Panel Approves $50 Billion for Small Businesses: Stimulus Update
- Check here for updates on Biden’s proposed $1.9 trillion plan
- Top Democrat invokes Fed chief Powell in pushing big bill
This article is for subscribers only.
The House Small Business Committee has approved $50 billion in emergency pandemic aid for small businesses. A senior Senate Democrat highlighted comments by Federal Reserve Chair Jerome Powell on the weak state of the job market in his push for a longer period of enhanced unemployment benefits.
Five House committees are acting Wednesday on their parts of the stimulus bill, with three more planning to move on their pieces in the coming days. A further three with jurisdiction over elements of the package have chosen not to have public votes and hearings, spurring criticism from Republicans.