Republican U.S. Sen. Scott blasts proposed industry bailouts

Reuters| Washington | United States

Updated: 18-03-2020 22:39 IST | Created: 18-03-2020 21:41 IST

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Republican Senator Rick Scott on Wednesday warned that he would not support bailouts for large U.S. companies in response to the coronavirus crisis and called on Washington to take a range of steps including expanded unemployment insurance.

In an opinion piece written for Fox Business, Scott said, "Let me be clear: We should not bail out large corporations that have enjoyed years of growth and prosperity. I won't support it." His remarks came after the Trump administration has proposed helping U.S. commercial airliners.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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