Yellow | Congressional report: Yellow didn’t qualify for COVID-19 bailout loan

[Jeff]

Congressional report: Yellow didn’t qualify for COVID-19 bailout loan

Yellow Corp. didn’t qualify for its 2020 bailout loan, a congressional report says. Meanwhile, it battles the Teamsters and bankruptcy looms.

landline.media

 

[Jaloc]

"Instead, a loosely defined “catch-all provision” created by the Treasury Department under Secretary Mark Esper was used to approve the loan."

Mark Esper was Secretary of Defense nothing to do with the Treasury Department. If our current Secretary of Defense Llyod Austin has authorization to give out Emergency Supplemental money for Ukraine, then Esper had the same power he decides what's critical to National Security not Congress.