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

By Marjorie Censer Tony Bertuca / September 14, 2020 at 5:00 AM
A congressional watchdog is pressing the Pentagon 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, the commission...

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