The Treasury's Assistance to the Airline Industry and National Security Businesses During the COVID-19 Pandemic

Congressional Budget Office

No 62264, Reports from Congressional Budget Office

Abstract: During the COVID-19 pandemic, lawmakers enacted legislation to stabilize the airline industry in response to a sharp and widespread decline in air travel. That legislation authorized the Treasury to provide broad-based assistance through two programs: grants to support payrolls and a credit program to support air carriers, related businesses, and businesses critical to national security. The Treasury was given discretion in setting compensation for the government, which was subsidizing those grants and loans.

JEL-codes: G00 H50 H81 H83 (search for similar items in EconPapers)
Date: 2026-06-25
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