The federal government is set to give a bailout to industries hardest hit by the coronavirus pandemic, from airlines to tourism.
A bailout is not strictly free money from the government, and could come in the form of loans or grants with limitations.
Here’s what a bailout is, what could be included in the one to address the coronavirus fallout, and a look at past bailouts in the US.
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What a bailout is — and isn’t
A government-funded bailout is more complex than just free money from the government. The bailout, while still being negotiated, is likely to give financial assistance to major corporations, small business, and individuals alike.
The bailout will likely include grants — money not to be paid back — to corporations, as well as checks to Americans to help boost the economy.
It is also set to include loans to be repaid by businesses after they bounce back from the economic fallout.
The grants are also likely to come with some strings attached, such as limits on executive compensation or stock buybacks for the companies benefiting from the bailout.
What could be included in the bailout
Democrats and Republicans in the Senate have struggled …read more
Source:: Businessinsider – Technology