Congressional leaders are jolting ahead with another coronavirus rescue package as President Donald Trump indicated that Americans will need more aid during the stark pandemic and economic shutdown.
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.
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
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
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.
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
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