Loan

According to an email released Wednesday by the Congressional Oversight Committee, the financially strapped trucking company received support from the Trump White House in 2020. Yellow Corporation gave the Treasury Department a 30% stake as a condition for the $ 700 million loan, which came from funds earmarked by Congress for companies "critical to national security." Debt critics, who have accused Republicans and Democrats of overseeing relief funds, have argued that the Pentagon and Treasury have extended the term of Yellow, formerly known as the YRC, to several competitors in the trolling market. Congressional investigators on the Democratic-led selection committee on the coronavirus crisis, who issued the email, are now asking the National Archives and Records administration to...

WASHINGTON - The promise of a public service debt waiver program was supposed to be simple. If college graduates are willing to leave the lucrative salary in the private sector to work as teachers and police officers or government employees, any of their federal student loans will be waived after 10 years of payment. The program has proven nothing but forgiveness. More than a decade after it was founded in 2007, thousands of borrowers have applied for the waiver. The federal government has denied almost all of them. That should change since this fall. The Department of Education on Wednesday announced a major overhaul of the debt waiver program that would quickly eliminate ,000 1.7 billion in debt from 22,000 borrowers. The government estimates that about ,000 2.8 billion in d...

The troubled trucking company had the Trump White House backing the epidemic loan, emails show

Student loan waiver: half a million people to benefit from the repairs, some immediately