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U.S. Treasury Says Coronavirus Bill to Support Small Businesses

New York Confirms Second Case Of Coronavirus
Photographer: Jeenah Moon/Bloomberg

The U.S. Treasury will be able to support smaller businesses impacted by the coronavirus through an economic relief plan that the House passed late Friday, Treasury Secretary Steven Mnuchin said in a statement.

“To protect businesses concerned about cash flow, the Treasury will use its regulatory authority to advance funds to employers in a number of ways,” he said, adding employers will be able to use cash deposited with the IRS to pay sick-leave wages.