“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,” the Wall Street Journal reports.
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Taegan Goddard
Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.
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