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Schumer believes coronavirus small business loan deal reached
Schumer says deal reached on coronavirus interim stimulus
Sen. Chuck Schumer, D-N.Y., says lawmakers have a deal on coronavirus stimulus and will pass in the Senate Tuesday. FOX Business’ Maria Bartiromo with more.
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WASHINGTON, April 21 (Reuters) – The U.S. Congress moved toward a fourth coronavirus relief bill expected to top $450 billion, as Senate Democratic Leader Chuck Schumer said all major provisions were agreed, and that the Trump administration has signed off on a national testing strategy.
"I believe we have a deal, and I believe that we will pass it this afternoon at 4 p.m. (2000 GMT)," Schumer told CNN.
He said the package would include more money for small businesses and hospitals as well as the testing strategy that will help states lift extensive stay-at-home orders and advisories intended to slow the spread of the potentially lethal respiratory disease.
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"We need a national strategy, as the governors have said, to get the kinds of testing that's done, to get the contact tracing, to make the tests free," Schumer said. He said President Donald Trump – who has talked about testing as largely a state responsibility – had agreed to this "and it will be in the proposal."