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House speaker: ‘we’re close’ to deal on on approving extra money
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2.42pm BST
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US House Speaker Nancy Pelosi has said she believed lawmakers are very close to a deal on approving extra money to help small businesses hurt by the coronavirus pandemic.
An agreement would end a stalemate that has lasted more than a week over President Donald Trump’s request to add $250 billion to a small-business loan program. Congress set up the program last month as part of a $2.3 trillion coronavirus economic relief plan, but it has already run out of money.
Pelosi and Senate Democratic leader Chuck Schumer say they favor more money for small businesses but also want more coronavirus response funds for state and local governments and hospitals, as well as food assistance for the poor. Continue reading...