Senate Approves Extending Paycheck Protection Program – The New York Times

WASHINGTON — The Senate on Tuesday evening approved extending the application period for a relief program for small businesses, granting five additional weeks for the remaining money left in the program to be spent.

Less than four hours before the Paycheck Protection Program was scheduled to close with $130 billion still available for loans to small businesses seeking to maintain their payrolls, the Senate approved extending the application period and allowing small businesses to receive aid until Aug. 8.

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