U.S. President Donald Trump participates in a signing ceremony for the “Paycheck Protection Program and Health Care Enhancement Act,” approving additional coronavirus disease (COVID-19) relief for the U.S. economy and hospitals treating people sickened by the pandemic, in the Oval Office at the White House in Washington, U.S., April 24, 2020. REUTERS/Jonathan Ernst
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday signed a nearly $500 billon coronavirus relief bill into law to expand loans for small businesses reeling from the outbreak, as his Treasury secretary promised surveillance to stop bigger companies from accessing the funds.
Trump, speaking at a White House event to sign the measure, also pushed back against any assistance for the U.S. Postal Service unless it raised prices for its package shipping service, which is used by Amazon.com Inc (AMZN.O) and other companies.
Reporting by Jeff Mason and Lisa Lambert; writing by Susan Heavey; Editing by Chizu Nomiyama; Editing by Chizu Nomiyama