White HHouse seeks to pass coronavirus aid, including for airlines and Boeing, ‘very quickly’
The Trump administration is seeking to “very quickly” pass an aid package for industries hurt by coronavirus, including airlines, Treasury Secretary Steven Mnuchin said Tuesday. Mnuchin is discussing the plan with lawmakers Tuesday afternoon. “This is worse than 9/11 for the airline industry,” he said at a news briefing. “They are almost ground to a halt.” U.S. airlines are seeking more than $50 billion in government assistance to combat the collapse in air travel demand as the virus spreads and governments take drastic steps, including a recommendation to avoid nonessential travel, to stem the disease’s spread. That has put the travel and aviation industries at the epicenter of the crisis. The latest Business News : breaking personal finance, company, financial and economic news, plus insight and analysis into UK and global markets. Mnuchin said he spoke with U.S. airline CEOs this week. The Trump administration has been seeking an $850 billion stimulu