Trillions in Stimulus Go Unchecked With Watchdogs Kept Toothless

June 17, 2020, 7:20 PM UTC

The U.S. has spent more than half of $3 trillion in economic rescue funds passed by Congress -- with little of the oversight intended to ensure the money goes to the right places.

Some of the oversight bodies are barely functional: A special inspector general was only recently sworn in, a congressional panel still lacks a chairman and staff, and President Donald Trump quickly removed the official who was going to lead a separate accountability committee.

At the same time, about $2 trillion in stimulus money has already been distributed, according to an estimate from the Committee for a Responsible ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.