The White House and Congress have reached a deal on a new funding package that will replenish a lending program meant to aid small businesses impacted by the novel coronavirus pandemic, two administration sources confirmed on Tuesday.

The details of the package are forthcoming but the deal is expected to include $310 billion for the paycheck protection program, including setting tens of billions aside for smaller lenders, $25 billion for testing and $75 billion for hospitals, according to lawmakers.

President Trump urged the House and Senate to pass the legislation in a pair of tweets Tuesday afternoon.

Source: The Hill