As the coronavirus pandemic threatens to bring U.S. economic activity to a halt, American businesses are jockeying for a financial lifeline from President Donald Trump's administration and Congress.
Here is a look at requests to federal or state lawmakers for aid to offset the economic fallout of the coronavirus.The National Association of Manufacturers called for the federal government to create a resiliency fund that would include US$1.4 trillion in loans to help manufacturers and small businesses. The fund would help protect the financial security of the almost 13 million workers in the industry, the group said in a statement on Wednesday.A U.S.
The U.S. planemaker has told lawmakers it needs significant government support to meet liquidity needs and it cannot raise that in current market conditions, people briefed on the matter said.Major U.S. airlines sought a government bailout of more than US$50 billion in the wake of the steep falloff in U.S. travel demand sparked by the coronavirus outbreak.
U.S. airports are seeking US$10 billion in federal assistance to help offset losses incurred by the sharp drop in travel due to coronavirus, two people briefed on the matter said.The Native American gaming industry on Tuesday requested US$18 billion in U.S. federal aid as it shut casinos that are the sole source of commercial revenue for dozens of tribes in a bid to slow the spread of the coronavirus.
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