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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums'Flat-out sabotage' underway as Mnuchin tries to put $455 billion in COVID $$ out of Biden's reach
Treasury Secretary Steve Mnuchin is under fire for attempting to undermine the incoming Biden administrations response to the Covid-19 pandemic on his way out the door after his department confirmed Tuesday that it intends to place $455 billion in unspent coronavirus relief funds into an account that requires congressional authorization to access.
Bloomberg reported that the funds, which Congress allocated to the Federal Reserve in March for emergency lending programs to assist local governments and struggling businesses, will be put in the Treasury Departments General Fund following Mnuchins widely condemned decision last week to cut off the relief programs at the end of the year.
As the economy backslides amid skyrocketing Covid-19 cases, Secretary Mnuchin is engaged in economic sabotage, and trying to tie the Biden administrations hands.
Sen. Ron Wyden
Mnuchin requested that the funds be reallocated by the currently divided Congress, and the Fed has agreed to cooperate with the outgoing treasury secretarys move. ...........(more)
https://www.rawstory.com/2020/11/flat-out-sabotage-already-underway-as-mnuchin-tries-to-put-455-billion-in-funds-out-of-biden-teams-reach/?
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'Flat-out sabotage' underway as Mnuchin tries to put $455 billion in COVID $$ out of Biden's reach (Original Post)
marmar
Nov 2020
OP
ProudMNDemocrat
(16,785 posts)1. ASSHOLE...
What a vengeful PRICK as people are hurting.
Suck on this Steve! Your legacy is for shit.
triron
(22,002 posts)2. There is no low they won't sink to.
Eyeball_Kid
(7,432 posts)3. Congress already allocated the funds to the Executive Branch.
This looks like an illegal maneuver. Congress already voted on the matter. The money must be spent as directed.
Phoenix61
(17,003 posts)4. I just have to wonder what his long game is.
Hes out of a job in a couple of weeks. Who does he think will reward him with a job for doing this?
Botany
(70,503 posts)5. Janet Yellen, Joe Biden, Nancy Pelosi, and Chuck Schummer will work around this road block PDQ.
Janet Yellen is a lot smarter than Mnuchin and his little piss ant moves.
edhopper
(33,576 posts)7. If the Dems don't have the Senate
Mitch can stop it.
FoxNewsSucks
(10,429 posts)9. Even if Dems get the Senate,
Joe Manchin announced he would not support ending the filibuster, so Moscow Mitch will still be able to stop whatever he wants. I can't thing of anything that would get 60 votes.
samnsara
(17,622 posts)6. he will have a halloween mask made in his likeness....
kentuck
(111,092 posts)8. But wasn't it several billion dollars more than $455 billion??
Wasn't it more like $655 billion?
Once these grifters get their grimy fingers on a dollar, they never want to turn it loose.