Treasury Secretary Steven Mnuchin Backs $20 Billion Government Aid for US Airlines Payroll

US Treasury Secretary Steven Mnuchin said at a House hearing on Wednesday afternoon that he backs another $20 billion in additional government payroll support for US airlines.

US Treasury Secretary Steven Mnuchin said at a House hearing on Wednesday afternoon that he backs another $20 billion 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. A bipartisan proposal released on Tuesday called for $17 billion in payroll support for airlines to extend the program for four months.

In October, United Airlines and American Airlines furloughed more than 32,000 workers after a prior $25 billion payroll assistance program expired. 

Airlines spent months seeking a new bailout and have won overwhelming support in the House of Representatives, but lawmakers have been reluctant to support airlines, while other transportation modes like buses, transit and rail railroad Amtrak are also seeking emergency aid.

Mnuchin also said during the House hearing he backed aid for the struggling private motorcoach industry. The bipartisan proposal released Tuesday would extend $8 billion to bus companies.


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