The Senate has approved a $484 billion relief package intended to aid flailing businesses. Critics of the bill say it doesn’t go far enough.
On Tuesday the United States Senate approved a $484 billion coronavirus relief package that’s expected to pour billions more into the Paycheck Protection Program (PPP) intended to give small businesses financial relief during pandemic-spurred shutdowns. Of the $310 billion set aside for the PPP, just $60 billion will go to assist small lenders and community-based financial institutions.
Advocates say it’s simply not enough.