pandemic.
The overall deal tops $484 billion, with the House expected to vote on it Thursday.
The agreement also adds $60 billion for the Small Business Administration’s disaster relief fund. Farms and other agriculture enterprises would now be considered eligible.
It also provides an additional $75 billion to hospitals and $25 billion for testing, including resources for states. About $11 billion dedicated to testing will be given to states and localities "to develop, purchase, administer, process and analyze COVID-19 tests."
This comes just weeks after Congress approved a $2 trillion stimulus package, the largest relief measure in American history.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Beloved local Elvis impersonator shot to death, one suspect arrested
Baton Rouge hardware stores face shortages, price increases due to the pandemic
Authorities are investigating the shooting death of a local Elvis impersonator
As businesses struggle to hire BREC says they're starting to recover
Deputies find body after recovering car from bayou Friday
LSU pitcher Matt Beck gets his moment at the plate
Brusly baseball needs extra innings to win regional series with Jennings.
Southern Athletic Director Roman Banks talks about coaching search
Drew Brees and Sean Payton enjoy the Zurich Classic
Legendary Parkview coach Kenny Guillot passes away at 76