Latest Government aid for industry News

Governor backs petrochemical tax break bill in Pennsylvania

Jul. 14, 2020 1:19 PM EDT

HARRISBURG, Pa. (AP) — Gov. Tom Wolf said Tuesday that he supports legislation that extends millions of dollars in tax breaks to turn natural gas into fertilizer and other chemicals as it speeds through the Legislature after emerging from closed-door negotiations with top Republican lawmakers. Wolf, a...

Petrochemical tax break bill speeds through Senate

Jul. 13, 2020 7:01 PM EDT

HARRISBURG, Pa. (AP) — New legislation to extend millions of dollars in tax breaks to turn natural gas into fertilizer and other chemicals won approval in Pennsylvania's Senate on Monday, barely hours after the measure emerged from closed-door negotiations between Gov. Tom Wolf and top Republican...

Vetoed petrochemical tax break bill revived in Pennsylvania

Jul. 12, 2020 4:42 PM EDT

HARRISBURG, Pa. (AP) — Pennsylvania state lawmakers could vote on legislation this week that provides millions of dollars in tax breaks to turn natural gas into fertilizer and other chemicals, emerging from closed-door negotiations after Gov. Tom Wolf vetoed a similar bill earlier this year, officials...

FILE - In this Sunday, April 12, 2020 file photo, Cardinal Timothy Dolan, right, delivers his homily over mostly empty pews as he leads an Easter Mass at St. Patrick's Cathedral in New York. Due to coronavirus concerns, no congregants were allowed to attend the Mass which was broadcast live on local TV. The Archdiocese of New York received 15 loans worth at least $28 million just for its top executive offices. St. Patrick’s Cathedral on Fifth Avenue was approved for at least $1 million. (AP Photo/Seth Wenig)

AP: Catholic Church lobbied for taxpayer funds, got $1.4B

Jul. 10, 2020 1:04 PM EDT

NEW YORK (AP) — The U.S. Roman Catholic Church used a special and unprecedented exemption from federal rules to amass at least $1.4 billion in taxpayer-backed coronavirus aid, with many millions going to dioceses that have paid huge settlements or sought bankruptcy protection because of clergy sexual abuse...

British Chancellor of the Exchequer Rishi Sunak leaves number 11 Downing Street, to deliver a financial announcement to the Houses of Parliament in London, Wednesday, July 8, 2020. British Treasury chief Rishi Sunak on Wednesday is set to announce a 2-billion-pound ($2.5 billion) program to create jobs for young people as the government tries to revive an economy battered by the COVID-19 pandemic. (AP Photo/Matt Dunham)

UK gets creative: Job bonus and eating out schemes announced

Jul. 8, 2020 1:46 PM EDT

LONDON (AP) — The British government unveiled a raft of measures Wednesday it hopes will limit an anticipated spike in unemployment as a result of the coronavirus pandemic. Most noteworthy were a new bonus plan aimed at getting firms to retain workers that have been idle for months, as well as tax cuts for...

Vice President Mike Pence, left, greets Senior Pastor Dr. Robert Jeffress, right, after Pence spoke at the Southern Baptist megachurch First Baptist Dallas during a Celebrate Freedom Rally in Dallas, Sunday, June 28, 2020. (AP Photo/Tony Gutierrez)

Virus loans helped entities tied to Trump evangelical allies

Jul. 7, 2020 4:15 PM EDT

NEW YORK (AP) — Churches connected to President Donald Trump and other organizations linked to current or former Trump evangelical advisers received at least $17.3 million in loans from a federal rescue package designed to aid small businesses during the coronavirus pandemic. Those receiving loans include...

FILE - In this March 12, 2020, file photo, West Virginia Gov. Jim Justice speaks during a press conference at the State Capitol in Charleston, W.Va. Justice’s family companies received at least $6.3 million from a federal rescue package meant to keep small businesses afloat during the coronavirus pandemic. According to data released by the Treasury Department on Monday, July 6 at least six Justice family businesses received the Paycheck Protection Program loans.  (F. Brian Ferguson/Charleston Gazette-Mail via AP, File)

W.Va. governor's companies get millions in virus loans

Jul. 6, 2020 7:30 PM EDT

Billionaire West Virginia Gov. Jim Justice's family businesses received at least $11.1 million from a federal rescue package meant to keep small businesses afloat during the coronavirus pandemic, according to data released by the Treasury Department on Monday. Justice, a Republican, is considered to be West...

FILE - In this June 10, 2020 file photo, Jovita Carranza, Administrator of the Small Business Administration, testifies during a Senate Small Business and Entrepreneurship hearing to examine implementation of Title I of the CARES Act, on Capitol Hill in Washington. The Treasury Department said it is releasing on Monday, July 6 the names of more than 700,000 companies that received funds from the government’s small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak.  (Kevin Dietsch/Pool via AP, File)

The Latest: Financial firms among big relief fund recipients

Jul. 6, 2020 5:59 PM EDT

NEW YORK (AP) — The Latest on the Treasury decision to identify hundreds of thousands of businesses that received funding through the Paycheck Protection Program, created to preserve jobs at smaller businesses during the coronavirus pandemic: ___ The financial services industry received roughly $27 billion...

Israeli airline El Al reaches bailout deal with government

Jul. 6, 2020 1:44 PM EDT

TEL AVIV, Israel (AP) — Israeli airline El Al said Monday it had reached a bailout deal with the Israeli government that could lead to its nationalization after being crippled by the coronavirus pandemic. The airline had been in talks on a rescue package for weeks after suffering from the steep decline in...

FILE - In this Saturday, July 4, 2020 file photo, visitors wearing PPE stand apart as they view Irises, 1914-17, by Claude Monet, a the National Portrait Gallery, London, as it prepares to reopen following the easing of coronavirus lockdown restrictions across England. The British government has announced more than 1.5 billion pounds (almost $2 billion) to help the country’s renowned arts and cultural institutions recover from the coronavirus pandemic, after some theaters and music venues warned that without support they might never open again. (Victoria Jones/PA via AP, File)

UK's lockdown-hit arts venues to get $2B rescue package

Jul. 6, 2020 6:53 AM EDT

LONDON (AP) — The British government has announced more than 1.5 billion pounds (almost $2 billion) to help the country’s renowned arts and cultural institutions recover from the coronavirus pandemic, after some theaters and music venues warned that without support they might never open again. The...