$454 Billion Treasury Fund Goes Mostly Unused - News Summed Up

$454 Billion Treasury Fund Goes Mostly Unused


WASHINGTON—As Democrats and Republicans haggle over the next coronavirus-relief bill, a giant pot of money remains largely unused. In March, Congress gave the Treasury Department $454 billion to backstop aggressive new lending efforts by the Federal Reserve to distressed businesses and state and local governments. Five months later, more than half—$259 billion—is still uncommitted.


Source: Wall Street Journal August 27, 2020 12:00 UTC



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