DOD scrutinized over role in bailout fund that has drawn little interest from big companies

By Tony Bertuca Marjorie Censer / September 14, 2020 at 5:00 AM
The Pentagon is being pressed by a congressional watchdog to explain its role in recommending to the Treasury Department companies to receive loans from a $17 billion COVID-19 rescue fund. The Treasury Department fund, which has gone almost entirely unspent because most contractors disliked the terms, is also the subject of behind-the-scenes debate on Capitol Hill. It has additionally drawn the attention of the Congressional Oversight Commission, established to oversee the $2.2 trillion in COVID-19 stimulus spending. On Aug. 7,...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.