In the News

Watchdog Urges Fed to loan Extra Virus Assist to States, Small Corporations 07/20/2020 Fintech Zoom (Bloomberg) — The Federal Reserve isn’t shifting shortly sufficient to get loans to cash-strapped small companies and native governments struggling to deal with the coronavirus disaster, in line with a panel created to observe billions of {dollars} in help permitted in response to the… Read more »

Watchdog Urges Fed to Loan More Virus Aid to States, Small Firms   07/20/2020 NewsMax Finance The Federal Reserve isn’t moving quickly enough to get loans to cash-strapped small businesses and local governments struggling to cope with the coronavirus crisis, according to a panel created to monitor billions of dollars in aid approved in response to the pandemic. U.S. central… Read more »

Fed, Treasury using virus aid funds sparingly: oversight panel   Roll Call 07/20/2020 Lending facilities set up by the Federal Reserve and Treasury Department to avoid a coronavirus-related credit crunch have distributed about $14 billion out of $500 billion Congress approved in a March aid bill. The light activity of the 11 emergency lending facilities was the main topic of a… Read more »

Watchdog Urges Fed To Loan More Virus Aid to States, Small Firms   Bloomberg BNN 07/20/2020 (Bloomberg) -- The Federal Reserve isn’t moving quickly enough to get loans to cash-strapped small businesses and local governments struggling to cope with the coronavirus crisis, according to a panel created to monitor billions of dollars in aid approved in response to the… Read more »

Most of $500 billion earmarked for coronavirus-related loan programs has not been spent   The Washington Times 07/20/2020 Most of the $500 billion in coronavirus stimulus funds that had been earmarked for emergency Treasury Department and Federal Reserve loan programs had yet to be spent as of last week, according to a report released on… Read more »

Congressional commission challenges $700 million YRC loan   JOC 07/20/2020 A congressional oversight commission said Monday it will investigate the $700 million US loan to YRC Worldwide, but it’s unclear whether anything short of legislation would prevent the less-than-truckload (LTL) carrier from getting the COVID-19 relief loan announced July… Read more »

Lawmakers call for more scrutiny over $700 million Treasury Dept. loan to U.S. trucking company The Washington Post 07/20/2020 A bipartisan congressional oversight body is raising questions about a $700 million emergency loan awarded by the Treasury Department to a U.S. trucking company. Earlier this month, Treasury Secretary Steven Mnuchin announced that taxpayers… Read more »

Lawmakers call for more scrutiny over $700 million Treasury Dept. loan to U.S. trucking company 7/20/2020 The Washington Post A bipartisan congressional oversight body is raising questions about a $700 million emergency loan awarded by the Treasury Department to a U.S. trucking company. Earlier this month, Treasury Secretary Steven Mnuchin announced that taxpayers… Read more »

Rep. French Hill: "John Lewis was an inspiration to all of us" Fox 16/ KARK   07/19/2020 Congressman John Lewis was an inspiration to all of us. He was a friend to everybody and worked so hard to bring a positive spirit to the House of Representatives. Read more »

Rep. French Hill pays tribute to Congressman John Lewis Yahoo! News 07/18/2020 Arkansas Congressman French Hill joins ‘America’s News HQ.’   Read more »