Congress appropriated $500 billion to the Treasury under the Cares Act. $454 billion is to cover losses on Fed lending programs and the other $46 billion for airlines or businesses critical to national security 1/
Treasury committed $195 billion of the former slug of equity but hasn’t allocated the other $259 billion wsj.com/articles/454-b…
Of the second slug (the $46 billion) $17 billion must go to companies critical to national security. Of that, Treasury has made one $700 million loan, making for $16.3 billion that hasn’t been committed in addition to the $259 billion toomey.senate.gov/files/document…
And that leaves a final $29 billion for airlines and cargo carriers, none of which had been committed as of June toomey.senate.gov/files/document… 4/4
