Source: Morgan Chalfant, THE HILL, 7/4/20


President Trump on Saturday signed legislation that extends the deadline for businesses to apply for aid under the Paycheck Protection Program (PPP). The bill extends the deadline for businesses to apply for PPP loans until Aug. 8. The program, set up to assist businesses impacted by closures related to the coronavirus pandemic, had expired on Tuesday night with roughly $130 billion left unused. The Senate in a surprise passed the legislation by unanimous consent late Tuesday, extending the program hours before it was set to expire.

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