Mnuchin Seeks Further $250 Billion to Bolster Small Business Lending Program
Investing.com
Published Apr 07, 2020 01:58PM ET
Updated Apr 07, 2020 02:08PM ET
By Yasin Ebrahim
Investing.com - U.S. Treasury Secretary Steven Mnuchin said he held talks with Congress to secure an additional $250 billion to bolster the $349 billion Paycheck Protection Program that was launched last week to deliver fiscal support for small businesses in the wake of the coronavirus crisis.
The Paycheck Protection Program was formed as part of of the historic $2 trillion coronavirus rescue bill that was rolled out last month. But calls for Congress to beef up the small business relief program have grown louder in recent days amid a surge in demand from small businesses in need of financial assistance.
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Written By: Investing.com
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