President Trump Friday signed into a law a roughly $480 billion package to deliver aid to small businesses and hospitals and expand Covid-19 testing, the latest attempt by Washington to blunt the devastating impact of the pandemic.
The total price tag of the funding package is approximately $484 billion. It will add to the already historic levels of spending to deal with the pandemic by authorizing an additional $310 billion for the Paycheck Protection Program, which was set up to help small businesses struggling from the economic deep freeze triggered by coronavirus.
Funding for the program ran dry earlier this month, prompting an outcry from the business community.
Watch the moment here: