US Businesses Seek $2 Trillion in Bailouts Due to COVID-19

US Businesses Seek $2 Trillion in Bailouts Due to COVID-19

US Businesses Seek $2 Trillion br in Bailouts Due to COVID-19 From major airlines to Amtrak and br the Native American Gaming Industry, U.S. businesses are seeking financial help br from the federal government and br President Trump due to the global pandemic. The biggest request may come from the br National Association of Manufacturers, br which wants $1.4 trillion in loans. According to Reuters, American airports are br asking for $10 billion, while airlines are br looking for $50 billion. Due to a decrease in riders and br bookings, Amtrak is seeking $1 billion. The restaurant industry, which has been hit hard br by COVID-19, wants a $455 billion package. $250 billion in aid is also being discussed by br leaders in the hotel and travel industry. That same amount is being asked for br by the U.S. Conference of Mayors, who want the money to br help stop the spread br of COVID-19 in br their respective cities.


User: Wibbitz Top Stories

Views: 189

Uploaded: 2020-03-19

Duration: 01:13