The troubled trucking company had the Trump White House backing the epidemic loan, emails show
According to an email released Wednesday by the Congressional Oversight Committee, the financially strapped trucking company received support from the Trump White House in 2020.
Yellow Corporation gave the Treasury Department a 30% stake as a condition for the $ 700 million loan, which came from funds earmarked by Congress for companies "critical to national security." Debt critics, who have accused Republicans and Democrats of overseeing relief funds, have argued that the Pentagon and Treasury have extended the term of Yellow, formerly known as the YRC, to several competitors in the trolling market.
Congressional investigators on the Democratic-led selection committee on the coronavirus crisis, who issued the email, are now asking the National Archives and Records administration to...