$500 Billion Treasury Fund Meant for Coronavirus Relief Has Lent Barely Any Money So Far, Oversight Commission Finds

Washington Post, May 18, 2020–Erica Werner
The money was supposed to be used to help prop up large segments of the U.S. economy at a time when millions of Americans had lost their jobs or were ordered to work remotely. The Treasury Department has speedily implemented other parts of the Cares Act, but its work on the $500 billion fund has so far led to little action at a time when a growing number of firms are seeking bankruptcy protection and continuing to lay off employees.