Trump Officials Pressured Treasury To Approve $700 Million Loan For Trucking Company After It Was Deemed Ineligible

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Former President Donald Trump may have “intervened” to push for the loan to garner praise from a union leader months before the presidential election, the report alleges.

—which the House Select Subcommittee On The Coronavirus Crisis titled, “We Had Our Hand in the Cookie Jar’—shows that YRC Worldwide, received 95% of the total funds allocated through the Coronavirus Aid, Relief and Economic Security Act national security program.

A week after the call in late June 2020, Esper in July certified the company as critical to national security and the loan was approved. The discussion suggests Trump may have “intervened to press for Yellow’s receipt of the $700 million national security loan” so he could garner “praise from a union leader months before the presidential election,” the report states.

 

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