WASHINGTON – Funds for an expiring Federal Reserve loan program that Treasury Secretary Steven Mnuchin has canceled are “reassigned” to a new coronavirus assistance circular that the U. S. Congress could develop, Senate majority leader Mitch McConnell said Friday.
“Congress reallocates this money to the kinds of urgent, vital, and specific aid measures advocated by Republicans,” McConnell said, not to mention any of the projects Democrats seek in the new legislation.
(Report via Richard Cowan; edited through Diane Craft)
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