April 1, 2020 / 4:31 PM / 3 months ago

Pelosi urges U.S. Treasury not to delay $25 billion in grants to airlines

FILE PHOTO: U.S. House Speaker Nancy Pelosi (D-CA) speaks during a signing ceremony after the House of Representatives approved a $2.2 trillion coronavirus aid package at the U.S. Capitol in Washington, U.S., March 27, 2020. REUTERS/Tom Brenner

WASHINGTON (Reuters) - U.S. House Speaker Nancy Pelosi urged the U.S. Treasury on Wednesday not to hold up $25 billion in cash grants approved by Congress last week to airlines for payroll costs.

“We do want them to honor what our conversation was, which is this just a stopping off point for the check. It goes to the airline and directly to the employee,” Pelosi told reporters. A major aviation union and some airline officials are concerned the U.S. Treasury will demand too much in warrants or equity as a condition of the grants for airline payroll costs.

Reporting by David Shepardson; Editing by Chizu Nomiyama

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