U.S. President Donald Trump on Saturday signed an extension of the Paycheck Protection Program into law, according to the White House.

The House unanimously passed the extension less than a day after the program shuttered, and the program will now remain open to applications through August 8.

The program is a loan designed to provide incentives for small businesses to keep their workers on the payroll during the outbreak.

As of Saturday, the U.S. has seen nearly 2.8 million coronavirus cases and more than 129,000 deaths, according to Johns Hopkins University's tally.

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