Trump admin seeks $250 bn more in aid for small businesses: Mnuchin

The Trump administration on Tuesday asked Congress for an additional $250 billion in emergency economic aid for small U.S. businesses reeling from the coronavirus pandemic, as Senate Majority Leader Mitch McConnell pushed for passage as soon as Thursday.

In a posting on Twitter, Treasury Secretary Steven Mnuchin said he had consulted with congressional leaders on the need for the second round of funding.

If approved by Congress, the aid would add to the $349 billion in forgivable loans to small businesses enacted on March 27 as part of a $2.3 trillion economic stimulus in response to the virus outbreak.