US House Speaker Nancy Pelosi said she believed lawmakers are very close to a deal on approving extra money to help small businesses hurt by the coronavirus pandemic.
An agreement would end a stalemate that has lasted more than a week over President Donald Trump’s request to add $250 billion to a small-business loan program. Congress set up the program last month as part of a $2.3 trillion coronavirus economic relief plan, but it has already run out of money.
Governors of hard-hit states such as New York and New Jersey have said they need more federal funding to significantly ramp up testing capacity.
Democratic lawmakers from battleground districts are already under attack by Republican campaign operatives because the emergency loans for small businesses have dried up. Last week some of these Democrats said their congressional leaders should prioritize the small business funding and get it flowing again.