TV News LIES

Wednesday, Aug 05th

Last update12:16:42 AM GMT

You are here News Politics Treasury approves $700 million loan to company being sued for overcharging Pentagon

Treasury approves $700 million loan to company being sued for overcharging Pentagon

E-mail Print PDF
YRC Worldwide ygets $700m loan

The Treasury Department on Wednesday approved a $700 million loan to YRC Worldwide, a financially-troubled trucking company that is also being sued by the Defense Department (DOD) for overpricing shipping costs.

“We are pleased for Treasury to make this loan pursuant to the CARES Act,” Treasury Secretary Steven Mnuchin said in a statement. “This loan will enable a critical vendor to the Department of Defense to maintain significant employment while providing appropriate compensation to taxpayers.”

The CARES Act, just one of several pieces of coronavirus stimulus legislation, was passed by Congress and signed into law by President Trump in late March.

More...


Most Recent Related Stories...


Acting State Department watchdog resigns months after previous inspector general was fired

Stephen Akard resignsThe acting State Department watchdog Stephen Akard has resigned after serving in the role for less...

Trump sows confusion with tweet urging 'vote by mail' in Florida

Voting by mail Trump, who is trailing presumptive Democratic nominee Joe Biden in polls, has repeatedly warned in recent...

President Donald Trump calls NBA players kneeling during anthem 'disgraceful'

NBA players kneel. Called disgraceful by TrumpPresident Donald Trump characterized NBA players kneeling during the national anthem as "disgraceful." In a Wednesday morning...

‘Yo, Semites!’: Trump Struggles With National Park’s Name During Signing Ceremony

Trump fudged pronunciation of Yosemite President Donald Trump generated widespread mockery on Tuesday morning when he repeatedly flubbed the name of...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!