President Trump said he supports prohibiting corporations that receive federal bailout money from buying back shares of their own stock.
But what DeFazio and his Democratic colleagues — along with some Republicans — don’t want is the kind of no-strings bailouts that would allow corporations to enrich themselves without benefit to workers. “It’s not just Democrats calling for conditions” on a corporate bailout, said the Senate aide. “It’s in the bloodstream on both sides.
the “biggest U.S. airlines spent 96 percent of free cash flow last decade on buying back their own shares.”Trump said he was opposed to allowing corporations to enrich themselves with federal aid without benefitting workers, who are now being laid off in various sectors of the economy. “People are coming in for money, in some cases through no fault of their own, but in some cases where they did certain things over the course of the years, including buying back stock,” he said. “Maybe I view that as a little bit different than somebody who didn’t, or somebody that built plants all over the United States, which there are plenty of them too.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Why Vice President Mike Pence Hasn't Been Tested for Coronavirus Though Trump Has“I’m in regular consultation with the White House physician, and he said I've not been exposed to anyone for any period of time that had the coronavirus, and that my wife and I have no symptoms,' Pence said Monday
Consulte Mais informação »
Trump is not the first president to try sending stimulus checks to AmericansProviding direct stimulus payments is not a novel idea. The last president to do so was former President George W. Bush, who mailed out checks during the recessions of 2001 and 2008 to mitigate economic pain.
Consulte Mais informação »
Government response updates: Trump calls himself a 'wartime president,' promises 'total victory'Pres. Trump announced more responses to coronavirus outbreak, invoking Defense Production Act, announcing suspension of evictions, and more. He later defended his use of the term 'Chinese virus,' which has sparked a backlash.
Consulte Mais informação »
President Trump Invokes Wartime Law The Defense Production Act—Here's What That DoesAt today's White House press briefing, President Trump said he would invoke the Defense Production Act of 1950 in response to the Covid-19 coronavirus pandemic—here's what that does: by MattRyanPerez
Consulte Mais informação »
Immigration Grinds To A Halt As President Trump Shuts BordersPresident Trump plans to seal off the U.S-Mexico border to migrants — a move that would allow the administration to quickly deport asylum-seekers and other migrants who cross the border illegally without due process.
Consulte Mais informação »