On Tuesday, Senate Majority Leader Mitch McConnell (R-KY) indicated he would try to obtain more funding for the small-business loan program Congress created last month, stating, “The small-business Paycheck Protection Program needs more funding. Congress needs to act with speed and total focus to provide more money for this uncontroversial bipartisan program.”
The Wall Street Journal reported, “The Treasury Department is expected to request at least $200 billion more for the program on Tuesday, and Mr. McConnell will need the consent of Senate Minority Leader Chuck Schumer (D., N.Y.) to pass the funding this week. With lawmakers out of town, Mr. McConnell said he hoped to pass the measure through unanimous consent or a voice vote.”
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