HealthDay Reports: House Set to Sign Off on Economic Stimulus Bill Amid Coronavirus Pandemic
Passage of the stimulus package might take some of the sting out of the latest unemployment numbers, with 4.4 million more Americans added to jobless rolls on Thursday, bringing the total to more than 26 million Americans who are out of work due to the coronavirus crisis.
THURSDAY, April 23, 2020 (HealthDay News) -- Lawmakers were poised to pass a $484 billion deal on Thursday that would replenish a small business loan program that has run out of funding and direct more money to hospitals and COVID-19 testing.
The Senate has already passed the measure, and the House is now expected to do the same, the Washington Post reported.
The legislation would add $310 billion to the Paycheck Protection Program, the Post reported. It would also boost a separate small business emergency grant and loan program by $60 billion, and direct $75 billion to hospitals and $25 billion to a new coronavirus testing program.