Report: Treasury fund to ease virus crisis off to slow start

Posted on AllSides May 19th, 2020
From The Left

WASHINGTON (AP) — The Treasury Department and Federal Reserve have lent hardly any money under a $500 billion fund created by the economic rescue law passed in response to the coronavirus crisis, a congressional oversight panel says in a new report.

The Treasury fund is being used to guarantee new, expansive Federal Reserve lending programs to companies, states and cities that could be leveraged to reach as much as $4.5 trillion.

So far only one of the new Fed programs has started operating, a lending fund likely to be tapped...

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https://apnews.com/8fa579da8fec873c7b96da7d263fec74

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