US Treasury Secretary Steven Mnuchin said the Trump administration was close to reaching a deal with Congress to provide another $300bn in loans for small businesses that have been devastated by the Covid-19 pandemic.
“I think we're very close to a deal today,” Mr Mnuchin told CNN on Sunday. “I'm hopeful that we can reach an agreement that the Senate can pass this tomorrow and that the House can take it up on Tuesday.”
In a sign that the administration and Democrats were close to a deal after days of bitter debate over what should be in the package, Nancy Pelosi, the Democratic Speaker of the House, told ABC News that both sides had reached “common ground” and were “very close to an agreement”.
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