US Senate Passes New $484b Coronavirus Relief Package

The US Senate has approved $484 billion to aid small businesses, hospitals and testing amid the coronavirus pandemic. This makes it the US' second economic relief package since the Coronavirus pandemic started.

The agreement follows weeks of negotiation and disagreements between Republican and Democratic Lawmakers was passed by a voice vote after agreements were made on Sunday and Monday.

The package will include an additional $310 billion for the Paycheck Protection Program (PPP), $60 billion specifically for community banks and smaller lenders, as well as $75 billion for hospitals, $25 billion for testing, and $60 billion for emergency disaster loans and grants.

The House of Reps is expected to pass the bill on Thursday morning, with members returning to Washington for a recorded vote.

The president of the US, Donald Trump on Tuesday, went on micro-blogging site Twitter, to throw his support behind the idea of the relief package.

"I urge the Senate and House to pass the Paycheck Protection Program and Health Care Enhancement Act with additional funding for PPP, Hospitals, and Testing," Trump tweeted.

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