Trump seeks $250 billion for payrolls in virus aid showdown

Trump seeks $250 billion for payrolls in virus aid showdownAs Congress races to craft the next coronavirus rescue package, President Donald Trump's sudden request Tuesday to pump $250 billion more into a just-launched small businesses payroll program sets up a new showdown over aid. Treasury Secretary Steven Mnuchin said more money is needed for the popular new $350 billion Paycheck Protection Program, which took off last Friday but was quickly overrun as companies jumped at the chance to tap up to $10 million in forgivable loans to keep paychecks flowing amid the stay-home shutdown. Mnuchin requested the funds in private calls to House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell.




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