Schumer signals deal possible ‘early next week’ on stalled small business funding

By Susan Ferrechio

Published April 10, 2020 5:09pm ET

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Schumer signals deal possible ‘early next week’ on stalled small business funding — Democratic leader Chuck Schumer says the coronavirus relief agreement no longer contains $3 billion to fulfill President Trumpâs order to buy low-priced oil to restock the nationâs emergency Strategic Petroleum Reserve. | (AP Photo/Manuel Balce Ceneta)

Congress can reach a bipartisan deal on a new economic relief package by early next week, the top Senate Democrat said Friday after speaking with Treasury Secretary Steven Mnuchin.

Senate Minority Leader Chuck Schumer, a New York Democrat, said Friday he spoke by phone with Mnuchin about the Treasury Department’s request for an additional $251 billion to replenish a small business relief fund that is running out of money.

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Budgets and Deficits Chuck Schumer Congress COVID-19 Steven Mnuchin