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Lawmakers and White House agree to $2 trillion coronavirus stimulus bill after marathon negotiations
2020-03-25 — marketwatch.com
The package includes direct deposits for many Americans, $367 billion for loans to small businesses and an unprecedented program that will allocate $500 billion to the Treasury Department. Some of that money will be used to guarantee a Federal Reserve loan program for small and midsize businesses. Larry Kudlow, director of the White House's National Economic Council, said the funds could be leveraged into $4 trillion in lending through the Fed.
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The measure includes $367 billion in loans for small businesses. If the companies don't make any changes to payroll, these loans will be forgiven.
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