Trump donors among early recipients of coronavirus loans

Tuesday, 7 July 2020Newsdesk

As much as USD 273 million in federal coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to President Donald Trump's election efforts, according to an Associated Press analysis of federal data.

New Delhi, 07 July 2020

As per news report of PTI, many were among the first to be approved for a loan in early April, when the administration was struggling to launch the lending programme. And only eight businesses had to wait until early May before securing the aid, according to the AP's review of data released Monday. The Trump-connected companies obtained the aid through the Paycheck Protection Programme, which extends a lifeline to small businesses struggling to navigate the pandemic.

Source -PTI