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.

How long are airlines expected to pay their employees with the assistance provided?

What is the purpose of the $10 billion allocated by the Transportation Department?