Usa India state Ohio state Massachusets covid-19 vaccine Government Department Reuters Target Usa India state Ohio state Massachusets

US govt wants to use unspent COVID fund on pension, vaccines. But, why Republicans are opposing it?

Reading now: 962
www.livemint.com

Clawing back unspent COVID-19 relief funds may not improve the US fiscal picture and could negatively impact specific programs, vulnerable populations, and the long-term economic recovery.

Republicans at the US House of representatives are eyeing unspent COVID-19 relief funds as a target to rein in federal spending.

However, a review of federal spending figures by Reuters suggests that clawing back the remaining $80 billion of unspent aid may not significantly improve the US fiscal picture, but could instead have real-world repercussions.

The largest chunk of unspent funds, $47 billion, is earmarked for financially troubled union pension funds that have asked the federal Pension Benefit Guaranty Corporation for help.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA