"Yellow's Shutdown: Taxpayer Costs and Job Losses Loom as Major Freight Carrier Faces Bankruptcy"

1 min read
Source: The Wall Street Journal
"Yellow's Shutdown: Taxpayer Costs and Job Losses Loom as Major Freight Carrier Faces Bankruptcy"
Photo: The Wall Street Journal
TL;DR Summary

The shutdown of trucking giant Yellow could potentially cost taxpayers money due to the company's participation in a federal loan program that guarantees loans to small businesses. If Yellow defaults on its loans, the government may have to step in and cover the losses, potentially burdening taxpayers.

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