Rescue of Troubled Trucking Company With White House Ties Draws Scrutiny

Members of a congressional oversight panel want to know how YRC Worldwide won a $700 million loan from the Treasury Department.

#apollo-global-management, #congressional-oversight-commission, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #defense-department, #stimulus-economic, #treasury-department, #trucks-and-trucking, #united-states-economy, #united-states-politics-and-government

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Dunford Bows Out of Search for Virus Oversight Chair, Leaving it Leaderless

Three months after Congress created a bipartisan oversight board to scrutinize the handling of hundreds of billions of dollars in pandemic relief, it remains hobbled by the lack of a chairman.

#congressional-oversight-commission, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #dunford-joseph-f-jr, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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One Person is Overseeing Congress’s Bailout Loans. He Wants Answers.

The Fed has authority to make trillions of dollars in loans. Concern is growing that taxpayers will be in the dark about how the money is being disbursed.

#congressional-oversight-commission, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-reserve-system, #inspectors-general, #mnuchin-steven-t, #powell-jerome-h, #ramamurti-bharat, #treasury-department, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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