Treasury chief backs $20b for US airlines payroll
US Treasury Secretary Steven Mnuchin said on Wednesday he backs another $20b in additional government payroll support for US airlines. “I think that would be very meaningful in terms of employment and saving the industry,” Mnuchin said at a House hearing. A bipartisan proposal released Tuesday called for $17b in payroll support for airlines to extend the program for four months. In October, American Airlines and United furloughed more than 32,000 workers after a prior $25b payroll assistance program expired. Airlines spent months seeking a new bailout and have won overwhelming support in the US Congress, but lawmakers have been reluctant to support airlines, while other transportation modes like transit, buses, and rail railroad Amtrak are also seeking emergency aid.<br/>
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Treasury chief backs $20b for US airlines payroll
US Treasury Secretary Steven Mnuchin said on Wednesday he backs another $20b in additional government payroll support for US airlines. “I think that would be very meaningful in terms of employment and saving the industry,” Mnuchin said at a House hearing. A bipartisan proposal released Tuesday called for $17b in payroll support for airlines to extend the program for four months. In October, American Airlines and United furloughed more than 32,000 workers after a prior $25b payroll assistance program expired. Airlines spent months seeking a new bailout and have won overwhelming support in the US Congress, but lawmakers have been reluctant to support airlines, while other transportation modes like transit, buses, and rail railroad Amtrak are also seeking emergency aid.<br/>
