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As Washington scrambles for more bailout money, the Fed sits on mountain of untapped funds

As Washington scrambles for more bailout money, the Fed sits on mountain of untapped funds

This article was published more than 2 years agoCommentGift ShareThe White House and Congress are fighting over an economic relief bill, and they will reach a deal before the November election. Yet hundreds of billions of dollars already set aside by lawmakers to support the Federal Reserve’s emergency aid programs may never be touched, illustrating the unevenness of Congress’s bailout decisions from earlier this year.In March, Congress allotted $454 billion to the Treasury Department to support the central bank’s emergency lending programs, including those for struggling businesses...

October 19, 2020
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