One of the sticking points has been Amico’s request to restructure a $700 million CARES Act loan repayment, which helped keep the trucking giant afloat during the pandemic. The U.S. Department of Treasury says their hands are tied.
“The loan in question was made during the prior Administration, and Treasury is one of several creditors taking part in the bankruptcy process. We will continue to work to ensure taxpayers, and impacted workers and their families are treated fairly.” Ashley Schapitl, Treasury Spokesperson, told CNBC.
After giving 160 billion to Ukraine, and wanting to give Iran 6 billion as if money was no object. A 700 million dollar loan to save 22,000 American jobs seems like small potatoes. With Joe Biden pushing his Bidenomics agenda and the Yellow demise and the Jack Cooper/Next Century lifeline seeming to fall right into line with that scope, I'm not so sure The US Treasury wouldn't have had a different take on things had that loan not come from the Trump administration. I am curious what you all think?
“The loan in question was made during the prior Administration, and Treasury is one of several creditors taking part in the bankruptcy process. We will continue to work to ensure taxpayers, and impacted workers and their families are treated fairly.” Ashley Schapitl, Treasury Spokesperson, told CNBC.
After giving 160 billion to Ukraine, and wanting to give Iran 6 billion as if money was no object. A 700 million dollar loan to save 22,000 American jobs seems like small potatoes. With Joe Biden pushing his Bidenomics agenda and the Yellow demise and the Jack Cooper/Next Century lifeline seeming to fall right into line with that scope, I'm not so sure The US Treasury wouldn't have had a different take on things had that loan not come from the Trump administration. I am curious what you all think?
