Economics
House Set to Pass New Stimulus With Plans to Dole Out More
- Senate passes more aid for small businesses, hospitals
- Democrats prevail in drive for added coronavirus testing money
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With the House poised to give final passage to a $484 billion package of new pandemic relief funds on Thursday, lawmakers and the Trump administration are already turning their focus on the next round of stimulus for the stalled U.S. economy.
The legislation that the House will take up, which passed the Senate Tuesday, includes $320 billion for the Paycheck Protection Program, designed to help struggling small businesses keep their workers on the payroll. It’s widely regarded as an interim step as the coronavirus pandemic continues to cause death and economic havoc.