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U.S. House to pass nearly $500 billion more in coronavirus aid on Thursday: Pelosi

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Via Reuters Finance

FILE PHOTO: U.S. House Speaker Nancy Pelosi (D-CA) walks inside the U.S. Capitol after it was announced U.S. congressional leaders and the White House agreed on nearly $500 billion more in coronavirus relief for the U.S. economy, bringing to nearly $3 trillion the amount allocated to deal with the crisis, in Washington, U.S., April 21, 2020. REUTERS/Tom Brenner

WASHINGTON (Reuters) – The U.S. House of Representatives will pass Congress’ latest coronavirus aid bill on Thursday, House Speaker Nancy Pelosi said, paving the way for nearly $500 billion more in economic relief amid the pandemic.

Pelosi, in an interview on MSNBC on Wednesday, said House lawmakers were ready to then move on to a fifth effort to continue tackling issues swelling from the outbreak that has crushed the nation’s economy and battered its healthcare system.

“We’ll pass it tomorrow in the House,” the California Democrat said.

The bipartisan $484-billion package, which passed the Republican-led U.S. Senate on Tuesday, includes an additional $321 billion for a previously set up small business lending program that quickly saw its funds exhausted.

It also includes $60 billion for a separate emergency disaster loan program – also for small businesses – and $75 billion for hospitals and $25 billion for national coronavirus testing.

Pelosi said she hopes the newly provided funds will be able to flow to strapped employers and others as soon as possible after U.S. President Trump, who has backed the bill, signs it into law.

“This is absolutely urgent,” she told MSNBC.

She also said a subsequent fifth aid package should also include money to protect U.S. elections and the U.S. Postal Service.


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