stimulus

Government, Business

Trump Points to Potential for Resuming Daily Operations by Easter

U.S. President Donald Trump Donald Trump by Andrew Harrer/Bloomberg News

With Congress seeking to help stabilize the economy by advancing a $2 trillion rescue measure this week, President Donald Trump suggested a significant portion of the country’s operations, such as freight and passenger transportation networks, could resume as early as Easter, which falls on April 12 this year.

Eugene Mulero | Senior Reporter
March 25, 2020
Government, Business

Airline Bailout Combines Loans With Cash-for-Equity Assistance

A Boeing 757-232 aircraft operated by Delta Air Lines taxis past Southwest Airlines planes in Victorville, Calif., on March 23. A Boeing 757-232 aircraft operated by Delta Air Lines taxis past Southwest Airlines planes in Victorville, Calif., on March 23. (Patrick T. Fallon/Bloomberg News)

Struggling U.S. airlines will be eligible to receive federal loans and, if they are willing to give an option for an ownership stake to the government, direct cash assistance under the coronavirus rescue deal reached by lawmakers and the White House, according to three people familiar with the matter.

March 25, 2020
Government, Business

White House, Senate Strike Deal on $2 Trillion Stimulus Package

U.S. Treasury Secretary Steve Mnuchin (blue tie) and White House Chief of Staff Mark Meadows (red tie) speak to media in the U.S. Capitol on March 24. U.S. Treasury Secretary Steve Mnuchin (blue tie) and White House Chief of Staff Mark Meadows (red tie) speak to media in the U.S. Capitol on March 24. (Sarah Silbiger/Bloomberg News)

The Trump administration struck a deal with Senate Democrats and Republicans on an historic rescue package with more than $2 trillion in spending and tax breaks to bolster the hobbled U.S. economy and fund a nationwide effort to stem the coronavirus.

March 25, 2020
Government, Business, Safety

$2.2 Trillion Stimulus Plan Aids Small Businesses, Families

Transportation Priorities Speaker of the House Nancy Pelosi at a past press conference. (J. Scott Applewhite/Associated Press)

The $2.2 trillion economic rescue plan advanced by Congress will target aspects of the supply chain and commercial transportation networks that are struggling after the coronavirus pandemic crippled much of the country’s economy.

Eugene Mulero | Senior Reporter
March 24, 2020
Government, Business, Safety

Treasury Proposes Delivering $500B to Americans Starting April

Senate Majority Leader Mitch McConnell walks back to his office in Washington on March 17. Senate Majority Leader Mitch McConnell walks back to his office in Washington on March 17. (Susan Walsh/Associated Press)

The Treasury Department said March 18 it wants to dedicate $500 billion to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy as the coronavirus epidemic threatens a body slam to taxpayers and businesses.

March 18, 2020
Business

GAO Sees Flaws in DOT’s Grants Process

The Government Accountability Office last week issued two reports that found flaws in the Transportation Department’s process for awarding $9.5 billion in federal stimulus grants, drawing sharp criticism from some Republican members of Congress.

April 18, 2011