Democrats urge U.S. to provide at least $5 billion in loans to bus industry

WASHINGTON (Reuters) - Two senior U.S. House Democrats on Friday asked the U.S. Treasury and Federal Reserve to direct at least $5 billion (4.06 billion pounds) in loans to struggling over-the-road bus companies because of the coronavirus pandemic.House Ways and Means Committee chairman Richard Neal and Transportation Committee chairman Peter DeFazio said between 80 and 95% of current motorcoach trips have been canceled or are not being booked and scheduled service operations are down 80-90% and..