Treasury has disbursed only a fraction of $500 billion coronavirus relief fund, commission reports

A commission monitoring $500 billion of coronavirus relief funding produced its first report Monday — though according to the report, there weren’t that many receipts to comb through.

The Treasury Department has so far disbursed only $37.5 billion of the $500 billion carved out in the CARES Act to be used for emergency lending to businesses, state and local governments, according to the report from the Congressional Oversight Commission.

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