Latest Government aid for industry News

Federal Reserve Board Chairman Jerome Powell, left, and Treasury Secretary Stephen Mnuchin, bump elbows at the conclusion of a House Committee on Financial Services hearing on oversight of the Treasury Department and Federal Reserve pandemic response, Tuesday, June 30, 2020 on Capitol Hill in Washington.  (Tasos Katopodis/Pool via AP)

Congress extends relief program for COVID-slammed businesses

Jul. 1, 2020 8:35 PM EDT

WASHINGTON (AP) — The House on Wednesday easily passed a temporary extension of a subsidy program for small businesses slammed by the coronavirus, speeding the measure to President Donald Trump. Approval by voice vote without debate came after Democrats pushed the legislation through the GOP-controlled...

Residents wearing masks to curb the spread of the coronavirus past by a Huawei shop in Beijing on Friday, June 5, 2020. China on Wednesday demanded Washington stop

China: US 'oppressing Chinese companies' in new Huawei move

Jul. 1, 2020 5:46 AM EDT

BEIJING (AP) — China on Wednesday demanded Washington stop “oppressing Chinese companies” after U.S. regulators declared telecom equipment suppliers Huawei and ZTE to be national security threats. The Federal Communications Commission on Tuesday blocked the Chinese vendors from receiving...

Senate extends small business coronavirus relief program

Jun. 30, 2020 9:24 PM EDT

WASHINGTON (AP) — Democrats drove a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate late Tuesday, an unexpected development that came as spikes in coronavirus cases in many states are causing renewed shutdowns of bars and other businesses. The move by...

Appeals court panel weighs Wilmington Trust convictions

Jun. 30, 2020 6:41 PM EDT

DOVER, Del. (AP) — Attorneys representing former executives for the only financial institution to be criminally charged in connection with the federal bank bailout program have asked a federal appeals court panel to overturn their convictions. Defense attorneys argued Tuesday that prosecutors had failed to...

Missouri high court says state must pay Planned Parenthood

Jun. 30, 2020 4:14 PM EDT

COLUMBIA, Mo. (AP) — The Missouri Supreme Court on Tuesday ruled that lawmakers violated the state constitution when they tried to end all government funding of Planned Parenthood. The 6-1 ruling scraps a provision in a state budget law forbidding Medicaid reimbursements to any Planned Parenthood clinic,...

FILE - In this file photo dated Aug. 21, 2019, a KLM passenger plane approaches for landing at Lisbon airport. The Dutch government announced Friday, June 26, 2020 that it will throw national carrier KLM a 3.4 billion euro ($3.81 billion)  lifeline to help the airline survive the aviation slump caused by the coronavirus pandemic. (AP Photo/Armando Franca, File)

Dutch minister throws carrier KLM 3.4 billion euro lifeline

Jun. 26, 2020 3:26 AM EDT

THE HAGUE, Netherlands (AP) — The Dutch government announced Friday that it will throw national carrier KLM a 3.4 billion-euro ($3.81 billion) lifeline to help the airline survive the aviation slump caused by the coronavirus pandemic. Finance Minister Wopke Hoekstra said the support package is made up of a...

The setting sun illuminates the tail fin of a Lufthansa aircraft at the airport in Frankfurt, Germany, Tuesday, June 23, 2020. The German airline Lufthansa will hold its annual shareholders meeting on Thursday. (AP Photo/Michael Probst)

Lufthansa shareholders approve German rescue package

Jun. 25, 2020 1:10 PM EDT

FRANKFURT, Germany (AP) — Lufthansa shareholders approved a 9 billion-euro ($11 billion) rescue package Thursday that will see the German government take a 20% stake after management told them the airline was running out of money and faced years of reduced demand for air travel. Shareholders gave the...

Part of a car caravan of postal employees has a sign on it asking Congress to approve emergency funding for the Postal Service, Tuesday, June 23, 2020, on Capitol Hill in Washington. The U.S. Postal Service’s famous motto — “Neither snow nor rain nor heat nor gloom of night stays these couriers” — is being tested like never before, by challenges that go well beyond the weather. Its finances have been devastated by the coronavirus. (AP Photo/Jacquelyn Martin)

Mail-in ballots thrust Postal Service into presidential race

Jun. 25, 2020 11:06 AM EDT

WASHINGTON (AP) — The U.S. Postal Service's famous motto — "Neither snow nor rain nor heat nor gloom of night stays these couriers” — is being tested like never before, by challenges that go well beyond the weather. The coronavirus has devastated its finances. The Trump administration...

FILE - In this June 23, 2020, file photo orange barriers enclose chairs and tables that will be used for dining along Sixth Street between Liberty and Penn avenues in downtown Pittsburgh. A report by Moody’s Analytics, a private sector economic research firm, released Wednesday, June 24, is warning anew of continuing damage to the economy if Washington doesn’t deliver several hundred billion dollars in budget relief to states and local governments amid the coronavirus pandemic. (AP Photo/Gene J. Puskar, File)

Report: State, local aid needed to avert 4 million layoffs

Jun. 24, 2020 6:38 PM EDT

WASHINGTON (AP) — A new private sector report is warning anew of continuing damage to the economy if Washington doesn’t deliver several hundred billion dollars in budget relief to states and local governments amid the coronavirus pandemic. But Wednesday’s report by Moody’s Analytics, a...

President Donald Trump listens during a news conference with Polish President Andrzej Duda in the Rose Garden of the White House, Wednesday, June 24, 2020, in Washington. (AP Photo/Evan Vucci)

Trump signs memo to aid US lobster industry

Jun. 24, 2020 6:20 PM EDT

WASHINGTON (AP) — President Donald Trump is directing the Department of Agriculture to provide U.S. lobster fishermen with financial assistance to make up for lost income from Chinese tariffs. White House trade adviser Peter Navarro said Trump signed a memorandum Wednesday calling on the agency to make...