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Coronavirus Aid, Relief, and Economic Security (CARES) Act

Small energy players lean on taxpayers and Wall Street for coronavirus aid

Small energy players lean on taxpayers and Wall Street for coronavirus aid

By: Devika Krishna Kumar, Tim McLaughlin
Source: Reuters
Date of Publication: October 5th, 2020
Several publicly traded energy companies took millions of dollars in U.S. taxpayer-funded loans to support their businesses even as those firms had access to other ways to generate cash, according to a Reuters analysis of U.S. Securities and Exchange Commission and other government data.
Pelosi asks airlines to pause furloughs, vowing additional aid, but no deal yet

Pelosi asks airlines to pause furloughs, vowing additional aid, but no deal yet

By: Leslie Josephs
Source: CNBC
Date of Publication: October 2nd, 2020
Pelosi said the additional aid could be a standalone bill or part of a broader coronavirus package.
Top U.S. airlines starting 32,000 furloughs as bailout hopes fade

Top U.S. airlines starting 32,000 furloughs as bailout hopes fade

By: Tracy Rucinski, David Shepardson
Source: Reuters
Date of Publication: September 30th, 2020
American Airlines and United Airlines, two of the largest U.S. carriers, said they were beginning furloughs of over 32,000 workers on Thursday as hopes faded for a last-minute bailout from Washington.
Coronavirus_ Airline CEOs meet with White House in plea for more federal aid

Airline CEOs meet with White House in last-minute plea for more coronavirus aid

By: Leslie Josephs
Source: CNBC
Date of Publication: September 17th, 2020
Airline CEOs and unions are seeking another $25 billion in federal aid to preserve jobs through March.
Americans Keep Spending, but Growth of Retail Sales Slows - The New York Times

Americans Keep Spending, but Growth of Retail Sales Slows

By: Michael Corkery and Sapna Maheshwari
Source: The New York Times
Date of Publication: September 16th, 2020
Retail sales climbed 0.6 percent in August, but the increase was smaller than in previous months, prompting concerns of a recovery that is running out of steam.
American Airlines, unions make new push to win government payroll assistance _ Reuters

American Airlines, unions make new push to win government payroll assistance

By: David Shepardson, Tracy Rucinski
Source: Reuters
Date of Publication: September 16th, 2020
American Airlines AAL.O Chief Executive Doug Parker and seven major airline unions on Wednesday made a new push to win additional government assistance to keep nearly 20,000 workers on the payroll past Oct. 1.
United Airlines will furlough 16,000 employees - CNN

United Airlines will furlough 16,000 employees

By: Pete Muntean, Gregory Wallace
Source: CNN
Date of Publication: September 2nd, 2020
With no air travel rebound or new federal help in sight, United Airlines says it will furlough about 20% of its frontline employees in less than a month's time.
American Airlines to Cut 19,000 Jobs by Oct. 1 When Federal Stimulus Ends - WSJ

American Airlines to Cut 19,000 Jobs by Oct. 1 When Federal Stimulus Ends

By: Alison Sider
Source: The Wall Street Journal
Date of Publication: August 25th, 2020
Airline to shrink workforce by 30% as pandemic continues to weigh heavily on travel demand.
Home Depot Braced for Covid Pain—Then Americans Remodeled - WSJ

Home Depot Braced for Covid Pain—Then Americans Remodeled

By: Sarah Nassauer
Source: The Wall Street Journal
Date of Publication: August 16th, 2020
After lobbying to be open, the big box scrambled to meet demand. Old benchmarks don’t apply, says CEO Craig Menear: ‘None of that has a correlation anymore.’
U.S. pandemic aid program saved 51.1 million jobs, but wealthy and connected also benefited

U.S. pandemic aid program saved 51.1 million jobs, but wealthy and connected also benefited

By: Michelle Price, David Lawder, Lawrence Delevingne
Source: Reuters
Date of Publication: July 6th, 2020
A high-profile pandemic aid program protected about 51.1 million American jobs, the Trump administration said on Monday, as it revealed how $521.4 billion in taxpayer cash was injected into small businesses but also into the pockets of the rich and famous.