Politico: Senate Agrees To Extend Small Business Rescue In Surprise Move

The Senate in a surprising move Tuesday evening passed legislation that would keep the government's massive small business rescue program alive just as it was set to close down within hours with $130 billion left unspent.

The bill approved by unanimous consent would give the Small Business Administration authority to continue approving Paycheck Protection Program loans, which can be turned into grants, until Aug. 8. To keep the loans flowing, the House would need to pass the legislation and send it to President Donald Trump for his signature.

Check out the full article from Politico here.