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  • Addressing the other COVID crisis: Corruption
    Posted in In the News on July 22, 2020 | Preview rr
    Tags: Financial Services, Health Care

    Addressing the other COVID crisis: Corruption 7/22/2020 Brookings The need for oversight of Trump administration coronavirus spending has reached an inflection point.[1] Over the past few weeks, there have been reports that 27 clients of Trump-connected lobbyists have received up to $10.5 billion of that spending;[2] that beneficiaries have also included multiple entities linked to the family of Jared Kushner and other Trump associates and political allies;[3] that up to $273 million was awarded... Read more

  • Watchdog urges Fed to extend more virus aid to states, small firms
    Posted in In the News on July 20, 2020 | Preview rr
    Tags: Financial Services

    Watchdog urges Fed to extend more virus aid to states, small firms American Banker 07/20/2020 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 bank programs have purchased only two loans — one to the state of Illinois through its municipal lending facility and a $12... Read more

  • Watchdog Urges Fed to loan Extra Virus Assist to States, Small Corporations
    Posted in In the News on July 20, 2020 | Preview rr
    Tags: Financial Services

    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 pandemic. U.S. central bank packages have bought solely two loans — one to the state of Illinois via its municipal... Read more

  • Watchdog Urges Fed to Loan More Virus Aid to States, Small Firms
    Posted in In the News on July 20, 2020 | Preview rr
    Tags: Financial Services

    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 bank programs have purchased only two loans -- one to the state of Illinois through its municipal lending facility and a $12 ... Read more

  • Fed, Treasury using virus aid funds sparingly: oversight panel
    Posted in In the News on July 20, 2020 | Preview rr
    Tags: Financial Services

    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 monthly report released Monday by the Congressional Oversight Commission, which was created under the $2 trillion pandemic... Read more

  • Watchdog Urges Fed To Loan More Virus Aid to States, Small Firms
    Posted in In the News on July 20, 2020 | Preview rr
    Tags: Financial Services

    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 pandemic. U.S. central bank programs have purchased only two loans -- one to the state of Illinois through its municipal lending facil... Read more

  • Most of $500 billion earmarked for coronavirus-related loan programs has not been spent
    Posted in In the News on July 20, 2020 | Preview rr
    Tags: Financial Services

    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 Monday. The Treasury and the Fed have outlined how they plan to use $195 billion of the $454 billion allocated for Fed lending facilities in the $2.2 trillion st... Read more

  • Lawmakers call for more scrutiny over $700 million Treasury Dept. loan to U.S. trucking company
    Posted in In the News on July 20, 2020 | Preview rr
    Tags: Financial Services

    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 would give a substantial loan to YRC Worldwide, one of the largest trucking companies in North America. In exchange, the U.S. governm... Read more

  • Troubling streak for the labor market
    Posted in In the News on July 17, 2020 | Preview rr
    Tags: Financial Services

    Troubling streak for the labor market 07/17/2020 Politico Troubling streak for the labor market — Jobless claims have come in higher than a million — and more than double the worst week of the Great Recession — for 17 straight weeks. Last week, initial claims totaled 2.4 million, including the self-employed and gig workers, just a couple of weeks away from the expiration of federal unemployment insurance that adds $600 a week on top of state benefits. Evercore ISI dug into the data and found th... Read more

  • Hill Celebrates Grant for Apprenticeships in Arkansas
    Posted in Press Releases on July 10, 2020 | Preview rr
    Tags: Financial Services, Jobs and Economic Growth

    Little Rock, Ark. — The U.S. Department of Labor awarded $450,000 to the State of Arkansas to support activities that improve its ability to serve, improve, and expand the Registered Apprenticeship Program model by strengthening the national apprenticeship system, promoting system alignment and partnership, and improving data sharing and data integrity. “As the Co-Chair of the American Skilled Worker Caucus in Congress, I know the important role skilled job play creating good jobs in Arkansas an... Read more

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