Senate to vote on PPP reauthorization Tuesday as Pelosi backs away from stimulus deadline
Source: USA Today
WASHINGTON – The Republican-controlled Senate is set to vote on the reauthorization of the Paycheck Protection Program for small businesses as House Speaker Nancy Pelosi seemed to back away from a Tuesday deadline to reach a deal on a COVID-19 stimulus plan before the election.
The bill reauthorizes another round of the small business loans but is likely to be blocked by Democrats, who have opposed standalone relief bills.
Pelosi said in an interview with Bloomberg her Tuesday ultimatum was not actually a deadline to have a deal but in fact "the day where we would have our terms on the table, to be able to go to the next step."
Asked how a bill could come together, Pelosi left open the possibility a bill might not be passed until after the election, saying "we could still continue the negotiations. It might not be finished by Election Day."
Read more: https://www.msn.com/en-us/news/politics/senate-to-vote-on-ppp-reauthorization-tuesday-as-pelosi-backs-away-from-stimulus-deadline/ar-BB1adh0j?li=BBnbfcL&ocid=DELLDHP
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