Here’s Where $881 Billion in U.S. Aid Went in Month of Spending

Bloomberg VIA YAHOO

The Trump administration has doled out roughly $881 billion from the major components of the pandemic relief package signed into law one month ago, and soon will have a half trillion dollars more to shovel into the economy. The Treasury Department was put in charge of distributing, through multiple channels, nearly half of the $2.2 trillion Coronavirus Aid, Relief and Economic Security Act. While one key piece ran empty within two weeks — aid to small businesses — there’s still has a lot of money left to work with. “We’ve had an unprecedented fiscal and monetary response,” Treasury Secretary Steven Mnuchin said Thursday in a Bloomberg News interview. On Friday, President Donald Trump plans to sign into law another $484 billion in rescue money, including replenishment of small business assistance, aid to hospitals and funding for virus testing.


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