'I will be watching carefully': Elizabeth Warren just put the Treasury Department and Federal Reserve on notice about the $500 billion corporate bailout fund

Associated Press/Jeff Chiu

• Warren sent a letter to Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell on Tuesday, pressing them to ensure stimulus money for corporations is responsibly used.
• "I will be watching carefully as you hand out these funds," Warren wrote.
• A battle is brewing among top Democrats and the Trump administration around oversight of a $500 billion corporate lending program.
• Visit Business Insider's homepage for more stories.

Sen. Elizabeth Warren put Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell on notice on Tuesday as efforts ramp up to administer a colossal $2 trillion stimulus law.

In a letter sent to both leaders, Warren pressed them to use their sway to ensure money lent to corporations under the recent stimulus package is responsibly used.

See the rest of the story at Business Insider

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See Also:

• GOP senator calls on Trump to reopen parts of the coronavirus-stricken economy because 'death is an unavoidable part of life'
• The $2 trillion coronavirus rescue package is more than double the size of Obama's stimulus plan — but it may only salvage the economy for a few months
• Trump signs the $2 trillion coronavirus economic relief bill into law, which includes checks for Americans and business loans

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