The fate of a $484 billion stimulus package was in the hands of the U.S. House of Representatives on Thursday, and passed during the briefing and will now head to President Trump’s desk. Meanwhile, the House passed by party-line vote a resolution to set up a special committee to oversee the coronavirus response, including how federal funds are disbursed by the Trump administration.
The U.S. death toll surpassed 47,000 and confirmed cases topped 850,000.
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The Senate approved the stimulus package Tuesday and the House vote is scheduled for today. President Donald Trump has signaled he will sign it. A majority of the Paycheck Protection Program would direct more than $320 billion to small businesses with $60 billion being set aside for community-based lenders, smaller banks and credit unions to assist businesses that don’t have established relationships with banks.
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