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Photo: Drew Angerer/Getty Images

President Trump signed a $484 billion interim coronavirus relief bill on Friday that will add another $310 billion to the small-business Paycheck Protection Program (PPP), as well as provide billions in aid to hospitals and for testing.

What's next: Now that the bill has been signed into law, Congress and the Trump administration will focus on how quickly that money, particularly the replenished PPP funds, can get out the door.

  • Conversations over a much larger phase-four deal are also underway, but there is division over what that bill should look like.
  • Senate Majority Leader Mitch McConnell (R-Ky.) has indicated that, unlike the interim bill, any new stimulus measure must be negotiated in person.
  • He's also thrown cold water on the push to deliver more funding to state and local governments — a top Democratic demand — instead saying they should file for bankruptcy protection if needed.
  • Meanwhile, Democrats have laid out several other priorities for a phase-four bill, including more funding for rental assistance, election integrity, a Heroes’ fund and the U.S. Postal Service.

The big picture: House members returned to Washington for a vote on the bill Thursday, passing it 388-5.

  • Reps. Andy Biggs (R-Ariz.), Ken Buck (R-Colo.), Jody Hice (R-Ga.), Thomas Massie (R-Ky.) and Alexandria Ocasio-Cortez (D-N.Y.) were the five "no" votes.
  • Rep. Justin Amash (I-Mich.) voted "present."

Details: The vast majority of the funds — $310 billion — is for replenishing the PPP, which dried up last week. Roughly $60 billion of that total will be allocated to small lenders and community banks. The rest includes:

Note: Axios qualified for a loan under this program. More details here.

Go deeper

Trump says Fauci is "wrong" about coronavirus cases surge

President Trump and National Institute of Allergy and Infectious Diseases director Anthony Fauci during an April daily coronavirus task force briefing at the White House. Photo: Drew Angerer/Getty Images

President Trump called out Anthony Fauci Saturday in a comment retweeting a video of the NIAID director explaining why coronavirus cases have been surging in the U.S.

Driving the news: In the video of Friday's testimony, Fauci explained that while European countries shut 95% of their economies, the U.S. "functionally shut down only about 50%." Trump responded, "Wrong! We have more cases because we have tested far more than any other country, 60,000,000.

Trump renomination vote to be held in private, with no media present

President Trump at the White House on Friday. Photo: Alex Wong/Getty Images

The vote on renominating President Trump will be held in private this month with no media present because of coronavirus "restrictions and limitations" in place in North Carolina, a Republican National Convention spokesperson told AP Saturday.

The big picture: The vote is due to take place at the convention in Charlotte, North Carolina, on Aug. 24. When Trump announced on July 23 that he canceled plans to hold the convention in Jacksonville, Florida, over COVID-19 concerns, he said he'd give an acceptance speech "in a different form."