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rdf:type	schema:NewsArticle
schema:articleBody	The US Senate's top Democrat said Tuesday that a deal had been reached with the White House on pumping an additional $300 billion into a depleted emergency program to rescue small businesses ravaged by the coronavirus crisis. The negotiations were all but finalized on re-funding the popular Paycheck Protection Program, and the Senate could vote on the deal as early as Tuesday, Senator Chuck Schumer said. "There are still a few more I's to dot and T's to cross, but we have a deal," Schumer told CNN after staff were "up all night" finalizing the huge package. "And I believe we'll pass it today," he added. The measure would then go to the House of Representatives, where leaders said a vote could come as early as Thursday, before heading to President Donald Trump for his signature. Late last month, with shops and restaurants nationwide forced to shut down due to the coronavirus pandemic, the government launched the PPP to provide $350 billion in what were essentially grants as long as businesses use the funds to pay their workers. Banks were flooded with requests and the money quickly ran out. According to Schumer, and Treasury Secretary Mnuchin, who spoke of the negotiations Sunday, the new tranche would include $300 billion in new small business funding, plus $75 billion for critically underfunded hospitals and $25 billion to expand coronavirus testing. On testing, "you need a national strategy, and the president and Mnuchin and (acting chief of staff Mark) Meadows agreed to that, to their credit. and it will be in the proposal." The deal also reportedly would provide for roughly $60 billion in grants and loans for economic disaster aid. Republicans earlier had insisted on passing a clean, straightforward measure to fund just the small business program, but Democrats successfully fought for additions. Schumer said a substantial portion of the PPP money will be reserved for small businesses in minority and rural communities, and for those without access to large financial institutions. The deal leaves out a key Democratic demand: extra funding for state and local governments that have been battling the pandemic, which has killed at least 42,000 people in the United States. The White House has signaled it wants such funding included in follow-up legislation. mlm/bgs
schema:headline	Democrat says new deal reached on US small businesses funding
schema:mentions	United States Secretary of the Treasury Purchasing power parity Chuck Schumer Presidency of Donald Trump History of the United States Republican Party United States Senate CNN Pandemic United States Coronavirus President of the United States Donald Trump Tranche Mark Roebuck
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-21 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	79 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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