Congressional leaders say Sunday evening that they have reached a consensus on an approximately $900 billion economic stimulus package
The legislation reportedly includes $284 billion for PPP loans, along with additional funding for small business grants and live entertainment venues
The breakthrough follows months of unsuccessful negotiations on further stimulus and comes just days before millions of Americans were set to lose federal unemployment benefits
One-quarter of respondents in an ongoing small business survey indicate that they’ll need to close their doors within six months if economic conditions don’t improve
Fifty-three percent anticipate that they’ll need more financial support in the coming year
Survey also indicates broad support for the Paycheck Protection Program, which could be renewed in a stimulus proposal before Congress
Connecticut GOP proposes $50 million grant program to assist restaurants and bars
Proposal also includes a number of other relief measures for these businesses, including a suspension of certain fees and an extension on property taxes
Governor Ned Lamont has promised $25 million in additional grants, although these would not be specific to restaurants and bars
Federal Reserve formally becomes a member of the Network of Central Banks and Supervisors for Greening the Financial System
Coalition aims to enhance the global response to meeting the goals of the Paris climate agreement, and to strengthen the role of the financial sector in addressing climate change
The Fed has been participating informally in the coalition for a year, but has been cautious in its approach to climate issues due to the partisan nature of the issue in the United States
