Schumer: Senate reached deal on coronavirus funding bill

Schumer: Senate reached deal on coronavirus funding bill

The top Democratic lawmaker in the U.S. Senate said he believed Congress had reached a deal on a new rescue package, and that the White House had agreed to a national testing strategy to track the pandemic.

Colette Luke reports.

U.S. Senate Democratic Leader Chuck Schumer said on Tuesday he thinks Republicans and Democrats have agreed on a fourth coronavirus spending bill expected to top $450 billion dollars.

Schumer also said that the Trump administration has agreed to a national testing strategy.

He told CNN, "I believe we have a deal, and I believe we will pass it this afternoon at 4 p.m." Schumer added that $125 billion of small business funds will go exclusively to the unbanked and 'mom and pop' stores and that hospitals will receive another $75 billion.