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Trillions in Stimulus Go Unchecked With Watchdogs Kept Toothless

  • Three oversight boards have yet to fully launch their work
  • Trump’s inspector general firings raise questions on watchdogs
A pedestrian wearing a protective mask walks past a boarded up store in New York.

A pedestrian wearing a protective mask walks past a boarded up store in New York.

Photographer: Jeenah Moon/Bloomberg
Updated on

The U.S. has spent more than half of $3 trillion in economic rescue funds passed by Congress -- with little of the oversight intended to ensure the money goes to the right places.

Some of the oversight bodies are barely functional: A special inspector general was only recently sworn in, a congressional panel still lacks a chairman and staff, and President Donald Trump quickly removed the official who was going to lead a separate accountability committee.