Senator Warren: Issues With 'Little Oversight' Of Stimulus Programs
  • 4 years ago
Senator Elizabeth Warren chastised the Federal Reserve and Treasury Department on Thursday over their rollout of massive stimulus programs designed to help businesses weather the global coronavirus pandemic, saying they were failing to protect workers. “The Federal Reserve is handing out billions of dollars with little oversight and failing to require basic protections that companies retain workers and maintain payroll, failing to include protections against outsourcing, and failing to retain basic protections for union workers,” she wrote in one letter. A Fed spokesperson said the central bank has received the letter and will respond.
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