Trump Wants Control of Economic Rescue Funds

“Congressional lawmakers are feuding over a central component of the massive economic relief package being debated by the Senate, a battle that may threaten the enormous emergency aid package while reprising one of the most bitter political fights of the last decade,” the Washington Post reports.

“The Trump administration and Senate Republicans have called for giving the Treasury Department the authority to disburse hundreds of billions of dollars in emergency federal loans to firms hurt by the economic impact of the coronavirus.”

“Congressional Democrats have demanded the legislation include guardrails to prevent firms who receive the emergency aid from firing their workers or stripping them of their health care… They also are balking at giving Mnuchin so much authority to determine which firms receive the assistance.”