Congress Nears Deal To Add Additional Funds To The Paycheck Protection Program

Apr 20, 2020

The Senate broke on Monday afternoon with no deal to replenish an empty relief fund for small businesses, though the Senate scheduled a Tuesday session in case negotiators complete a deal in the next 24 hours.

In a brief Monday session, Senate Majority Leader Mitch McConnell (R-Ky.) scolded Democrats for "prolonging their discussions" with President Donald Trump and his administration over a relief package of nearly $500 billion.

“It’s now been four days since the Paycheck Protection Program ran out of money. Republicans have been trying to secure more funding for this critical program for a week and a half," McConnell said. “However, since this is so urgent, I have asked that the Senate meet again tomorrow in a new session that was not previously scheduled, and the Democratic leader has agreed to my request. It is past time to get this done for the country.”

The Senate will next convene at 4 p.m. on Tuesday. McConnell told reporters he hoped there would be an agreement later on Monday: "We're getting closer."

Check out the full article from Politico here.