), as well as Democrats such as Rep. Donna Shalala (Fla.) and Bharat Ramamurti, an aide to Sen. Elizabeth Warren (Mass.). The commission’s report highlights the challenge the Treasury Department faces in trying to swiftly disburse emergency federal aid to ailing businesses without providing bailout funding to undeserving companies. That facility has given only one $12 million loan, the commission report states. Mnuchin has defended the Treasury Department’s implementation of the bailout and the loan for YRC. The Washington Post previously reported that most defense contractors found the terms of the loans offered by the Treasury Department too onerous to apply for assistance.

Source: Washington Post July 20, 2020 17:26 UTC