US Likely to Revise Paycheck Protection Program to Cope With Virus Impact

The United States is expected to revise its aid program for small businesses to cope with the economic fallout of the coronavirus outbreak, the Wall Street Journal reported on Sunday https://on.wsj.com/2AtGB6q.

The changes are expected to include granting businesses more flexibility to spend funds as well as extend the time to spend the loan money beyond the two months originally set by the government under the Paycheck Protection Program, the newspaper reported, citing lawmakers following the deliberations.