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Top Democrats Press Treasury to Accelerate Airline Bailout [The New York Times]

PJT Partners Inc. Class A (PJT) 
Last pjt partners inc. class a earnings: 4/28 06:50 am Check Earnings Report
WASHINGTON — Top Democratic lawmakers have urged Treasury Secretary Steven Mnuchin to quickly provide American airlines with direct payroll assistance and to avoid insisting on overly restrictive terms that could deter companies from taking the money.Major airlines began submitting their applications for government support to the Treasury Department on Friday but there is growing concern within the industry that Mr. Mnuchin will demand strict terms to ensure that taxpayers are compensated, such as large equity stakes in the companies. Some of the airlines, which have seen demand plummet as the coronavirus pandemic has stalled global travel, arewary of giving the government too much controlDemocrats fear that if Mr. Mnuchin drives too hard of a bargain, airlines will balk and lay off more workers. In a letter to Mr. Mnuchin that was dated April 3, Senator Chuck Schumer of New York, the Democratic leader, and Speaker Nancy Pelosi warned that it would not be in the public interest if the Show less Read more
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