3/27, 2:07 PM (Source: TeleTrader)
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Mnuchin says Boeing opts not to use federal aid

United States Treasury Secretary Steven Mnuchin asserted on Friday that Boeing doesn't intend to use the federal money amid the coronavirus crisis, adding that a $2 trillion economic stimulus adopted by US Senate is not an airline bailout.

In an interview with Fox, Mnuchin announced that the Trump administration will come up with a new "incredibly aggressive" lending program for banks as the US citizens "need that money now and can't wait for the government to take three or four or six months."

"The number one issue is not what the economic numbers are right now, the number one issue is the hardship of American people who are losing their jobs," the secretary stressed.

Breaking the News / GA