U.S. Treasury Secretary Steven Mnuchin may take another look at the $17 billion in COVID-19 aid currently allocated for companies important to national security, Reuters reported.
“We’re first processing the existing requests,” Mnuchin told reporters on a video call, the news agency reported. “If for whatever reason we don’t have enough demand, we may go back to Congress and reauthorize that for other areas.”
Mnuchin also told reporters that he wanted to confirm the aid would be used for national security purposes, according to the news agency.
A “large number of applications” for national security loans are under review, Mnuchin said, but he did not name any specific companies.
The Treasury Department thought Boeing would need funds from the program, but that company raised $25 billion in private markets instead, Mnuchin said.
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