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Mnuchin Indicates U.S. to Take Stakes in Airlines in Exchange for Grants

WSJ Original article ›
LyrArc Article Gist
The details of a $2 trillion rescue package for business, the economy and households which was passed in the U.S. Congress. The U.S. government plans to take stakes in airlines in return for assistance. Some of the aid $25 billion is in the form of direct grants and some $25 billion in the form of loans.

This is how it breaks down in the legislative text as shown in WSJ.

To keep businesses open and from laying off employees- $454 billion loans for large companies, and $349 billion for small business loans.

Safety net for families. Payments directly to households $301 billion. Unemployment insurance payments $250 billion.

Support for the public health systems in states, and private health systems to tackle the health crisis and meet new needs of $117 billion.

Aid to states  $150 billion

To maintain flow of goods. Direct grants to cargo carriers and airlines of $29 billion.

Other $198 billion.

 

 



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