- The House on Wednesday passed a temporary extension of a subsidy program for small businesses slammed by the coronavirus.
- The legislation extends the June 30 deadline for applying for the program to Aug. 8. Lawmakers created the program in March and have modified it twice since, adding money on one occasion and more recently permitting more flexible use of the funding despite some grumbling among GOP conservatives.
- About $130 billion of $660 billion approved for the program remains eligible for businesses to seek direct federal subsidies for payroll and other costs such as rent, though demand for the Paycheck Protection Program has pretty much dried up in recent weeks.
- Trump was expected to sign the measure.
- Visit Business Insider's homepage for more stories.
WASHINGTON (AP) — The House on Wednesday easily passed a temporary extension of a subsidy program for small businesses slammed by the coronavirus, speeding the measure to President Donald Trump.
Approval by voice vote without debate came after Democrats pushed the legislation through the GOP-controlled Senate late Tuesday as spikes in coronavirus cases in many states led to renewed shutdowns of bars and other businesses.
See the rest of the story at Business Insider
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- The Texas Medical Center scrubbed data showing ICU beds at full capacity as the state's coronavirus cases spike
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