Senate minority leader Chuck Schumer secured a condition in the government’s $2 trillion coronavirus stimulus package that barred President Donald Trump’s businesses from receiving money.
Under the proviso, businesses owned by members of Congress, Vice President Mike Pence, and top members of the executive branch are also excluded from the bailout.
Trump owns a string of high-end hotels and golf resorts — and several of his businesses have been shuttered during the pandemic.
The aid package, agreed on by the White House and Senate on Tuesday, provides assistance to Americans laid off in the crisis and businesses struggling amid a sharp economic downturn.
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Democratic Senate minority leader Chuck Schumer secured an agreement in the $2 trillion federal coronavirus stimulus package that barred businesses owned by President Donald Trump, his family, top US officials, and members of Congress from receiving any money from the fund.
A spokesman for Schumer’s office told Reuters that under the proviso, businesses owned by Vice President Mike Pence and heads of the executive branch would also be barred from receiving Treasury department loans and investments in the aid program.
The Senate and White House on Tuesday …read more
Source:: Businessinsider – Politics