The administration of United States President Donald Trump is supposedly planning to send billions of dollars in bailout payments for farmers in the next couple of weeks, using assets from the US Department of Agriculture (USDA), Politico reported on Thursday.
The news platform cited sources familiar with the matter, saying that officials from the administration and the US Treasury Department are currently assessing how to use tariff funding or other assets to compensate for the USDA's Commodity Credit Corporation fund. Politico also shared that Trump's officials are considering the exact amount for the first rollout of payments. Meanwhile, the Wall Street Journal reported that the president and his team are considering funding of $10 billion to $14 billion.
Furthermore, Trump stated yesterday that his administration will use the direct income from tariffs in order to fund bailouts, which would need prior approval from Congress.
https://breakingthenews.net/Article/Trump-said-to-plan-taxpayer-funded-bailouts-for-farmers/64919205
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