The fate of a $484 billion stimulus package was in the hands of the U.S. House on Wednesday as the nation’s death toll surpassed 45,000 and a top public health official warned that a second coronavirus wave could be worse than the current crisis.
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The Senate approved the stimulus package Tuesday; a House vote is scheduled for Thursday. President Donald Trump has signaled he will sign it. A majority of the Paycheck Protection Program would direct more than $320 billion to small businesses with $60 billion being set aside for community-based lenders, smaller banks and credit unions to assist businesses that don’t have established relationships with banks.
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