Senate Passes $484B Coronavirus Bill Aimed to Help Businesses and Hospitals
The Senate overwhelmingly passed a near half-trillion-dollar coronavirus bill on Tuesday to replenish a small-business loan program and fund hospitals and testing efforts.
The $484 billion bill is the fourth large coronavirus deal since last month — and comes after a political standoff caused a lapse last week in the Small Business Administration’s Paycheck Protection Program, which gives businesses loans that will be forgiven if they don’t lay off workers.
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