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marmar

(77,077 posts)
Wed Nov 25, 2020, 10:37 AM Nov 2020

'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 administration’s 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 Department’s General Fund following Mnuchin’s 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 administration’s 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 secretary’s 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
ASSHOLE... ProudMNDemocrat Nov 2020 #1
There is no low they won't sink to. triron Nov 2020 #2
Congress already allocated the funds to the Executive Branch. Eyeball_Kid Nov 2020 #3
I just have to wonder what his long game is. Phoenix61 Nov 2020 #4
Janet Yellen, Joe Biden, Nancy Pelosi, and Chuck Schummer will work around this road block PDQ. Botany Nov 2020 #5
If the Dems don't have the Senate edhopper Nov 2020 #7
Even if Dems get the Senate, FoxNewsSucks Nov 2020 #9
he will have a halloween mask made in his likeness.... samnsara Nov 2020 #6
But wasn't it several billion dollars more than $455 billion?? kentuck Nov 2020 #8

Eyeball_Kid

(7,431 posts)
3. Congress already allocated the funds to the Executive Branch.
Wed Nov 25, 2020, 10:40 AM
Nov 2020

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.
Wed Nov 25, 2020, 10:42 AM
Nov 2020

He’s out of a job in a couple of weeks. Who does he think will reward him with a job for doing this?

Botany

(70,500 posts)
5. Janet Yellen, Joe Biden, Nancy Pelosi, and Chuck Schummer will work around this road block PDQ.
Wed Nov 25, 2020, 10:45 AM
Nov 2020

Janet Yellen is a lot smarter than Mnuchin and his little piss ant moves.

FoxNewsSucks

(10,429 posts)
9. Even if Dems get the Senate,
Wed Nov 25, 2020, 11:51 AM
Nov 2020

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.

kentuck

(111,079 posts)
8. But wasn't it several billion dollars more than $455 billion??
Wed Nov 25, 2020, 10:53 AM
Nov 2020

Wasn't it more like $655 billion?

Once these grifters get their grimy fingers on a dollar, they never want to turn it loose.

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