Treasury Secretary Steven Mnuchin, left, with President Trump. (Photo: Doug Mills/Bloomberg)
Lawmakers are nearing the finish line on a fourth stimulus package that will provide between $450 to $600 billion in aid for businesses and hospitals affected by COVID-19, including up to $350 billion for small-business loans.
Treasury Secretary Steven Mnuchin told host Jake Tapper on CNN's "State of the Union" on Sunday that there would be $300 billion for the Small Business Administration's Paycheck Protection Program, $50 billion for Economic Injury Disaster Loans, $75 billion for hospitals and $25 billion for testing.
One holdup in negotiations: Top Senate Democrats are pressing Mnuchin to explain how the small-business loans are being distributed before they agree to replenish the $377 billion in PPP loans, EIDLs and emergency grants that has dried up.
