In the News

The Finance 202: Senators poised to push Powell, Mnuchin on speed of economic rescue spending The Washington Post 05/19/2020 Federal Reserve Chair Jerome H. Powell is poised this morning to push senators on spending more to backstop the pandemic-ravaged economy. And they are set to make the case right back at him. Powell and Treasury Secretary Steven Mnuchin have allocated only… Read more »

Relief oversight without a leader Arkansas Democrat Gazette 05/18/2020 WASHINGTON -- Seven weeks after Congress unleashed more than $2 trillion to deal with the coronavirus crisis, an oversight commission intended to keep track of how the money is spent remains without a leader. Four of the five members of the Congressional Oversight Commission have been appointed, but House… Read more »

Without out a leader, commission overseeing virus relief struggles Hot Springs Sentinel Record 05/18/2020 WASHINGTON -- Seven weeks after Congress unleashed more than $2 trillion to deal with the coronavirus crisis, an oversight commission intended to keep track of how the money is spent remains without a leader. Four of the five members of the Congressional Oversight Commission… Read more »

Senate willing to negotiate hazard pay for essential workers after $3-trillion HEROES Act passed in House 13WOWK 05/18/2020 WASHINGTON, D.C. (NEXSTAR) – The $3-trillion HEROES Act, which the U.S. House passed last Friday, isn’t likely to pass the Senate, but a few key pieces in it may survive, including hazard pay for our front line workers. Grocery store workers, firefighters,… Read more »

$500 billion Treasury fund meant for virus relief has lent barely any money, oversight commission finds The Philadelphia Inquirer 05/18/2020 WASHINGTON - President Donald Trump on Monday intensified his push for businesses to reopen as quickly as possible, but companies and cities continued to wait for the disbursement of unspent bailout funds and remain unsure what to expect as… Read more »

Senate willing to negotiate hazard pay for essential workers after $3-trillion HEROES Act passed in House KARK 05/18/2020 WASHINGTON, D.C. (NEXSTAR) – The $3-trillion HEROES Act, which the U.S. House passed last Friday, isn’t likely to pass the Senate, but a few key pieces in it may survive, including hazard pay for our front line workers. Grocery store workers, firefighters,… Read more »

Virus aid oversight report raises questions before key hearing Roll Call 05/18/2020 The panel charged with overseeing the Treasury Department and Federal Reserve’s management of coronavirus-related business loans said it would delve into the transparency of what are expected to be trillions of dollars of loans. In its first report, the Congressional Oversight Commission posed… Read more »

As White House pushes firms to reopen, new report says much of bailout stimulus money remains unspent The Washington Post 05/18/2020 President Trump on Monday intensified his push for businesses to reopen as quickly as possible, but companies and cities continued to wait for the disbursement of unspent bailout funds and remain unsure what to expect as rules and programs continue to… Read more »

With no leader, commission overseeing virus relief struggles Business Insider 05/17/2020 WASHINGTON (AP) — Seven weeks after Congress unleashed with the crisis, an intended to keep track of how the money is spent. Four of the five members of the Congressional Oversight Commission have been appointed, but House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Mitch… Read more »

State delegation rejects changing House vote rules Arkansas Democrat Gazette 05/16/2020 WASHINGTON -- All four U.S. representatives from Arkansas voted Friday against House rules that would allow proxy voting and remote committee proceedings during a novel coronavirus health emergency. The four, all Republicans, also opposed a $3 trillion Democratic spending proposal. Three… Read more »