Senate GOP coronavirus bill aides U.S. transit, airports but loans not cash for airlines

A Senate Republican coronavirus stimulus package would provide financial aid to ...

WASHINGTON/CHICAGO - A Senate Republican coronavirus stimulus package would provide financial aid to U.S. airports, transit systems and passenger railroad Amtrak, but $50 billion for struggling U.S. airlines would be a loan not a cash payout, according to a copy of the proposal seen by Reuters.

Amtrak has slashed service, while airports say they will lose at least $13.9 billion in 2020 and warn they could default on bond obligations. A spokeswoman for Airlines for America, a trade group representing major U.S. passenger and cargo carriers, said on Sunday that “direct financial assistance is needed immediately – other forms of liquidity are rapidly evaporating.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top Senate Republican sees Monday coronavirus vote, Pelosi plans own billU.S. lawmakers sent mixed signals on Sunday about whether they are near a deal o...
Read more »

Top Senate Republican sees Monday coronavirus vote, Pelosi plans own billU.S. lawmakers sent mixed signals on Sunday about whether they are near a deal on legislation to try to limit the economic toll of the coronavirus, with a Republican predicting a vote on Monday and a top Democrat saying she would introduce her own bill. "We will be introducing our own bill,&quot
Read more »

House members, Senate aides traded stocks in early days of coronavirusWhile Sens. Richard Burr and Kelly Loeffler sought to explain sales of stock, they weren’t the only elected officials to buy and sell stocks at key moments in the unfolding coronavirus crisis
Read more »

GOP Senator Kelly Loeffler denies any insider stock selloffs amid grilling from Fox News' Tucker CarlsonThe senator insisted she had nothing to do with February stock trades--which included the selling of several that were 'hammered' in the stock market due to coronavirus concerns.
Read more »

Coronavirus Stimulus Bill Snags As Five GOP Senators Enter Self-QuarantineAdding to the expected complications of passing one of the largest stimulus bills in U.S. history, on Sunday Kentucky Senator Rand Paul tested positive for the coronavirus
Read more »