White House agrees to oversight of massive $500 billion Treasury loan program designed to soften coronavirus impact on businesses
that gave Treasury officials excessive leeway in determining who gets the money.
The fund is a centerpiece of the Senate plan. Here's where the"loans and loan guarantees" would go, per the Post:$50 billion would go to major airliners ravaged by a steep drop in the number of Americans traveling.$8 billion would be directed to cargo airlines. The president had been pressed on the issue in recent days. When asked on Monday who should oversee the administration of the loan program, Trump responded,"I'll be the oversight."
By Tuesday morning, he was pressing for a deal between Congress and the White House. Treasury Secretary Steven Mnuchin took point as the administration's lead negotiator.."The longer it takes, the harder it will be to start up our economy. Our workers will be hurt!"
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Social-Distancing or at the White House: Where the Trump Family Is During Coronavirus PandemicThe president remains in D.C. with the first lady and their teenage son while daughter Ivanka and her husband continue to advise him after an earlier brush with the virus
Leer más »
First lady Melania Trump tests negative for coronavirus, White House saysFirst lady Melania Trump tested negative for coronavirus, White House press secretary Stephanie Grisham told CNN Monday.
Leer más »
White House Correspondents' Dinner Postponed Due to Coronavirus'The White House Correspondents’ Association regrets to announce that it is unable to go ahead with its 2020 dinner on April 25. We will get back to you soon with our alternative date,' the WHCA announced
Leer más »
White House Correspondents’ Association Nixes April 25 Date For Annual DinnerThe White House Correspondents’ Association has canceled its April 25 annual dinner because of the coronavirus crisis. The organization indicated that it would be looking to hold the event at…
Leer más »
2020 White House Correspondents’ Dinner PostponedOriginally set for April 25, this year’s White House Correspondents’ Dinner has been postponed. A new date will be announced at a later time. The White House Correspondents’ Assoc…
Leer más »