Panel Approves $50 Billion for Small Businesses: Stimulus Update

The House Small Business Committee has approved $50 billion in emergency pandemic aid for small businesses. A senior Senate Democrat highlighted comments by Federal Reserve Chair Jerome Powell on the weak state of the job market in his push for a longer period of enhanced unemployment benefits.

Five House committees are acting Wednesday on their parts of the stimulus bill, with three more planning to move on their pieces in the coming days. A further three with jurisdiction over elements of the package have chosen not to have public votes and hearings, spurring criticism from Republicans.

Kevin Cirilli reports on how the White House is trying to get a stimulus bill through Congress.

Source: Bloomberg)

The Senate Finance ...