Bailout

Kennedy Center Axes National Symphony Orchestra Staff After Receiving $25 Million in Stimulus Funds

Staff laid off days after musicians were informed bailout wouldn't cover their paychecks

Kennedy Center

The John F. Kennedy Center for the Performing Arts on Tuesday laid off approximately 20 administrative staffers who support the National Symphony Orchestra. The announcement comes just four days after President Donald Trump signed a stimulus bill that provided $25 million in relief funds for the cultural institution.

Kennedy Center Tells Musicians It Will Stop Paying Them Hours After $25 Million Bailout Is Signed

National Symphony Orchestra will stop receiving paychecks on April 3

The Kennedy Center informed members of the National Symphony Orchestra that they would no longer be paid just hours after President Trump signed a $25 million taxpayer bailout to the cultural center, according to an email obtained by the Washington Free Beacon. Nearly 100 musicians will no longer receive paychecks after April 3

Donald Trump Backs Taxpayer Bailouts for Health Insurance Companies in New Book

In Donald Trump's latest book, Crippled America, the former frontrunner for the Republican nomination writes that government "doesn't belong in health care except as the very last resort." As Trump goes onto explain, he thinks the government should guarantee funding for insurance companies that lose a lot money, whether as a result of outside factors or simply poor management. In other words, he's in favor of government bailouts for health insurance companies. Here is the full passage:

Tarnished Reputation

Expert suggests GM avoiding mentioning Volt to avoid memories of bailout

General Motors has shied away from promoting the Chevrolet Volt in 2013 as the federal government begins selling off its final shares of company stock, a move one expert said may have been made to avoid reminding the public of the federal bailout.