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Yellow bankruptcy: Treasury’s $700 million pandemic loan is ‘undercollateralized,’ congressman warns

Por: MarketWatch Politics August 11, 2023

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The $700 million bailout was made under the CARES Act during the COVID-19 pandemic. The Treasury Department’s  of the loan transaction described YRC Worldwide, as Yellow was then known, as “a leading provider of Department of Defense supply transportation and other delivery services for the U.S. Government.” Hill, a Republican who is currently the sole member of the Congressional Oversight Commission, has been a vocal critic of the loan.... + full article



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