WASHINGTON – In a rare move, Senate Majority Leader Mitch McConnell said Tuesday he will attempt to swiftly pass additional funds for small businesses to keep making payroll as Congress rushes to provide more aid during the coronavirus crisis.
The Republican leader plans a vote this week to supplement the $350 billion approved for companies in the just-passed $2.2 trillion rescue package with an immediate additional $250 billion or so, according to GOP operatives.
The so-called Paycheck Protection Program “may run dry” without it, McConnell said. Treasury Secretary Steven Mnuchin is expected to outline the request later Tuesday.