Senate Leaves For Recess Without Passing More Coronavirus Relief - News Summed Up

Senate Leaves For Recess Without Passing More Coronavirus Relief


Senate Republicans held a few hearings on coronavirus testing and reopening the economy, but they mostly focused on confirming executive and judicial nominees. No discussions are underway between House and Senate leaders concerning another relief package, and the Trump administration appears content with the funding pause. “By the time we get back from recess, the very first loans will have reached their eight-week period. The Senate is looking at extending the loan forgiveness to 16 weeks ― but it failed to reach unanimous agreement to do so before taking its break. A bill the House plans to pass next week would give businesses up to 24 weeks to spend the loan money.


Source: Huffington Post May 21, 2020 21:56 UTC



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