Backlash Grows as Pandemic Relief Stumbles

Politico: “Congress’ mad dash to shovel nearly $3 trillion into the economy and rescue failing industries met little resistance as the coronavirus crisis overwhelmed communities across the country. But now the hangover has set in.”

“The sprawling CARES Act, and its similarly rushed companion bills, has fueled rising angst for lawmakers. They’ve been bombarded with complaints about breakdowns in the small business lending program, loopholes that have allowed large companies to snatch cash meant for smaller operations and administrative failures that have delayed stimulus checks to struggling American households.”

New York Times: Large, troubled companies got bailout money in small business loan program.