Trump signs extension of COVID-relief PPP fund for businesses

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Trump signs extension of COVID-relief PPP fund for businesses
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President Trump on Saturday signed into law a temporary extension of a subsidy program for small businesses battered by the coronavirus. The legislation extends the June 30 deadline for applying for the Paycheck Protection Program to Aug. 8.

The legislation extends the June 30 deadline for applying for the Paycheck Protection Program to Aug. 8. Lawmakers created the program in March and have modified it twice since, adding money on one occasion and more recently permitting more flexible use of the funding despite some grumbling among GOP conservatives.

The Democratic-controlled House voted on Wednesday to approve the extension of the program after the Republican-controlled Senate did the same.

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