The Wall Street Journal just reported that as Democrats and Republicans argue over further stimulus, hundreds of billions of dollars remain unused.
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. In this video, we explore why that money was allocated, why it was not used, and whether that money can be used for your next stimulus check.
TABLE OF CONTENTS
0:00 $454 billion fund largely unused – $259 billion not used
2:10 Why this money was allocated and what happened to it
4:10 Why was all this money allocated
5:20 What can be done with this money to be put to good use
5:50 Did the availability of this money serve a valuable purpose (even though it wasn’t used)?
9:40 How to help local businesses (and job creation) with this unused money
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