The Treasury Department on Wednesday approved a $ 700 million loan to YRC Worldwide, a financially troubled trucking company that is also being sued by the Department of Defense (DOD) for overstating shipping costs. “We are pleased that the Treasury grants this loan in accordance with the CARES Law,” declared …
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An unnoticed rule issued by the Small Business Administration earlier in the pandemic allows agency employees, legislators, and other federal officials to bypass an ethics review that aims to avoid conflicts of interest. The exemption pertained to $ 659 billion Payment Protection Program (PPP) loans, a congressionally approved lending facility …
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More than 1 million people who died received coronavirus stimulation tests this year, according to a report by a government surveillance agency. Payments to nearly 1.1 million people totaled $ 1.4 billion, the Government Accountability Office revealed Thursday. Treasury Department officials said the CARES Act in late March ordered the …
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