U.S. Airlines, Treasury Department Reach Agreement On Coronavirus Aid

The video discusses the allocation of federal assistance amid the COVID-19 pandemic. Treasury Secretary Steven Mnuchin announced that major airlines, including American Airlines, Southwest, and JetBlue, will accept government funding as part of a $2 trillion relief package. This package provides grants and low-interest loans to help airlines pay employees through September. Additionally, the Transportation Department will allocate $10 billion in emergency resources to support US airports despite reduced passenger traffic.

Who announced the acceptance of government funding by major airlines?

• Federal Reserve Chair Jerome Powell

• Treasury Secretary Steven Mnuchin

• President Donald Trump

• Transportation Secretary Elaine Chao

What is the total value of the coronavirus relief package mentioned?

• $4 trillion

• $3 trillion

• $2 trillion

• $1 trillion

Which of the following airlines accepted the relief package?

• Delta Airlines

• American Airlines

• Spirit Airlines

• United Airlines

What is the purpose of the grants and loans provided to airlines?

• To expand their fleet

• To reduce ticket prices

• To open new routes

• To pay their employees

How much emergency funding was allocated to US airports?

• $5 billion

• $20 billion

• $10 billion

• $15 billion