(Bloomberg) -- The Trump administration wants the 12 largest U.S. airlines to repay a portion of the federal grants they receive to cover their payrolls during the coronavirus crisis.The large carriers, which are set to receive more than $100 million in payroll assistance, are being offered aid packages that would require them to repay 30% of the grants through low-interest loans due within five years, two people familiar with the offers said.Treasury Secretary Steven Mnuchin began making calls to airlines with the terms on Friday after a flurry of lobbying to speed the process of disbursing money from the $2 trillion virus aid legislation finalized on March 27. The people asked not to be named to discuss the offers that haven’t been made public.Airlines receiving $100 million or less in payroll assistance from the government won’t need to provide a financial stake or pay compensation, the Treasury Department said Friday evening...
Apr.10 -- Congresswoman Maxine Waters, a Democrat from California, discusses the debate over boosting aid to small businesses, economic stimulus, and the Federal Reserve. She speaks with Bloomberg's Kevin Cirilli on "Bloomberg Markets: The Close." (This interview aired April 9, 2019.)...
