The trucking company, which has filed for bankruptcy protection, owes more than $700 million to the Treasury Department.
Category: Defense Department
-
Yellow Trucking Company May Be Headed Toward Bankruptcy
Three years after receiving a pandemic relief loan, the trucking company Yellow has repaid little of the money and is warning that it could soon run out of cash.
-
Military Spending Emerges as Big Dispute in Debt-Limit Talks
President Biden has offered to freeze discretionary spending, including for defense. Republicans want to spend more for the military, and cut more elsewhere.
-
In a Sharp Reversal, Biden Opens a Path for Ukraine to Get Fighter Jets
The president told allied leaders that he would allow Ukrainian pilots to be trained on American-made F-16s, and is prepared to approve other countries’ transferring the jets to Ukraine.
-
Europe Plots a Diplomatic and Business Reset on China
President Emmanuel Macron of France and Ursula von der Leyen, President of the European Commission, arrived in China on Wednesday aiming to restart business and political ties.
-
What is in the CHIPS Act, Aimed at Childcare Expansion and National Security
The New York Times – Business:A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well
-
The CHIPS Act Is About More Than Chips: Here’s What’s in It
The New York Times – Business:A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well
-
Will This Device Protect Athletes’ Brains, or Only Make Them Think It Does?
The New York Times – Sports:More and more pro and college athletes are trying on the Q-Collar as they search for something, anything, that might keep their brains safe. But does it work?
-
A Long Road to Renewal for Former Military Bases
The New York Times – Business:Closed defense sites are like snowflakes in that no two are alike. The efforts to redevelop two New Jersey forts show the obstacles to revitalization.
-
Pentagon Divides Big Cloud-Computing Deal Among 4 Firms
The New York Times – Business:Contracts that could total $9 billion were awarded to Amazon, Google, Microsoft and Oracle. An earlier effort, won by Microsoft, was scrapped after rivals objected.
-
Touring Atomic New Mexico and the State’s Surrounding Attractions
The New York Times – Travel:The Southwestern state was central to the development of nuclear weapons. When the testing ground for the first detonation recently reopened for visitors, a writer decided to confront that difficult history.