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Getty Images President Donald Trump listens to a question during a White House briefing.
President Donald Trump on Thursday said he supports the U.S. government taking an equity stake in companies that get coronavirus aid, but opposes use of that aid for buying back stocks or rewarding executives.
“I do” support the government taking a stake in certain companies, Trump told reporters at a White House briefing.
Trump also said he would be OK with provisions in legislation prohibiting stock buybacks or executive bonuses to companies that receive aid, but he did not say he would demand them as part of legislation.
On Wednesday, Larry Kudlow, the top White House economist, said the administration may consider asking for an equity stake in corporations that want coronavirus aid.
