Treasury Dept. utilizes CARES Act provision that provides loans designated for “industries critical to national security” $700 million to YRC Worldwide. Treasury received 29.6% equity stake. SecDef certified company was fit “critical to national security” standards@
FYI: IRS says *NO* #tax extension beyond 7/15 due to #COVID19 . "The Dept. of the Treasury and #IRS today announced the tax filing and payment deadline of July 15 will not be postponed." An automatic extension until Oct. 15 might be available. Here's how:
NYT 'breaking news': In rush to save economy, Treasury Dept sent out 1 million payments to dead people totaling $1.4 billion. Now tell me again how state govts mailing hundreds of millions of ballots to everyone on their voter rolls is going to result in zero fraud or abuse?
Take a moment for this story: -The Treasury Dept is totally depleted -So the bailout work has largely fallen to 1 man -He engaged in a “fake divestment” from his family investment firm -The bailout has been worth billions for his firm
Treasury Dept: US budget deficit widened to $1.067 trillion for the first 11 months of the fiscal year, an increase of 19% over this time last year.