Walmart returns $ 12.6 million worth of government loans, he never asked
The retail giant gives the federal aid it has received as a sales boom during the pandemic.
Walmart returns $ 12.6 million that he received unsolicited through theAct of care, Who is a fund created to help health care providers during the coronavirus pandemic.
The home residence guidelines - and the lock-ad almost at the national level - have made grocery stores one of the few remaining essential activities that each American must do to survive. As a result, Walmart saw aStrong sales increase In the last two months, and has even made good reasons to hire 200,000 new employees to help manage the business speaker.
So it seems curious to receive more than $ 12 million from the US government in federal aid. But, to be clear, it's not the money they have asked or applied to receive.
The Cares Act is the $ 2.1 billion bill adopted by the Congress and signed by President Donald Trump at the end of March. Walmart would have received cash money from $ 50 billion, which is distributed by health and human services.
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In a statement provided to Fox Business, Walmart has denied the request for support for a fund designed for health workers on front lines. "Walmart has not requested the support of the supplier's relief fund to cross this crisis", a Walmart spokesmantold Fox Business. "The Fund is intended to help hospitals and front-line doctors' providers, we quickly contacted the Department of Health and Human Services on disbursement and returned the funds."
Federal aid of the Cares Act has not been without a predictable controversy. At least seven national catering chains wereHonamed in return millions of dollars Pay check program designed for small businesses.
In asent At Secretary HHS Alex Azar and CMS Leader, the leader of Sema Verma last week, Walmart asked to be excluded from future disbursements. Fox Business reports that Bruce Harris, Walmart Vice President of Federal Government Affairs: "We recognize your automatic disbursement of funds with the additional payment of the Worcks Act. Respectfully, we would ask for detailed information on the process of falling payments, as will return these funds to HHS. "
Walmart is not immune to the challenges brought by the coronavirus epidemic and even had to deal withAn unjustified death right of the succession of a partner who succumbed to Covid-19. But the largest retailer in the world has instituted many policies to protect buyers and employees. Some have beenwell receivedWhile others?Not really.
In any case, Walmart is the last to refer the federal aid it was received, joining the tastes of these7 great restaurants that have also given millions of dollars.