Treasury preparing to request more money for small businesses

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Treasury preparing to request more money for small businesses
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US Treasury Dept. is preparing a formal request to Congress for more funds for the “Paycheck Protection Program” forgivable small business loans, department official says.

The Treasury Department is preparing a formal request to Congress for more funds for the “Paycheck Protection Program” forgivable small business loans, a Treasury Department official confirmed to NBC News.

In a statement, Senate Majority Leader Mitch McConnell said he would with Treasury Secretary Steve Mnuchin and Senate Minority Leader Chuck Schumer to approve more funding for the program.Senate Dems unveil proposal to boost pay to essential workers on the front lines “That's equivalent to a raise of about $13 an hour,” Schumer said, adding that it would not only cover medical professionals but also grocery store workers, pharmacists and more.

New York Gov. Andrew Cuomo said Monday the state saw its"largest single-day increase" in deaths yesterday at 731, but that the three-day hospitalization rate is lowering.

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