Companies that provide services to airlines and airports laid off workers despite getting federal funding for payroll expenses, members of Congress wrote in a letter to Treasury Secretary Steven Mnuchin
Under the Cares Act, a broad $2.
2 trillion stimulus package passed in March, airline catering providers, security companies, ground handlers and cleaning services were allotted $3 billion to cover pay and benefits for workers through the end of September. In exchange, they were barred from furloughing or laying...
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The lure of free money—governments must bewareOur podcast on markets, the economy and business. Also this week: the cases for and against negative interest rates, and banking in the shadows
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