Small Businesses Await Funds as Congress Talks Near an Agreement
- Plan would provide $310 billion to Paycheck Protection Program
- Senate hopes to vote on nearly $500 billion package on Tuesday
Closed stores and restaurants on Coney Island in the Brooklyn borough of New York, on April 20.
Photographer: Holly Pickett/BloombergThis article is for subscribers only.
Congressional leaders are on the brink of a deal to bring a fresh round of pandemic relief to small businesses, seeking to overcome partisan squabbling less than a week after the $349 billion Paycheck Protection Program ran out of funds.
The Senate has scheduled a late afternoon session Tuesday in anticipation of approving an agreement on a nearly $500 billion stimulus bill, including $310 billion to replenish the small business program. But negotiations with the Trump administration ended early Tuesday without a deal being reached.