Headline RoundupMay 20th, 2020

Report Says CARES Act Off to Slow Start; Treasury Defends Response

Summary from the AllSides News Team

Treasury Secretary Steve Mnuchin is facing scrutiny for his allegedly unneeded deliberation in allocating the $500 billion being managed by the Treasury as part of the $2.2 Trillion CARES Act; a Congressional Oversight Committee (COC) report released Monday suggested the Treasury's actions on the legislation were slow to get off the ground. The $500 billion is meant for emergency lending to businesses and state and local governments. Mnuchin has thus far defended the Treasury's operations; he is facing a hearing with the Senate Banking, Housing and Urban Affairs Committee Tuesday, which is conducting a review of the legislation. Most left-and center-rated coverage focused on the report's supposed conclusion that the CARES Act has yet to be fully kicked off. Very few right-rated outlets have reported on the scrutiny around Mnuchin and the Treasury Department's handling of the funds, and none have mentioned the fact that the COC report indicates a slow start for the relief program.

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