US loan to Kodak will not proceed unless allegations cleared: White House

WASHINGTON: The US government will not proceed further with a government loan to Eastman Kodak Co to make drugs at its US factories unless the company is cleared of allegations tied to the circumstances surrounding Kodak's announcement of the $765 million government loan, the White House said on Monday.

White House Press Secretary Kayleigh McEnany made the remarks to reporters after US President Trump said last week the US government would quickly investigate the issue.