⭕ Breaking: The U.S. Treasury Department receives $556.7 million from auctioning warrants in 11 major airlines, obtained in exchange for COVID-19 assistance.

This is a small fraction of the $54 billion bailout provided in 2020 and 2021.

Airlines had to repay $14 billion, with Treasury receiving stock purchase warrants.

✈️💼 #USTreasury #Airlines #COVID19Relief #EconomicRecovery