Trump Admin Gave Trump-Linked Outfit $700M Loan

The New York Times reports:

Democratic lawmakers on Wednesday released a report alleging that top Trump administration officials awarded a $700 million pandemic relief loan to a struggling trucking company in 2020 over the objections of career officials at the Defense Department.

The report, released by the Democratic staff of the House Select Subcommittee on the Coronavirus Crisis, describes the role of corporate lobbyists during the early months of the pandemic in helping to secure government funds as trillions of dollars of relief money were being pumped into the economy.

It also suggests that senior officials such as Steven Mnuchin, the former Treasury secretary, and Mark T. Esper, the former defense secretary, intervened to ensure that the trucking company, Yellow Corporation, received special treatment despite concerns about its eligibility to receive relief funds.

Read the full article.

The company reportedly had “close ties” to the Trump administration even after agreeing to pay nearly $7 million to resolve a DOJ lawsuit for allegedly overcharging the Pentagon. A lawyer for the company was once Trump’s personal attorney. Hit the link, there’s much more. Spoiler: Meadows had a hand in this, too.