4/7, 12:00 AM (Source: TeleTrader)
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Pelosi wants next funding package to be worth $1T

United States House of Representatives Speaker Nancy Pelosi said on Monday the next funding package for mitigating the COVID-19 impact needs to be worth at least $1 trillion.

Additionally, she told the Democratic party the next stimulus legislation needs to have more small business loans, noting also one-time payments are not sufficient and that the phase four-bill should provide more direct payments.

During the day, the Small Business Administration (SBA)’s platform for processing loans went down for several hours, temporarily stopping lenders in providing small business owners with monetary aid for easing the affects of the pandemic.

Breaking the News / NL