June 24, 2022

US Businesses Seek $2 Trillion in Bailouts Due to COVID-19

US Businesses Seek $2 Trillion
in Bailouts Due to COVID-19 From major airlines to Amtrak and
the Native American Gaming Industry, U.S. businesses are seeking financial help
from the federal government and
President Trump due to the global pandemic. The biggest request may come from the
National Association of Manufacturers,
which wants $1.4 trillion in loans. According to Reuters, American airports are
asking for $10 billion, while airlines are
looking for $50 billion. Due to a decrease in riders and
bookings, Amtrak is seeking $1 billion. The restaurant industry, which has been hit hard
by COVID-19, wants a $455 billion package. $250 billion in aid is also being discussed by
leaders in the hotel and travel industry. That same amount is being asked for
by the U.S. Conference of Mayors, who want the money to
help stop the spread
of COVID-19 in
their respective cities.

View at DailyMotion

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