House subcommittee claims Yellow may have improperly obtained and used $700M COVID loan

House subcommittee claims Yellow may have improperly obtained and used $700M COVID loan

Yellow Corp.’s $700 million coronavirus loan issued under the Trump administration came under scrutiny this week by a Democrat-led initiative in the House that’s seeking to determine if the money was issued and used properly. The Select Subcommittee on the Coronavirus Crisis announced Wednesday that its chairman, Rep. James E. Clyburn (D-South Carolina), has requested Trump…