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Thu Apr 15, 2021, 09:06 PM

U.S. Treasury sets up new 'recovery office' to oversee relief programs

WASHINGTON, April 14 (Reuters) - The U.S. Treasury Department on Wednesday unveiled a new office to oversee the implementation of economic relief programs, including nearly $420 billion in programs under President Joe Biden's $1.9 trillion COVID-19 rescue plan.

The new office will report to Deputy Treasury Secretary Wally Adeyemo and will be led by Jacob Leibenluft, a counselor to Treasury Secretary Janet Yellen, who will work closely with Gene Sperling, the White House rescue plan coordinator.

Consolidating the recovery programs covered under Biden's American Rescue Plan (ARP) and others enacted under the Trump administration's CARES Act will improve efficiency, equity and outreach to grantees, Adeyemo told reporters.

"Many of these programs are new to Treasury, and have until now been located in disparate parts of Treasury," Adeyemo said.

https://finance.yahoo.com/news/1-u-treasury-sets-recovery-181740308.html

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Reply U.S. Treasury sets up new 'recovery office' to oversee relief programs (Original post)
Yo_Mama_Been_Loggin Apr 15 OP
crickets Apr 15 #1

Response to Yo_Mama_Been_Loggin (Original post)

Thu Apr 15, 2021, 10:19 PM

1. ✔ Good. Oversight is desperately needed. nt

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