..you see the Trump administration won't want to make things any easier for the Dems, even Janet. The bad blood continues and the country and its people are the real ones suffering. Mnuchin will put clawed-back Fed funds out of Yellen's reach
Reuters
Treasury Secretary Steven Mnuchin will put the over-$US400 billion in CARES ACT funding he took back from the Federal Reserve last week into an account that needs Congressional approval to be tapped, Bloomberg reported.
Moving the money into Treasury's "General Fund" will leave Mnuchin's expected successor, Janet Yellen, dependent on legislation in Congress to use the funds.
The money includes $US429 billion that was to back the Fed's emergency lending facilities and $US29 billion in Treasury funds earmarked for business loans.
