Here's what you need to know about the $1.8 trillion coronavirus bailout everyone keeps talking about
A government-funded bailout is more complex than just free money from the government. The bailout, while still being negotiated, is likely to give financial assistance to major corporations, small business, and individuals alike.
The grants are also likely to come with some strings attached, such as limits on executive compensation or stock buybacks for the companies benefiting from the bailout. Democrats and Republicans in the Senate have struggled to agree exactly on what the bailout — which is set to cost the government more than $1.8 trillion — should include.
The airline industry has received criticism for asking for financial help even though many of the industry's largest companies, such as American Airlines, Delta Air Lines and United Airlines,The restaurant industry is asking for help as many restaurants around the country have been forced to close and lay off employees. The National Restaurant Associationfor a $145 billion recovery fund to pay employees and maintain financial obligations.
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