President Donald Trump said on Thursday that airlines could receive details this weekend about the terms of a $32 billion payroll grant to offset the impact of the coronavirus outbreak, which sources told Reuters has received around 275 applicants.
"We'll be probably putting out a proposal and giving them some of the very powerful details over the weekend. It's moving along quickly. The airline business has been hit very hard," Trump said following a briefing with Treasury Secretary Steve Mnuchin.
"I think it's going to be a very acceptable package. It's a very big package," Trump said, noting it will be "good for the airlines." Under the $2.3 trillion CARES Act, passenger airlines are eligible for $25 billion in cash grants for payroll; cargo carriers can get $4 billion while airport contractors like caterers and airplane cleaners are eligible for $3 billion.
Earlier, Mnuchin told CNBC that the airline package would be the next "big thing we'll be rolling out" as part of the CARES Act, with preliminary information starting on Friday. "And it is our objective to make sure, as I've said, this is not a bailout, but that airlines have the liquidity to keep their workers in place," Mnuchin said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
White House Giving Reporters COVID-19 Tests Before Thursday’s Donald Trump Press BriefingThe White House will be giving coronavirus tests to reporters attending Thursday’s press briefing, a signal of concerns over exposure even after a series of social distancing measures have been put in place
Baca lebih lajut »
Donald Trump vows to 'look at' Joe Exotic's case after son sees hit Netflix showNetflix show Tiger King has gripped the world, and there could be a sequel after US President Donald Trump said he could pardon jailed star Joe Exotic
Baca lebih lajut »
What does Donald Trump want from America’s intelligence services?Donald Trump seems to want an intelligence community that is personally loyal to him, rather than analytical and independent
Baca lebih lajut »
Fact Check: Is Mail Ballot Fraud As Rampant As President Trump Says It Is?President Trump has argued that mail-in ballots are frequently fraudulent. While there is slightly more fraud in mail-voting than in-person voting, experts say, both can be done safely and securely. In all instances, election fraud is extremely rare.
Baca lebih lajut »
Stephen Colbert urges Donald Trump to 'grow up and do your damn job'Meanwhile, Jimmy Kimmel berated the president for pushing 'lupus pills and fishtanks chemicals' at every press conference he holds.
Baca lebih lajut »
Hey, President Trump, That's Dr. Birx—not 'Deborah'Both Dr. Birx and Dr. Faicu are world-renowned in their perspective fields and have earned medical degrees. So why does Fauci get the surname and Birx the first name treatment? You guessed it: sexism.
Baca lebih lajut »