Mnuchin also told CNBC in an interview that not all of the airlines that signed Treasury loan agreements will need to access those loans, as they may be able to meet their financing needs in private financial markets.
Despite United Airlines’ decision on Wednesday to notify 36,000 employees of potential furloughs, Mnuchin said he believed most airlines wanted to keep as many staff as possible, and healthy airlines were needed to aid the U.S. economic recovery. Regarding the future of the $660 billion Paycheck Protection Program, Mnuchin said any extension of the program for more funding “is going to be much more targeted to the businesses that really need this money and the smaller businesses.” Previously, he said the travel, hospitality and restaurant sectors would likely need more aid as they struggle to reopen.
Treasury plans to review all PPP loans of $2 million or more to determine whether they should be forgiven, but Mnuchin said “the vast majority” of these loans would meet the test for forgiveness. Any extension of enhanced unemployment benefits would be capped at 100% or less of workers’ pay at the jobs from which they were laid off, giving people incentives to return to work, Mnuchin said.Our Standards:
Everyone seems worried they will line their pockets with sending checks to their friends and own businesses. Its not even that complicated or dramatic. Its just BRRRRRRRRR. If you are in charge of the BRRR -- you just long everything and then flip the switch. EZ
Thief
They're going to slap another multibillion-dollar tax cut for rich people like they did for rich real estate developers in the last one.
Then more dollars will be printed, coming after even higher covid-19 infected cases, thanks to BLM protesters and MAGA rallies.
Weird but good! Now's the time to push your members of congress to pass a PeoplesStimulus bill.
Of Course he does, they think if they had direct payments with trumps 'name' on them realDonaldTrump can buy votes.
Directly into his own bank account and those of his friends.
Previous payments weren’t direct enough for millionaires.
This dude and his fancy wife are probably done as well. Stevenmnuchin1
I thought republicans hate socialism. LoL
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