Stay updated with breaking news from Coronavirus Relief Programs. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The shortfall this year is 9.7% higher than the $1.88 trillion deficit run up over the same period a year ago, the Treasury Department said Thursday in its monthly budget report.
A watchdog seeking to provide oversight of trillions of dollars in coronavirus spending and other relief has blasted a new Justice Department memo while calling on Congress to clarify his oversight mandate. Brian Miller, the Treasury Department’s special inspector general for pandemic recovery, said Friday that a decision this week by the Justice Department’s Office of Legal Counsel (OLC) has “permanently reduced oversight” of specific relief programs implemented during the coronavirus pandemic. Miller in his quarterly report to Congress warned his efforts have been limited afte...