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This Firm Settled a Federal Fraud Suit—Then Got a $45 Million Bailout
On April 15, the Department of Justice announced that it had reached a $41 million settlement with two Florida healthcare providers— and two of its former executives over fraudulent billing claims. This quartet, the government alleged, had for half a decade asked patients to undergo unnecessary urine drug tests solely for the purpose of getting reimbursements under Medicare and Medicaid.
Trump administration won’t say who got $511 billion in taxpayer-backed coronavirus loans
Watchdog Demands Probe After Energy Secretary Admits WH Pressed Fed to Give Oil Companies Access to Covid-19 Funds
A watchdog on the congressional committee tasked with overseeing the Trump administration's handling of Covid-19 bailout funds demanded an investigation Tuesday after Energy Secretary Dan Brouillette openly admitted in a television appearance that the White House pressed the Federal Reserve to alter one of its lending programs for the benefit of fossil fuel companies.
Big companies are paying shareholders dividends and laying off thousands of workers
Since the coronavirus pandemic was declared, Caterpillar has suspended operations at two plants and a foundry, Levi Strauss has closed stores, and toolmaker Stanley Black & Decker is planning layoffs and furlough. While thousands of their workers are filing for unemployment benefits, these companies rewarded their shareholders with more than $700 million in cash dividends
Small Business Administration funds to public companies top $1 billion
McConnell takes flak after suggesting bankruptcy for states rather than bailouts
Trump announces cutoff of new funding for the World Health Organization over pandemic response
President Trump announced Tuesday that he will suspend payments to the World Health Organization in response to the United Nations agency’s handling of the coronavirus pandemic, as the organization is in the midst of combating a global outbreak that has killed thousands and crippled world economies. Trump’s announcement was expected, as he seeks to deflect blame for his early dismissal of the virus as a threat to Americans and the U.S. economy.