US Treasury Asks Congress for Funding ‘Flexibility’ for Covid Aid Programs
- Officials asked Congress to let department ‘repurpose funds’
- Reductions would include closing call centers in October
The U.S. Treasury Department building in Washington, D.C.
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
The US Treasury Department said it will have to scale down the rollout of Covid-19 stimulus under the American Rescue Plan Act if Congress doesn’t allow it to tap into funds from other programs to help with costs.
Treasury officials have asked Congress to let them use administrative funds appropriated for other pandemic relief programs, like the Coronavirus Aid, Relief, and Economic Security Act, to help support several key programs in the $1.9 trillion ARPA, according to a letter obtained by Bloomberg News.