Senate May Act Quickly To Help Small Businesses

The Senate may act this week to pump more money into a fund for small businesses. 

Senate Majority Leader Mitch McConnell has been cool to the idea of more stimulus spending right away. He now says up to 250-billion-dollars may need to be added to the Paycheck Protection Program. 

The program helps small businesses cover payroll and expenses during the ongoing coronavirus crisis. Small businesses got 350-billion for the program in the massive stimulus package that was recently approved, but is quickly running dry.

In a statement, McConnell said he may try to get the additional spending through the Senate by using procedural levers that would not require in-person votes by most senators. 

Photo: Getty Images


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