Mnuchin 'Hopeful' On Imminent Deal For New Coronavirus Relief Funding
NPRMnuchin 'Hopeful' On Imminent Deal For New Coronavirus Relief Funding Enlarge this image toggle caption Saul Loeb/AFP via Getty Images Saul Loeb/AFP via Getty Images The White House and congressional leaders could be nearing an agreement on a new wave of coronavirus relief funding. Treasury Secretary Steven Mnuchin told CNN that he's hopeful that a deal could be reached as early as Sunday to replenish a tapped-out small-business loan program and that the deal would include additional funding for hospitals and testing. Sponsor Message Mnuchin said the agreement so far would include $300 billion for the Paycheck Protection Program, which funds small-business loans during the crisis; that amount is $50 billion more than had initially been proposed by the administration. There's also a top-line agreement to add another $75 billion in emergency funding for hospitals, $50 billion for small-business disaster loans and $25 billion for testing, Mnuchin said.
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