BBG: US Treasury said to weigh safeguarding $17bn in aid for Boeing, GE

BLOOMBERG writes:

The Treasury Department is considering holding off on giving more companies access to an untapped US$17 billion relief fund for national security businesses in case Boeing Co. and General Electric Co. eventually need the money, according to people familiar with the matter.

The loan program was created under the US$2.2-trillion Cares Act with the two defence giants specifically in mind, according to Treasury Secretary Steven Mnuchin. But so far, both companies have taken a pass, saying they don’t need the ...