Phase 3.5 Coronavirus Stimulus Bill at $484-B, Lawmakers Agree

Update: The Us Senate Tuesday unanimously approved $484-M in new relief for the US economy and hospitals hammered by the coronavirus pandemic, sending the measure to the House of Representatives for final passage Thursday, and immediate signing into law by President Trump.

The Trump Administration and Senate officials are closing in on a new coronavirus stimulus bill known as “Phase 3.5” worth $470-B

The bill has a $310-B set aside for Paycheck Protection Program, which gives grants to small businesses that cannot pay their workforces.

Another provision valued at $60-B will be given to economic disaster loans, as well as $25-B allocated to coronavirus testing and $75-B for hospitals.

We will not know if we are able to clear it by unanimous consent until we have a product,” Senate Majority Leader Mitch McConnell (R-KY) said. “The talks are continuing. … And we’re getting closer, and hopefully we’ll have an agreement of some kind later today.

Leader McConnell added: “At this hour, our Democratic colleagues are still prolonging their discussions with the administration, so the Senate, regretfully, will not be able to pass more funding for Americans’ paychecks today.”

Making and Keeping America Great!

Have a healthy day, Keep the Faith!

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